Stephanie Toth - March 2024 Market Report Southern California Area by Procasa Technologies, Inc

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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Inglewood

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Orange County

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What’syourhome reallyworthin today’smarket?

That's 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. It's the current market that sets the value of your home.

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

Icanh

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

WhatToKnowAboutCredit ScoresBeforeBuyingaHome

If you want to buy a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a mortgage. Lenders review your credit to see if you typically make payments on time, pay back debts, and more. Your credit score can also help determine your mortgage rate. An article from US Bank explains:

“A credit score isn’t the only deciding factor on your mortgage application, but it’s a significant one. So, when you’re house shopping, it’s important to know where your credit stands and how to use it to get the best mortgage rate possible.”

That means your credit score may feel even more important to your homebuying plans right now since mortgage rates are a key factor in affordability. According to the Federal Reserve Bank of New York, the median credit score in the U.S. for those taking out a mortgage is 770. But that doesn’t mean your credit score has to be perfect. The same article from US Bank explains:

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WHAT YOU DON’T EXPECT

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Looking to lighten the mood in your laundry room?

EIGHTEYECATCHING

Laundry Room Colors

To Look Out For

These refreshing colors make the wash-and-dry chore a little more pleasant.

Tranquil Blue

View it here

Sage Green

View it here

Eight Colrs fo Laundry

White

View it here

Yellow

View it here

Gray

View it here

Dusty Pink

View it here

Navy Blue

View it here

Purple

View it here

Create a tranquil laundry space with Benjamin Moore's Beach Glass Its light blue shade, coupled with a subtle gray undertone, offers a clean and versatile aesthetic that avoids any baby nursery associations.

Transform your space with earthy tones like October Mist and Gloucester Sage from Benjamin Moore. Test out the trendy sage in your laundry room for a lowcommitment update easy to change and customize, ensuring lasting satisfaction with your design choice.

Create an elegant laundry room with Chantilly Lace by Benjamin Moore The classic white choice adds sophistication, opens up the space, and simplifies stain detection.

Elevate your laundry space with the energizing touch of yellow. Behr's Roasted Corn or Upbeat bring warmth and optimism, while Pearly White offers a mellow option a yellow-based white that brings a perfect harmony of vibrancy and calmness

Gray remains a top choice for laundry room walls, providing a timeless and serene backdrop A soft gray for a whisper of sophistication, easily personalized with printed patterned tile flooring or Behr's bold 2024 Color of the Year, Cracked Pepper.

Sherwin-Williams' Rosebud for a touch of romance in laundry rooms. The dusty pink hue, paired with gold accents, adds a luxurious and warm atmosphere

Navy as the key to a striking laundry room. Beyond lighter blues, navy paired with lighter accents or white fixtures, especially Benjamin Moore's Hale Navy, creates a bold choice that makes the laundry room stand out.

Dare to take a style risk in your laundry room with a pop of color Opt for the subtle smoky lavender of Farrow & Ball's Peignoir for a neutral touch or go all-out glam with Backdrop's dark and vampy McQueen, drawing inspiration from the famous fashion designer.

Source : https://www

familyhandyman com/list/laundry-room-colors/ Want to know how Home Concierge can help with your listing? Contact me today!

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Take a look at the services that we provide.

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VENDOR DIRECTORY

When it comes to home ownership, knowing who you can trust is crucial. That's why we've curated a select list of trusted vendors who are ready to help with your home goals.

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LosAngeles

What's in the Los Angeles data?

There were 11,210 single-family homes for sale, providing 2.5 months of inventory. There were 3,303 new listings, and 2,230 homes sold at a median price of $950k. The median overbid percentage was at 97%, with an average of 33 days on the market.

There were 4,106 condo and townhome units for sale, providing 2 6 months of inventory There were 1,253 new listings and 806 units sold at a median sale price of $658k. The median overbid percentage was at 98.2%, with an average of 37 days on the market.

SFH Single-Family Homes

3,303 New Listings

2,230 Sold Listings

2.5 Months of Inventory

$950K

Median Sale Price

97%

Median Sale vs List

33 Avg Days on Market

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

CONDO Condo & Townhomes

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

1,253

LosAngeles

FEBRUARY 2023 - FEBRUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

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

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

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

Condos & Townhomes

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

Overbids

Single-Family Homes

The overbid percentage has increased from 92 5% last February 2023, to 97% a year later

Condos & Townhomes

The overbid percentage has increased from 96.9% last February 2023, to 98.2% a year later.

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

Santa Monica

What's in the Santa Monica data?

There were 116 single-family homes for sale, providing 19.6 months of inventory. There were 26 new listings, and 10 homes sold at a median price of $2.7m. The median overbid percentage was at 101%, with an average of 26 days on the market

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

26 New Listings

10 Sold Listings

19.6 Months of Inventory $2.7M

Median Sale Price

101%

Median Sale vs List

26 Avg Days on Market

SFH Single-Family Homes

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

SantaMonica

FEBRUARY 2023 - FEBRUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 50 100 150 200 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 50 100 150 200 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $8 6m last February 2023, to $2 7m as of February 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 40 days last February 2023, to 26 days as of February 2024

Condos & Townhomes

The average time spent on the market went down from 48 days in February 2023, to 29 days as of February 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 88 2% last February 2023, to 101% a year later

Condos & Townhomes

The overbid percentage has increased from 94.7% last February 2023, to 98.9% a year later.

Back to Table of Contents Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024 $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 0 20 40 60 80 100 120 Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 000% 2000% 4000% 6000% 8000% 10000% 12000%

Brentwood

What's in the Brentwood data?

There were 121 single-family homes for sale, providing 5.2 months of inventory. There were 36 new listings, and 10 homes sold at a median price of $4m. The median overbid percentage was at 94.2%, with an average of 32 days on the market.

There were 59 condo and townhome units for sale, providing 3 months of inventory. There were 9 new listings and 9 units sold at a median sale price of $1.2m. The median overbid percentage was at 91.7%, with an average of 33 days on the market.