Residential Market Pulse

4th Quarter, 2023

A note from Tami Pardee

I don’t know about everyone out there but, in all honesty, I’m very happy to say goodbye to 2023 and welcome 2024 with open arms. It isn’t just about turning the page, but embracing a new chapter filled with opportunities and growth.

At Pardee Properties, we’re not just optimistic about the future, we’re energized by it. There’s a palpable energy in the air — have you felt it?

We’ve already seen a significant uptick in buyer interest and listing sales which is hopefully a sign of more good things to come. The expected upward shift could invigorate the market, making 2024 a pivotal year for real estate. Whether you’re thinking of buying, selling, or just keeping an eye on the market, this year could open up some really interesting doors. I’m here to chat about what it could mean for you. On your own timeline, real estate knowledge is always just a call away.

Thank you for your continued trust and partnership. Here’s to an amazing 2024!

What I’m noticing in the market

  • Fewer closings across the board
    Similar to Q3, 2023, there were fewer closings (year over year) across the Westside — with the exception of a handful of outlier areas.

  • Above asking closings
    While sales totals were down, many areas saw homes selling for over the asking price on average.


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

VeniceMar VistaSanta Monica

Culver CityMarina del Rey – Westchester


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