Residential Market Pulse

2nd Quarter, 2024

A note from Tami Pardee

When it comes to choosing a real estate agent, it’s essential to interview 2-3 candidates to ensure you receive the best value and service. We frequently emphasize this because it’s so important. Just as you would shop around for the best insurance policy or get multiple bids from contractors, selecting the right real estate partner is equally important.

Many people know a realtor or have a friend of a friend in the industry, which is understandable given the low barrier to entry (not to disparage any of my colleagues). Online classes, bootcamps, and aggressive brokerage recruitment have made it easier than ever to become an agent. However, this influx has diluted the overall quality of professionals in the industry. Considering that buying or selling a home is likely the largest transaction of your life, partnering with an experienced and skilled agent is crucial. You need someone who will advise you, navigate the process with you, and advocate for your best interests before, during, and after the transaction.

A recent statistic revealed that half of all realtors only sell 0-1 property per year. In contrast, our team sells about 1 property per day, totaling over 5,000 transactions in the past two decades. This extensive experience means we’ve encountered and learned from a wide range of scenarios, allowing us to stay calm, steadfast, and effective throughout the process.

When the time comes for you to buy or sell a home, we hope you’ll interview us, even if you decide to go with another agent. We believe our knowledge and dedication will speak
for themselves.

What I’m noticing in the market

  • Westside neighborhoods experienced a significant increase in the number of homes for sale compared to Q2 2023. The increase in inventory across all neighborhoods suggests a shift in market dynamics, potentially indicating a buyer’s market with more options available for purchase.

  • Prospective sellers in these neighborhoods should be prepared for increased competition and potentially longer selling times. Pricing competitively and ensuring your property is in top condition will be key strategies to attract buyers in a market with increased inventory.


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

VeniceMar VistaSanta Monica

Culver CityMarina del Rey – Westchester


Download

Download the full Venice Market Pulse

Reach out

Connect with us to dive deeper


Download

Download the full Mar Vista Market Pulse

Reach out

Connect with us to dive deeper

Download

Download the full Santa Monica Market Pulse

Reach out

Connect with us to dive deeper

Download

Download the full Culver City Marker Pulse

Reach out

Connect with us to dive deeper

Download

Download the full Marina del Rey Market Pulse

Reach out

Connect with us to dive deeper

Download

Download the full Westchester Market Pulse

Reach out

Connect with us to dive deeper