Market Report
March 2023 Copyright by KW Advisors 2023
Southern California area
Los Angeles
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Santa Monica
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Brentwood
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Marina Del Rey
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Pacific Palisades
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Culver City
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Sherman Oaks
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Studio City
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Westlake Village
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Playa Del Rey
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Venice
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West Hollywood
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Beverly Hills
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Riverside County
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Encino
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San Diego County
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What’syourhome reallyworthintoday’s market?
That's really 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. At the end of the day, 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?
Icanhelp...
Contact me for a confidential, no obligation assessment of your home's value.
IsItReallyBetterToRent ThanToOwnaHomeRight Now?
You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on.
A lot of the time, these reports are assuming things that aren’t realistic for the average household. For example, the methodology behind one of those reports says that renting is the smarter financial option because of the opportunity to invest money elsewhere. It assumes renters take the money they’d spend on costs tied to buying a home and put it in an investment portfolio.
Los Angeles
What's in the Los Angeles data?
Currently, there are 11,320 single-family homes for sale, providing 2.5 months of inventory. In February, there were 2,932 new listings, and 2,059 homes sold at a median sale price of $855k. The median overbid percentage was 92.4%, with an average of 43 days on the market
For condos and townhomes, there are currently 3,698 units for sale in the market, providing 2.2 months of inventory. In February, there were 1,028 new listings, and 744 units sold at a median sale price of $631k. The median overbid percentage was 97%, with an average of 42 days on the market.
The inventory for both types of properties remains tight, providing an advantage for sellers in the market. However, the trend suggests that buyers are still willing to pay a premium for properties in Los Angeles County
SFH Single-Family Homes
2,932 New Listings
2,059 Sold Listings
2.5 Months of Inventory
$855K Median Sale Price
92.4% Median Sale vs List
43 Avg Days on Market
The data, sourced from Broker Metrics on March 3rd, includes all single-family homes, condos, and townhomes in the California Area from February 2022 to February 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
1,028 New Listings
744 Sold Listings
2.2 Months of Inventory
$631K Median Sale Price
97% Median Sale vs List
42 Avg Days on Market
Single-Family
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 25000 20000 15000 10000 5000 0 February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 7500 5000 2500 0 LosAngeles FEBRUARY 2022 - FEBRUARY 2023
Homes
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
The median sales price has decreased from $910k last February 2022, to $855k as of February 2023
The median sales price has decreased from $661k last February 2022, to $631k as of last February 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 101% last February 2022, to 92% Febuary 2023
Condos & Townhomes
The overbid percentage has decreased from 102% in Febuary 2022, to 97% in February 2023
Single-Family
The average time spent on market went up from 21 days last Febuary 2022, to 43 days as of February 2023
Condos
The average time spent on market went up from 23 days in February 2022, to 42 days as of February 2023.
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $1,000,000 $750,000 $500,000 $250,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 50 40 30 20 10 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
Condos & Townhomes
Single-Family Homes
AVGDays OntheMarket
& Townhomes
Homes
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Santa Monica
What's in the Santa Monica data?
Currently, there are 127 single-family homes for s providing 4.3 months of inventory; there were 28 new listings, and 15 homes sold at a median sale price of $8.6m. The median overbid percentage w 86.6%, with an average of 47 days on the market.
There are currently 119 condo and townhome un for sale, providing 3 2 months of inventory There were 28 new listings, and 24 condos sold at a median sale price of $1.3m. The median overbid percentage was 94.2%, with an average of 53 day on the market.
The market for both single-family homes and condos remains competitive, with all inventory remaining tight, providing an advantage for seller the market.
FH ngle-Family Homes
8 Listings
15 Sold Listings
.3 ths of Inventory
$8.6M Median Sale Price
6.6% an Sale vs List
47 Avg Days on Market
ta, sourced from Broker Metrics on March 3rd, includes all single-family homes, condos, and townhomes in the California Area from February 2022 to February 2023. may include preliminary data, and vary from the time the data was gathered. All deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood arina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
28 New Listings
24 Sold Listings
3.2 Months of Inventory
$1.3M Median Sale Price
94.2% Median Sale vs List
53 Avg Days on Market
Single-Family
Last 12 months, year-over-year.
