Market Intelligence Report Volume 8 | December 2022 W EST S ID E
WESTSIDE MARKETS Beverly Hills Beverlywood Brentwood Cheviot Hills The Crenshaw District Culver City Hollywood Inglewood Leimert Park Marina Del Rey Pacific Palisades 4 6 8 10 12 14 16 18 20 22 24 Palms/Mar Vista Playa Del Rey Playa Vista Santa Monica Venice View Park-Windsor Hills West Hollywood West Los Angeles Westchester Westwood/Century City 26 28 30 32 34 36 38 40 42 44
REAL ESTATE KEY TERMS
MEDIAN PRICE:
The price of the property that falls in the middle of the total number of properties sold in the given time period.
PRICE PER SQUARE FOOT:
Measures the home’s sales price for an individual square foot.
PROPERTIES FOR SALE:
The total number of available properties for sale.
DAYS ON MARKET (CLOSED SALES):
The number of days a property is on the market prior to accepting an offer.
SALES RATIO:
Defines market speed and determines whether the market currently favors buyers or sellers. A Buyer’s market is a ratio from 0% to 14%; A Balanced market ratio is from 15 to 20%; A Seller’s market ratio starts at 21% and up. If the sales ratio exceeds 100%, it means that the sales from the previous month exceed current inventory.
The Westside Intelligence Report is published monthly based on the data available at the start of each month. All data presented is based on data supplied by CRMLS. Neither the Associations of REALTORS® nor their MLS’s guarantees are in any way responsible for its accuracy. Information is deemed reliable, but not guaranteed. Copyright © 2022.
BEVERLY HILLS
Welcome to the most iconic zip code in the United States, Beverly Hills, 90210. Beverly Hills is a celebration of uncompromising glamour and opulence; home to the most elite celebrities and business professionals, as well as luxury homes and services at every turn. Bordered by West Hollywood, Westwood, and Century City, residents are afforded privacy but are also in the heart of the action. Rejuvenate the senses with top tier dining and shopping, art galleries, walking tours and tastings, world-class spas, and more. Soak in more Los Angeles luxury with just a 15-minute drive to Santa Monica and 25 minutes to downtown Los Angeles.
ATTRACTIONS RESTAURANTS
• Rodeo Drive
• Beverly Gardens Park
• Beverly Canon Gardens
• Beverly Hills Farmers Market
• Several Art Galleries
• Academy of Motion Picture
• Spago
• Wally's Beverly Hills
• Il Pastaio
• Ocean Prime
• Il Cielo
• The Penthouse at Mastro's
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 121 21 $5.10M 57 $1,029 17% NOVEMBER 2021 103 19 $4.90M 31 $1,284 18% PERCENT CHANGE +17% +11% +4% +84% -20% -6% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 103 84 106 98 106 115 116 125 126 135 119 124 121 19 25 16 23 21 22 35 20 17 19 15 19 21 $4,900,000 $3,510,000 $5,777,753 $2,900,000 $4,890,000 $1,912,500 $2,418,000 $2,845,000 $3,826,667 $3,050,000 $2,500,000 $2,100,000 $5,100,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
BEVERLYWOOD
Beverlywood is a private, suburban community nestled between Santa Monica Boulevard and the 10 freeway. This almost exclusively residential neighborhood offers residents a quiet respite from city living yet close to all the amenities of the Westside. Homes here are a mixture of classic styles and contemporary, most with upgraded features. Beverlywood is a golf course away from Century City, home of Fox Studios, and a short 20-minute drive to downtown, allowing for an easy commute to work. The neighborhood is also close to several recreation areas, West Hollywood nightlife, and Santa Monica Pier.
