Market report for Souther California area September 2022

Page 14

Market Report for the Southern California area September 2022.

Copyright by KW Advisors 2022

MarketReport

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Brentwood Report Brentwood

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Los Angeles

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Beverly Hills

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Mar Vista

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Westwood

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West Hollywood

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Playa Del Rey

That’s really the question you should be asking Ouryourself.market is incredibly diverse and changes rapidly. Values vary not just by neighborhood, but by street. Your home isn't necessarily worth what your neighbors is. At the end of the day, the current market sets the value of your home.

What’syourhome reallyworthin today’smarket?

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

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

Icanhelp...

5. They Know How To Set the Right Price for Your House

3 They Understand the Fine Print

WhyaRealEstate ProfessionalIs KeyWhenSelling YourHouse

2. They Help Maximize Your Buyer Pool

With today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever They have the skills, experience, and expertise it takes to navigate the highly detailed and involved process of selling a home. This could be the reason the percentage of people who list their houses on their own, known as an FSBO, or For Sale By Owner, is at its lowest point since 1985

Here are five reasons why selling with a real estate professional makes more sense, even in today’s hot market:

4. They’re Trained Negotiators

1. They Know What Buyers Want To See

There’s a lot that goes into selling your house. Instead of tackling it alone, reach out to a trusted real estate advisor to make sure you have an expert on your side throughout the entire process. Read more here.

Los Angeles

What's in the Los Angeles data?

In Los Angeles, the median sold price for single-family homes in August remained the same month-over-month to $905 thousand. The number of homes sold decreased to 3,432, and the number of new listings decreased to 15,800. The number of condo & townhomes sales slightly increased to $657 thousand month-over-month with 1,224 units sold and 4,955 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. 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 2022. Each Office is independently owned and operated.

Avg Days on Market

15,800 New Listings 2.6 Months of Inventory $905K Median Sale Price 97.5% Median Sale vs List 32 3,432 Sold Listings SFH Single Family Homes

4,955 New Listings 2.3 Months of Inventory $657K Median Sale Price 98.4% Median Sale vs List 31 Avg Days on Market 1,224 Sold Listings CONDO Condo & Townhomes

AUGUST 2021 - AUGUST 2022 GS FOR SALE VS SOLD LISTINGS Family Homes 2 months, year over year. s & Townhomes 2 months, year over year

osAngeles

mber2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 mber2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022

Single Family Homes

Condos & Townhomes

The overbid percentage has gone down from 101% last August 2021 to 98.4 % a year later.

$1,000,000 $750,000 $500,000 $250,000 July2022August2022

Single Family Homes

Median SalesPrice

The average days on market last August 2021 is 25 days up to 31 days in August 2022

The average days on market is from 22 days last August 2021 up to 32 days by August 2022

$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 40 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022

The median sales price has slightly increased from $615k last August 2021 to $657k in August 2022.

125% 100% 75% 50% 25% 0%

Condos & Townhomes

Single Family Homes

AVGDays OntheMarket

Condos & Townhomes

The overbid percentage is down to 100.5% last August 2021 which decreased to 97.5 % a year later.

August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022

Overbids

The median sales price remained the same $905k from August 2021 to $905k in August 2022.

Santa Monica

What's in the Santa Monica data?

In Santa Monica, the median sold price for single-family homes in August decreased month-over-month to $3.4 million. The number of homes sold decreased to 24, and the number of new listings decreased to 128. The number of condo & townhomes sales slightly increased at $1.1 million month-over-month with 30 units sold and 179 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.

Sold Listings

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. 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 2022. Each Office is independently owned and operated.

Homes

Avg Days on Market

$3.4M Median Sale Price 25 24

179 New Listings 2.5 Months of Inventory $1.1M Median Sale Price 96.8% Median Sale vs List 35 Avg Days on Market 30 Sold Listings CONDO Condo & Townhomes

August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 200 150 100 50 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 400 300 200 100 0 SantaMonica AUGUST 2021 - AUGUST 2022 LISTINGS FOR SALE VS SOLD LISTINGS

Last 12 months, year over year

Condos & Townhomes

Single Family Homes

Last 12 months, year over year.

The average days on market last August 2021 is 34 days up to 35 days in August 2022.

Condos & Townhomes

AVGDays OntheMarket

The overbid percentage has gone down from 98.9% last August 2021 to 96.8% a year later.

$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 50 40 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022

$4,000,000 $2,000,000 July2022August2022

The overbid percentage is down to 99.6% last August 2021 which increases to 95.8% a year later.

