Angela Justice - February 2024 Market Report | Southern California Area

February 2024

Copyright by KW Advisors 2024

Southern California area Los Angeles

Culver City

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Santa Monica

Sherman Oaks

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Brentwood

Studio City

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Marina Del Rey

Westlake Village

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Pacific Palisades

Playa Del Rey

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Venice

San Diego County

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West Hollywood

Inglewood

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Beverly Hills

Orange County

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Jump to Orange County Report

Riverside County Jump to Riverside County Report

Encino Jump to Encino Report

What’s your home really worth in today’s market?

That's the question you should be asking yourself.

Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

I can help...

Contact me for a confidential, no obligation assessment of your home's value.

Why Having Your Own Agent Matters When Buying a New Construction Home

Finding the right home is one of the biggest challenges for potential buyers today. Right now, the supply of homes for sale is still low. But there is a bright spot. Newly built homes make up a larger percent of the total homes available for sale than normal.

That’s why, if you’re craving more options, it makes sense to see if a newly built home is right for you.

But it’s important to remember the process of working with a builder is different than buying from a homeowner. And, while builders typically have sales agents on-site, having your own agent helps make sure you have proper representation throughout your homebuying journey. As Realtor.com says: “Keep in mind that the on-site agent you meet at a new-construction office works for the builder. So, as the homebuyer, it’s a smart idea to bring in your own agent, as well, to help you negotiate and stay protected in the transaction.”

Here’s how having your own agent is key when you build or buy a new construction home.

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WHAT ARE PREPAID COSTS WHEN BUYING A HOME?

Embarking on the journey of homeownership brings both excitement and unexpected costs. Closing fees, down payments, and more can catch you off guard.

American Home Shield is here to break down the upfront expenses and help you navigate the homebuying process confidently.

What are prepaid costs when buying a home?

Unraveling the mystery of prepaid costs in home buying! These serve as a safety net for lenders, covering taxes, interest, and insurance. Here's a breakdown:

1 2

3

4

Prepaid interest on a mortgage: Pay interest from closing to month-end. Opt for a month-end closing to minimize this cost.

Prepaid property taxes at closing: Sellers settle their owed taxes at closing, and you prepay from your escrow account.

Prepaid homeowners insurance at closing: Cover one year in advance, ensuring your lender that potential damages will be addressed.

Initial escrow payment at closing: Acts as a deposit (earnest money) for future insurance or tax payments, showing commitment to the purchase.

While it might seem complex, prepaid costs are expenses you'd pay anyhow. They ease the burden on buyers by handling crucial payments, streamlining the process and leaving you with fewer tasks on your homeowner checklist

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Looking to lighten the mood in your laundry room?

EIGHT EYECATCHING Laundry Room Colors To Look Out For

These refreshing colors make the wash-and-dry chore a little more pleasant.

Eight Colrs fo Laundry Tranquil Blue View it here

Sage Green View it here

Create a tranquil laundry space with Benjamin Moore's Beach Glass. Its light blue

shade, coupled with a subtle gray undertone, offers a clean and versatile aesthetic that avoids any baby nursery associations.

Transform your space with earthy tones like October Mist and Gloucester Sage from Benjamin Moore. Test out the trendy sage in your laundry room for a low-

commitment update—easy to change and customize, ensuring lasting satisfaction with your design choice.

White

Create an elegant laundry room with Chantilly Lace by Benjamin Moore. The classic

Yellow

Elevate your laundry space with the energizing touch of yellow. Behr's Roasted Corn

View it here

View it here

Gray

View it here

Dusty Pink View it here

Navy Blue View it here

Purple

View it here

white choice adds sophistication, opens up the space, and simplifies stain detection.

or Upbeat bring warmth and optimism, while Pearly White offers a mellow option—a yellow-based white that brings a perfect harmony of vibrancy and calmness.

Gray remains a top choice for laundry room walls, providing a timeless and serene

backdrop. A soft gray for a whisper of sophistication, easily personalized with printed patterned tile flooring or Behr's bold 2024 Color of the Year, Cracked Pepper.

Sherwin-Williams' Rosebud for a touch of romance in laundry rooms. The dusty pink hue, paired with gold accents, adds a luxurious and warm atmosphere.

Navy as the key to a striking laundry room. Beyond lighter blues, navy paired with

lighter accents or white fixtures, especially Benjamin Moore's Hale Navy, creates a bold choice that makes the laundry room stand out.

Dare to take a style risk in your laundry room with a pop of color. Opt for the subtle smoky lavender of Farrow & Ball's Peignoir for a neutral touch or go all-out glam

with Backdrop's dark and vampy McQueen, drawing inspiration from the famous fashion designer.

Want to know how Home Concierge can help with your listing?

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Source : https://www.familyhandyman.com/list/laundry-room-colors/

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Residential

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VENDOR DIRECTORY When it comes to homeownership, knowing who you can trust is crucial.

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Los Angeles What's in the Los Angeles data?

There were 11,009 single-family homes for sale, providing 2.7 months of inventory. There were 3,581 new listings, and 2,044 homes sold at a median price of $899k. The median overbid percentage was at 95.6%, with an average of 38 days on the market.

There were 4,004 condo and townhome units for sale, providing 2.6 months of inventory. There were 1,372 new listings and 703 units sold at a median sale price of $650k. The median overbid percentage was at 96.9%, with an average of 44 days on the market.

SFH

Single-Family Homes

3,581

2,044

New Listings

Sold Listings

2.7

$899K

Months of Inventory

Median Sale Price

95.6%

38

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

1,372

703

New Listings

Sold Listings

2.6

$650K

Months of Inventory

Median Sale Price

96.9%

44

Median Sale vs List

Avg Days on Market

Los Angeles JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

14,000 12,000 10,000 8,000 6,000 4,000 2,000 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

5,000

4,000

3,000

2,000

1,000

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$1,000,000

$800,000

Single-Family Homes

$600,000

The median sales price has increased from $842k last January 2023, to $899k as of January 2024.

$400,000

$200,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has increased from $625k last January 2023, to $650k as of January 2024.

AVG Days On the Market

50

40

Single-Family Homes

30

The average time spent on the market went down from 46 days last January 2023, to 38 days as of January 2024.

20

10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 96.4% last January 2023, to 96.9% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 93.8% last January 2023, to 95.6% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went down from 46 days in January 2023, to 44 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Santa Monica What's in the Santa Monica data?

There were 116 single-family homes for sale, providing 6.9 months of inventory. There were 25 new listings, and 15 homes sold at a median price of $3m. The median overbid percentage was at 96.6%, with an average of 33 days on the market.

There were 145 condo and townhome units for sale, providing 3.6 months of inventory. There were 50 new listings and 19 units sold at a median sale price of $1.3m. The median overbid percentage was at 93.8%, with an average of 97 days on the market.

SFH

Single-Family Homes

25

15

New Listings

Sold Listings

6.9

$3M

Months of Inventory

Median Sale Price

96.6%

33

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

50

19

New Listings

Sold Listings

3.6

$1.3M

Months of Inventory

Median Sale Price

93.8%

97

Median Sale vs List

Avg Days on Market

Santa Monica JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

200

150

100

50

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

200

150

100

50

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$10,000,000

$8,000,000

Single-Family Homes

$6,000,000

The median sales price has decreased from $3.1m last January 2023, to $3m as of January 2024.

$4,000,000

$2,000,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has increased from $1.1m last January 2023, to $1.3m as of January 2024.

AVG Days On the Market

100

80

Single-Family Homes

60

The average time spent on the market went down from 82 days last January 2023, to 33 days as of January 2024.

40

20

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 93.6% last January 2023, to 93.8% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 95.1% last January 2023, to 96.6% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 43 days in January 2023, to 97 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Brentwood What's in the Brentwood data?

There were 114 single-family homes for sale, providing 7.1 months of inventory. There were 39 new listings, and 8 homes sold at a median price of $4.5m. The median overbid percentage was at 98.4%, with an average of 40 days on the market.

There were 70 condo and townhome units for sale, providing 3.3 months of inventory. There were 23 new listings and 6 units sold at a median sale price of $1.1m. The median overbid percentage was at 91.8%, with an average of 66 days on the market.