ATTRACTIONS RESTAURANTS
• Hillcrest Country Club
• Museum of Tolerance
• Circle Park
• Robertson Branch Library
• Irving Schachter Park
• Reynier Park
• Undergrind Cafe
• The Empanada Factory
• Fred's Bakery & Deli
• Pizza Mark
• Campos Tacos
• Edoughble Sweet Shop
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 56 11 $1.50M 13 $808 20% NOVEMBER 2021 40 18 $1.01M 17 $695 45% PERCENT CHANGE +40% -39% +49% -24% +16% -56% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 40 25 25 28 29 35 40 45 56 63 65 62 56 18 26 15 17 22 18 24 17 9 12 15 17 11 $1,005,000 $1,630,000 $1,155,000 $1,625,000 $1,765,000 $1,756,500 $1,335,000 $1,650,000 $2,026,052 $1,475,000 $1,519,500 $1,500,000 $1,500,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
BRENTWOOD
Brentwood got its start in the 19th century when it was originally part of a Mexican land grant and was later developed to host several Olympic games in 1932. Today, Brentwood is an affluent neighborhood with stunning gems such as the world-famous Getty art museum and Brentwood Country Club. Homes in Brentwood have Spanish and contemporary influences ranging million dollar homes to multi-million dollar estates. For outdoor enthusiasts, Brentwood is just steps to Santa Monica Beach and Topanga State Park. Brentwood is convenient to the 405 and Santa Monica Boulevard.
ATTRACTIONS RESTAURANTS
• The Getty Museum
• Brentwood Country Club
• Brentwood Country Mart
• Westridge Trailhead
• Sullivan Canyon Park
• Crestwood Hills Park
• Divino
• Sushi Miyagi
• Casa De Campo
• Taras Himalayan Cuisine
• A Votre Sante
• Farmshop
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 96 22 $3.25M 14 $1,057 23% NOVEMBER 2021 114 39 $2.46M 18 $859 34% PERCENT CHANGE -16% -44% +32% -22% +23% -33% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 114 77 80 95 103 105 85 87 107 100 114 108 96 39 56 29 28 39 50 57 48 22 26 30 19 22 $2,460,000 $3,002,500 $2,241,625 $2,065,000 $1,650,000 $1,637,500 $2,270,000 $2,789,000 $2,432,500 $1,570,000 $1,634,500 $2,475,000 $3,245,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
CHEVIOT HILLS
Cheviot Hills is a family-oriented community between the Santa Monica Freeway and Santa Monica Boulevard. Located just south of Fox Studios, Cheviot Hills offers quiet streets with easy access to major freeways and nightlife. Inside the neighborhood's borders there is a sizable recreation center with tennis, swimming, golf, and archery, and Hillcrest Country Club, and Griffin Club. Santa Monica, Venice Beach, and Marina Peninsula are all a short drive away, as are the city amenities for leisure and fine dining.
ATTRACTIONS
•
•
Recreation Center
•
• Griffin Club Los Angeles
• Triangle Park
Cheviot Hills
Rancho Park 3 Par Golf
Hillcrest Country Club
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 11 4 $1.93M 14 $1,140 36% NOVEMBER 2021 15 9 $3.10M 15 $1,050 60% PERCENT CHANGE -27% -56% -38% -7% +8% -39% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 15 8 8 9 3 8 10 12 17 17 11 11 11 9 6 8 3 4 7 5 3 5 7 8 8 4 $3,100,000 $3,145,000 $3,212,500 $3,750,000 $2,759,000 $4,000,000 $2,000,000 $3,430,000 $3,025,000 $1,920,000 $2,375,000 $2,942,875 $1,925,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
THE CRENSHAW DISTRICT
Established shortly after WWII, The Crenshaw District, or Crenshaw, is comfortably nestled between the shores of Marina Del Rey and Downtown Los Angeles, offering residents a short commute to work and play. The neighborhood is convenient to the 10 and 110 highways. On the western border, the Kenneth Hahn State Recreation area offers hiking, disc golf, a playground, and a tranquil Japanese garden. Crenshaw has many apartment homes and traditional single-family residences with some larger properties in the Baldwin Hills area.
ATTRACTIONS RESTAURANTS
• Kenneth Hahn State Park
• Rancho Cienega Recreation Center
• Jim Gilliam Park
• Hotville Chicken
• The Kickin' Crab
• Baldwin Hills Crenshaw Mall
• Norman O. Houston Park
• Yordanos Ethiopian
• Village Cafe & Pizza
• Southern Girl Desserts
• Post & Beam
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 30 2 $1.35M 35 $736 7% NOVEMBER 2021 10 9 $1.30M 14 $741 90% PERCENT CHANGE +200% -78% +4% +150% -1% -93% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 10 9 8 13 9 16 16 18 21 23 29 33 30 9 12 6 5 12 12 8 12 8 6 7 5 2 $1,300,000 $904,000 $1,175,000 $1,100,000 $1,377,500 $942,500 $1,465,000 $1,201,500 $875,000 $1,625,000 $1,289,530 $870,000 $1,346,250 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
CULVER CITY
Entrenched in movie making history, Culver City boasts a thriving dining and nightlife scene with internationally inspired restaurants, gastropubs, and cozy cocktail bars. Additional cultural amenities include sophisticated art galleries, playhouses, two recognized movie studios, and the famous Culver Hotel. Culver City stretches along Venice Boulevard, nearly touching Marina Del Rey – meaning a quick ride to the ocean waves. Real estate offerings include a balanced mix of single-family homes and condos/townhomes, many with upgraded features. Culver City also features several outdoor recreation areas that provide great city views.
ATTRACTIONS RESTAURANTS
• Sony Pictures Studio
• Culver City Park
• The Culver Studios
• Baldwin Hills Overlook
• Culver Hotel
• Downtown Culver City
• Loqui
• Destroyer
• Pasta Sisters
• Meet in Paris
• Janga by Derrick's
• Seasalt Fish Grill
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 71 29 $950K 20 $754 41% NOVEMBER 2021 73 46 $1.30M 11 $800 63% PERCENT CHANGE -3% -37% -27% +82% +6% -35% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 73 43 44 51 59 54 51 74 91 87 82 75 71 46 51 31 28 30 44 41 39 40 43 39 30 29 $1,302,500 $1,325,000 $900,000 $822,000 $1,267,500 $1,150,000 $1,245,000 $1,521,695 $1,237,500 $1,325,000 $855,000 $1,242,500 $950,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
HOLLYWOOD
The symbol of the entertainment business and everything glitz and glamour – Hollywood is a world-famous destination for tourists and locals alike. Living in Hollywood offers a dreamlike setting – a veritable smorgasbord of attractions, amenities, and dining experiences. Walk to dinner, a movie, or shopping; it's all here. For a slightly quieter side of town, choose to live east of the 101 freeway. Hollywood is also close to family-friendly activities such as the Los Angeles Zoo, Griffith Observatory, Fern Dell Nature Trail and is equidistant between downtown Los Angeles and the San Fernando Valley.
ATTRACTIONS RESTAURANTS
• TCL Chinese Theatre
• Hollywood Walk of Fame
• Hollywood Pantages Theatre
• Hollywood Bowl
• Dolby Theatre
• Paramount Pictures Studio
• Musso & Frank Grill
• Running Goose
• L'Antica Pizzeria da Michele
• Beetle House LA
• The Magic Castle
• Gwen Butcher Shop
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 75 9 $1.30M 53 $734 12% NOVEMBER 2021 84 23 $824K 41 $639 27% PERCENT CHANGE -11% -61% +58% +29% +15% -56% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 84 66 63 60 58 71 81 84 85 81 87 78 75 23 21 20 22 21 27 12 22 15 11 23 11 9 $823,675 $990,000 $1,175,000 $994,000 $1,295,000 $1,003,500 $1,025,000 $1,149,500 $990,850 $1,465,000 $875,000 $920,000 $1,300,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
INGLEWOOD
Positioned in the heart of the Greater Los Angeles area, Inglewood is a gateway to commercial centers, beaches, and local and international travel. Located just east of the Los Angeles International Airport and 30 minutes to downtown Los Angeles, residents of Inglewood enjoy an easy commute and access to amenities and travel. Avid fans of sports and entertainment can catch the latest games and concerts at the recently built SoFi Stadium (home of the Los Angeles Rams and Los Angeles Chargers) and The Forum concert venue. Inglewood also has a thriving arts scene with paintings and sculptures colorfully decorating buildings and parks across the city.
ATTRACTIONS RESTAURANTS
• SoFi Stadium
• The Forum
• Hollywood Park Casino
• Edward J Vincent Park
• Darby Park
• Nella Skate Park
• The Serving Spoon
• Stuff I Eat
• Dulan's Soul Food Kitchen
• Maria's Ricos Tacos
• Veronica's Kitchen
• Rusty Pot Cafe
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 89 24 $695K 15 $549 27% NOVEMBER 2021 63 33 $675K 18 $515 52% PERCENT CHANGE +41% -27% +3% -17% +7% -49% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 63 44 42 55 57 63 62 92 93 96 98 91 89 33 32 34 22 37 24 33 31 32 28 20 27 24 $675,000 $683,500 $700,000 $755,500 $670,000 $707,500 $725,000 $757,000 $752,000 $709,500 $875,000 $734,925 $695,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
LEIMERT PARK
Leimert Park is a family-oriented community located along Western Avenue just south of The Santa Monica Freeway. Developed in the late 1920s, Leimart Park Village is home to lots of artistic amenities including, cultural celebrations, the Leimert Park Art Walk, Vision Theatre, Eso Won Books, several art centers, and more. Homes in the area follow the Spanish Colonial Revival style, resting along quiet tree-lined streets. Professionals can find local opportunities at the nearby University of Southern California, Inglewood Oil Field, and Downtown Los Angeles.
ATTRACTIONS RESTAURANTS
• Leimert Park Plaza
• Vision Theater
• Kaos Network
• Barbara Morrison
Performing Arts Center
• World Stage Performance Gallery
• Ackee Bamboo
• Earle's on Crenshaw
• Swift Cafe
• Kim's Restaurant
• Hot and Cool Cafe
• The District by GS
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 42 7 $972K 31 $665 17% NOVEMBER 2021 19 9 $1.10M 13 $716 47% PERCENT CHANGE +121% -22% -12% +138% -7% -65% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 19 16 17 17 20 19 28 36 31 37 44 40 42 9 13 15 10 11 9 13 10 9 14 9 7 7 $1,104,239 $1,000,000 $982,500 $1,010,500 $1,075,650 $980,000 $1,035,000 $972,500 $1,108,000 $937,500 $1,035,000 $850,000 $972,400 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
MARINA DEL REY
Living in Marina Del Rey is a nautical enthusiasts dream. Residents here can seize the day by both land and sea - cycling to nearby Venice Beach, paddle boarding to lunch, strolling alongside the shops or taking the boat out for whale watching, just to name a few of the many activities available. Available properties are within the neighborhoods' many condo/townhouse complexes. Most of the piers have their own yacht clubs, providing plenty of options for storing your boat and socializing with neighbors. Marina Del Rey is bordered by Venice, Culver City, and Playa Del Rey, with convenient connections to the 405 freeway, Venice Boulevard, and Los Angeles International Airport.
ATTRACTIONS RESTAURANTS
• Burton Chace Park
• Fisherman's Village
• Marina's Beach
• Firestone Walker Brewing
• Marvin Braude Bike Path
• Several Yacht Clubs
• Tony P's Dockside Grill
• Beachside Restaurant & Bar
• Mendocino Farms
• Whiskey Red's Restaurant
• SALT Restaurant & Bar
• The Warehouse Restaurant
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 98 25 $1.30M 11 $816 26% NOVEMBER 2021 96 41 $1.21M 15 $796 43% PERCENT CHANGE +2% -39% +7% -27% +2% -40% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 96 64 76 83 72 74 89 103 107 113 113 103 98 41 43 26 26 53 42 31 40 39 21 29 27 25 $1,214,000 $1,200,000 $1,275,000 $1,155,000 $1,285,000 $1,346,000 $1,320,000 $1,470,000 $1,315,000 $1,265,000 $1,200,000 $1,410,000 $1,300,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
PACIFIC PALISADES
Resting among gently sloping bluffs and canyons with gorgeous beachfront property and views, Pacific Palisades is an affluent neighborhood filled with national treasures, strong schools, and uncrowded streets. Pacific Palisades is one of the few areas with direct beach and mountain access, offering endless opportunities for outdoor activities and relaxation. It also boasts one of Los Angeles's lowest population density ratios for those seeking a more private and quiet space. Similar to other affluent nearby neighborhoods, homes here are a mix of mid-century and contemporary architecture and styles, with many offering larger lots and homes set behind high hedges.
ATTRACTIONS RESTAURANTS
• Will Rogers Beach
• Riviera Country Club
• Potrero Canyon Park
• Bel-Air Bay Club
• Temescal Canyon Park
• Palisades Village
• Cafe Vida
• Modo Mio Cucina Rustica
• Matthew's Garden Cafe
• The Draycott
• Cinque Terra WEST Osteria
• Gracias Señor!
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 92 24 $3.25M 21 $1,181 26% NOVEMBER 2021 98 38 $3.64M 13 $1,166 39% PERCENT CHANGE -6% -37% -11% +62% +1% -33% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 98 64 74 84 67 67 69 79 90 92 91 93 92 38 41 21 16 40 30 28 27 25 27 26 19 24 $3,644,250 $3,865,000 $3,100,000 $4,425,000 $3,294,000 $5,055,000 $4,435,000 $4,450,000 $3,800,000 $2,900,000 $3,937,500 $4,730,000 $3,248,750 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
PALMS/MAR VISTA
Located just south of the Santa Monica Airport, the Palms and Mar Vista neighborhoods have a mixed urban and suburban feel with lots of restaurants, coffee shops, bars, and parks. Commuters are afforded easy access to the 10 and 405 freeways, with Venice Boulevard at the area's southern border. Mar Vista and Palms are also just a short, few-minute drive away from Venice, Santa Monica, and Marina Del Rey, making this a great spot for beachgoers and water sport enthusiasts who enjoy a little extra quiet time. The blended mixture of homes and condos offered for sale include thoughtfully updated spaces suitable for families and professionals alike.
ATTRACTIONS RESTAURANTS
• Ocean View Farms
• Mar Vista Rec Center
• North Venice Little League
• Exposition Corridor Path
• Venice Boulevard
• S Sepulveda Boulevard
• Rustic Kitchen Market
• Quiadaiyn Restaurant
• Hokkaido Ramen Santouka
• Al's Hot Chicken
• Versailles Cuban Food
• Benny's Tacos & Rotisserie
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 71 23 $1.69M 21 $999 32% NOVEMBER 2021 56 46 $1.70M 11 $969 82% PERCENT CHANGE +27% -50% -0.3% +91% +3% -61% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 56 37 44 40 44 48 47 59 63 53 62 75 71 46 39 24 21 22 35 30 33 29 29 23 19 23 $1,700,000 $1,600,000 $1,635,500 $1,800,000 $1,825,000 $1,875,000 $1,960,000 $1,655,000 $1,400,000 $1,585,525 $1,480,000 $1,910,000 $1,694,775 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
PLAYA DEL REY
Playa Del Rey is a beautiful beach town just north of the Los Angeles International Airport. Play Del Rey got its reputation for being a surfer's beach in the 1950s, and there are still some great surfing spots today. The beach itself offers volleyball courts, a long paved bike path, a grass park, and basketball courts. For days not spent on the beach, take in the views or a tour of the Ballona Freshwater Marsh, one of the last remaining saltwater wetlands in Southern California. Playa Del Rey provides easy access to Highway 1 and the 405 freeway and borders Westchester and El Segundo, offering local opportunities in the education and aerospace industries.
ATTRACTIONS RESTAURANTS
• Playa Del Rey Beach
• McGurk Beach Jetty
• Del Rey Lagoon
• Otis College of Art & Design
• Vista Del Mar Park
• Balboa Wetlands Reserve
• Bacari PDR
• Playa Provisions
• Tandoor-A-India
• Cantalini's Salerno Beach
• The Good Pizza
• Playa's Pita
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 23 9 $789K 25 $762 39% NOVEMBER 2021 50 15 $695K 27 $694 30% PERCENT CHANGE -54% -40% +14% -7% +10% +30% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 50 20 19 17 22 34 39 44 33 41 31 27 23 15 29 20 10 13 20 11 21 21 10 11 14 9 $695,000 $850,000 $762,500 $704,500 $836,000 $885,500 $685,000 $770,000 $950,000 $812,500 $830,000 $724,500 $789,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
PLAYA VISTA
Playa Vista is where a tech hub, open space, recreation, entertainment, shopping, and dining all come together – all just a short walk away. With so much to see and do in Playa Vista, residents need not go far for a premium lifestyle experience. Companies like Google, Facebook, 72andSunny, IMAX, Electronic Arts, and more have taken residence here, as have dozens of newly constructed condo and apartment homes. Additionally, The CenterPointe Club and The Resort offer areas for social gatherings and relaxation. Exploring outside the area is also an easy trek as the closest beach is just 1.5 miles away, and Santa Monica is a 2.7-mile drive.
ATTRACTIONS RESTAURANTS
• Ballona Creek
• The Sports Park
• Bluff Creek Trail
• Central Park
• SOL Mexican Cocina
• Concert Park
• Runway Shopping District
• Urban Plates
• Hash
• Hopdoddy Burger Bar
• Kanpai Japanese Sushi Bar
• Tocaya - Playa Vista
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 15 9 $2.10M 23 $755 60% NOVEMBER 2021 28 16 $1.04M 13 $819 57% PERCENT CHANGE -46% -44% +102% +77% -8% +5% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 28 14 17 19 22 18 12 23 22 14 19 15 15 16 25 14 13 15 16 12 12 14 10 10 8 9 $1,037,500 $1,150,000 $1,337,000 $1,021,000 $1,069,000 $1,600,000 $1,365,179 $1,750,000 $1,236,498 $1,265,118 $1,135,000 $1,350,000 $2,100,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
SANTA MONICA
Santa Monica is an iconic name and coastal city. The city is a walkable 8.3 square miles and offers six distinct areas filled with opportunities for outdoor experience and fine shopping and dining. The Santa Monica Pier and Ocean Avenue are landmarks of the area with a quintessentially California lifestyle. Head north to Montana Avenue for ten blocks of tree-lined shopping, dining, and a historic theater. The centrally located mid-city hosts the city's thriving arts scene. Pico Boulevard hosts a weekly farmer's market against a backdrop of lively street art. Downtown Santa Monica is the entertainment hub, and Main Street features sandy beaches and a welcoming neighborhood vibe.
ATTRACTIONS RESTAURANTS
• Santa Monica Beach & Pier
• Downtown Santa Monica
• Palisades Park
• Santa Monica College
• Water Garden
• Santa Monica Airport
• Fritto Misto
• Tar & Roses
• Mercado Santa Monica
• Massilia
• Cassia
• Santa Monica Market
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 226 32 $1.54M 37 $1,008 14% NOVEMBER 2021 218 79 $1.91M 17 $1,047 36% PERCENT CHANGE +4% -59% -19% +118% -4% -61% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 218 159 172 187 188 204 214 212 227 218 209 225 226 79 72 50 46 69 63 68 60 56 53 52 40 32 $1,908,288 $1,730,000 $1,925,500 $1,735,000 $1,630,000 $1,679,500 $1,709,000 $1,475,000 $1,475,000 $1,900,000 $1,618,750 $1,659,000 $1,542,500 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
VENICE
Venice is the effortlessly vibrant and urban surfer hub of Los Angeles. With an eclectic blend of casual and upscale, Venice residents are surfers and artists, as well as entrepreneurs and professionals. In addition to the beach itself, Venice is known for the collection of canals just steps from the beach that offers residents a slice of waterfront property without being right on the major public pathways. Homes in Venice offer a blend of newly developed apartment buildings and modern homes.
ATTRACTIONS RESTAURANTS
• Venice Beach
• Venice Skate Park
• Barnard Way Linear Park
• Santa Monica College
• Penmar Golf Course • Marine Park
• Old Lightning • Barrique • Felix Trattoria
• Scopa Italian Roots
• The Butcher's Daughter
• Nighthawk Breakfast Bar
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 84 18 $1.96M 22 $1,182 21% NOVEMBER 2021 95 29 $1.94M 23 $1,288 31% PERCENT CHANGE -12% -38% +1% -4% -8% -30% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 95 71 58 69 79 75 81 91 87 83 90 92 84 29 32 18 25 31 35 32 22 21 22 20 12 18 $1,935,000 $2,500,000 $2,462,500 $1,915,000 $2,485,000 $2,290,500 $2,297,636 $2,320,000 $2,200,000 $1,957,500 $2,463,750 $1,639,475 $1,962,500 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
VIEW PARK/WINSOR HILLS
View Park/Windsor Hills is a vibrant and affluent neighborhood bordered by Culver City, The Crenshaw District, and Leimert Park. Founded in the late 1930s, the neighborhood is known for its collection of homes and mansions in the Spanish Colonial and Mediterranean styles, many of which were designed by notable architects. It is also one of the largest California districts to be registered on the National Register of Historic Places. Outdoor amenities within the neighborhood include a tranquil city trail and two parks. View Park/Windsor Hills is convenient to the 405, 10, and 110 freeways.
ATTRACTIONS RESTAURANTS
• Stocker Corridor Trail
• Rueben Ingold Park
• Ladera Park
• Doris Japanese Garden
• Kenneth Hahn Park and Disc Golf Course
• Dulan's on Crenshaw
• Jerusalem Chicken
• Simply Wholesome
• La Louisanne
• New Orleans Snowballs
• Sachi Teriyaki House
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 28 5 $1.45M 53 $526 18% NOVEMBER 2021 9 9 $1.26M 8 $477 100% PERCENT CHANGE +211% -44% +15% +563% +10% -82% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 9 7 13 15 18 18 15 20 24 28 29 25 28 9 8 7 3 11 9 10 12 4 8 5 3 5 $1,260,000 $1,425,000 $1,450,000 $1,300,000 $1,625,000 $1,650,000 $1,634,250 $1,564,000 $1,041,500 $1,343,925 $1,225,000 $1,135,000 $1,450,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
WEST HOLLYWOOD
West Hollywood (WeHo) is where the party starts. The high-energy nightlife includes famous comedy clubs, music venues, dance clubs, bars, celebrity restaurants, and world-renowned events, making this the hottest place in town. The art and culture continue through the day with book clubs and stores, film festivals and theaters, and theater and visual arts programs, offering opportunities for artists of all mediums to find community and spaces to create. Those working in entertainment can find a quick commute to Hollywood, Culver City, and Burbank, and downtown Los Angeles is approximately nine miles away.
ATTRACTIONS RESTAURANTS
• The
Store • The
Comedy
Laugh Factory • Pacific Design Center • Whisky a Go Go • Sunset Strip • Santa Monica Boulevard • GRANVILLE • WeHo Bistro • Zinque • Norah • Katana • Connie & Ted's
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 151 27 $929K 25 $821 18% NOVEMBER 2021 133 57 $1.43M 19 $894 43% PERCENT CHANGE +14% -53% -35% +32% -8% -58% MARKET SUMMARY NOVEMBER 2022 13-MONTH TRENDS 133 100 126 127 123 138 149 152 156 158 173 162 151 57 54 38 31 57 48 56 51 46 40 39 38 27 $1,427,500 $1,017,500 $1,263,500 $1,050,000 $1,239,750 $985,000 $1,315,500 $1,215,000 $1,105,000 $995,000 $1,352,000 $1,477,500 $929,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
WEST LOS ANGELES
West Los Angeles, also known as Sawtelle Japantown, is a unique neighborhood that celebrates Japanese culture in its restaurants and shops and other Far East locales such as China, Korea, and Vietnam. The main walkable commercial districts include Sawtelle Boulevard, Sepulveda Boulevard, and Westwood Boulevard. West Los Angeles also features the VA Greater Los Angeles Healthcare System, an extensive health campus. West Los Angeles is centrally located for commuters with easy access to the 405 and 10 freeways, as well as Santa Monica Boulevard and W Pico Boulevard. The area is also just a short drive to the sandy beaches of Santa Monica, UCLA, and Century City.
ATTRACTIONS RESTAURANTS
• Stoner Park
• Landmark's Nuart Theatre
• Santa Monica Boulevard
• Los Angeles National Veterans Park
• Chinchikurin - Sawtelle
• Sonrita's Prime Tacos
• W Pico Boulevard
• Tsujita LA Artisan Noodle
• Marugame Udon
• Killer Noodle Tsujita
• Plan Check Kitchen + Bar
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 32 23 $1.02M 23 $743 72% NOVEMBER 2021 46 25 $1.03M 12 $715 54% PERCENT CHANGE -30% -8% -1% +92% +4% +32% 13-MONTH TRENDS 46 35 34 27 27 37 30 47 55 53 44 39 32 25 33 27 20 23 29 22 18 24 20 18 12 23 $1,030,000 $935,000 $1,200,000 $1,078,750 $1,080,000 $1,150,000 $1,226,175 $1,288,000 $1,243,750 $1,045,000 $1,367,500 $1,356,775 $1,020,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 MARKET SUMMARY NOVEMBER 2022
WESTCHESTER
Westchester started as an agricultural area in the early 20th century. However, after the opening of Mines Field and the growth of the aerospace industry during and after WWII, the area quickly grew – both the airport and surrounding neighborhood. Today, Westchester continues to grow, in part from the influx of tech companies into the neighboring Playa Vista area and the addition of the Howard Hughes center, which offers office space, apartments, and shopping. Westchester is now home to two main college campuses and the West Los Angeles campus for Pepperdine University. Westchester is convenient to the 405 freeway and just a short drive to Playa Del Rey Beach.