Last 12 months, year-over-year
February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 200 150 100 50 0 February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 250 200 150 100 50 0 SantaMonica FEBRUARY 2022 - FEBRUARY 2023
Homes
Condos & Townhomes
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has increased from $3 5m last February 2022, to $8 6m as of February 2023
Condos
The median sales price has remained at $1 3m since last February 2022
Overbids
Single-Family Homes
The overbid percentage has decreased from 106% last February 2022, to 87% a year later
Condos & Townhomes
The overbid percentage has decreased from 101.8% last February 2022, to 94.2% a year later.
The average days on market went up from 42 days last February 2022, to 47 days as of February 2023
The average days on market went up from 20 days in February 2022, to 53 days as of February 2023.
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $10,000,000 $7,500,000 $5,000,000 $2,500,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 100 75 50 25 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
& Townhomes
AVGDays OntheMarket
Condos & Townhomes
Single-Family Homes
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Brentwood
What's in the Brentwood data?
There is currently a low inventory with only 72 single-family homes for sale, resulting in a seller's market There were 21 new listings and 8 homes sold with a median sale price of $724k. The median overbid percentage was 95.9%, with an average of 56 days on the market.
The condo market is very limited with only 5 units for sale, providing a similarly low inventory and resulting in a seller's market. In February, there was only 1 new listing for sale, and 1 condo sold with a median sale price of $1m. The median overbid percentage was 100.2%, with an average of 62 days on the market.
Overall, the real estate market for both single-family homes and condos is in favor of sellers due to limited inventory and high demand.
SFH Single-Family Homes
21 New Listings
8 Sold Listings
1.5 Months of Inventory
$724K Median Sale Price
95.9% Median Sale vs List
56 Avg Days on Market
The data, sourced from Broker Metrics on March 3rd, includes all single-family homes, condos, and townhomes in the California Area from February 2022 to February 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
1 New Listings
1 Sold Listings
1.5 Months of Inventory
$1M Median Sale Price
100.2% Median Sale vs List
62 Avg Days on Market
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 200 150 100 50 0 February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 8 6 4 2 0 Brentwood FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has decreased from $917k last February 2022, to $725k as of February 2023
Condos
The median sales price has increased from $942k last February 2022, to $1m as of February 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 102% last February 2022, to 96% a year later
Condos & Townhomes
The overbid percentage has decreased from 94% last February 2022, to 100% a year later
Single-Family Homes
The average time spent on market went up from 13 days last February 2022, to 56 days as of February 2023
The average time spent on market went up from 6 days in February 2022, to 62 days as of February 2023.
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 80 60 40 20 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
& Townhomes
AVGDays OntheMarket
Condos & Townhomes
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Marina DelRey
What's in the Marina Del Rey data?
There were 21 single-family homes for sale, providing the market with 5 months of inventory. In February, only 1 new listing was added to the market, and 1 home was sold, with a median sale price of $3.4m, median overbid percentage of 94 4%, and an average of 41 days on the market.
There were 78 condo and townhome units for sale, providing the market with 2 months of inventory. There were 29 new listings added, and 18 condos so with a median sale price of $1.4m. There was a median overbid percentage of 97.3%, with an averag of 40 days on the market
Overall, the Marina Del Rey real estate market seems to be thriving, with high demand for both single-family homes and condos.
CO Condo &
29 New Listings
2 Months of Inventory
97% Median Sale vs List
2 July2022August2022September2022October2022November2022December2022January2023February2023 2 July2022August2022September2022October2022November2022December2022January2023February2023
FEBRUARY 2022 - FEBRUARY 2023 over-year. s y over-year
aDelRey
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has increased from $2 2m last February 2022, to $3 4m as of February 2023
Condos
The median sales price has increased from $1 2m last February 2022, to $1 4m as of February 2023
Overbids
Single-Family Homes
The overbid percentage has slightlyincreased from 94 3% last February 2022, to 94 4% a year later
Condos & Townhomes
The overbid percentage has decreased from 99.8% last February 2022, to 97.3% a year later
The average days on market went up from 12 days last February 2022, to 41 days as of February 2023
Condos
The average days on market went up from 32 days in February 2022, to 40 days as of February 2023.
