July Market Update: Southern California

landscape photo of city buildings during dusk

Key Takeaways for the Month

Overall, we see market recovery as we’d expect after the effect of COVID-19 in March and April. 

  • Sale prices rose across the board, except for East LA condos, which saw a spike in June. 
  • The number of listings across the region is largely going up. While May is usually the peak of the year for listings, we’re seeing a shift to July as seller confidence returns after the drop in the spring. 
  • San Gabriel Valley properties follow a pattern that’s different from other markets in the area, seeing big jumps in list price and number of listings. These may correct with falling numbers in August. 

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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