$6,000,000

The median sales price is down to $3 4m from August 2021 to $3 4m in August 2022

Condos & Townhomes

Overbids

September2021October2021November2021

Single Family Homes

Single Family Homes

The median sales price has remained the same from $1.1m last August 2021 to $1.1m in August 2022.

Single Family Homes

The average days on the market is from 30 days last August 2021 to 25 days by August 2022

125% 100% 75% 50% 25% 0% Median SalesPrice

August2021 December2021January2022February2022March2022April2022May2022June2022July2022August2022

Condos & Townhomes

Brentwood

In Brentwood, the median sold price for single-family homes in August slightly increased month-over-month to $765 thousand. The number of homes sold decreased to 40, while the number of new listings in August 2022 was similar to last year at 124. The number of condo and townhome sales decreased month-over-month to $750 thousand, with 1 unit sold and 6 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.

What's in the Brentwood data?

Avg Days on Market

124 New Listings 1.3 Months of Inventory $765K Median Sale Price 93.4% Median Sale vs List 40 40 Sold Listings SFH Single Family Homes

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. 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 2022. Each Office is independently owned and operated.

6 New Listings 4 Months of Inventory $750K Median Sale Price 100.1% Median Sale vs List 4 Avg Days on Market 1 Sold Listings CONDO Condo & Townhomes

Single Family Homes

Last 12 months, year over year

Condos & Townhomes

August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 200 150 100 50 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 15 10 5 0 Brentwood AUGUST 2021 - AUGUST 2022 LISTINGS FOR SALE VS SOLD LISTINGS

Last 12 months, year over year.

August2021 December2021January2022February2022March2022April2022May2022June2022July2022August2022

AVGDays OntheMarket

Condos & Townhomes

The average days on market decreased from 20 days in August 2021 to 4 days this year

Single Family Homes

Single Family Homes

Overbids

Condos & Townhomes

$2,000,000

$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022

Single Family Homes

The overbid percentage decreased from 100 70% last August 2021 to 93 40% a year later

September2021October2021November2021

The median sales price decreased from $1 7m in August 2021 to $750k in August 2022

The average days on market increased from 17 day last August 2021 to 40 days by August 2022

Median SalesPrice

The median sales price increased from $762k in August 2021 to $765k in August 2022

Condos & Townhomes

The overbid percentage decreased from 101 50% last August 2021 to 100 10% a year later

125% 100% 75% 50% 25% 0%

$1,500,000 $1,000,000 $500,000 August2022

In Marina Del Rey, the median sold price for single-family homes in August decreased month-over-month to $0. The number of homes sold decreased to 0, and the number of new listings increased to 28. The number of condo & townhomes sales was static at $1.1 million month-overmonth with 16 units sold and 92 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.

Marina DelRey

What's in the Marina Del Rey data?

28 New Listings 25 Months of Inventory $0 Median Sale Price 0% Median Sale vs List 78 Avg Days on Market 0 Sold Listings SFH

Single Family Homes

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. 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 2022. Each Office is independently owned and operated.

92 New Listings 2.6 Months of Inventory $1.1M Median Sale Price 97.4% Median Sale vs List 50 Avg Days on Market 16 Sold Listings CONDO Condo & Townhomes

Single Family

August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 40 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 200 150 100 50 0 LISTINGS FOR SALE VS SOLD LISTINGS MarinaDelRey AUGUST 2021 - AUGUST 2022

Last 12 months, year over year

Homes

Last 12 months, year over year.

Condos & Townhomes

The average days on market last August 2021 is 36 days to 50 days in August 2022.

Single Family Homes

AVGDays OntheMarket

Single Family Homes

Condos & Townhomes

The median sales price has decreased from $2 4m last August 2021 to $0 in August 2022

The overbid percentage has decreased from 96 50% last August 2021 to 0% a year later

$4,000,000

The median sales price has slightly increased from $1 12m last August 2021 to $1 13m in August 2022

$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median

The overbid percentage has slightly decreased from 98 70% last August 2021 to 97 40% a year later

Overbids

Condos & Townhomes

Single Family Homes

The average days on market is from 26 days last August 2021 to 78 days by August 2022

August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022

Condos & Townhomes

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

In Pacific Palisades, the median sold price for single-family homes in August decreased month-over-month to $4 million. The number of homes sold decreased to 14, and the number of new listings decreased to 93. The number of condo & townhomes sales increased at $1.6 million month-overmonth with 12 units sold and 27 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.

Palisades data?

What's in the Pacific

Pacific Palisades

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. 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 2022. Each Office is independently owned and operated.