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $7,500,000 $5,000,000 $2,500,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 80 60 40 20 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
& Townhomes
AVGDays OntheMarket
Townhomes
&
Single-Family Homes
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12 New Listings
8 Months of Inventory
114.2% Median Sale vs List
CO Condo &
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has increased from $4 6m last February 2022, to $5 9m as of February 2023
Condos
The median sales price has increased from $1 5m last February 2022, to $1 8m as of February 2023
Overbids
Single-Family Homes
The overbid percentage has increased from 97 7% last February 2022, to 99 4% a year later
Condos & Townhomes
The overbid percentage has increased from 98.7% last February 2022, to 114.2% a year later
The average days on market went up from 40 days last February 2022, to 44 days as of February 2023
Condos
The average days on market went up from 28 days in February 2022, to 76 days as of February 2023.
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $6,000,000 $4,000,000 $2,000,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 80 60 40 20 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
& Townhomes
AVGDays OntheMarket
Townhomes
&
Single-Family Homes
Back to Table of Contents
Culver City
What's in the Culver City data?
In Culver City, there are currently 54 single-family homes for sale. The market still has a relatively low inventory with only 3.6 months of supply. In February, 12 new listings were added to the market and 12 homes were sold, with a median sale price of $1.6m. The median overbid percentage was 96.3%, with an average of 67 days on the market.
In the condo and townhome market, there are currently 32 units for sale, providing only 1.5 months of inventory. In February, 10 new listings were added and 12 condos were sold, with a median sale price of $638k. The median overbid percentage was 99.8% and an average of 40 days on the market.
Overall, the market seems to be in favor of sellers, with high demand and low inventory levels, resulting in higher sale prices and a competitive bidding environment.
SFH Single-Family Homes
12 New Listings
12 Sold Listings
3.6 Months of Inventory
$1.6M Median Sale Price
96.3% Median Sale vs List
67 Avg Days on Market
The data, sourced from Broker Metrics on March 3rd, includes all single-family homes, condos, and townhomes in the California Area from February 2022 to February 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.
Mo 9 M
022January2023February2023 2022January2023February2023 y y LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has slightly decreased from $1 7m last February 2022, to $1 6m as of February 2023
Condos & Townhomes
The median sales price has increased from $610k last February 2022, to $638k as of February 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 108 6% last February 2022, to 96 3% a year later
Condos & Townhomes
The overbid percentage has decreased from 110.7% last February 2022, to 99.8% a year later
The average days on market went up from 18 days last February 2022, to 67 days as of February 2023
The average days on market went up from 21 days in February 2022, to 40 days as of February 2023.
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 75 50 25 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
Condos & Townhomes
Single-Family Homes
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Sherman Oaks
What's in the Sherman Oaks data?
There are currently 148 single-family homes for sale, providing 2.5 months of inventory. There were 53 new listings, and a total of 30 homes sold with a median sale price of $1.6m. The median overbid percentage was 98.6%, with an average of 53 days on the market.
In the condo and townhome market, there are 119 condo units for sale, providing 1 8 months of inventory There were 16 new listings and a total of 24 condos sold, and a median sale price of $1.3m. The median overbid percentage was 98.6%, with an average of 53 days on the market.
The real estate market in Sherman Oaks is competitive with both single-family homes and condos showing an increase in median sale price and median overbid percentage compared to the previous month.
SFH Single-Family Homes
53 New Listings
30 Sold Listings
2.5 Months of Inventory
$1.6M Median Sale Price
98.6% Median Sale vs List
53 Avg Days on Market
The data, sourced from Broker Metrics on March 3rd, includes all single-family homes, condos, and townhomes in the California Area from February 2022 to February 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
16 New Listings
24 Sold Listings
1.8 Months of Inventory
$1.3M Median Sale Price
98.6% Median Sale vs List
53 Avg Days on Market
Last
Last 12 months,
February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 300 200 100 0 February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 250 200 150 100 50 0 ShermanOaks FEBRUARY 2022 - FEBRUARY 2023
Homes
Single-Family
year-over-year.