SFH

Single-Family Homes

39

8

New Listings

Sold Listings

7.1

$4.5M

Months of Inventory

Median Sale Price

98.4%

40

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

23

6

New Listings

Sold Listings

3.3

$1.1M

Months of Inventory

Median Sale Price

91.8%

66

Median Sale vs List

Avg Days on Market

Brentwood JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

200

150

100

50

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

100

80

60

40

20

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$7,000,000 $6,000,000 $5,000,000

Single-Family Homes

$4,000,000

The median sales price has increased from $3.6m last January 2023, to $4.5m as of January 2024.

$3,000,000 $2,000,000 $1,000,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has increased from $885k last January 2023, to $1.1m as of January 2024.

AVG Days On the Market

70 60 50

Single-Family Homes

40

The average time spent on the market went down from 41 days last January 2023, to 40 days as of January 2024.

30 20 10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has decreased from 99.4% last January 2023, to 91.8% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 88.9% last January 2023, to 98.4% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 47 days in January 2023, to 66 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Marina Del Rey What's in the Marina Del Rey data?

There were 20 single-family homes for sale, providing 3.8 months of inventory. There were 4 new listings, and 0 homes sold at a median price of $0. The median overbid percentage was at 0%, with an average of 62 days on the market.

There were 87 condo and townhome units for sale, providing 3.8 months of inventory. There were 24 new listings and 13 units sold at a median sale price of $1.2m. The median overbid percentage was at 94.7%, with an average of 44 days on the market.

SFH

Single-Family Homes

4

0

New Listings

Sold Listings

3.8

$0

Months of Inventory

Median Sale Price

0%

62

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

24

13

New Listings

Sold Listings

3.8

$1.2M

Months of Inventory

Median Sale Price

94.7%

44

Median Sale vs List

Avg Days on Market

Marina Del Rey JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

25

20

15

10

5

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

120 100 80 60 40 20 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$10,000,000

$8,000,000

Single-Family Homes

$6,000,000

The median sales price has decreased from $8.1m last January 2023, to $0 as of January 2024.

$4,000,000

$2,000,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

Ap r2 02 3 M ay 20 23 Ju n 20 23

M ar 20 23

Fe b

20 23

20 23

$0

Ja n

The median sales price has increased from $1.20m last January 2023, to $1.23m as of January 2024.

AVG Days On the Market

120 100 80

Single-Family Homes The average time spent on the market went up from 0 days last January 2023, to 62 days as of January 2024.

60 40 20

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 93.5% last January 2023, to 94.7% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has decreased from 88.9% last January 2023, to 0% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 31 days in January 2023, to 44 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Pacific Palisades What's in the Pacific Palisades data?

There were 113 single-family homes for sale, providing 6.8 months of inventory. There were 37 new listings, and 11 homes sold at a median price of $4.3m. The median overbid percentage was at 85.4%, with an average of 30 days on the market.

There were 20 condo and townhome units for sale, providing 2.8 months of inventory. There were 9 new listings and 4 units sold at a median sale price of $1.1m. The median overbid percentage was at 91.4%, with an average of 24 days on the market.

SFH

Single-Family Homes

37

11

New Listings

Sold Listings

6.8

$4.3M

Months of Inventory

Median Sale Price

85.4%

30

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

9

4

New Listings

Sold Listings

2.8

$1.1M

Months of Inventory

Median Sale Price

91.4%

24

Median Sale vs List

Avg Days on Market

Pacific Palisades JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

200

150

100

50

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

50

40

30

20

10

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$7,000,000 $6,000,000 $5,000,000

Single-Family Homes

$4,000,000

The median sales price has increased from $2.8m last January 2023, to $4.3m as of January 2024.

$3,000,000 $2,000,000 $1,000,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has decreased from $2.7m last January 2023, to $1.1m as of January 2024.

AVG Days On the Market

100

80

Single-Family Homes

60

The average time spent on the market went up from 26 days last January 2023, to 30 days as of January 2024.

