Susan Morrow Annual Market Report - Westside JAN22

WESTSIDE SUSAN MORROW

Market MarketIntelligence IntelligenceReport Report

2021 2021Year Yearin in Review Review

(310) 3 5 1 - 9 8 3 0 S e l l i n g H o u se s@ aol . c om R e a l E s t a t e I n So u t h B a y.c om DRE# 0 1 3 2 0 8 9 3 | ABR | CDPE | CPRE S | GRI | SRES

1 9 0 1 S C a t a lin a A v e n u e Redondo Beach, CA 90277

WESTSIDE MARKETS Beverly Hills

4

Palms/Mar Vista

26

Beverlywood

6

Playa Del Rey

28

Brentwood

8

Playa Vista

30

Cheviot Hills

10

Santa Monica

32

The Crenshaw District

12

Venice

34

Culver City

14

View Park-Windsor Hills

36

Hollywood

16

West Hollywood

38

Inglewood

18

West Los Angeles

40

Leimert Park

20

Westchester

42

Marina Del Rey

22

Westwood/Century City 44

Pacific Palisades

24

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 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 or is 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 Spago

•

Ocean Prime

•

Wally's Beverly Hills

•

Il Cielo

•

Il Pastaio

•

The Penthouse at Mastro's

•

Rodeo Drive

•

Beverly Hills Farmers Market •

•

Beverly Gardens Park

•

Several Art Galleries

•

Beverly Canon Gardens

•

Academy of Motion Picture

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

1,791

349

$3.31M

35

$1,139

21%

2020

1,038

186

$3.91M

50

$1,082

19%

PERCENT CHANGE

73%

+88%

-15%

-29%

+5%

+7%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

2020 Median Sales Price

2021 Median Sales Price

$9,550,000

$5,515,000

$2,625,000

$2,825,000 $2,375,500

$6,155,000

$2,700,000

$3,875,000 $1,770,000

$3,925,000

16

22

January

19 19

18

February

March

14 April

$2,750,000

$3,300,000 $3,450,000

$2,857,875

$3,000,000

$1,401,000

43 26

$2,852,500

$3,405,113

33 7 May

33

32 12 June

16 July

33 15 August

19

25

September

$4,100,000

$2,469,000

$4,900,000

$2,800,000

$4,600,000 $3,510,000

39 16 October

15 19 November

19

25

December

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 still 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

•

Robertson Branch Library

•

Undergrind Cafe

•

Pizza Mark

•

Museum of Tolerance

•

Irving Schachter Park

•

The Empanada Factory

•

Campos Tacos

•

Circle Park

•

Reynier Park

•

Fred's Bakery & Deli

•

Edoughble Sweet Shop

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

628

260

$1.45M

21

$815

45%

2020

549

198

$1.53M

24

$814

36%

PERCENT CHANGE

+14%

+31%

-5%

-11%

+0%

+23%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

2020 Median Sales Price

2021 Median Sales Price

$3,155,000

$1,750,000 $1,450,000 $1,300,000

$1,237,500

$1,536,000 $1,323,500

14 17

12 11

15 15

January

February

March

$1,672,500

$1,615,000

$1,160,000

$1,100,000

27 7 April

21 2 May

$1,300,000 30

$1,642,500 $1,546,967

$1,200,000 26 28

7 June

$1,348,000

July

15 17 August

$1,615,165 $1,350,000

$1,460,800

$1,630,000 $1,335,000

$1,450,000

$1,556,000

$1,005,000 29

21

September

23

29

October

22 18

26 26

November

December

BRENTWOOD Brentwood got it's 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 in the 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

