Market Report for the Southern California area September 2022.
Copyright by KW Advisors 2022
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Playa Del Rey
That’s really the question you should be asking Ouryourself.market is incredibly diverse and changes rapidly. Values vary not just by neighborhood, but by street. Your home isn't necessarily worth what your neighbors is. At the end of the day, the current market sets the value of your home.
What’syourhome reallyworthin today’smarket?
Contact me for a confidential, no obligation, assessment of your home's value.
So, do you know what your home is worth in today's market?
Icanhelp...
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With today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever They have the skills, experience, and expertise it takes to navigate the highly detailed and involved process of selling a home. This could be the reason the percentage of people who list their houses on their own, known as an FSBO, or For Sale By Owner, is at its lowest point since 1985
Here are five reasons why selling with a real estate professional makes more sense, even in today’s hot market:
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There’s a lot that goes into selling your house. Instead of tackling it alone, reach out to a trusted real estate advisor to make sure you have an expert on your side throughout the entire process. Read more here.
Los Angeles
What's in the Los Angeles data?
In Los Angeles, the median sold price for single-family homes in August remained the same month-over-month to $905 thousand. The number of homes sold decreased to 3,432, and the number of new listings decreased to 15,800. The number of condo & townhomes sales slightly increased to $657 thousand month-over-month with 1,224 units sold and 4,955 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2022. Each Office is independently owned and operated.
Avg Days on Market
15,800 New Listings 2.6 Months of Inventory $905K Median Sale Price 97.5% Median Sale vs List 32 3,432 Sold Listings SFH Single Family Homes
4,955 New Listings 2.3 Months of Inventory $657K Median Sale Price 98.4% Median Sale vs List 31 Avg Days on Market 1,224 Sold Listings CONDO Condo & Townhomes
AUGUST 2021 - AUGUST 2022 GS FOR SALE VS SOLD LISTINGS Family Homes 2 months, year over year. s & Townhomes 2 months, year over year
osAngeles
mber2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 mber2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022
Single Family Homes
Condos & Townhomes
The overbid percentage has gone down from 101% last August 2021 to 98.4 % a year later.
$1,000,000 $750,000 $500,000 $250,000 July2022August2022
Single Family Homes
Median SalesPrice
The average days on market last August 2021 is 25 days up to 31 days in August 2022
The average days on market is from 22 days last August 2021 up to 32 days by August 2022
$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 40 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022
The median sales price has slightly increased from $615k last August 2021 to $657k in August 2022.
125% 100% 75% 50% 25% 0%
Condos & Townhomes
Single Family Homes
AVGDays OntheMarket
Condos & Townhomes
The overbid percentage is down to 100.5% last August 2021 which decreased to 97.5 % a year later.
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
Overbids
The median sales price remained the same $905k from August 2021 to $905k in August 2022.
Santa Monica
What's in the Santa Monica data?
In Santa Monica, the median sold price for single-family homes in August decreased month-over-month to $3.4 million. The number of homes sold decreased to 24, and the number of new listings decreased to 128. The number of condo & townhomes sales slightly increased at $1.1 million month-over-month with 30 units sold and 179 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
Sold Listings
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2022. Each Office is independently owned and operated.
Homes
Avg Days on Market
$3.4M Median Sale Price 25 24
179 New Listings 2.5 Months of Inventory $1.1M Median Sale Price 96.8% Median Sale vs List 35 Avg Days on Market 30 Sold Listings CONDO Condo & Townhomes
August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 200 150 100 50 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 400 300 200 100 0 SantaMonica AUGUST 2021 - AUGUST 2022 LISTINGS FOR SALE VS SOLD LISTINGS
Last 12 months, year over year
Condos & Townhomes
Single Family Homes
Last 12 months, year over year.
The average days on market last August 2021 is 34 days up to 35 days in August 2022.
Condos & Townhomes
AVGDays OntheMarket
The overbid percentage has gone down from 98.9% last August 2021 to 96.8% a year later.
$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 50 40 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022
$4,000,000 $2,000,000 July2022August2022
The overbid percentage is down to 99.6% last August 2021 which increases to 95.8% a year later.
$6,000,000
The median sales price is down to $3 4m from August 2021 to $3 4m in August 2022
Condos & Townhomes
Overbids
September2021October2021November2021
Single Family Homes
Single Family Homes
The median sales price has remained the same from $1.1m last August 2021 to $1.1m in August 2022.