40

20

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has decreased from 97.7% last January 2023, to 91.4% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has decreased from 96.6% last January 2023, to 85.4% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 10 days in January 2023, to 24 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Culver City What's in the Culver City data?

There were 61 single-family homes for sale, providing 4 months of inventory. There were 21 new listings, and 6 homes sold at a median price of $1.8m. The median overbid percentage was at 97.4%, with an average of 34 days on the market.

There were 45 condo and townhome units for sale, providing 1.8 months of inventory. There were 15 new listings and 8 units sold at a median sale price of $645k. The median overbid percentage was at 95.6%, with an average of 52 days on the market.

SFH

Single-Family Homes

21

6

New Listings

Sold Listings

4

$1.8M

Months of Inventory

Median Sale Price

97.4%

34

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

15

8

New Listings

Sold Listings

1.8

$645K

Months of Inventory

Median Sale Price

95.6%

52

Median Sale vs List

Avg Days on Market

Culver City JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

100

80

60

40

20

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

50

40

30

20

10

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$2,000,000

$1,500,000

Single-Family Homes The median sales price has increased from $1.4m last January 2023, to $1.8m as of January 2024.

$1,000,000

$500,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has increased from $626k last January 2023, to $645k as of January 2024.

AVG Days On the Market

70 60 50

Single-Family Homes

40

The average time spent on the market stayed the same from 34 days last January 2023, to 34 days as of January 2024.

30 20 10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has decreased from 96.3% last January 2023, to 95.6% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 90% last January 2023, to 97.4% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 13 days in January 2023, to 52 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Sherman Oaks What's in the Sherman Oaks data?

There were 160 single-family homes for sale, providing 2.7 months of inventory. There were 46 new listings, and 20 homes sold at a median price of $1.3m. The median overbid percentage was at 98.7%, with an average of 61 days on the market.

There were 49 condo and townhome units for sale, providing 2.7 months of inventory. There were 17 new listings and 7 units sold at a median sale price of $720k. The median overbid percentage was at 97.1%, with an average of 66 days on the market.

SFH

Single-Family Homes

46

20

New Listings

Sold Listings

2.7

$1.3M

Months of Inventory

Median Sale Price

98.7%

61

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

17

7

New Listings

Sold Listings

2.7

$720K

Months of Inventory

Median Sale Price

97.1%

66

Median Sale vs List

Avg Days on Market

Sherman Oaks JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

200

150

100

50

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

60 50 40 30 20 10 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$2,500,000

$2,000,000

Single-Family Homes

$1,500,000

The median sales price has decreased from $1.7m last January 2023, to $1.3m as of January 2024.

$1,000,000

$500,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has decreased from $799k last January 2023, to $720k as of January 2024.

AVG Days On the Market

70 60 50

Single-Family Homes

40

The average time spent on the market went up from 30 days last January 2023, to 61 days as of January 2024.

30 20 10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 96.7% last January 2023, to 97.1% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 92.2% last January 2023, to 98.7% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 42 days in January 2023, to 66 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Studio City What's in the Studio City data?

There were 124 single-family homes for sale, providing 4.8 months of inventory. There were 40 new listings, and 16 homes sold at a median price of $1.8m. The median overbid percentage was at 95.3%, with an average of 41 days on the market.

There were 40 condo and townhome units for sale, providing 2.3 months of inventory. There were 22 new listings and 6 units sold at a median sale price of $702k. The median overbid percentage was at 100.9%, with an average of 23 days on the market.

SFH

Single-Family Homes

40

16

New Listings

Sold Listings

4.8

$1.8M

Months of Inventory

Median Sale Price

95.3%

41

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

22

6

New Listings

Sold Listings

2.3

$702k

Months of Inventory

Median Sale Price

100.9%

23

Median Sale vs List

Avg Days on Market

Studio City JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

140 120 100 80 60 40 20 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

50

40

30

20

10

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$3,500,000 $3,000,000 $2,500,000

Single-Family Homes

$2,000,000

The median sales price has increased from $1.6m last January 2023, to $1.8m as of January 2024.

$1,500,000 $1,000,000 $500,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has decreased from $758k last January 2023, to $702k as of January 2024.