•

Westridge Trailhead

•

Divino

•

Taras Himalayan Cuisine

•

Brentwood Country Club

•

Sullivan Canyon Park

•

Sushi Miyagi

•

A Votre Sante

•

Brentwood Country Mart

•

Crestwood Hills Park

•

Casa De Campo

•

Farmshop

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

1,742

580

$2.01M

21

$854

35%

2020

1,343

411

$2.02M

31

$819

31%

PERCENT CHANGE

+30%

+41%

-1%

-32%

+4%

+14%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

2020 Median Sales Price

2021 Median Sales Price $3,002,500

$2,605,000 $2,331,000

$2,135,000

$2,535,000 $2,225,000 $1,900,000

$1,850,000 $1,785,000

$1,615,000

$1,875,000

$1,685,000

$1,732,500

82 35

29 30

24

January

February

March

26

April

$2,000,000 $1,617,500

54 20 May

54

$1,666,379

40

49

56

40

$1,475,000

41

53

July

August

September

$2,200,000

$1,810,000

44 41

41 39

October

November

21 June

$2,460,000

$2,025,000

$1,290,000

47 21

$2,100,000

$2,522,500

48

56

December

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 of the neighborhood's borders, there is a sizable recreation center with tennis, swimming, golf, and archery, 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 •

•

Cheviot Hills Recreation Center Rancho Park 3 Par Golf

•

Hillcrest Country Club

•

Griffin Club Los Angeles

•

Triangle Park

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

172

81

$2.46M

21

$973

51%

2020

193

76

$2.53M

41

$914

40%

PERCENT CHANGE

-11%

+7%

-3%

-48%

+6%

+26%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

2020 Median Sales Price

2021 Median Sales Price

$3,800,000 $3,325,000

$2,400,000

$2,650,000 $2,159,000

$2,520,000

$2,650,000

4

January

$2,235,888

3

7

February

7

8

7

9

$2,142,000

1 March

April

3

May

6

7

June

$2,419,000

$2,600,000

$2,500,000

$1,850,000

$1,660,000

7

$2,700,000

$2,198,000

$2,134,500

$3,100,000

7

7

July

$2,024,000

3

4

August

$3,007,000

$3,145,000

$2,775,000

$2,050,000 $1,755,000

9

7

September

11

7

October

9

9

November

9

6

December

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, 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 Hotville Chicken