& Townhomes
12 months,
Condos
LISTINGS FOR SALE SOLD LISTINGS
year-over-year
Median SalesPrice
The median sales price has decreased from $1 9m last February 2022, to $1 6m as of February 2023
The median sales price has increased from $1 2m last February 2022, to $1 3m as of February 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 103 6% last February 2022, to 98 6% a year later
Condos & Townhomes
The overbid percentage has decreased from 103.6% last February 2022, to 98.6% a year later
The average days on market went up from 20 days last February 2022, to 53 days as of February 2023
Condos
The average days on market went up from 20 days in February 2022, to 23 days as of February 2023.
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 80 60 40 20 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
Townhomes
Condos &
Single-Family Homes
AVGDays OntheMarket
& Townhomes
Single-Family Homes
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StudioCit
What's in the Studio City da
There are 105 single-family homes for sale, providing 4.3 months of inventory. In Februa new listings came on the market and a tota homes were sold, with the median sale pric $3.2m. The median overbid percentage was with an average of 27 days on the market.
In the condo and townhome market, there a currently 27 units for sale, providing the ma 1.9 months of inventory. There were 11 new for sale and 4 condos sold, with a median s of $750k. The median overbid percentage w with an average of 19 days on the market.
The market seems to be performing well wi strong demand for both single-family home condos, especially for those that are priced competitively.
He-Family Homes
ngs
13 Sold Listings
3 f Inventory
$3.2M Median Sale Price
% ale vs List
27 Avg Days on Market
urced from Broker Metrics on March 3rd, includes all single-family homes, townhomes in the California Area from February 2022 to February 2023. include preliminary data, and vary from the time the data was gathered. All deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood Rey | Pacific Palisades 2023. Each Office is independently owned and
11 New Listings
4 Sold Listings
1.9 Months of Inventory
$750K Median Sale Price
98% Median Sale vs List
19 Avg Days on Market
CONDO Condo & Townhomes
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 200 150 100 50 0 February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 75 50 25 0 StudioCity FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has increased from $1 9m last February 2022, to $3 2m as of February 2023
Condos & Townhomes
The median sales price has decreased from $748k last February 2022, to $750k as of February 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 106 7% last February 2022, to 97% a year later
Condos & Townhomes
The overbid percentage has decreased from 107.4% last February 2022, to 98% a year later
Single-Family Homes
The average days on market went down from 29 days last February 2022, to 27 days as of February 2023
Condos & Townhomes
The average days on market went down from 20 days in February 2022, to 19 days as of February 2023.
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125 100 75 50 25 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
Back to Table of Contents
Westlake Village
What's in the Westlake Village data?
There are currently 111 single-family homes for sale providing 2.7 months of inventory. In February, there were 35 new listings and 15 homes sold, with a median sale price of $2 3m The median overbid percentage was 94.5%, with an average of 38 days on the market.
There are currently a total of 44 condo and townhome units for sale, providing only 1.2 months of inventory. In February, there were 12 new listings for sale and a total of 9 condos sold, with a median sale price of $825k The median overbid percentage was 94.6%, with an average of 61 days on the market.
SFH Single-Family Homes
35 New Listings
15 Sold Listings
2.7 Months of Inventory
$2.2M Median Sale Price
94.5% Median Sale vs List
38 Avg Days on Market
The data, sourced from Broker Metrics on March 3rd, includes all single-family homes, condos, and townhomes in the California Area from February 2022 to February 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.
Townhomes
12 New Listings
9 Sold Listings
1.2 Months of Inventory
$825K Median Sale Price
94.6% Median Sale vs List
61 Avg Days on Market
CONDO Condo &
Single-Family
Last 12 months,
Last 12 months, year-over-year
February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 200 150 100 50 0 February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 100 75 50 25 0 WestlakeVillage FEBRUARY 2022 - FEBRUARY 2023
Homes
year-over-year.
