November Market Update: Southern California

palm trees

Key takeaways for the month

The Southern California market as a whole is on trend with the same season in 2019. San Gabriel Valley continues to be an exception, seeing more deviation year over year. 

  • Days on market are trending lower year over year across the board, indicating that buyers are acting fast on homes they like. Sale-to-list price ratio is also up year over year. 
  • Because the market is moving quickly, we’ve seen a slow year-over-year increase over the fall months in sale prices for single family homes. Condos see a similar trend but to a lesser degree. 
  • West LA is staying more flat than the rest of the region in median sale price and days on market for single family homes.

Competition

Our Research Team looked into sales in a select area for a snapshot of competitiveness in the local market.

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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