AVG Days On the Market

120 100 80

Single-Family Homes The average time spent on the market went up from 28 days last January 2023, to 41 days as of January 2024.

60 40 20

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 95.8% last January 2023, to 100.9% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has decreased from 102.8% last January 2023, to 95.3% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went down from 115 days in January 2023, to 23 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Westlake Village What's in the Westlake Village data?

There were 97 single-family homes for sale, providing 2.8 months of inventory. There were 32 new listings, and 25 homes sold at a median price of $1.5m. The median overbid percentage was at 97%, with an average of 37 days on the market.

There were 41 condo and townhome units for sale, providing 1.3 months of inventory. There were 14 new listings and 12 units sold at a median sale price of $785k. The median overbid percentage was at 97.7%, with an average of 42 days on the market.

SFH

Single-Family Homes

32

25

New Listings

Sold Listings

2.8

$1.5M

Months of Inventory

Median Sale Price

97%

37

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

14

12

New Listings

Sold Listings

1.3

$785K

Months of Inventory

Median Sale Price

97.7%

42

Median Sale vs List

Avg Days on Market

Westlake Village JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

140 120 100 80 60 40 20 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

60 50 40 30 20 10 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$2,500,000

$2,000,000

Single-Family Homes

$1,500,000

The median sales price has increased from $1.2m last January 2023, to $1.5m as of January 2024.

$1,000,000

$500,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has decreased from $799k last January 2023, to $785k as of January 2024.

AVG Days On the Market

100

80

Single-Family Homes

60

The average time spent on the market went down from 48 days last January 2023, to 37 days as of January 2024.

40

20

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has decreased from 97.9% last January 2023, to 97.7% a year later.

40%

20 23

Condos & Townhomes

60%

Fe b

The overbid percentage has increased from 95.5% last January 2023, to 97% a year later.

80%

20 23

Single-Family Homes

The average time spent on the market went down from 94 days in January 2023, to 42 days. as of January 2024.

100%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Playa Del Rey What's in the Playa Del Rey data?

There were 18 single-family homes for sale, providing 2 months of inventory. There were 5 new listings, and 1 home sold at a median price of $2m. The median overbid percentage was at 111.1%, with an average of 66 days on the market.

There were 28 condo and townhome units for sale, providing 2.2 months of inventory. There were 9 new listings and 3 units sold at a median sale price of $830k. The median overbid percentage was at 99.3%, with an average of 36 days on the market.

SFH

Single-Family Homes

5

1

New Listings

Sold Listing

2

$2M

Months of Inventory

Median Sale Price

111.1% 66 Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

9

3

New Listings

Sold Listings

2.2

$830K

Months of Inventory

Median Sale Price

99.3%

36

Median Sale vs List

Avg Days on Market

Playa Del Rey JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

25

20

15

10

5

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

40

30

20

10

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$3,500,000 $3,000,000 $2,500,000

Single-Family Homes

$2,000,000

The median sales price has increased from $1.6m last January 2023, to $2m as of January 2024.

$1,500,000 $1,000,000 $500,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has increased from $765k last January 2023, to $830k as of January 2024.

AVG Days On the Market

250

200

Single-Family Homes

150

The average time spent on the market went down from 79 days last January 2023, to 66 days as of January 2024.

100

50

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 98.3% last January 2023, to 99.3% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 96.4% last January 2023, to 111.1% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went down from 52 days in January 2023, to 36 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Venice What's in the Venice data?

There were 129 single-family homes for sale, providing 6.3 months of inventory. There were 39 new listings, and 11 homes sold at a median price of $2.4m. The median overbid percentage was at 85.5%, with an average of 40 days on the market.

There were 18 condo and townhome units for sale, providing 6.5 months of inventory. There were 5 new listings and 4 units sold at a median sale price of $1.4m. The median overbid percentage was at 98.4%, with an average of 30 days on the market.

