Christelle Masi - April 2024 Market Report | Southern California Area

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Copyright by KW Advisors 2024 April 2024

Southern California area

LosAngeles

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SantaMonica

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Brentwood

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MarinaDelRey

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ManhattanBeach

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PalosVerdes

Jump to Palos Verdes Report

She is knowledgeable, professional, and friendly and guides her buyers/sellers through the negotiation and escrow process. She diligently knows the market and finds the perfect properties for her clients, providing superior expertise along the way.

Efficiently negotiating against multiple offers Christelle gets offers accepted. Every client is treated as a top priority when they hire Christelle to be their Realtor.

“YOUR
Each office is independently owned and operated.
CHRISTELLE MASI
ABOUT christelle
Realtor® DRE #01886311 (310) 429 6861 Christelle@MasiRealty.com 11812 San Vicente Blvd #100, Los Angeles, CA 90049
HOME IS MORE THAN JUST A PLACE TO LIVE - IT'S WHERE MEMORIES ARE MADE, DREAMS ARE PURSUED, AND YOUR LIFE UNFOLDS.”

Client Testimonials

"

Christelle was awesome and I would 100% recommend her for residences in West LA. She recently helped me purchase a townhouse / condo in Santa Monica. As a first time buyer, there was a lot that I did not know, and she did a really great job answering all my questions and being my advocate through the negotiations and escrow process. She was also able to recommend other great professionals (lenders, inspectors, etc.) that all made the process run smoothly.

-

"

We've used Christelle twice now, in purchasing our first home then selling same and purchasing a new property She was instrumental in every aspect, selecting relevant properties, providing guidance on marketing strategy and managing offers. After we'd had offers accepted she put us in contact with extremely knowledgeable mortgage brokers, etc to close the deals 10/10 would recommend her to family and friends in a heartbeat

- Sarah and Tom Johnson

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I am dedicated to maintaining a long-term business relationship with you, as evidenced by my past work Please contact me when you're ready to move forward with your next purchase or sale, and let's discuss how to make it happen Schedule

Let’s Talk DRE #01886311 (310) 429 6861 Christelle@MasiRealty.com Let’s Meet 11812 San Vicente Blvd #100, Los Angeles, CA 90049
A Meeting Work with Christelle Masi

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

That's really the question you should be asking yourself

Our market is in rapidly changin neighborhood, b isn't necessarily neighbors’ hom it’s the current m of your home.

So, do you know in today's marke

I can help...

Contact me for assessment of y

CHRISTELLE M

Realtor®

DRE #01886311

(310) 429 6861

Christelle@Mas

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 newconstruction 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

LosAngeles

What's in the Los A

There were 11,717 single-fam providing 2.2 months of inve 3,602 new listings, and 2,684 median price of $955k. The m percentage was at 98.5%, wi days on the market.

There were 4,429 condo and sale, providing 2 2 months of were 1,356 new listings and 1 median sale price of $698k. T percentage was at 98.8%, wi days on the market.

5K Price 84 s Market

single-family homes, condos and 2024. This may include gathered. All data is deemed Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

RUARY 2023 - FEBRUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

sAngeles
0 2,000 4,000 6,000 8000 10000 12000 14000 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 0 1000 2,000 3000 4,000 5000 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024
LISTINGS FOR SALE SOLD LISTINGS

The median sale price has increased from $885k last March 2023, to $955k as of March 2024

The median sale price has increased from $655k last March 2023, to $698k as of March 2024

The overbid percentage has increased from 95 7% last March 2023, to 98 5% a year later

The overbid percentage has increased from 97.3% last March 2023, to 98.8% a year later.

The average time spent on the market went down from 37 days last March 2023, to 32 days as of March 2024

The average time spent on the market went down from 37 days in March 2023, to 36 days as of March 2024.

Back to Table of Contents
&
Single-Family Homes
& Townhomes Single-Family Homes
Condos & Townhomes Single-Family Homes $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024 0 10 20 30 40 50 Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024
Median SalesPrice Condos
Townhomes
Overbids Condos
AVGDays OntheMarket
000% 2000% 4000% 6000% 8000% 10000% 12000% Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024

SantaMonic

What's in the Sant data?

