Residential Market Pulse

4th Quarter, 2022

A note from Tami Pardee

Happy new year! As we reflect on the past year and look forward to the next year, I always choose a word that I am going to live with and by. This year, my word is grace. I love having a word to frame the year, that you can always come back to. I asked my work family to do the same exercise, so we can all stand for our words individually and collectively as a work family. Here is who we are at Pardee:

Grace

Vision

Ease

Luminous

Joy

You

Faith

Abundance

Whole

Exhale

Become

Pneuma

Balance

Light

Persistence

Momentum

Sustenance

These are the things we stand for — I encourage you to use this tool with your family as a fun way of setting intentions this year, as we have done with our work family and our families at home.

I also wanted to make sure you knew about our “Giving Pardee” referral program.

Not ready to buy or sell this year? Connect us with your friend, neighbor, classmate or loved one who is — we will donate $1,000 to the charity of your choice when they close!

Wishing you the most beautiful new year, and may you live in grace.

What I’m noticing in the market

  • Less market activity overall
    Sales totals and inventory were down significantly in all areas with the exception of Single Family homes in a few areas.
  • More days on market
    Homes sat on the market longer in all areas and with the exception of Culver city condos, sold for less than the asking price
    compared to Q4 2021.

Now, onto the data. Jump straight to a neighborhood:

VeniceMar VistaSanta Monica

Culver CityMarina del Rey – Westchester


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