SFH

Single-Family Homes

39

11

New Listings

Sold Listings

6.3

$2.4M

Months of Inventory

Median Sale Price

85.5%

40

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

5

4

New Listings

Sold Listings

6.5

$1.4M

Months of Inventory

Median Sale Price

98.4%

30

Median Sale vs List

Avg Days on Market

Venice L I S T INGS FOR S A L E

S O L D LISTINGS

200

150

100

50

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

25

20

15

10

5

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$3,500,000 $3,000,000 $2,500,000

Single-Family Homes

$2,000,000

The median sales price has increased from $1.9m last January 2023, to $2.4m as of January 2024.

$1,500,000 $1,000,000 $500,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has decreased from $1.5m last January 2023, to $1.4m as of January 2024.

AVG Days On the Market

100.

80.

Single-Family Homes

60.

The average time spent on the market went down from 42 days last January 2023, to 40 days as of January 2024.

40.

20.

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 95.6% last January 2023, to 98.4% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has decreased from 89.5% last January 2023, to 85.5% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went down from 42 days in January 2023, to 30 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0.

West Hollywood What's in the West Hollywood data?

There were 53 single-family homes for sale, providing 13.3 months of inventory. There were 10 new listings, and 1 home sold at a median price of $1.3m. The median overbid percentage was at 93.2%, with an average of 33 days on the market.

There were 170 condo and townhome units for sale, providing 6.5 months of inventory. There were 48 new listings and 18 units sold at a median sale price of $862k. The median overbid percentage was at 94.3%, with an average of 54 days on the market.

SFH

Single-Family Homes

10

1

New Listings

Sold Listing

13.3

$1.3M

Months of Inventory

Median Sale Price

93.2%

33

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

48

18

New Listings

Sold Listings

6.5

$862K

Months of Inventory

Median Sale Price

94.3%

54

Median Sale vs List

Avg Days on Market

West Hollywood JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

60 50 40 30 20 10 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

200

150

100

50

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$3,000,000 $2,500,000 $2,000,000

Single-Family Homes The median sales price has decreased from $1.8m last January 2023, to $1.3m as of January 2024.

$1,500,000 $1,000,000 $500,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has decreased from $1.3m last January 2023, to $862k as of January 2024.

AVG Days On the Market

140 120 100

Single-Family Homes

80

The average time spent on the market went down from 77 days last January 2023, to 33 days as of January 2024.

60 40 20

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has decreased from 99.4% last January 2023, to 94.3% a year later.

40%

20 23

Condos & Townhomes

60%

Fe b

The overbid percentage has remained the same at 93.2% last January 2023, to 93.2% a year later.

80%

20 23

Single-Family Homes

The average time spent on the market went up from 21 days in January 2023, to 54 days. as of January 2024.

100%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Beverly Hills What's in the Beverly Hills data?

There were 259 single-family homes for sale, providing 10.4 months of inventory. There were 62 new listings, and 16 homes sold at a median price of $7m. The median overbid percentage was at 85.9%, with an average of 38 days on the market.

There were 70 condo and townhome units for sale, providing 19.3 months of inventory. There were 13 new listings and 8 units sold at a median sale price of $1.4m. The median overbid percentage was at 94.3%, with an average of 123 days on the market.

SFH

Single-Family Homes

62

16

New Listings

Sold Listings

10.4

$7M

Months of Inventory

Median Sale Price

85.9%

38

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

13

8

New Listings

Sold Listings

19.3

$1.4M

Months of Inventory

Median Sale Price

94.3%

123

Median Sale vs List

Avg Days on Market

Beverly Hills JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

300 250 200 150 100 50 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

100

80

60

40

20

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$10,000,000

$8,000,000

Single-Family Homes

$6,000,000

The median sales price has increased from $4.7m last January 2023, to $7m as of January 2024.

$4,000,000

$2,000,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has decreased from $3.2m last January 2023, to $1.4m as of January 2024.

AVG Days On the Market

140.

120.

100.

Single-Family Homes

80.

The average time spent on the market remained the same at 38 days last January 2023, to 38 days as of January 2024.

60.

40.

20.

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has decreased from 96.5% last January 2023, to 94.3% a year later.

40%

20 23

Condos & Townhomes

60%

Fe b

The overbid percentage has decreased from 93.7% last January 2023, to 85.9% a year later.