Condos & Townhomes
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
The median sales price has increased from $1 5m last February 2022, to $2 2m as of February 2023
Condos
The median sales price has increased from $792k last February 2022, to $825k as of February 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 99 8% last February 2022, to 94 5% a year later
Condos & Townhomes
The overbid percentage has decreased from 101.6% last February 2022, to 94.6% a year later
Single-Family
The average days on market went up from 37 days last February 2022, to 38 days as of February 2023
Condos
The average days on market went up from 30 days in February 2022, to 61 days as of February 2023.
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $3,000,000 $2,000,000 $1,000,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 100 75 50 25 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
& Townhomes
Single-Family Homes
AVGDays OntheMarket
& Townhomes
Homes
Back to Table of Contents
Playa DelRey
What's in the Playa Del Rey data?
In February, there were only 10 single-family homes for sale, providing a 9-month inventory. There were 2 new listings and 4 homes sold, with a median sale price of $5.5m. There was an average of 132 days on the market, and the median overbid percentage was 96.8%.
There are currently a total of 15 condo and townhome units for sale, providing the market with 0.8 months of inventory. There were 7 new listings for sale, and 4 condos sold with a median sale price of $749k. There was an average of 37 days spent on the market, and the median overbid percentage was 95.7%.
FH le-Family Homes
tings of Inventory
4 Sold Listings
$5.5M Median Sale Price
.8% Sale vs List
132 Avg Days on Market
urced from Broker Metrics on March 3rd, includes all single-family homes, townhomes in the California Area from February 2022 to February 2023. include preliminary data, and vary from the time the data was gathered. All deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood Del Rey | Pacific Palisades 2023. Each Office is independently owned and
CONDO
Condo & Townhomes
7 New Listings
4 Sold Listings
0.8 Months of Inventory
$749K Median Sale Price
95.7% Median Sale vs List
37 Avg Days on Market
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 40 30 20 10 0 February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 60 40 20 0
FEBRUARY 2022 - FEBRUARY 2023
PlayaDelRey
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has increased from $2 2m last February 2022, to $5 5m as of February 2023
Condos
The median sales price has decreased from $823k last February 2022, to $749k as of February 2023
Overbids
Single-Family Homes
The overbid percentage has slightlydecreased from 96 9% last February 2022, to 96 8% a year later
Condos & Townhomes
The overbid percentage has decreased from 100.5% last February 2022, to 95.7% a year later
The average days on market went up from 29 days last February 2022, to 132 days as of February 2023
Condos
The average days on market went up from 12 days in February 2022, to 37 days as of February 2023.
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $6,000,000 $4,000,000 $2,000,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 150 100 50 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
& Townhomes
AVGDays OntheMarket
& Townhomes
Single-Family Homes
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g
Msingle-family homes, February 2023. gathered. All to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood owned and
Mo 1 Me
2 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 22 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 ce FEBRUARY 2022 - FEBRUARY 2023 mes year-over-year. omes year-over-year
R SALE SOLD LISTINGS
Median SalesPrice
The median sales price has decreased from $2 4m last February 2022, to $2 5m as of February 2023
The median sales price has decreased from $1 5m last February 2022, to $1 9m as of February 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 95 20% last February 2022, to 93 3% a year later
Condos & Townhomes
The overbid percentage has decreased from 99.8% last February 2022, to 100% a year later
Single-Family
The average days on market went down from 31 days last February 2022, to 25 days as of February 2023
Condos
The average days on market went down from 41 days in February 2022, to 16 days as of February 2023.
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 75 50 25 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
Townhomes
Condos &
Single-Family Homes
AVGDays OntheMarket
& Townhomes
Homes
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West Hollywo
What's in the West Hol data?
