The market is not dead

December 2022 DaSilva Market Report

When the news talks about the real estate market, they usually don’t feature our communities in Los Angeles.

We did the work for you 

Each month, we review activity from the South Bay to West LA. We report the top trends, how buyers are behaving, and how things are playing out in the market, so that you can make better decisions with your current and future home.The news is affecting how buyers have been offering on houses. Earlier this year, buyers were chasing fewer homes. Now, with more inventory and less than favorable news forecasting, buyers are okay sitting out a bidding war. This is affecting condos more than single family homes.

The market appears to have found its equilibrium. In other words, we’ve bottomed out and are now moving at a more normal pace. Many homes are selling within 30 days. Many homes are selling around their asking price. Depending on your marketing and pricing strategies, you still have an ability to Sell Your House and Beat the Market. 

We’re ending the year right around the same prices as where we started it; though, we don’t have nearly as many multiple offers situations as before. Right now is the best time to get into another house if you have a home to sell. With fewer offers going around, buying your next contingent on selling your current one is easier to accept.

Check your email in January for our biggest special of the year.

West Hawthorne’s prices are down 16% from last month and up 6% from last year. There were 8 fewer listings this month than last month and 6 fewer homes sold. Homes are taking longer to sell. 

West LA’s prices are down 22% from last month and down 21% from last year. There were just as many new listings this month as last month and 8 more homes sold. Homes are taking longer to sell. 

Mar Vista prices are down 7% from last month and up 4% from last year. There were 9 fewer homes came on the market this month and 5 more homes sold. Homes are taking longer to sell. 

More South Bay Market Reports...

Torrance prices are down 5% from last month and up 2% from last year. There were 30 fewer homes came on the market this month and 8 fewer homes sold.  Homes are taking longer to sell. 

Redondo Beach prices are down 6% from last month and up 10% from last year. There were 9 fewer homes came on the market this month and 5 fewer homes sold. Homes are taking longer to sell. 

San Pedro prices are up 3% from last month and up 1% from last year. There were 13 fewer homes came on the market this month and 5 more homes sold. Homes are taking longer to sell. 

Manhattan Beach prices down 1% from last month and down 9% from last year. There were 15 fewer homes came on the market this month and 2 fewer homes sold. Homes are taking longer to sell. 

More West LA Market Reports..Marina Del Rey prices are down 8% from last month and up 7% from last year. There were 6 fewer homes came on the market this month and just as many homes sold. Homes are taking longer to sell. 

Culver City prices are up 18% from last month and up 25% from last year. There were 1 more homes came on the market this month and 7 fewer homes sold. Homes are taking longer to sell.