•

The Kickin' Crab

Baldwin Hills Crenshaw Mall •

Yordanos Ethiopian

•

Southern Girl Desserts

•

Village Cafe & Pizza

•

Post & Beam

•

Kenneth Hahn State Park

•

Jim Gilliam Park

•

Rancho Cienega Recreation Center

• •

Norman O. Houston Park

•

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

227

142

$1.02M

11

$655

71%

2020

250

110

$872K

16

$579

47%

PERCENT CHANGE

-9%

+29%

+17%

-29%

+13%

+51%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

2020 Median Sales Price

2021 Median Sales Price $1,668,000

$1,112,500

$1,031,250 $752,500

$985,000

$825,000 $802,500

$650,000

2

7

January

8

9

February

March

$595,000

18

16 10

$1,060,000

7

April

$785,000 14

13 5 May

7

June

$980,000 $912,500

$820,000 $940,000

$1,300,000

$1,153,750

$865,000 17

12

July

$917,500

$835,000 14 13

August

$1,006,000

$887,500

10

$945,000

14 13 6

September

5 October

9

November

$904,000

11 12

December

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

•

Baldwin Hills Overlook

•

Loqui

•

Meet in Paris

•

Culver City Park

•

Culver Hotel

•

Destroyer

•

Janga by Derrick's

•

The Culver Studios

•

Downtown Culver City

•

Pasta Sisters

•

Seasalt Fish Grill

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

881

583

$1.14M

13

$751

70%

2020

921

427

$993K

18

$683

49%

PERCENT CHANGE

-4%

+37%

+14%

-25%

+10%

+43%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

2020 Median Sales Price $1,330,000

$1,210,000 $1,050,000

$1,122,000

$1,160,000

$1,150,000

$871,500

55 29 34

30 35

January

February

24

March

55

51 24

April

20

May

$990,000 $1,070,000

$1,150,000

$870,000

June

$906,500

$834,000

$769,500

65

54 24

$1,325,000 $1,129,000

$1,020,000 $724,500

$1,017,500

$1,302,500

$1,270,000

$1,160,000

$1,121,750 $980,000

2021 Median Sales Price

36

July

43 46

August

47

39

September

57 52

October

42 46

November

51 51

December

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 Bowl

•

Musso & Frank Grill

•

Running Goose

•

Hollywood Walk of Fame

•

Dolby Theatre

•

L'Antica Pizzeria da Michele

•

The Magic Castle

•

Hollywood Pantages Theatre •

Paramount Pictures Studio

•

Beetle House LA

•

Gwen Butcher Shop

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

1153

319

$956,527

26

$648

28%

2020

730

238

$911,500

27

$640

35%

PERCENT CHANGE

+58%

+34%

+5%

-4%

+1%

-20%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

2020 Median Sales Price

$1,155,000 $945,000

$910,000

$956,250 $846,400

$920,000 $785,000

30 27

January

24 21

February

$968,000

$969,750

$1,175,000

$1,126,250

$1,065,000 $924,500 $959,500

2021 Median Sales Price

$875,000

$870,000 $892,000

$875,000

$990,000

$880,000

$880,000

27

27 25

18 23

21 21

October

November

December

$823,675

$885,000

$740,000

22

39

34

March

16 April

34

26 10 May

4 June

16 19 July

30

23

August

20

September

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 traveling. 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

•

Edward J Vincent Park

•

The Serving Spoon

•

Maria's Ricos Tacos

•

The Forum

•

Darby Park

•

Stuff I Eat

•

Veronica's Kitchen

•

Hollywood Park Casino

•

Nella Skate Park

•

Dulan's Soul Food Kitchen

•

Rusty Pot Cafe

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

687

365

$663K

14

$501

55%

2020

814

311

$622K

16

$459

40%

PERCENT CHANGE

-16%

+17%

+7%

-8%

+9%

+37%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

$699,000 $575,000 $580,000

31

25

January

$619,000

$606,500 $578,975

32

$625,000

$635,000

$650,000 $589,000

$790,000 $675,000

$637,500 $625,000

April

30 27

28

26 17

March

$660,000

$722,500

2021 Median Sales Price

$622,701

$650,000

11

May

17

June

July

20

28

August

$675,000

$708,000 $683,500

$669,000 $575,000

39

31 31

20

February

$575,000

2020 Median Sales Price

29 27

September

38 37 26

October

33

November

41 32

December

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 •

Leimert Park Plaza

•

Vision Theater

•

Kaos Network

RESTAURANTS •

Barbara Morrison Performing Arts Center

•

World Stage Performance Gallery

•

Ackee Bamboo

•

Kim's Restaurant

•

Earle's on Crenshaw

•

Hot and Cool Cafe

•

Swift Cafe

•

The District by GS

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

273

145

$949K

13

$784

56%

2020

366

127

$793K

22

$619

36%

PERCENT CHANGE

-25%

+14%

+20%

-43%

+27%

+56%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

2020 Median Sales Price

2021 Median Sales Price $1,104,239

$910,000

$850,000 $805,000

$950,000

$815,000

$985,000

$997,500

$767,500

$770,000

$967,500 $915,000

$1,000,000

$940,500

$838,965

$752,965

$730,000

$627,500

11 12

17 9

3 January

$886,500

$922,750

$915,000

$642,000

9

$870,000

$942,500

February

March

15 6 April

7

12

May

13 14

16

15 16

11 5

June

July

7

August

September

17 10

October

12

9

November

13 13

December

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

•

Firestone Walker Brewing

•

Tony P's Dockside Grill

•

Fisherman's Village

•

Marvin Braude Bike Path

•

Beachside Restaurant & Bar •

•

Marina's Beach

•

Several Yacht Clubs

•

SALT Restaurant & Bar

•

Mendocino Farms Whiskey Red's Restaurant The Warehouse Restaurant

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

1467

538

$1.21M

20

$771

38%

2020

989

334

$1.13M

22

$729

34%

PERCENT CHANGE

+48%

+61%

+7%

-12%

+6%

+14%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

2020 Median Sales Price

$1,359,500 $1,226,510 $1,145,000

$1,125,000 $1,080,000

$1,228,000

$1,210,000

$1,107,500 $1,053,750

$1,241,000 $1,100,000

25

34 23

49

42 24

$1,130,000

$950,000 56

34

$1,179,125

21

50

44 20

$1,243,000

$1,057,500

44

2021 Median Sales Price

$1,219,500

$1,039,000 52

40

39

$1,275,700 $1,145,000

$1,340,000 $1,214,000 $1,200,000

$1,200,000

53 42

41 30

26

33

43

7 January

February

March

April

May

June

July

August

September

October

November

December

PACIFIC PALISADES Resting 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 midcentury and contemporary architecture and styles, with many offering larger lots and homes set behind high hedges.