80%

20 23

Single-Family Homes

The average time spent on the market went up from 47 days in January 2023, to 123 days. as of January 2024.

100%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0.

Riverside County What's in the Riverside County data?

There were 8,003 single-family homes for sale, providing 2.6 months of inventory. There were 2,355 new listings, and 1,366 homes sold at a median price of $599k. The median overbid percentage was at 96.4%, with an average of 48 days on the market.

There were 1,740 condo and townhome units for sale, providing 3.2 months of inventory. There were 499 new listings and 234 units sold at a median sale price of $469k. The median overbid percentage was at 95.6%, with an average of 52 days on the market.

SFH

Single-Family Homes

2,355

1,366

New Listings

Sold Listings

2.6

$599K

Months of Inventory

Median Sale Price

96.4%

48

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

499

234

New Listings

Sold Listings

3.2

$469K

Months of Inventory

Median Sale Price

95.6%

52

Median Sale vs List

Avg Days on Market

Riverside County JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

10,000

8,000

6,000

4,000

2,000

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

2,000

1,500

1,000

500

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$700,000 $600,000 $500,000

Single-Family Homes

$400,000

The median sales price has increased from $560k last January 2023, to $599k as of January 2024.

$300,000 $200,000 $100,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has increased from $417k last January 2023, to $469k as of January 2024.

AVG Days On the Market

60 50 40

Single-Family Homes The average time spent on the market went down from 58 days last January 2023, to 48 days as of January 2024.

30 20 10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 95.5% last January 2023, to 95.6% a year later.

40%

20 23

Condos & Townhomes

60%

Fe b

The overbid percentage has increased from 94.2% last January 2023, to 96.4% a year later.

80%

20 23

Single-Family Homes

The average time spent on the market went up from 48 days in January 2023, to 52 days. as of January 2024.

100%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Encino What's in the Encino data?

There were 176 single-family homes for sale, providing 5.3 months of inventory. There were 68 new listings, and 16 homes sold at a median price of $2.3m. The median overbid percentage was at 93.1%, with an average of 46 days on the market.

There were 46 condo and townhome units for sale, providing 1.9 months of inventory. There were 17 new listings and 9 units sold at a median sale price of $575k. The median overbid percentage was at 94%, with an average of 52 days on the market.

SFH

Single-Family Homes

68

16

New Listings

Sold Listings

5.3

$2.3M

Months of Inventory

Median Sale Price

93.1%

46

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

17

9

New Listings

Sold Listings

1.9

$575K

Months of Inventory

Median Sale Price

94%

52

Median Sale vs List

Avg Days on Market

Encino JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

200

150

100

50

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

80

60

40

20

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$3,500,000 $3,000,000 $2,500,000

Single-Family Homes

$2,000,000

The median sales price has increased from $2.2m last January 2023, to $2.3m as of January 2024.

$1,500,000 $1,000,000 $500,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has increased from $562k last January 2023, to $575k as of January 2024.

AVG Days On the Market

60 50 40

Single-Family Homes The average time spent on the market went up from 36 days last January 2023, to 46 days as of January 2024.

30 20 10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 91.5% last January 2023, to 94% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has decreased from 93.2% last January 2023, to 93.1% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 43 days in January 2023, to 52 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

San Diego County What's in the San Diego County data?

There were 4,680 single-family homes for sale, providing 2.3 months of inventory. There were 1,566 new listings, and 932 homes sold at a median price of $955k. The median overbid percentage was at 96.9%, with an average of 31 days on the market.

There were 2,308 condo and townhome units for sale, providing 2.1 months of inventory. There were 879 new listings and 477 units sold at a median sale price of $640k. The median overbid percentage was at 97.7%, with an average of 27 days on the market.

SFH

Single-Family Homes

1,566

932

New Listings

Sold Listings

2.3

$955K

Months of Inventory

Median Sale Price

96.9%

31

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

879

477

New Listings

Sold Listings

2.1

$640K

Months of Inventory

Median Sale Price

97.7%

27

Median Sale vs List

Avg Days on Market

San Diego County JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

6,000 5,000 4,000 3,000 2,000 1,000 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

2,500

2,000

1,500

1,000

500

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$1,200,000 $1,000,000 $800,000

Single-Family Homes The median sales price has increased from $840k last January 2023, to $955k as of January 2024.