In February, there were a total of 54 homes for sale, providing 3.9 mont There were 10 new listings and 7 h a median sale price of $2.6m. The percentage is 91.1%, with an avera the market
There are currently 135 condo and for sale, providing 3.1 months of in were 27 new listings and 20 condo median sale price of $1.1m and ov of 98.3%. There is an average of 54 market.
Overall, it seems that the market is strong demand for both single-fam condos. While the inventory for bot low, the seller's market trend is stil especially for condos.
es
7 d Listings
$2.6M dian Sale Price
41 Days on Market
3rd, includes all single-family homes, from February 2022 to February 2023. the time the data was gathered. All Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood Office is independently owned and operated.
Con
27 New Listings
3.1 Months of Inventory
98.3% Median Sale vs Lis
2022November2022December2022January2023February2023 er2022November2022December2022January2023February2023 wood , y y LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has decreased from $2 9m last February 2022, to $2 6m as of February 2023
Condos & Townhomes
The median sales price has increased from $970k last February 2022, to $1 1m as of February 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 92 4% last February 2022, to 91 1% a year later
Condos & Townhomes
The overbid percentage has increased from 95% last February 2022, to 98.3% a year later
Single-Family Homes
The average days on market went down from 76 days last February 2022, to 41 days as of February 2023
Condos & Townhomes
The average days on market went up from 41 days in February 2022, to 54 days as of February 2023.
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 80 60 40 20 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
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Beverly Hills
What's in the Beverly Hills data?
In February, there were 239 single-family homes for sale, providing an inventory of 9.9 months.There were 41 new listings, 9 homes sold and a median sale price of $8.8m. The median overbid percentage was 58.6%, with an average of 89 days on the market.
For condos and townhomes, there are currently 62 units for sale, providing the market with 5.5 months of inventory. There were 12 new listings and only 2 condos sold, with a median sale price of $1.8m. The median overbid percentage was 95.2%, with an average of 67 days on the market.
SFH Single-Family Homes
41 New Listings
9 Sold Listings
9.9 Months of Inventory
$8.8M Median Sale Price
58.6% Median Sale vs List
89 Avg Days on Market
The data, sourced from Broker Metrics on March 3rd, includes all single-family homes, condos, and townhomes in the California Area from February 2022 to February 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
12 New Listings
2 Sold Listings
5.5 Months of Inventory
$1.8M Median Sale Price
95.2% Median Sale vs List
67 Avg Days on Market
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 400 300 200 100 0 February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 75 50 25 0 BeverlyHills FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has increased from $5 9m last February 2022, to $8 8m as of February 2023
Condos & Townhomes
The median sales price has increased from $1 7m last February 2022, to $1 8m as of February 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 88 8% last February 2022, to 58 6% a year later
Condos & Townhomes
The overbid percentage has decreased from 97.6% last February 2022, to 95.2% a year later
Single-Family Homes
The average days on market went up from 60 days last February 2022, to 89 days as of February 2023
Condos & Townhomes
The average days on market went up from 40 days in February 2022, to 67 days as of February 2023.
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $12,500,000 $10,000,000 $7,500,000 $5,000,000 $2,500,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125 100 75 50 25 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
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Riversid County
What's in the Riverside C data?
In February, there were 8,502 single-family homes for sale, providing the market with only 2.4 months of inventory. There were 1,983 new listings and a total of 1,608 homes sold, with a median sale price of $590k. The median overbid percentage was 94.3%, with an average of 54 days on the market.
For condos and townhomes, there are currently a total of 1,547 units for sale, providing the market with 2.5 months of inventory. There were 379 new listings, and a total of 242 condos sold with a median sale price of $485k. The median overbid percentage was 94.9%, with an average of 48 days on the market.
Overall, the real estate market in Riverside County is competitive, with low inventory and high demand leading to a strong seller’s market for both single-family homes and condos.
l2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 il2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 ersideCounty FEBRUARY 2022 - FEBRUARY 2023 ly Homes nths, year-over-year. ownhomes nths, year-over-year
FOR SALE SOLD LISTINGS
S
Median SalesPrice
Single-Family Homes
The median sales price has decreased from $597k last February 2022, to $590k as of February 2023
Condos & Townhomes
The median sales price has increased from $439k last February 2022, to $485k as of February 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 100 9% last February 2022, to 94 3% a year later
Condos & Townhomes
The overbid percentage has decreased from 102% last February 2022, to 94.9% a year later
Single-Family Homes
The average days on market went up from 24 days last February 2022, to 54 days as of February 2023
Condos & Townhomes
The average days on market went up from 24 days in February 2022, to 48 days as of February 2023.
