October Market Update: Southern California

Hollywood, California

Key takeaways for the month

Overall, October shows that SoCal buyers and sellers have confidence in the market. The number of properties listed and pending fell month-over-month but remain high-year-over-year, indicating that the late peak season due to the pandemic is still having an effect. San Gabriel Valley is an exception, seeing more homes being listed but fewer pending. Year-over-year growth is a common trend across areas. 

  • Year-over-year, days on market are down across the board. While we don’t see a drastic change month-over-month, the speed of sales paired with rising sale-to-list price ratios indicate a strong market. 
  • Additionally, many more homes year-over-year are being listed and sold, and list prices are generally up from this time last year (West LA condo prices are up by as much as 20%). 
  • San Gabriel Valley stands out as an area with increased competition, seeing rising prices for single family homes and townhomes, rising list prices, and low median days on market (year-over-year). Increased sale-to-list price ratio paired with an increase in the number of listings and a falling number of pending homes indicates that not all newly listed homes are competitive, but the ones that are seeing competition are seeing a lot of it.

Competition snapshot

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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