Single Family Homes
The average days on the market is from 30 days last August 2021 to 25 days by August 2022
125% 100% 75% 50% 25% 0% Median SalesPrice
August2021 December2021January2022February2022March2022April2022May2022June2022July2022August2022
Condos & Townhomes
Brentwood
In Brentwood, the median sold price for single-family homes in August slightly increased month-over-month to $765 thousand. The number of homes sold decreased to 40, while the number of new listings in August 2022 was similar to last year at 124. The number of condo and townhome sales decreased month-over-month to $750 thousand, with 1 unit sold and 6 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
What's in the Brentwood data?
Avg Days on Market
124 New Listings 1.3 Months of Inventory $765K Median Sale Price 93.4% Median Sale vs List 40 40 Sold Listings SFH Single Family Homes
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2022. Each Office is independently owned and operated.
6 New Listings 4 Months of Inventory $750K Median Sale Price 100.1% Median Sale vs List 4 Avg Days on Market 1 Sold Listings CONDO Condo & Townhomes
Single Family Homes
Last 12 months, year over year
Condos & Townhomes
August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 200 150 100 50 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 15 10 5 0 Brentwood AUGUST 2021 - AUGUST 2022 LISTINGS FOR SALE VS SOLD LISTINGS
Last 12 months, year over year.
August2021 December2021January2022February2022March2022April2022May2022June2022July2022August2022
AVGDays OntheMarket
Condos & Townhomes
The average days on market decreased from 20 days in August 2021 to 4 days this year
Single Family Homes
Single Family Homes
Overbids
Condos & Townhomes
$2,000,000
$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022
Single Family Homes
The overbid percentage decreased from 100 70% last August 2021 to 93 40% a year later
September2021October2021November2021
The median sales price decreased from $1 7m in August 2021 to $750k in August 2022
The average days on market increased from 17 day last August 2021 to 40 days by August 2022
Median SalesPrice
The median sales price increased from $762k in August 2021 to $765k in August 2022
Condos & Townhomes
The overbid percentage decreased from 101 50% last August 2021 to 100 10% a year later
125% 100% 75% 50% 25% 0%
$1,500,000 $1,000,000 $500,000 August2022
In Marina Del Rey, the median sold price for single-family homes in August decreased month-over-month to $0. The number of homes sold decreased to 0, and the number of new listings increased to 28. The number of condo & townhomes sales was static at $1.1 million month-overmonth with 16 units sold and 92 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
Marina DelRey
What's in the Marina Del Rey data?
28 New Listings 25 Months of Inventory $0 Median Sale Price 0% Median Sale vs List 78 Avg Days on Market 0 Sold Listings SFH
Single Family Homes
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2022. Each Office is independently owned and operated.
92 New Listings 2.6 Months of Inventory $1.1M Median Sale Price 97.4% Median Sale vs List 50 Avg Days on Market 16 Sold Listings CONDO Condo & Townhomes
Single Family
August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 40 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 200 150 100 50 0 LISTINGS FOR SALE VS SOLD LISTINGS MarinaDelRey AUGUST 2021 - AUGUST 2022
Last 12 months, year over year
Homes
Last 12 months, year over year.
Condos & Townhomes
The average days on market last August 2021 is 36 days to 50 days in August 2022.
Single Family Homes
AVGDays OntheMarket
Single Family Homes
Condos & Townhomes
The median sales price has decreased from $2 4m last August 2021 to $0 in August 2022
The overbid percentage has decreased from 96 50% last August 2021 to 0% a year later
$4,000,000
The median sales price has slightly increased from $1 12m last August 2021 to $1 13m in August 2022
$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median
The overbid percentage has slightly decreased from 98 70% last August 2021 to 97 40% a year later
Overbids
Condos & Townhomes
Single Family Homes
The average days on market is from 26 days last August 2021 to 78 days by August 2022
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
Condos & Townhomes
$3,000,000 $2,000,000 $1,000,000 SalesPrice
In Pacific Palisades, the median sold price for single-family homes in August decreased month-over-month to $4 million. The number of homes sold decreased to 14, and the number of new listings decreased to 93. The number of condo & townhomes sales increased at $1.6 million month-overmonth with 12 units sold and 27 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
Palisades data?
What's in the Pacific
Pacific Palisades
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2022. Each Office is independently owned and operated.
93 New Listings 3.6 Months of Inventory $4M Median Sale Price 105.4% Median Sale vs List 31 Avg Days on Market 14 Sold Listings SFH Single Family Homes
27 New Listings 3 Months of Inventory $1.6M Median Sale Price 100.9% Median Sale vs List 28 Avg Days on Market 12 Sold Listings CONDO Condo & Townhomes
Single
Last months, year over
year
& Townhomes
Last months, year over year.