93 New Listings 3.6 Months of Inventory $4M Median Sale Price 105.4% Median Sale vs List 31 Avg Days on Market 14 Sold Listings SFH Single Family Homes

27 New Listings 3 Months of Inventory $1.6M Median Sale Price 100.9% Median Sale vs List 28 Avg Days on Market 12 Sold Listings CONDO Condo & Townhomes

Single

Last months, year over

year

& Townhomes

Last months, year over year.

Family Homes

12

12

Condos

August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 200 150 100 50 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 50 40 30 20 10 0 PacificPalisades AUGUST 2021 - AUGUST 2022 LISTINGS FOR SALE VS SOLD LISTINGS

September2021

Single Family Homes

The overbid percentage is up to 98% last August 2021 which increases to 105.4% a year later.

August2021 October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022

$6,000,000 $4,000,000 $2,000,000 January2022February2022March2022April2022May2022June2022July2022August2022 July2022August2022 SalesPrice

The average days on market is from 56 days last August 2021 down to 31 days by August 2022

The overbid percentage has gone up from 95.4% last August 2021 to 100.9% a year later.

The median sales price has slightly increased from $1 3m last August 2021 to $1 6m in August 2022

AVGDays OntheMarket

The average days on market last August 2021 is 22 days down to 28 days in August 2022

Condos & Townhomes

Overbids

The median sales price is down $4 1m from August 2021 to $4m in August 2022

$0 August2021September2021October2021November2021December2021

Condos & Townhomes

Condos & Townhomes

Single Family Homes

125% 100% 75% 50% 25% 0% Median

125 100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022

Single Family Homes

What's in the Culver City data?

Culver City

In Culver City, the median sold price for single-family homes in August decreased month-over-month to $1.5 million. The number of homes sold increased to 23, and the number of new listings decreased to 68. The number of condo & townhomes sales was static at $635 thousand month-overmonth with 17 units sold and 61 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. 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 2022. Each Office is independently owned and operated.

68 New Listings 3.1 Months of Inventory $1.5M Median Sale Price 100.5% Median Sale vs List 40 Avg Days on Market 23 Sold Listings SFH Single Family Homes

61 New Listings 1.6 Months of Inventory $635K Median Sale Price 100.2% Median Sale vs List 30 Avg Days on Market 17 Sold Listings CONDO Condo & Townhomes

Townhomes

Family Homes

Last 12 months, year over year.

Condos &

Last 12 months, year over year

August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 125 100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 125 100 75 50 25 0 CulverCity AUGUST 2021 - AUGUST 2022 LISTINGS FOR SALE VS SOLD LISTINGS

Single

Condos & Townhomes

Single Family Homes

The median sales price has slightly increased from $599k last August 2021 to $635k in August 2022

Single Family Homes

August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022

Single Family Homes

Condos & Townhomes

Overbids

$2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000

The average days on market is from 22 days last August 2021 to 40 days by August 2022

The overbid percentage has gone down from 100 8% last August 2021 to 100 2% a year later

AVGDays OntheMarket

The overbid percentage is down to 104% last August 2021 which slightly decreased to 100 5% a year later

The median sales price is the down from $1 8m on August 2021 to $1 5m on August 2022

The average days on market last August 2021 is 25 days up to 30 days in August 2022.

$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 40 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median SalesPrice

Condos & Townhomes

MarVista

What's in the Mar Vista data?

In Mar Vista, the median sold price for single-family homes in August increased month-over-month to $2.3 million. The number of homes sold increased to 3 and the number of new listings decreased to 1. The number of condo & townhouses sales was static month-over-month at $0, with 0 units sold and 0 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.

1 New Listings 0 Months of Inventory $2.3M Median Sale Price 95.2% Median Sale vs List 52 Avg Days on Market 3 Sold Listings SFH Single Family Homes

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. 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 2022. Each Office is independently owned and operated.

0 New Listings 0 Months of Inventory $0 Median Sale Price 0% Median Sale vs List 0 Avg Days on Market 0 Sold Listings CONDO Condo & Townhomes

y y

The median sales price increased from $2 1m in August 2021 to $2 3m in August 2022

Overbids

The overbid percentage decreased from 106 8% last August 2021 to 95 2% a year later

The average days on market increased from 7 day last August 2021 to 52 days by August 2022.

The overbid percentage decreased from 97 4% last August 2021 to 0% a year later

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

Condos & Townhomes

The average days on market stays at 0 days for August 2021 and August 2022

Single Family Homes

Single Family Homes

Condos & Townhomes

Single Family Homes

AVGDays OntheMarket

$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 60 40 20 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median SalesPrice

$4,000,000

Condos & Townhomes

August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022

The median sales price decreased from $700k in August 2021 and $0 in August 2022

What's in the Playa Del Rey data?