$600,000 $400,000 $200,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has increased from $585k last January 2023, to $640k as of January 2024.

AVG Days On the Market

40

30

Single-Family Homes The average time spent on the market went down from 40 days last January 2023, to 31 days as of January 2024.

20

10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 96.2% last January 2023, to 97.7% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 93.5% last January 2023, to 96.9% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went down from 34 days in January 2023, to 27 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Inglewood What's in the Inglewood data?

There were 76 single-family homes for sale, providing 2.7 months of inventory. There were 22 new listings, and 12 homes sold at a median price of $766k. The median overbid percentage was at 98.6%, with an average of 62 days on the market.

There were 43 condo and townhome units for sale, providing 1.9 months of inventory. There were 13 new listings and 8 units sold at a median sale price of $439k. The median overbid percentage was at 87.4%, with an average of 56 days on the market.

SFH

Single-Family Homes

22

12

New Listings

Sold Listings

2.7

$766K

Months of Inventory

Median Sale Price

98.6%

62

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

13

8

New Listings

Sold Listings

1.9

$439K

Months of Inventory

Median Sale Price

87.4%

56

Median Sale vs List

Avg Days on Market

Inglewood JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

100

80

60

40

20

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

60 50 40 30 20 10 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$1,000,000

$800,000

Single-Family Homes

$600,000

The median sales price has decreased from $815k last January 2023, to $766k as of January 2024.

$400,000

$200,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has decreased from $525k last January 2023, to $439k as of January 2024.

AVG Days On the Market

120 100 80

Single-Family Homes The average time spent on the market went up from 50 days last January 2023, to 62 days as of January 2024.

60 40 20

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has decreased from 95.4% last January 2023, to 87.4% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 95.3% last January 2023, to 98.6% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 32 days in January 2023, to 56 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Orange County What's in the Orange County data?

There were 2,956 single-family homes for sale, providing 1.8 months of inventory. There were 1,047 new listings, and 692 homes sold at a median price of $1.3m. The median overbid percentage was at 96.5%, with an average of 33 days on the market.

There were 1,500 condo and townhome units for sale, providing 1.5 months of inventory. There were 635 new listings and 425 units sold at a median sale price of $725k. The median overbid percentage was at 98.4%, with an average of 31 days on the market.

SFH

Single-Family Homes

1,047

692

New Listings

Sold Listings

1.8

$1.3M

Months of Inventory

Median Sale Price

96.5%

33

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

CONDO

Condo & Townhomes

635

425

New Listings

Sold Listings

1.5

$725K

Months of Inventory

Median Sale Price

98.4%

31

Median Sale vs List

Avg Days on Market

Orange County JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

5,000

4,000

3,000

2,000

1,000

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year.

2,500

2,000

1,500

1,000

500

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.

Median Sales Price

$1,400,000 $1,200,000 $1,000,000

Single-Family Homes

$800,000

The median sales price has increased from $1.1m last January 2023, to $1.3m as of January 2024.

$600,000 $400,000 $200,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has increased from $655k last January 2023, to $725k as of January 2024.

AVG Days On the Market

50

40

Single-Family Homes

30

The average time spent on the market went down from 47 days last January 2023, to 33 days as of January 2024.

20

10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 95.5% last January 2023, to 98.4% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 92.4% last January 2023, to 96.5% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went down from 45 days in January 2023, to 31 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Keller Williams Brentwood 11812 San Vicente Blvd Ste 100, Los Angeles, CA 90049, United States

Keller Williams Marina Del Rey 444 Washington Blvd Marina Del Rey, CA 90292, United States

Keller Williams Pacific Palisades 845 Vía De La Paz, Pacific Palisades, CA 90272, United States

Angela Justice Realtor ® DRE #0217737 (310) 978-7731 AngelaJusticellc@Yahoo.com www.AngelaJustice.Kw.com