ATTRACTIONS

RESTAURANTS

•

Will Rogers Beach

•

Bel-Air Bay Club

•

Cafe Vida

•

The Draycott

•

Riviera Country Club

•

Temescal Canyon Park

•

Modo Mio Cucina Rustica

•

Cinque Terra WEST Osteria

•

Potrero Canyon Park

•

Palisades Village

•

Matthew's Garden Cafe

•

Gracias Señor!

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

1,394

467

$3.38M

21

$1,107

35%

2020

1,019

326

$2.70M

27

$992

32%

PERCENT CHANGE

+37%

+43%

+25%

-22%

+12%

+8%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

2020 Median Sales Price

2021 Median Sales Price $4,147,500

$3,650,000 $3,233,000

$2,900,000

$2,593,750 $2,677,925

$2,502,000 $1,730,000 39 13

22

January

21

February

$2,457,500

March

12 April

15 May

$2,950,000

$2,825,000 $2,343,000

47

43 22

June

$3,865,000

$3,367,000

$3,355,500

$2,575,000

45

$3,644,250

$3,562,500 $3,050,000

$2,912,500

52 26

$3,440,000

$3,279,300

$3,562,500

30

42

July

33

40

August

44 29

September

$2,330,000 41

29

October

26

38

November

43 41

December

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 southern border of the area. 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 beach goers 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

•

Exposition Corridor Path

•

Rustic Kitchen Market

•

Al's Hot Chicken

•

Mar Vista Rec Center

•

Venice Boulevard

•

Quiadaiyn Restaurant

•

Versailles Cuban Food

•

North Venice Little League

•

S Sepulveda Boulevard

•

Hokkaido Ramen Santouka

•

Benny's Tacos & Rotisserie

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

874

494

$1.63M

13

$917

60%

2020

871

360

$1.55M

13

$881

41%

PERCENT CHANGE

<+1%

+37%

+5%

-1%

+4%

+46%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

2020 Median Sales Price

$1,847,500

$1,850,000

$1,664,000

$1,650,000 $1,550,000

$1,587,500

$1,709,750 $1,543,900 56

$1,332,000 37

28

20

18

January

February

20

March

$1,649,000

$1,596,500

$1,600,000

14 April

18

May

$1,615,000 $1,490,000 $1,447,500

46 31

$1,700,000

$1,637,500

$1,473,553

$1,462,500

2021 Median Sales Price

29

42

June

39 42

July

30

42

August

$1,587,000

$1,387,500 42 39

September

54

46

October

$1,565,000

41 46

November

$1,650,000 $1,600,000

35 39

December

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 1950's 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 the 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