There were 128 single-family providing 6 months of invent new listings, and 8 homes so of $3.6m. The median overbi 94 4%, with an average of 61

There were 147 condo and to sale, providing 2.5 months of were 41 new listings and 26 sale price of $1.3m. The med percentage was at 98.9%, wi days on the market.

26 New Listings

6 Months of Inventory

94.4% Median Sale vs List

8 Sold Listings

$3.6M Median Sale Price

61 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from March 2023 to March 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 41 New Listings 2.5 Months of Inventory $1.3M Median Sale Price 98.9% Median Sale vs List 38 Avg Days on Market 26 Sold Listings

FEBRUARY 2023 - FEBRUARY 2024

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

SantaMonica
0 50 100 150 200 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 0 50 100 150 200 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024

The median sale price has decreased from $3 7m last March 2023, to

6m as of March 2024

The median sale price has increased from $1 35m last March 2023, to $1 38m as of March 2024

The overbid percentage has decreased from 95 5% last March 2023, to 94 4% a year later

The overbid percentage has increased from 98.6% last March 2023, to 98.9% a year later.

The average time spent on the market went up from 24 days last March 2023, to 61 days as of March 2024

The average time spent on the market went down from 45 days in March 2023, to 38 days as of March 2024.

Back to Table of Contents
Condos & Townhomes Single-Family Homes
Condos & Townhomes Single-Family Homes
Condos & Townhomes Single-Family Homes $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024 0 20 40 60 80 100 120 Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 000% 2000% 4000% 6000% 8000% 10000% 12000% Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024
Median SalesPrice
Overbids
AVGDays OntheMarket
$3

Brentwood

What's in the Brentwood data?

There were 141 single-family homes for sale, providing 5.8 months of inventory. There were 41 new listings, and 20 homes sold at a median price of $3.5m. The median overbid percentage was at 98.7%, with an average of 28 days on the market.

There were 52 condo and townhome units for sale, providing 3 months of inventory. There were 14 new listings and 17 units sold at a median sale price of $1.3m. The median overbid percentage was at 98.2%, with an average of 47 days on the market.

SFH Single-Family Homes

41 New Listings

20 Sold Listings

5.8 Months of Inventory

$3.5M Median Sale Price

98.7% Median Sale vs List

28 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from March 2023 to March 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 & Tow 14 New Listings 3 Months of Inventory $1.3M Median Sale Price 98.2% Median Sale vs List 47 Avg Days on Market 17 Sold Listings

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

024
0 50 100 150 200 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 0 20 40 60 80 100 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024
LISTINGS FOR SALE SOLD LISTINGS

The median sale price has decreased from $6 5m last March 2023, to $3 5m as of March 2024

The median sale price has increased from $1 2m last March 2023, to $1 3m as of March 2024

The overbid percentage has increased from 92 9% last March 2023, to 98 7% a year later

The overbid percentage has increased from 95.8% last March 2023, to 98.2% a year later.

The average time spent on the market remained the same from 28 days last March 2023, to 28 days as of March 2024

The average time spent on the market went up from 38 days in March 2023, to 47 days as of March 2024.

Back to Table of Contents
Condos & Townhomes Single-Family Homes
Condos & Townhomes Single-Family Homes
Condos & Townhomes Single-Family Homes $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024 0 10 20 30 40 50 60 70 Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024
Median SalesPrice
Overbids
AVGDays OntheMarket
000% 2000% 4000% 6000% 8000% 10000% 12000% Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024

MarinaDelRey

What's in the Marina Del Rey data?

There were 19 single-family homes for sale, providing 3.5 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 113 days on the market

There were 103 condo and townhome units for sale, providing 3.5 months of inventory. There were 31 new listings and 19 units sold at a median sale price of $1.1m. The median overbid percentage was at 92.7%, with an average of 54 days on the market.

4 New Listings

0 Sold Listings

3.5 Months of Inventory

$0 Median Sale Price

0% Median Sale vs List

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from March 2023 to March 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.