In Playa Del Rey, the median sold price for single-family homes in August increased month-over-month to $2.2 million. The number of homes sold decreased to 2 and the number of new listings also decreased to 30. The number of condo & townhomes sales increased month-over-month to $762 thousand with 8 units sold and 28 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.

Playa DelRey

28 New Listings 1.5 Months of Inventory $762K Median Sale Price 101.4% Median Sale vs List 50 Avg Days on Market 8 Sold Listings CONDO Condo & Townhomes

12

ngle

Family Homes

August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 50 40 30 20 10 0 ugust2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 PlayaDelRey AUGUST 2021 - AUGUST 2022 STINGS FOR SALE VS SOLD LISTINGS

ondos

st over

12 months, year

st months, year over year.

& Townhomes

year

$0 August2021September2021October2021November2021December2021

125 100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022

Condos & Townhomes

Median SalesPrice

The average days on market increased from 24 days in August 2021 to 50 days this year

The average days on market increased from 34 day last August 2021 to 73 days by August 2022

Overbids

The overbid percentage increased from 99 20% last August 2021 to 101 40% a year later

August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022

The median sales price increased from $724k in August 2021 and $762k in August 2022

$3,000,000 $2,000,000 $1,000,000 January2022February2022March2022April2022May2022June2022July2022August2022 July2022August2022

Single Family Homes

The overbid percentage increased from 93 10% last August 2021 to 103 40% a year later

125% 100% 75% 50% 25% 0%

Condos & Townhomes

AVGDays OntheMarket

Single Family Homes

Condos & Townhomes

The median sales price increased from $1 8m in August 2021 to $2 2m in August 2022

Single Family Homes

In Venice, the median sold price for single-family homes in August decreased month-over-month to $2 million. The number of homes sold decreased to 16 and the number of new listings also decreased to 116. The number of condo & townhomes sales increased month-over-month to $1.8 million with 8 units sold and 20 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.

What's in the Venice data?

Venice

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. 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 2022. Each Office is independently owned and operated.

116 New Listings 3.3 Months of Inventory $2M Median Sale Price 96.5% Median Sale vs List 66 Avg Days on Market 16 Sold Listings SFH Single Family Homes

20 New Listings 16 Months of Inventory $1.8 Median Sale Price 100.8% Median Sale vs List 16 Avg Days on Market 8 Sold Listings CONDO Condo & Townhomes

amily

2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 GS FOR SALE VS SOLD LISTINGS enice AUGUST 2021 - AUGUST 2022

Homes months, year over year. & Townhomes months, year over year

August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022

AVGDays OntheMarket

The median sales price increased from $1m in August 2021 and $1 8m in August 2022

Condos & Townhomes

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

$4,000,000

The median sales price decreased from $2 3m in August 2021 to $2 in August 2022

The overbid percentage decreased from 97 80% last August 2021 to 96 50% a year later

$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median

Condos & Townhomes

The average days on market decreased from 72 days in August 2021 to 16 days this year

Single Family Homes

Single Family Homes

The average days on market increased from 40 days last August 2021 to 66 days by August 2022

Condos & Townhomes

Overbids

Single Family Homes

The overbid percentage slightly decreased from 101 60% last August 2021 to 100 80% a year later

What's in the West Hollywood

data? In West Hollywood, the median sold price for single-family homes in August increased month-over-month to $3 million. The number of homes sold decreased to 1, and the number of new listings increased to 50. The number of condo & townhomes sales has increased to $902 thousand monthover-month with 34 units sold and 163 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.

West Hollywood

50 New Listings 9.8 Months of Inventory $3M Median Sale Price 94.6% Median Sale vs List 35 Avg Days on Market 1 Sold Listings SFH Single Family Homes

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. 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 2022. Each Office is independently owned and operated.

163 New Listings 4.1 Months of Inventory $902K Median Sale Price 97.3% Median Sale vs List 45 Avg Days on Market 34 Sold Listings CONDO Condo & Townhomes

Last 12 months, year over year.

Homes

August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 300 200 100 0 LISTINGS FOR SALE VS SOLD LISTINGS WestHollywood AUGUST 2021 - AUGUST 2022

Condos & Townhomes

Last 12 months, year over year

Single Family

The median sales price is has increased from $2 2m last August 2021 to $3m on August 2022

The average days on market last August 2021 is 31days up to 45 days in August 2022

Single Family Homes

August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022

AVGDays OntheMarket

$4,000,000

Single Family Homes

Condos & Townhomes

Single Family Homes

The overbid percentage has no changes from 97 30% last August 2021 to 97 30% a year later

The overbid percentage has decreased from 96 20% last August 2021 to 94 60% a year later

$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 125 100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median SalesPrice

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

The median sales price has slightly increased from $840k last August 2021 to $902k on August 2022

The average days on market is from 118 days last August 2021 up to 35 days by August 2022

Condos & Townhomes

Overbids

Condos & Townhomes

Westwood

What's in the Westwood data?

