A note from Tami Pardee
Dear neighbors and friends,
This market is moving quickly, and we want to keep you more informed than usual. This edition spotlights August 2025 so you can act on what’s happening now—not last season.
What Q2 told us: Spring momentum was real. Well-priced homes tended to land near asking, and the mix was neighborhood-specific—condos carried more of the activity in Marina del Rey, while single-family led in Westchester and Mar Vista.
What August adds: Price expectations largely held, but the pace stretched. Time on market lengthened—most noticeably for condos and, in several areas, for houses too—as buyers grew choosier and rate noise tempered urgency. It’s classic late-summer behavior: solid outcomes for well-positioned listings, just with a longer runway.
Signals we’re watching:
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Marina del Rey: Condos remain the bulk of sales; priced-right listings are still landing close to ask.
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Westchester & Mar Vista: Single-family continues to lead the mix; expect a slower tempo but steady results when presentation and pricing are dialed.
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Culver City & Santa Monica: Sellers are generally achieving near-ask outcomes; the condo segment is taking longer to secure the right buyer.
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Venice: “Price holds, pace slows”—house $/sf eased while condo $/sf ticked up, and both segments continued to transact near list.
If you’re considering a fall sale: You don’t need a unicorn buyer—you need a bullseye list price, thoughtful prep, and neighborhood-level strategy. That’s what separates “stale after 30+ days” from a clean, near-ask result.
We’ll keep sharing timely reads so you can move with confidence—whether that’s listing soon, prepping for spring, or simply benchmarking your equity.
— Tami
What I’m noticing in the market
• Near-ask outcomes hinge on precision pricing. Well-positioned listings are still closing close to list; over-reaches are seeing elongated days on market and eventual price trims.
• The first 10–14 days decide your path. If traffic and offers don’t materialize by day 14–21, a price/positioning refresh outperforms “waiting it out.”