Christelle Masi - May 2024 Market Report | Southern California Area

Page 1

Copyright by KW Advisors 2024 May 2024

Southern California area

LosAngeles

Jump to Los Angeles Report

Jump to Santa Monica Report

Brentwood

Jump to Brentwood Report

MarinaDelRey

Jump to Marina Del Rey Report

ManhattanBeach

Jump to Manhattan Beach Report

Jump to Palos Verdes Report

SantaMonica PalosVerdes

ABOUT christelle

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

Each office is independently owned and operated.
CHRISTELLE MASI
UNFOLDS.” Realtor® DRE #01886311 (310)
Christelle@MasiRealty.com 11812 San Vicente Blvd #100, Los Angeles, CA 90049
PURSUED, AND YOUR LIFE
429 6861

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

"
"

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long-term business
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
I am dedicated to maintaining a
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

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 Angeles data?

There were 12,762 single-family homes for sale, providing 24 months of inventory

There were 4,499 new listings, and 2,958 homes sold at a median price of $983k. The median overbid percentage was at 99.1%, with an average of 29 days on the market.

There were 4,575 condo and townhome units for sale, providing 2.5 months of inventory. There were 1,539 new listings and 1,102 units sold at a median sale price of $710k. The median overbid percentage was at 99%, with an average of 35 days on the market.

le-Family Homes

4,499 New Listings

2,958 Sold Listings

2.4 Months of Inventory

$983K Median Sale Price

99.1%

Median Sale vs List

29 Avg Days on Market

urced from Broker Metrics, includes all single-family homes, condos mes in the California Area from April 2023 to April 2024 This may minary data, and may vary from the time the data was gathered All med reliable but not guaranteed DRE# 01499010 Copyright KW nta Monica | Brentwood | Marina Del Rey 2024 Each office is tly owned and operated

Condo & Townhomes

1,539

New Listings

1,102

Sold Listings

2.5

Months of Inventory

$710K

Median Sale Price 99%

Median Sale vs List 35 Avg Days on Market

CONDO

LosAngeles

APRIL 2023 - APRIL 2024 Single-Family Homes

12
year-over-year.
Last
months,
year-over-year 0 1,000 2000 3,000 4,000 5,000 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024
FOR SALE SOLD LISTINGS 0 2,000 4,000 6,000 8,000 10000 12000 14000 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024
Condos & Townhomes Last 12 months,
LISTINGS

Median SalesPrice

Single-Family Homes

The median sale price has increased from $880k last April 2023, to $983k as of April 2024

Condos & Townhomes

The median sale price has increased from $650k last April 2023, to $710k as of April 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 32 days last April 2023, to 29 days as of April 2024

Condos & Townhomes

The average time spent on the market went up from 34 days in April 2023, to 35 days as of April 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 981% last April 2023, to 991% a year later

Condos & Townhomes

The overbid percentage has increased from 98.1% last April 2023, to 99% a year later.

Back to Table of Contents $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024 0 10 20 30 40 50 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024 000% 2000% 4000% 6000% 8000% 10000% 12000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024Apr2024

Santa Monica

What's in the Santa Monica data?

There were 133 single-family homes for sale, providing 3.8 months of inventory. There were 28 new listings, and 14 homes sold at a median price of $3.5m. The median overbid percentage was at 1019%, with an average of 34 days on the market.

There were 157 condo and townhome units for sale, providing 2.5 months of inventory. There were 51 new listings and 36 units sold at a median sale price of $1.2m. The median overbid percentage was at 102.1%, with an average of 32 days on the market.

Single-Family Homes

28 New Listings

3.8 Months of Inventory

14 Sold Listings

$3.5M Median Sale Price

101.9%

Median Sale vs List

34 Avg Days on Market

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

51

New Listings

36 Sold Listings

2.5

Months of Inventory

$1.2M

Median Sale Price

102.1%

Median Sale vs List

32 Avg Days on Market

CONDO
Condo & Townhomes

ntaMonica

2023 - APRIL 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

0 50 100 150 200 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 0 50 100 150 200 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024
SOLD LISTINGS
LISTINGS FOR SALE

Median SalesPrice

Single-Family Homes

The median sale price has increased from $27m last April 2023, to $35m as of April 2024

Condos & Townhomes

The median sale price has decreased from $15m last April 2023, to $12m as of April 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 43 days last April 2023, to 34 days as of April 2024

Condos & Townhomes

The average time spent on the market went down from 53 days in April 2023, to 32 days as of April 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 998% last April 2023, to 1019% a year later

Condos & Townhomes

The overbid percentage has increased from 96.8% last April 2023, to 102.1% a year later.

Back to Table of Contents $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024 0 20 40 60 80 100 120 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024 000% 2000% 4000% 6000% 8000% 10000% 12000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024Apr2024

Brentwood

What's in the Brentwood data?

There were 140 single-family homes for sale, providing 67 months of inventory There were 28 new listings, and 14 homes sold at a median price of $2.5m. The median overbid percentage was at 99.5%, with an average of 34 days on the market.

There were 75 condo and townhome units for sale, providing 2.7 months of inventory. There were 37 new listings and 12 units sold at a median sale price of $1.2m. The median overbid percentage was at 99.5%, with an average of 23 days on the market.

