Brentwood:
Sales Activity:
Brentwood recorded 33 sales in October, marking a 13% decrease compared to September 2024, but a significant 50% increase from October 2023. Year-to-date (YTD) sales reached 321, reflecting an 8% increase from the same period last year.
Median Sale Price:
The median sale price in October was $1,920,000, a 4% decrease from September 2024 and a 22% drop from October 2023. YTD, the median sale price has fallen by 11%, from $2,575,000 in 2023 to $2,280,000 in 2024.
Sales Volume:
YTD sales volume totaled $1,076,876,780, representing a 9% decrease from $1,182,111,454 in 2023.
Days on Market:
The average days on market in 2024 is 40, remaining unchanged from 2023.
Summary:
In October, Brentwood saw a 13% decrease in sales compared to October 2023, but a strong 50% increase from September 2024. Year-to-date (YTD) sales are up by 8%. The median sale price dropped 22% from October 2023 to $1,920,000, while the YTD median price fell by 11%. YTD sales volume decreased by 9%, and the average days on market remained stable at 40 days.
Pacific Palisades:
Sales Activity:
Pacific Palisades recorded 23 sales in October, marking a 12% decrease compared to September 2024, but zero change from October 2023. Year-to-date (YTD) sales reached 252, reflecting an 5% decrease from the same period last year.
Median Sale Price:
The median sale price in October was $2,450,000, a 24% decrease from September 2024 and a 39% drop from October 2023. YTD, the median sale price has fallen by 8%, from $3,407,500 in 2023 to $3,129,750 in 2024.
Sales Volume:
YTD sales volume totaled $1,048,247,916, representing a 9% decrease from $1,149,971,901 in 2023.
Days on Market:
The average days on market in 2024 is 41, remaining essentially unchanged from 2023.
Summary:
In October, Pacific Palisades recorded 23 sales, a 12% decrease from September 2024, but no change from October 2023. Year-to-date (YTD) sales are down by 5%. The median sale price for October was $2,450,000, a 24% drop from September and a 39% decrease from October 2023, with the YTD median price falling 8%. YTD sales volume declined by 9%, and the average days on market remained steady at 41 days.
Santa Monica:
Sales Activity:
Santa Monica recorded 75 sales in October, reflecting a 17% increase compared to September 2024 and a 34% rise from October 2023. Year-to-date (YTD) sales reached 609, showing a 14% increase from the same period last year.
Median Sale Price:
The median sale price for October was $2,050,000, marking an 11% decrease from September 2024, but an 8% increase compared to October 2023. YTD, the median sale price rose by 12%, from $1,760,000 in 2023 to $1,970,000 in 2024.
Sales Volume:
YTD sales volume totaled $1,918,477,561, representing a 39% increase from $1,384,337,607 in 2023.
Days on Market:
The average days on market in 2024 is 46, reflecting no meaningful change from 2023.
Summary:
