S OUTH B A Y Report Intelligence Market Volume 8 | December 2022 STAN BOTELLO DRE# 01013590 310.795.0898 stan@botellosenser.com GARY SENSER DRE# 01903493 310.383.2779 gary@botellosenser.com
SOUTH BAY MARKETS
4 6 8 10
El Segundo Hermosa Beach Manhattan Beach Redondo Beach
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 South Bay 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.
EL SEGUNDO
If beachside living and small-town charm with a growing community of businesses sound appealing, look no further than El Segundo. This hidden beachside gem is quickly becoming an economic powerhouse. With the Los Angeles Airport (LAX) right next door and easy connections to major freeways and metro stops, local and global travel is a breeze. Recognized as the aerospace capital of the world, this community is home to leaders in aerospace and defense, bioscience, information technology, energy, and creative media. El Segundo also offers thriving cultural experiences in sports, culture, fine dining, and more.
ATTRACTIONS RESTAURANTS
• Dockweiler Beach
• Old Town Music Hall
• The Lakes at El Segundo
• R6 Distillery
• Automobile Driving Museum
• El Segundo Parks & Rec
• Jame Enoteca
• Ali'i Fish Company
• Caló Kitchen + Tequila
• Britt's BBQ
• Ensenada's Surf & Turf
• Salt Creek Grille
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 18 6 $980K 49 $640 33% NOVEMBER 2021 14 20 $1.70M 15 $839 143% PERCENT CHANGE +29% -70% -42% +227% -24% -77% 13-MONTH TRENDS 14 14 9 12 20 16 16 18 24 23 15 14 18 20 9 9 9 11 13 20 8 11 9 9 12 6 $1,700,000 $1,505,000 $1,170,000 $1,100,000 $1,890,000
$1,489,000
$1,592,500 $980,000 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
$1,700,000 $1,530,000 $2,052,500 $1,300,000
$1,143,000
HERMOSA BEACH
Hermosa Beach is home to the casual surfer lifestyle, twenty parks, and 1.8 miles of Pacific Ocean perfection. Nestled between Redondo Beach and Manhattan Beach, residents in Hermosa Beach can often be found enjoying favorite coastal pastimes, walking along the pier, playing outdoor sports such as tennis and baseball, enjoying fresh produce at the Farmer's Market, or trying new fare at one of the many restaurants. Area real estate is almost exclusively single-family homes, often designed with floor-to-ceiling windows to take advantage of the views. For those seeking coastal breezes, laid back atmosphere, and a nice distance from the city hustle, Hermosa Beach is the place.
ATTRACTIONS RESTAURANTS
• Hermosa Beach and Pier
• The Strand
• The Comedy Club
• The Farmer's Market
• South Park
• Noble Park
• Zane's Steakhouse
• Palmilla Cocina y Tequila
• Gum Tree
• Fritto Misto
• Dia de Campo
• Chef Melba's Bistro
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 38 11 $3.05M 29 $963 29% NOVEMBER 2021 31 19 $2.00M 13 $948 61% PERCENT CHANGE +23% -42% +53% +123% +2% -53% 13-MONTH TRENDS 31 23 20 35 28 34 29 44 44 41 43 49 38 19 22 13 7 19 19 19 20 13 15 16 11 11 $2,000,000 $2,487,500 $2,800,000 $2,200,000 $2,150,000 $1,985,000 $2,400,000 $2,067,500 $2,400,000 $1,850,000 $1,975,000 $1,899,000 $3,052,500 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 MARKET SUMMARY NOVEMBER 2022
MANHATTAN BEACH
Manhattan Beach is a South Bay hotspot for outdoor enthusiasts, families, and anyone who dreams of waking up to sunny beachside views every morning. The over two miles of coastline offer residents year round opportunities for relaxation, rejuvenation, and a plethora of opportunities for shopping and dining with a view. Head a few streets inland for parks, gardens, golfing, and access Highway 1. Located just south of the Los Angeles airport and an hour to Downtown Los Angeles, residents enjoy convenient access to work and enjoying what the greater area has to offer.
ATTRACTIONS RESTAURANTS
•
• Roundhouse Aquarium
The
Strand Bike Path
• Manhattan Beach Art Center
• Polliwog Park & Manhattan Beach Botanical Garden
• Bruce's Beach
• The Strand House
• Jute Coastal Bar + Kitchen
• Simmzy's
• The Arthur J • Zinc
• Nick's Manhattan Beach
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 65 22 $2.76M 14 $1,106 34% NOVEMBER 2021 62 44 $2.98M 9 $1,247 71% PERCENT CHANGE +5% -50% -7% +56% -11% -52% 13-MONTH TRENDS 62 37 35 42 57 55 61 84 77 68 79 80 65 44 35 17 24 28 34 35 32 36 28 19 25 22 $2,977,500 $2,680,000 $3,200,000 $4,025,500 $2,927,500 $3,012,500 $2,625,000 $3,637,500 $3,775,000 $2,800,000 $3,495,000 $3,000,000 $2,762,000 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
REDONDO BEACH
Located at the start of Los Angeles County's coastal edge, 20 miles south of downtown Los Angeles and seven miles south of Los Angeles International Airport, Redondo Beach is a premier beachfront destination. The city offers year-round beach days, high-end shopping and dining, pristine parks, and gorgeous waterfront properties. Local opportunities can be found in the northern industrial complex anchored by Northrop Grumman and in neighboring city, Torrance. Those looking for single-family and condos/townhomes can find properties right along the water and a short walk or drive from the water's edge.
ATTRACTIONS RESTAURANTS
• Seaside Lagoon
• South Bay Galleria
• Redondo Beach Marina
• Hopkins Wilderness Park
• Veterans Park
• RB Performing Arts Center
• Bluewater Grill
• Pura Vita
• Sea Level Restaurant
• The Standing Room
• Maderos Cocina Mexicana
• Hudson House
TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO NOVEMBER 2022 91 43 $1.48M 31 $736 47% NOVEMBER 2021 49 77 $1.25M 9 $715 157% PERCENT CHANGE +86% -44% +19% +244% +3% -70% 13-MONTH TRENDS 49 30 37 64 59 76 80 114 118 116 107 102 91 77 70 38 36 73 73 60 75 61 51 50 50 43 $1,249,000 $1,427,000 $1,336,500 $1,242,500 $1,550,000 $1,500,000 $1,551,500 $1,480,000 $1,523,000 $1,330,000 $1,430,000 $1,455,000 $1,481,000 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
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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