Christelle Masi - March 2024 Market Report | Southern California Area by Procasa Technologies, Inc

Southern California area

LosAngeles

Jump to Los Angeles Report

SantaMonica

Jump to Santa Monica Report

Brentwood

Jump to Brentwood Report

MarinaDelRey

Jump to Marina Del Rey Report

ManhattanBeach

Jump to Manhattan Beach Report

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 HOME IS MORE THAN JUST A PLACE TO LIVE - IT'S WHERE MEMORIES ARE MADE, DREAMS ARE PURSUED, AND YOUR LIFE UNFOLDS.”

Each office is independently owned and operated.

christelle CHRISTELLE MASI

ABOUT

Realtor® DRE #01886311 (310) 429 6861 Christelle@MasiRealty.com 11812 San Vicente Blvd #100, Los Angeles, CA 90049

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.

- gpassani

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

My Mobile App

Curious about what’s trending in your neighborhood? Ready to make a move? Download our app for real estate insights, on demand.

Key Features

Work with an Agent

Custom Searches

Dynamic Map

Get Local

Anytime Access

Share Information

Download the Keller Williams Real Estate Mobile App for iPhone, iPad, and Android via the links below:

For more information, click here

to make it happen

am dedicated

long-term business relationship

you,

work

contact

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

to maintaining a

with

as evidenced by my past

Please

me when you're ready to move forward with your next purchase or sale, and let's discuss how

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

Contact me for assessment of y

Realtor®

DRE #01886311

(310) 429 6861

Christelle@Mas

can help...

CHRISTELLE

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 Angeles data?

There were 11,210 single-family homes for sale, providing 25 months of inventory

There were 3,303 new listings, and 2,230 homes sold at a median price of $950k. The median overbid percentage was at 97%, with an average of 33 days on the market.

There were 4,106 condo and townhome units for sale, providing 2.6 months of inventory. There were 1,253 new listings and 806 units sold at a median sale price of $658k. The median overbid percentage was at 98.2%, with an average of 37 days on the market.

3,303 New Listings

2,230 Sold Listings

2.5 Months of Inventory

$950K

Median Sale Price

97%

Median Sale vs List

33 Avg Days on Market

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

SFH Single-Family Homes

CONDO Condo & Townhomes

New Listings 2.6 Months of Inventory $658K Median Sale Price 98.2% Median Sale vs List 37 Avg Days on Market 806 Sold Listings

1,253

LosAngeles

FEBRUARY 2023 - FEBRUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 000 000 000 000 000 000 000 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 000 000 000 000 000 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $857k last February 2023, to $950k as of February 2024

Condos & Townhomes

The median sales price has increased from $633k last February 2023, to $658k as of February 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 41 days last February 2023, to 33 days as of February 2024

Condos & Townhomes

The average time spent on the market went down from 41 days in February 2023, to 37 days as of February 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 92.5% last February 2023, to 97% a year later

Condos & Townhomes

The overbid percentage has increased from 969% last February 2023, to 98.2% a year later.

Back to Table of Contents Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 0 10 20 30 40 50 Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 000% 2000% 4000% 6000% 8000% 10000% 12000%

SantaMonica

What's in the Santa Monica data?

There were 116 single-family homes for sale, providing 196 months of inventory There were 26 new listings, and 10 homes sold at a median price of $2.7m. The median overbid percentage was at 101%, with an average of 26 days on the market.

There were 148 condo and townhome units for sale, providing 4.2 months of inventory. There were 42 new listings and 17 units sold at a median sale price of $1m. The median overbid percentage was at 98.9%, with an average of 29 days on the market.

26 New Listings

19.6 Months of Inventory $2.7M

Median Sale Price

101% Median Sale vs List

10 Sold Listings 26 Avg Days on Market

SFH Single-Family Homes

CONDO Condo & Townhomes 42 New Listings 4.2 Months of Inventory $1M Median Sale Price 98.9% Median Sale vs List 29 Avg Days on Market 17 Sold Listings