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $750,000 $500,000 $250,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 60 40 20 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
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Encino
What's in the Encino data?
In February, there were 25 homes sold, with 51 new listings added to the market and a median sale price of $3.3m. There was an average of 51 days on the market and the median overbid percentage was 90.5% The market has a total of 181 single-family homes for sale, providing 3.9 months of inventory.
There were a total of 61 condo and townhome units for sale, with 19 new listings.12 condo units were sold with a median sale price of $500k The median overbid percentage was 95.9%, with an average of 24 days on the market. The condo market only has 1.4 months of inventory, which means it is currently a seller's market.
SFH Single-Family Homes
51 New Listings
25 Sold Listings
3.9 Months of Inventory
$3.3M Median Sale Price
90.5% Median Sale vs List
51 Avg Days on Market
The data, sourced from Broker Metrics on March 3rd, includes all single-family homes, condos, and townhomes in the California Area from February 2022 to February 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.
New
Months of Inventory
Median Sale Price 95.9% Median Sale vs List 24 Avg Days on Market
Sold
Condo & Townhomes
19
Listings 1.4
$500K
12
Listings CONDO
Single-Family
Last 12 months, year-over-year.
Condos
Last 12 months, year-over-year
February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 250 200 150 100 50 0 February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125 100 75 50 25 0 Encino FEBRUARY 2022 - FEBRUARY 2023
Homes
& Townhomes
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has increased from $2 3m last February 2022, to $3 3m as of February 2023
Condos & Townhomes
The median sales price has increased from $499k last February 2022, to $500k as of February 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 104 6% last February 2022, to 90 5% a year later
Condos & Townhomes
The overbid percentage has decreased from 105.5% last February 2022, to 95.5% a year later
Single-Family Homes
The average days on market went up from 23 days last February 2022, to 51 days as of February 2023
Condos
The average days on market went up from 17 days in February 2022, to 24 days as of February 2023.
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 60 40 20 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
& Townhomes
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SanDiego County
What's in the San Diego County data?
In February, there were 1,242 new listings, indicating that the market is still active and there is still interest from sellers. There was a total of 1,046 homes sold with a median sale price of $949k. The median overbid percentage was 95.1%, with an average of 33 days on the market
There were 619 new listings in the condos and townhomes market. There were a total of 1,989 units for sale, providing the market with 1.6 months of inventory. There were 522 condos sold with a median sale price of $650k. The median overbid percentage for was 97.9%, indicating that buyers are still willing to pay significantly above asking prices to secure a unit. The average amount of time spent on the market was 33 days.
Overall, the San Diego County real estate market is still showing strong demand from buyers, especially for condos and townhomes.
uly2022August2022September2022October2022November2022December2022January2023February2023 July2022August2022September2022October2022November2022December2022January2023February2023 egoCounty FEBRUARY 2022 - FEBRUARY 2023 er-year. er-year E SOLD LISTINGS
Median SalesPrice
The median sales price has slightly increased from $945k last February 2022, to $949k as of February 2023
Condos
The median sales price has increased from $610k last February 2022, to $650k as of February 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 103 4% last February 2022, to 95 1% a year later
Condos
The overbid percentage has decreased from 104.4% last February 2022, to 97.9% a year later
Single-Family
The average days on market went up from 15 days last February 2022, to 33 days as of February 2023
Condos
The average days on market went up from 11 days in February 2022, to 29 days as of February 2023.
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $1,000,000 $750,000 $500,000 $250,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 40 30 20 10 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
& Townhomes
Single-Family Homes
OntheMarket
AVGDays
& Townhomes
Homes
& Townhomes
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