•

Otis College of Art & Design

•

Bacari PDR

•

Cantalini's Salerno Beach

•

McGurk Beach Jetty

•

Vista Del Mar Park

•

Playa Provisions

•

The Good Pizza

•

Del Rey Lagoon

•

Balboa Wetlands Reserve

•

Tandoor-A-India

•

Playa's Pita

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

586

275

$775K

18

$697

52%

2020

449

200

$786K

19

$666

47%

PERCENT CHANGE

+31%

+38%

-1%

-2%

+5%

+10%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

2020 Median Sales Price

2021 Median Sales Price

$1,087,500 $941,500 $833,500 $739,000 $736,500

19

10

January

$745,000 $715,000

$735,000

24

18 16

15

February

March

$749,000 $677,000

16

$710,000

$785,000

35

27

24

April

$805,000

$840,000

$769,000

$779,500

$740,000

19 24

22 25

27 29

July

August

September

$815,000

8 May

9 June

$812,000

$850,000 $715,000

$725,750

$695,000

16 17

10 15

October

November

$734,000

21

29

December

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

•

Central Park

•

SOL Mexican Cocina

•

Hopdoddy Burger Bar

•

The Sports Park

•

Concert Park

•

Urban Plates

•

Kanpai Japanese Sushi Bar

•

Bluff Creek Trail

•

Runway Shopping District

•

Hash

•

Tocaya - Playa Vista

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

430

260

$1.28M

17

$768

71%

2020

441

144

$1.26M

33

$746

34%

PERCENT CHANGE

-2%

+81%

+1%

-49%

+3%

+112%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

2020 Median Sales Price $1,850,000

$1,750,000 $1,625,500

$1,667,500

$1,565,000

$1,398,000

$1,223,000

$1,200,000

$1,200,450 $1,092,000 $1,007,500

11 16

12 11

January

February

$1,024,500

18 22

March

2021 Median Sales Price

$1,229,100

$1,400,500 $1,150,000

$1,307,500 $1,160,000

$1,150,000

28

27 7 April

4 May

24 7 June

$1,179,000 $1,008,750

13

27

July

17 21 August

$1,044,500

10

23

September

$1,055,000

$1,037,500

20 20

16 16

October

November

$1,125,000

25 9 December

SANTA MONICA Santa Monica, an iconic name and coastal city. The city is a walkable 8.3 square miles and offers 6 distinct areas filled with opportunities for outdoor experience, and fine shopping and dining. The Santa Monica Pier and Ocean Avenue are a landmark of the area with a quintessentially California lifestyle. Head north to Montana Avenue for 10 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

•

Santa Monica College

•

Fritto Misto

•

Massilia

•

Downtown Santa Monica

•

Water Garden

•

Tar & Roses

•

Cassia

•

Palisades Park

•

Santa Monica Airport

•

Mercado Santa Monica

•

Santa Monica Market

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

3,149

906

$1.58M

19

$1,008

29%

2020

1,889

635

$1.40M

21

$975

34%

PERCENT CHANGE

+67%

+43%

+13%

-12%

+3%

-14%

YEAR-OVER-YEAR TRENDS 2020 Sales

$1,750,000

2021 Sales

$1,687,500

$1,437,000

$1,512,500

2020 Median Sales Price $1,845,000

$1,691,250 $1,450,000

$1,550,000 $1,185,000

$1,370,000

$1,300,000

47

January

33 35

February

45

March

33

April

$1,367,500

$1,470,000

$1,908,288

$1,742,500

93 70

$1,400,000

89

48

$1,730,000

$1,400,000 $1,310,000

$1,380,000 $1,150,000

88

86

76 38

$1,333,000

$1,557,500

2021 Median Sales Price

59

70

83 90

64

81 59

79

$1,300,000

79 72

24 May

June

July

August

September

October

November

December

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

•

Santa Monica College

•

Old Lightning

•

Scopa Italian Roots

•

Venice Skate Park

•

Penmar Golf Course

•

Barrique

•

The Butcher's Daughter

•

Barnard Way Linear Park

•

Marine Park

•

Felix Trattoria

•

Nighthawk Breakfast Bar

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

1,452

338

$1.97M

26

$1,150

24%

2020

8,62

241

$1.99M

41

$1,068

28%

PERCENT CHANGE

+68%

+40%

-1%

-35%

+8%

-14%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

2020 Median Sales Price

$2,500,000

$2,350,000 $1,947,359

$1,957,500

$1,955,521 $1,888,000 $1,918,000

$2,107,500

10

15

January

13

February

21

$2,150,000

38 20 8 April

$2,200,000

$1,856,000

$1,722,500

30

March

$2,030,000

$2,105,000

$1,408,000 31

2021 Median Sales Price

8 May

32 19

June

23

33

July

$2,181,500 $1,880,000 $1,915,000

24

32

August

$1,885,000

$2,075,000

$1,725,000 37 18

September

25 28

October

$2,045,000 $1,935,000

29

$1,814,000

37

32

16

November

December

VIEW PARK/WINDSOR 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 it's 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

•

Doris Japanese Garden

•

Dulan's on Crenshaw

•

La Louisanne

•

Rueben Ingold Park

•

•

Jerusalem Chicken

•

New Orleans Snowballs

•

Ladera Park

Kenneth Hahn Park and Disc Golf Course

•

Simply Wholesome

•

Sachi Teriyaki House

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

179

92

$1.24M

12

$584

58%

2020

211

89

$1.08M

21

$652

47%

PERCENT CHANGE

-15%

+3%

+15%

-44%

-10%

+23%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

2020 Median Sales Price

$1,362,500 $1,084,500

$1,199,999

$1,127,500 $1,100,000

$785,000

$1,344,700 $1,138,000

$1,215,000

$912,500

$997,500

5

January

6

7

February

9

March

10 4 April

2

May

$1,425,000 $1,307,750 $1,200,000

$1,050,000

$855,000

10 4

$1,429,900

$1,325,000 $1,260,000 $1,110,000

16 6

$1,375,000

$1,152,500

$1,146,250 $914,500

2021 Median Sales Price

6

June

7

12

July

9

8

August

9

5

September

7

9

October

8

9

November

5

8

December

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 make this the hottest place in town. The art and culture continue through the day with book clubs and stores, film festivals and theaters, and theatre 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 Comedy Store

•

Whisky a Go Go

•

GRANVILLE

•

Norah

•

The Laugh Factory

•

Sunset Strip

•

WeHo Bistro

•

Katana

•

Pacific Design Center

•

Santa Monica Boulevard

•

Zinque

•

Connie & Ted's

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

2,093

649

$1.10M

24

$797

33%

2020

1,340

464

$978K

25

$763

35%

PERCENT CHANGE

+56%

+40%

+13%

-6%

+5%

-7%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales

2020 Median Sales Price

$1,427,500

$1,377,500 $1,150,000

$897,500

$934,500

$1,082,500 $1,011,250

30

January

27

41

February

$1,140,000 $1,000,000

$967,000 $812,500

18

April

65

54

53

47

March

$1,117,500

$1,100,000

$1,017,500

$915,000

66 42

$1,285,000

$1,225,000

$1,004,250

2021 Median Sales Price

20

May

$929,000

53 54

$971,250 $850,000

45

57

$824,250 56

61 45

42

$1,039,500 $875,000

53 57

52 54

November

December

21

June

July

August

September

October

WEST LOS ANGELES West Los Angeles, also known as Sawtelle Japantown, is a unique neighborhood that celebrates Japanese culture in its restaurants and shops as well as 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

•

Santa Monica Boulevard

•

Chinchikurin - Sawtelle

•

Marugame Udon

•

Landmark's Nuart Theatre

•

•

Sonrita's Prime Tacos

•

Killer Noodle Tsujita

•

W Pico Boulevard

Los Angeles National Veterans Park

•

Tsujita LA Artisan Noodle

•

Plan Check Kitchen + Bar

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

743

354

$1.00M

17

$713

50%

2020

470

206

$1.10M

19

$722

45%

PERCENT CHANGE

+58%

+72%

-8%

-11%

-1%

+11%

YEAR-OVER-YEAR TRENDS 2020 Sales $1,275,000

$1,204,750

2021 Sales

2020 Median Sales Price

$1,268,844

$1,234,500 $1,002,500

$1,093,750 $895,000

11

18

January

$852,000

16

26

February

$965,000

March

$1,065,000

$992,500 $895,000

38

33 12

2021 Median Sales Price

12

21

April

7 May

$1,084,000 $1,036,944

32 8 June

$1,147,500 $1,082,500

36

32 15 July

$1,142,500 $995,000 $960,000

$950,000

31 31

30 29

25 25

September

October

November

16 August

$1,050,000

$1,030,000

$1,110,000

$935,000

23

33

December

WESTCHESTER Westchester started out as an agricultural area in the early 20th century, though 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 that offers office space, apartments, and shopping. Westchester is now home to two main college campuses as well as 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 •

