August Market Update: Southern California

white van in front of house

Key takeaways for the month

Overall, August’s data shows that Southern California is experiencing an expected delayed peak in the real estate market. 

  • Year-over-year drops in days on market across the board show that homes are selling on pace with a typical summer peak 
  • San Gabriel Valley in particular saw increased competitiveness with sale and list prices trending up year over year even with more inventory available
  • A growing number of condo listings may indicate sellers looking to buy larger homes

Competition snapshot

Our Research Team looked into sales in the hottest zip codes on the Eastside for a snapshot of competitiveness in the local market.

The researched homes are a sample of the resale market for single-family houses and townhomes, excluding new construction, listed for $750,000 – $1,200,000 in select zip codes in Santa Monica, Los Angeles, West Hollywood, and Culver City.

Sale Price

Based on date the property sold.

List Price

Based on date the property was listed.

Sale Price Compared to List Price

Based on date the property sold.

Days on Market

Based on the number of days between the list date and the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Listed

Based on date the property was listed.

Number of Properties Pending Sale

Based on the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Sold

Based on date the property sold.


West LA data is for Culver City, Santa Monica, Century City, Sawtelle, and Redondo Beach.

San Gabriel Valley data is for Pasadena and Arcadia.

Irvine data is for the city of Irvine.

East LA data is for La Verne, Rowland Heights, Diamond Bar, West Covina, Hacienda Heights, Chino, and Ontario.


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