Single-Family Homes

28 New Listings

6.7 Months of Inventory

14 Sold Listings

$2.5M Median Sale Price

99.5%

Median Sale vs List

34 Avg Days on Market

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

Condo & Townhomes

37

New Listings

12 Sold Listings

2.7

Months of Inventory

$1.2M

Median Sale Price 99.5%

Median Sale vs List

23 Avg Days on Market

CONDO

Brentwood

APRIL 2023 - APRIL 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

0 50 100 150 200 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 0 20 40 60 80 100 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $34m last April 2023, to $25m as of April 2024

Condos & Townhomes

The median sale price has increased from $1m last April 2023, to $12m as of April 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 34 days last April 2023, to 34 days as of April 2024

Condos & Townhomes

The average time spent on the market went down from 32 days in April 2023, to 23 days as of April 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 1007% last April 2023, to 995% a year later

Condos & Townhomes

The overbid percentage has increased from 96.4% last April 2023, to 99.5% a year later.

Back to Table of Contents $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024 0 10 20 30 40 50 60 70 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024 000% 2000% 4000% 6000% 8000% 10000% 12000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024Apr2024

Marina DelRey

What's in the Marina Del Rey data?

There were 19 single-family homes for sale, providing 5 months of inventory. There were 5 new listings, and 5 homes sold at a median price of $3.2m. The median overbid percentage was at 886%, with an average of 51 days on the market.

There were 103 condo and townhome units for sale, providing 6.2 months of inventory. There were 28 new listings and 13 units sold at a median sale price of $1.3m. The median overbid percentage was at 96.5%, with an average of 30 days on the market.

Single-Family Homes

5 New Listings

5 Months of Inventory

5 Sold Listings

$3.2M Median Sale Price

88.6%

Median Sale vs List

51 Avg Days on Market

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

SFH

Condo

& Townhomes

28

New Listings

13 Sold Listings

6.2

Months of Inventory

$1.3M

Median Sale Price 96.5%

Median Sale vs List

30 Avg Days on Market

CONDO

MarinaDelRey

APRIL 2023 - APRIL 2024

Single-Family Homes Last 12 months, year-over-year. Condos & Townhomes Last 12 months, year-over-year 0 5 10 15 20 25 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 0 20 40 60 80 100 120 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sale price has increased from $17m last April 2023, to $32m as of April 2024

Condos & Townhomes

The median sale price has increased from $11m last April 2023, to $13m as of April 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 80 days last April 2023, to 51 days as of April 2024

Condos & Townhomes

The average time spent on the market went up from 24 days in April 2023, to 30 days as of April 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 793% last April 2023, to 886% a year later

Condos & Townhomes

The overbid percentage has increased from 96.3% last April 2023, to 96.5% a year later.

Back to Table of Contents $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024 0 20 40 60 80 100 120 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024 000% 2000% 4000% 6000% 8000% 10000% 12000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024Apr2024

ManhattanBeach

What's in the Manhattan Beach data?

There were 94 single-family homes for sale, providing 31 months of inventory There were 21 new listings, and 18 homes sold at a median price of $3m. The median overbid percentage was at 101.3%, with an average of 52 days on the market.

There were 19 condo and townhome units for sale, providing 7 months of inventory. There were 4 new listings and 3 units sold at a median sale price of $1.8m. The median overbid percentage was at 98.9%, with an average of 84 days on the market.

Single-Family Homes

21 New Listings

3.1 Months of Inventory

18 Sold Listings

$3M Median Sale Price

101.3%

Median Sale vs List

52 Avg Days on Market

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

hattanBeach

023 - APRIL 2024

Family Homes

months, year-over-year. & Townhomes

months, year-over-year

023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 NGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $39m last April 2023, to $3m as of April 2024

Condos & Townhomes

The median sales price has increased from $14m last April 2023, to $18m as of April 2024

Single-Family Homes

The average time spent on the market went up from 29 days last April 2023, to 52 days as of April 2024

Condos & Townhomes

The average time spent on the market went up from 23 days in April 2023, to 84 days as of April 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 93.8% last April 2023, to 1013% a year later

Condos & Townhomes

The overbid percentage has decreased from 1045% last April 2023, to 98.9% a year later.

Back to Table of Contents $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024 0 20 40 60 80 100 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024 000% 2000% 4000% 6000% 8000% 10000% 12000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024Apr2024
AVGDays OntheMarket

PalosVerdes

What's in the Palos Verdes data?

There were 69 single-family homes for sale, providing 27 months of inventory There were 24 new listings, and 16 homes sold at a median price of $2.8m. The median overbid percentage was at 97.6%, with an average of 17 days on the market.

There were 4 condo and townhome units for sale, providing 2 months of inventory. There was 2 new listings and 0 units sold at a median sale price of $0. The median overbid percentage was at 0%, with an average of 20 days on the market.

24 New Listings

2.7 Months of Inventory

16 Sold Listings

$2.8M Median Sale Price

97.6%

Median Sale vs List

17 Avg Days on Market

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

Condo & Townhomes

2

New Listings

2 Months of Inventory

$0 Median Sale Price 0%

Median Sale vs List 0 Avg Days on Market 0 Sold Listings

CONDO

PalosVerdes

APRIL 2023 - APRIL 2024 Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

0 20 40 60 80 100 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 0 1 2 3 4 5 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $39m last April 2023, to $28m as of April 2024

Condos & Townhomes

The median sales price has decreased from $13m last April 2023, to $0 as of April 2024

Single-Family Homes

The average time spent on the market went down from 29 days last April 2023, to 17 days as of April 2024

Condos & Townhomes

The average time spent on the market went up from 0 days in April 2023, to 20 days as of April 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 101.3% last April 2023, to 976% a year later

Condos & Townhomes

The overbid percentage has decreased from 955% last April 2023, to 0% a year later.

Back to Table of Contents $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024 0 50 100 150 200 250 300 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024 000% 2000% 4000% 6000% 8000% 10000% 12000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024Apr2024
AVGDays OntheMarket
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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