SFH Single-Family Homes
113 Avg Days on Market
CONDO Condo & Townhomes 31 New Listings 3.5 Months of Inventory $1.1M Median Sale Price 92.7% Median Sale vs List 54 Avg Days on Market 19 Sold Listings

FEBRUARY 2023 - FEBRUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

MarinaDelRey
0 5 10 15 20 25 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 0 20 40 60 80 100 120 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024
LISTINGS FOR SALE SOLD LISTINGS

The median sale price has decreased from $2 9m last March 2023, to

as of March 2024

The median sale price has decreased from $1 2m last March 2023, to $1 1m as of March 2024

The overbid percentage has decreased from 97 8% last March 2023, to 0% a year later

The overbid percentage has decreased from 100.8% last March 2023, to 92.7% a year later.

The average time spent on the market went up from 106 days last March 2023, to 113 days as of March 2024

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

Back to Table of Contents
Condos & Townhomes Single-Family Homes
Condos & Townhomes Single-Family Homes
Condos & Townhomes Single-Family Homes $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024 0 20 40 60 80 100 120 Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 000% 2000% 4000% 6000% 8000% 10000% 12000% Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024
Median SalesPrice
Overbids
AVGDays OntheMarket
Feb2024Mar2024
$0

ManhattanBeach

What's in the Manhattan Beach data?

There were 91 single-family homes for sale, providing 29 months of inventory There were 23 new listings, and 25 homes sold at a median price of $2.3m. The median overbid percentage was at 95.5%, with an average of 48 days on the market.

There were 22 condo and townhome units for sale, providing 2.3 months of inventory. There were 3 new listings and 4 units sold at a median sale price of $1.8m. The median overbid percentage was at 96.6%, with an average of 30 days on the market.

2.9 Months of Inventory

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from March 2023 to March 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 SFH

Single-Family Homes
23 New Listings
$2.3M Median Sale Price
95.5% Median Sale vs List 25 Sold Listings 48 Avg Days on Market
hattanBeach
Homes
023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024
RY 2023 - FEBRUARY 2024 Family
months, year-over-year. & Townhomes months, year-over-year
NGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $28m last February 2023, to $38m as of February 2024

Condos & Townhomes

The median sales price has increased from $31m last February 2023, to $18m as of February 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 48 days last February 2023, to 64 days as of February 2024

Condos & Townhomes

The average time spent on the market went up from 14 days in February 2023, to 30 days as of February 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 94.2% last February 2023, to 955% a year later

Condos & Townhomes

The overbid percentage has decreased from 1016% last February 2023, to 96.6% a year later.

Back to Table of Contents $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024 0 20 40 60 80 100 Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 000% 2000% 4000% 6000% 8000% 10000% 12000% Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024

PalosVerdes

What's in the Palos Verdes data?

There were 61 single-family homes for sale, providing 24 months of inventory There were 17 new listings, and 15 homes sold at a median price of $2.6m. The median overbid percentage was at 92.7%, with an average of 20 days on the market.

There were 4 condo and townhome units for sale, providing 2 months of inventory. There was 1 new listing and 2 units sold at a median sale price of $975k. The median overbid percentage was at 102.7%, with an average of 40 days on the market.

92.7%

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from March 2023 to March 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

SFH Single-Family Homes
New Listings
| Brentwood | Marina Del Rey 2024 Each office is independently owned and operated
17
2.4 Months of Inventory
Sale
$2.6M Median
Price
Median Sale vs List 15
20 Avg Days on Market
Sold Listings
CONDO Condo & Townhomes 1 New Listing 2 Months of Inventory $975K Median Sale Price 102.7% Median Sale vs List 40 Avg Days on Market 2 Sold Listings

FEBRUARY 2023 - FEBRUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

PalosVerdes
0 20 40 60 80 100 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 0 1 2 3 4 5 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024
LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $26m last February 2023, to $267m as of February 2024

Condos & Townhomes

The median sales price has decreased from $12m last February 2023, to $975k as of February 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 11 days last February 2023, to 20 days as of February 2024

Condos & Townhomes

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

Overbids

Single-Family Homes

The overbid percentage has increased from 88.6% last February 2023, to 927% a year later

Condos & Townhomes

The overbid percentage has increased from 1021% last February 2023, to 102.7% a year later.

Back to Table of Contents $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024 0 50 100 150 200 250 300 Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 000% 2000% 4000% 6000% 8000% 10000% 12000% Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024
11812 San Vicente Blvd Ste 100, Los Angeles, CA 90049, United States Keller Williams Brentwood Christelle Masi Realtor® DRE #01886311 (310) 429 6861 Christelle@MasiRealty.com

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