Los Angeles Int'l. Airport

•

Loyola Marymount University

•

Otis College of Art & Design

RESTAURANTS •

•

Howard Hughes Shopping Center Westchester Golf Course

•

Ayara Thai Cuisine

•

Benny's Tacos & Rotisserie

•

The Ramen Joint

•

Truxton's American Bistro

•

Aliki's Greek Taverna

•

Melody Bar & Grill

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

576

418

$1.35M

13

$806

76%

2020

689

355

$1.27M

13

$762

57%

PERCENT CHANGE

-16%

+18%

+6%

-4%

+6%

+35%

YEAR-OVER-YEAR TRENDS 2020 Sales

2021 Sales $1,425,000

$1,250,000

$1,092,000

24

17

January

$1,287,500 $1,175,000

$1,225,000

$1,335,000 $1,225,000

27 22

February

March

$1,425,000

$1,385,000 $1,322,500

14 April

$1,425,000 $1,356,500

2021 Median Sales Price $1,502,500

$1,337,500 $1,311,500

$1,500,000 $1,374,500

$1,400,000 $1,269,000

$1,100,000

47

44

31

2020 Median Sales Price

47 19

25

May

42

50

22

June

July

33 30

August

36

49

September

41 24

October

$1,260,000 $1,172,000

$1,271,250

34 30

32 33

November

December

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 •

•

University of California, Los Angeles Los Angeles Country Club

RESTAURANTS •

Fox Studios

•

KazuNori

•

Din Tai Fung

•

Westfield Century City

•

Gushi

•

Hinoki & The Bird

•

Holmby Park

•

CAVA

•

Craft

MARKET SUMMARY TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

2021

3,305

904

$1.17M

24

$742

28%

2020

1,684

553

$1.14M

27

$738

34%

PERCENT CHANGE

+96%

+63%

+3%

-11%

+0%

-17%

YEAR-OVER-YEAR TRENDS 2020 Sales $1,330,000

$1,307,500 $1,039,000 $1,090,000

24

17

January

2021 Sales

$1,199,995

$1,225,000

2020 Median Sales Price

$1,226,000

$1,070,000

$1,175,000 $1,050,000

$1,010,000

27 22

February

March

$967,000

14 April

47 19

25

May

$1,150,000 $1,109,000

47

44

31

$1,190,000

$1,175,000 $1,117,500

$1,272,000 $1,202,500

$1,274,500 $1,147,500

$1,310,000

$1,136,000

$956,000

42

50

22

June

2021 Median Sales Price

July

33 30

August

36

49

September

41 24

October

34 30

32 33

November

December

BEVERLY HILLS

WE ARE THE COAST BEVERLY HILLS 9454 Wilshire Blvd., Suite 600 Beverly Hills, CA 90212 310.205.0050

PALOS VERDES - MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275 310.831.0222

EL SEGUNDO 402 Main Street El Segundo, CA 90245 310.322.1425

REDONDO BEACH 1901 S. Catalina Avenue Redondo Beach, CA 90277 310.378.7747

PALOS VERDES - MALAGA COVE 63 Malaga Cove Plaza Palos Verdes Estates, CA 90274 310.378.9494

PALOS VERDES - SILVER SPUR 450 Silver Spur Road Rancho Palos Verdes, CA 90275 310.544.9999

MANHATTAN BEACH 1040 Manhattan Beach Blvd.

Manhattan Beach, CA 90266 310.376.2225

TORRANCE 23740 Hawthorne Blvd.

Torrance, CA 90505 310.378.9889

MANHATTAN BEACH / DOWNTOWN 1401 Highland Avenue Manhattan Beach, CA 90266 310.937.5700

WEST LOS ANGELES 10500 W. Pico Blvd.

Los Angeles, CA 90064 310.559.5570

MARINA DEL REY / VENICE 124 Washington Blvd.

Marina Del Rey, CA 90292 310.577.5300

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

600+ Local Agents | 12 Offices Luxury Residential | Commercial Investment Division | International DRE: #01879720

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