Family Homes
12
12
Condos
August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 200 150 100 50 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 50 40 30 20 10 0 PacificPalisades AUGUST 2021 - AUGUST 2022 LISTINGS FOR SALE VS SOLD LISTINGS
September2021
Single Family Homes
The overbid percentage is up to 98% last August 2021 which increases to 105.4% a year later.
August2021 October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
$6,000,000 $4,000,000 $2,000,000 January2022February2022March2022April2022May2022June2022July2022August2022 July2022August2022 SalesPrice
The average days on market is from 56 days last August 2021 down to 31 days by August 2022
The overbid percentage has gone up from 95.4% last August 2021 to 100.9% a year later.
The median sales price has slightly increased from $1 3m last August 2021 to $1 6m in August 2022
AVGDays OntheMarket
The average days on market last August 2021 is 22 days down to 28 days in August 2022
Condos & Townhomes
Overbids
The median sales price is down $4 1m from August 2021 to $4m in August 2022
$0 August2021September2021October2021November2021December2021
Condos & Townhomes
Condos & Townhomes
Single Family Homes
125% 100% 75% 50% 25% 0% Median
125 100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022
Single Family Homes
What's in the Culver City data?
Culver City
In Culver City, the median sold price for single-family homes in August decreased month-over-month to $1.5 million. The number of homes sold increased to 23, and the number of new listings decreased to 68. The number of condo & townhomes sales was static at $635 thousand month-overmonth with 17 units sold and 61 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2022. Each Office is independently owned and operated.
68 New Listings 3.1 Months of Inventory $1.5M Median Sale Price 100.5% Median Sale vs List 40 Avg Days on Market 23 Sold Listings SFH Single Family Homes
61 New Listings 1.6 Months of Inventory $635K Median Sale Price 100.2% Median Sale vs List 30 Avg Days on Market 17 Sold Listings CONDO Condo & Townhomes
Townhomes
Family Homes
Last 12 months, year over year.
Condos &
Last 12 months, year over year
August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 125 100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 125 100 75 50 25 0 CulverCity AUGUST 2021 - AUGUST 2022 LISTINGS FOR SALE VS SOLD LISTINGS
Single
Condos & Townhomes
Single Family Homes
The median sales price has slightly increased from $599k last August 2021 to $635k in August 2022
Single Family Homes
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
Single Family Homes
Condos & Townhomes
Overbids
$2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000
The average days on market is from 22 days last August 2021 to 40 days by August 2022
The overbid percentage has gone down from 100 8% last August 2021 to 100 2% a year later
AVGDays OntheMarket
The overbid percentage is down to 104% last August 2021 which slightly decreased to 100 5% a year later
The median sales price is the down from $1 8m on August 2021 to $1 5m on August 2022
The average days on market last August 2021 is 25 days up to 30 days in August 2022.
$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 40 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median SalesPrice
Condos & Townhomes
MarVista
What's in the Mar Vista data?
In Mar Vista, the median sold price for single-family homes in August increased month-over-month to $2.3 million. The number of homes sold increased to 3 and the number of new listings decreased to 1. The number of condo & townhouses sales was static month-over-month at $0, with 0 units sold and 0 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
1 New Listings 0 Months of Inventory $2.3M Median Sale Price 95.2% Median Sale vs List 52 Avg Days on Market 3 Sold Listings SFH Single Family Homes
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2022. Each Office is independently owned and operated.
0 New Listings 0 Months of Inventory $0 Median Sale Price 0% Median Sale vs List 0 Avg Days on Market 0 Sold Listings CONDO Condo & Townhomes
y y
The median sales price increased from $2 1m in August 2021 to $2 3m in August 2022
Overbids
The overbid percentage decreased from 106 8% last August 2021 to 95 2% a year later
The average days on market increased from 7 day last August 2021 to 52 days by August 2022.
The overbid percentage decreased from 97 4% last August 2021 to 0% a year later
$3,000,000 $2,000,000 $1,000,000
Condos & Townhomes
The average days on market stays at 0 days for August 2021 and August 2022
Single Family Homes
Single Family Homes
Condos & Townhomes
Single Family Homes
AVGDays OntheMarket
$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 60 40 20 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median SalesPrice
$4,000,000
Condos & Townhomes
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
The median sales price decreased from $700k in August 2021 and $0 in August 2022
What's in the Playa Del Rey data?