In Westwood, the median sold price for single-family homes in August was static at $0 month-over-month. The number of homes sold and number of new listings was static at 0 units. The number of condo & townhomes sales was static at $0 month-over-month with 0 units sold and 9 new listings. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. 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 2022. Each Office is independently owned and operated.

Sold Listings

0 New Listings 0 Months of Inventory $0 Median Sale Price 0% Median Sale vs List 0 Avg Days on Market 0

Single Family Homes

SFH

9 New Listings 0 Months of Inventory $0 Median Sale Price 0% Median Sale vs List 0 Avg Days on Market 0 Sold Listings CONDO Condo & Townhomes

Single Family Homes

Condos & Townhomes

Last 12 months, year over year

LISTINGS FOR SALE VS SOLD LISTINGS

Last 12 months, year over year.

August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 3 2 1 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 10 75 5 25 0 Westwood

AUGUST 2021 - AUGUST 2022

$1,000,000 $500,000 $0

50 40 30 20 10 0 August2021September2021October2021November2021December2021

Condos & Townhomes

Single Family Homes

The average days on market last August 2021 is 0 days down to 0 days on August 2022

$1,500,000

Condos & Townhomes

100% 75% 50% 25% 0%

Median SalesPrice

The median sales price has increased from $610k last August 2021 to $0 on August 2022

Overbids

Condos & Townhomes

Single Family Homes

The overbid percentage has gone down from 98 40% last August 2021 to 0% a year later

The median sales price has no increased from $0 last August 2021 to $0 on August 2022

AVGDays OntheMarket

August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022

August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 January2022February2022March2022April2022May2022June2022 July2022August2022

The average days on market is from 0 days last August 2021 to 0 days by August 2022

The overbid percentage is up to 0% last August 2021 which increases to 0% a year later

Single Family Homes

In Beverly Hills the median sold price for single-family homes in August increased month-over-month to $5.2 million. The number of homes sold decreased to 21, and the number of new listings decreased to 261. The number of condo & townhomes sales was static at $1.5 million month-over-month with 10 units sold and 60 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.

Beverly Hills

What's in the Beverly Hills data?

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from August 2021 to August 2022. 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 2022. Each Office is independently owned and operated.

261 New Listings 13.7 Months of Inventory $5.2M Median Sale Price 86% Median Sale vs List 48 Avg Days on Market 21 Sold Listings SFH Single Family Homes

60 New Listings 4.8 Months of Inventory $1.5M Median Sale Price 92.7% Median Sale vs List 69 Avg Days on Market 10 Sold Listings CONDO Condo & Townhomes

August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 400 300 200 100 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 100 75 50 25 0 LISTINGS FOR SALE VS SOLD LISTINGS BeverlyHills AUGUST 2021 - AUGUST 2022

Condos & Townhomes

Homes

Single Family

Last 12 months, year over year.

Last 12 months, year over year

Condos & Townhomes

September2021October2021November2021December2021January2022

100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022

125% 100% 75% 50% 25% 0% Median

Condos & Townhomes

Single Family Homes

The median sales price has increased from $4 2m last August 2021 to $5 2m on August 2022

$7,500,000 $5,000,000 $2,500,000

The average days on market last August 2021 is 54 days up to 69 days on August 2022

Single Family Homes

The average days on market is from 54 days last August 2021 down to 48 days by August 2022

Overbids

The overbid percentage has gone down from 95% last August 2021 to 92 70% a year later

AVGDays OntheMarket

Single Family Homes

$10,000,000

$0

August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022

The median sales price has increased from $1 4m last August 2021 to $1 5m on August 2022

The overbid percentage has decreased from 93 30% last August 2021 to 86% a year later

August2021 February2022March2022April2022May2022June2022July2022August2022 July2022August2022 SalesPrice

Condos & Townhomes

2701 Ocean Park Blvd #140, Santa Monica, CA 90405, United States KellerWilliamsSantaMonica 11812 San Vicente Blvd Ste 100, Los Angeles, CA 90049, United States KellerWilliamsBrentwood 444 Washington Blvd Marina Del Rey, CA 90292, United States KellerWilliamsMarinaDelRey : 845 Vía De La Paz, Pacific Palisades, CA 90272, United States KellerWilliamsPacificPalisades