ATTRACTIONS RESTAURANTS
• Los Angeles Int'l. Airport
• Loyola Marymount University
• Otis College of Art & Design
• Howard Hughes Shopping Center
• Westchester Golf Course
• Ayara Thai Cuisine
• The Ramen Joint
• Aliki's Greek Taverna
• Benny's Tacos & Rotisserie
• Truxton's American Bistro
• Melody Bar & Grill
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 70 18 $1.44M 17 $868 26% NOVEMBER 2021 41 30 $1.26M 13 $828 73% PERCENT CHANGE +71% -40% +15% +31% +5% -65% 13-MONTH TRENDS MARKET SUMMARY NOVEMBER 2022 41 30 35 43 47 39 48 60 52 60 64 76 70 30 33 13 22 40 39 23 31 30 21 26 21 18 $1,260,000 $1,500,000 $1,242,000 $1,491,250 $1,455,000 $1,800,000 $1,745,317 $1,775,000 $1,572,500 $1,550,000 $1,483,166 $1,500,000 $1,443,500 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
WESTWOOD/CENTURY CITY
Together, Westwood and Century City offer something for everyone. From the University of California, Los Angeles, at the north border of Westwood, to Fox Studios at the south border of Century City, these two neighborhoods boast a wide variety of opportunities for culture, enrichment, work, shopping, and dining. The area is also home to several parks and rec centers and the Los Angeles Country Club for outdoor sports. While Westwood is primarily single-family residences, Century City offers a variety of condominium complexes with a small enclave of single-family properties. Westwood and Century City are convenient to Santa Monica Boulevard and the 405 freeway.
ATTRACTIONS RESTAURANTS
• University of California, Los Angeles
• Los Angeles Country Club
• Fox Studios
• Westfield Century City
• Holmby Park
• KazuNori
• Gushi • CAVA
• Din Tai Fung
• Hinoki & The Bird
• Craft
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 229 41 $1.31M 27 $763 18% NOVEMBER 2021 242 82 $1.15M 32 $739 34% PERCENT CHANGE -5% -50% +14% -16% +3% -47% 13-MONTH TRENDS MARKET SUMMARY NOVEMBER 2022 242 182 196 186 172 200 201 210 216 217 211 233 229 82 77 56 78 91 76 73 64 59 51 52 28 41 $1,147,500 $1,310,000 $1,042,500 $1,487,500 $1,355,000 $1,345,000 $1,275,000 $1,667,500 $1,120,000 $1,200,000 $1,287,500 $1,087,500 $1,305,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
BEVERLY HILLS
WE ARE THE COAST
BEVERLY HILLS
9454 Wilshire Blvd., Suite 600
Beverly Hills, CA 90212 310.205.0050
EL SEGUNDO
402 Main Street
El Segundo, CA 90245 310.322.1425
PALOS VERDES - MALAGA COVE
63 Malaga Cove Plaza
Palos Verdes Estates, CA 90274 310.378.9494
MANHATTAN BEACH
1040 Manhattan Beach Blvd. Manhattan Beach, CA 90266 310.376.2225
MANHATTAN BEACH/DOWNTOWN
1401 Highland Avenue
Manhattan Beach, CA 90266 310.937.5700
MARINA DEL REY/VENICE
124 Washington Blvd.
Marina Del Rey, CA 90292 310.577.5300
PALOS VERDES - MIRALESTE
5 Miraleste Plaza
Rancho Palos Verdes, CA 90275 310.831.0222
REDONDO BEACH
1901 S. Catalina Avenue Redondo Beach, CA 90277 310.378.7747
PALOS VERDES - SILVER SPUR
450 Silver Spur Road
Rancho Palos Verdes, CA 90275 310.544.9999
TORRANCE
23740 Hawthorne Blvd. Torrance, CA 90505 310.378.9889
WEST LOS ANGELES
10500 W. Pico Blvd. Los Angeles, CA 90064 310.559.5570
WESTCHESTER/SILICON BEACH
7131 W. Manchester Avenue Los Angeles, CA 90045 310.802.6000
WEST LOS ANGELES
MARINA DEL REY/VENICE
WESTCHESTER/SILICON BEACH
EL SEGUNDO MANHATTAN BEACH
MANHATTAN BEACH/DOWNTOWN
REDONDO BEACH
TORRANCE
PALOS VERDES - MALAGA COVE
PALOS VERDES - SILVER SPUR
PALOS VERDES - MIRALESTE
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