In Playa Del Rey, the median sold price for single-family homes in August increased month-over-month to $2.2 million. The number of homes sold decreased to 2 and the number of new listings also decreased to 30. The number of condo & townhomes sales increased month-over-month to $762 thousand with 8 units sold and 28 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
Playa DelRey
28 New Listings 1.5 Months of Inventory $762K Median Sale Price 101.4% Median Sale vs List 50 Avg Days on Market 8 Sold Listings CONDO Condo & Townhomes
12
ngle
Family Homes
August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 50 40 30 20 10 0 ugust2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 PlayaDelRey AUGUST 2021 - AUGUST 2022 STINGS FOR SALE VS SOLD LISTINGS
ondos
st over
12 months, year
st months, year over year.
& Townhomes
year
$0 August2021September2021October2021November2021December2021
125 100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022
Condos & Townhomes
Median SalesPrice
The average days on market increased from 24 days in August 2021 to 50 days this year
The average days on market increased from 34 day last August 2021 to 73 days by August 2022
Overbids
The overbid percentage increased from 99 20% last August 2021 to 101 40% a year later
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
The median sales price increased from $724k in August 2021 and $762k in August 2022
$3,000,000 $2,000,000 $1,000,000 January2022February2022March2022April2022May2022June2022July2022August2022 July2022August2022
Single Family Homes
The overbid percentage increased from 93 10% last August 2021 to 103 40% a year later
125% 100% 75% 50% 25% 0%
Condos & Townhomes
AVGDays OntheMarket
Single Family Homes
Condos & Townhomes
The median sales price increased from $1 8m in August 2021 to $2 2m in August 2022
Single Family Homes
In Venice, the median sold price for single-family homes in August decreased month-over-month to $2 million. The number of homes sold decreased to 16 and the number of new listings also decreased to 116. The number of condo & townhomes sales increased month-over-month to $1.8 million with 8 units sold and 20 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
What's in the Venice data?
Venice
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2022. Each Office is independently owned and operated.
116 New Listings 3.3 Months of Inventory $2M Median Sale Price 96.5% Median Sale vs List 66 Avg Days on Market 16 Sold Listings SFH Single Family Homes
20 New Listings 16 Months of Inventory $1.8 Median Sale Price 100.8% Median Sale vs List 16 Avg Days on Market 8 Sold Listings CONDO Condo & Townhomes
amily
2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 GS FOR SALE VS SOLD LISTINGS enice AUGUST 2021 - AUGUST 2022
Homes months, year over year. & Townhomes months, year over year
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
AVGDays OntheMarket
The median sales price increased from $1m in August 2021 and $1 8m in August 2022
Condos & Townhomes
$3,000,000 $2,000,000 $1,000,000 SalesPrice
$4,000,000
The median sales price decreased from $2 3m in August 2021 to $2 in August 2022
The overbid percentage decreased from 97 80% last August 2021 to 96 50% a year later
$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median
Condos & Townhomes
The average days on market decreased from 72 days in August 2021 to 16 days this year
Single Family Homes
Single Family Homes
The average days on market increased from 40 days last August 2021 to 66 days by August 2022
Condos & Townhomes
Overbids
Single Family Homes
The overbid percentage slightly decreased from 101 60% last August 2021 to 100 80% a year later
What's in the West Hollywood
data? In West Hollywood, the median sold price for single-family homes in August increased month-over-month to $3 million. The number of homes sold decreased to 1, and the number of new listings increased to 50. The number of condo & townhomes sales has increased to $902 thousand monthover-month with 34 units sold and 163 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
West Hollywood
50 New Listings 9.8 Months of Inventory $3M Median Sale Price 94.6% Median Sale vs List 35 Avg Days on Market 1 Sold Listings SFH Single Family Homes
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2022. Each Office is independently owned and operated.
163 New Listings 4.1 Months of Inventory $902K Median Sale Price 97.3% Median Sale vs List 45 Avg Days on Market 34 Sold Listings CONDO Condo & Townhomes
Last 12 months, year over year.
Homes
August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 300 200 100 0 LISTINGS FOR SALE VS SOLD LISTINGS WestHollywood AUGUST 2021 - AUGUST 2022
Condos & Townhomes
Last 12 months, year over year
Single Family
The median sales price is has increased from $2 2m last August 2021 to $3m on August 2022
The average days on market last August 2021 is 31days up to 45 days in August 2022
Single Family Homes
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
AVGDays OntheMarket
$4,000,000
Single Family Homes
Condos & Townhomes
Single Family Homes
The overbid percentage has no changes from 97 30% last August 2021 to 97 30% a year later
The overbid percentage has decreased from 96 20% last August 2021 to 94 60% a year later
$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 125 100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median SalesPrice
$3,000,000 $2,000,000 $1,000,000
The median sales price has slightly increased from $840k last August 2021 to $902k on August 2022
The average days on market is from 118 days last August 2021 up to 35 days by August 2022
Condos & Townhomes
Overbids
Condos & Townhomes
Westwood
What's in the Westwood data?
In Westwood, the median sold price for single-family homes in August was static at $0 month-over-month. The number of homes sold and number of new listings was static at 0 units. The number of condo & townhomes sales was static at $0 month-over-month with 0 units sold and 9 new listings. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2022. Each Office is independently owned and operated.
Sold Listings
0 New Listings 0 Months of Inventory $0 Median Sale Price 0% Median Sale vs List 0 Avg Days on Market 0
Single Family Homes
SFH
9 New Listings 0 Months of Inventory $0 Median Sale Price 0% Median Sale vs List 0 Avg Days on Market 0 Sold Listings CONDO Condo & Townhomes
Single Family Homes
Condos & Townhomes
Last 12 months, year over year
LISTINGS FOR SALE VS SOLD LISTINGS
Last 12 months, year over year.
August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 3 2 1 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 10 75 5 25 0 Westwood
AUGUST 2021 - AUGUST 2022
$1,000,000 $500,000 $0
50 40 30 20 10 0 August2021September2021October2021November2021December2021
Condos & Townhomes
Single Family Homes
The average days on market last August 2021 is 0 days down to 0 days on August 2022
$1,500,000
Condos & Townhomes
100% 75% 50% 25% 0%
Median SalesPrice
The median sales price has increased from $610k last August 2021 to $0 on August 2022
Overbids
Condos & Townhomes
Single Family Homes
The overbid percentage has gone down from 98 40% last August 2021 to 0% a year later
The median sales price has no increased from $0 last August 2021 to $0 on August 2022
AVGDays OntheMarket
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 January2022February2022March2022April2022May2022June2022 July2022August2022
The average days on market is from 0 days last August 2021 to 0 days by August 2022
The overbid percentage is up to 0% last August 2021 which increases to 0% a year later
Single Family Homes
In Beverly Hills the median sold price for single-family homes in August increased month-over-month to $5.2 million. The number of homes sold decreased to 21, and the number of new listings decreased to 261. The number of condo & townhomes sales was static at $1.5 million month-over-month with 10 units sold and 60 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
Beverly Hills
What's in the Beverly Hills data?
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2022. Each Office is independently owned and operated.
261 New Listings 13.7 Months of Inventory $5.2M Median Sale Price 86% Median Sale vs List 48 Avg Days on Market 21 Sold Listings SFH Single Family Homes
60 New Listings 4.8 Months of Inventory $1.5M Median Sale Price 92.7% Median Sale vs List 69 Avg Days on Market 10 Sold Listings CONDO Condo & Townhomes
August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 400 300 200 100 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 100 75 50 25 0 LISTINGS FOR SALE VS SOLD LISTINGS BeverlyHills AUGUST 2021 - AUGUST 2022
Condos & Townhomes
Homes
Single Family
Last 12 months, year over year.
Last 12 months, year over year
Condos & Townhomes
September2021October2021November2021December2021January2022
100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022
125% 100% 75% 50% 25% 0% Median
Condos & Townhomes
Single Family Homes
The median sales price has increased from $4 2m last August 2021 to $5 2m on August 2022
$7,500,000 $5,000,000 $2,500,000
The average days on market last August 2021 is 54 days up to 69 days on August 2022
Single Family Homes
The average days on market is from 54 days last August 2021 down to 48 days by August 2022
Overbids
The overbid percentage has gone down from 95% last August 2021 to 92 70% a year later
AVGDays OntheMarket
Single Family Homes
$10,000,000
$0
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
The median sales price has increased from $1 4m last August 2021 to $1 5m on August 2022
The overbid percentage has decreased from 93 30% last August 2021 to 86% a year later
August2021 February2022March2022April2022May2022June2022July2022August2022 July2022August2022 SalesPrice
Condos & Townhomes
2701 Ocean Park Blvd #140, Santa Monica, CA 90405, United States KellerWilliamsSantaMonica 11812 San Vicente Blvd Ste 100, Los Angeles, CA 90049, United States KellerWilliamsBrentwood 444 Washington Blvd Marina Del Rey, CA 90292, United States KellerWilliamsMarinaDelRey : 845 Vía De La Paz, Pacific Palisades, CA 90272, United States KellerWilliamsPacificPalisades
