SOUTH BAY
Market MarketIntelligence IntelligenceReport Report
VIOLETTE BESHAY
(310) 28 3 – 6 8 6 1 V i o l e t t e B e s h a y @ y ah o o .c om DR E # 01718679
Volume 8 | 8January Volume | March 2022 2022
SOUTH BAY MARKETS Carson
4
El Segundo
6
Gardena
8
Hawthorne
10
Hermosa Beach
12
Hollywood Riviera
14
Lawndale
16
Lomita
18
Manhattan Beach
20
Redondo Beach
22
Torrance
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 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 or is in any way responsible for its accuracy. Information is deemed reliable, but not guaranteed. Copyright © 2022.
CARSON Located just 13 miles south of downtown Los Angeles, Carson is the newest incorporated city in the South Bay region. Carson is home to California State University, Dominguez Hills. With more than 120 acres of green space dedicated to outdoor recreation and an expansive sports complex for soccer, tennis, and track and field, Carson offers plentiful opportunities to soak in the California sunshine. Bordered by West Rancho Dominguez, Compton, Rancho Domiguez, and Long Beach, Carson residents enjoy close proximity to South Bay beaches and industrial and tech hubs while offering a warm and inviting suburban lifestyle.
ATTRACTIONS •
Carson Park
•
Dignity Health Sports Park
•
International Printing Museum
RESTAURANTS •
Gnome Village
•
Rosario's Italian Restaurant
•
Darrow's New Orleans Grill
•
Go Kart World
•
Chinollo
•
Back Home in Lahaina
•
Anderson Park
•
Hiccups Tea House
•
Orleans & York Deli
MARKET SUMMARY
F EBRUARY 2022 FEBRUARY
2022 FEBRUARY
2021 PERCENT CHANGE
TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
58
28
$705K
11
$461
48%
47
27
$672K
5
$406
57%
+23%
+4%
+5%
+120%
+13%
-16%
13-MONTH TRENDS $742,500 $715,000
$705,000 $672,000 $630,000
49
47 27
Feb-21
42
Mar-21
$650,000
50
41
Apr-21
$675,000
$665,000
46
47
May-21
60
49
Jun-21
49
59
Jul-21
$720,000
$720,500
$726,000
$705,000
$672,000
74
66
60
42
42
45
Aug-21
Sep-21
Oct-21
49
43
Nov-21
40
40
Dec-21
44
58 37
Jan-22
28
Feb-22
EL SEGUNDO If beachside living and small-town charms with a growing community of businesses sounds appealing, then 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 in 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
•
R6 Distillery
•
Old Town Music Hall
•
Automobile Driving Museum •
•
The Lakes at El Segundo
•
El Segundo Parks & Rec
•
Jame Enoteca
•
Britt's BBQ
Ali'i Fish Company
•
Ensenada's Surf & Turf
Caló Kitchen + Tequila
•
Salt Creek Grille
MARKET SUMMARY
F EBRUARY 2022 FEBRUARY
2022 FEBRUARY
2021 PERCENT CHANGE
TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
12
9
$1.10M
8
$748
75%
19
9
$1.20M
9
$671
47%
-37%
+0%
-8%
-11%
+11%
+58%
13-MONTH TRENDS $1,733,222 $1,518,750
$1,437,500
$1,700,000
$1,575,000
$1,545,500
$1,505,000
$1,365,000 $1,214,500
$1,200,000
$1,170,000
$1,100,000
$925,000
19
9
Feb-21
16
14
Mar-21
23
13
Apr-21
21
14
May-21
21
17
Jun-21
22
16
Jul-21
22
25 13
16
Aug-21
Sep-21
21 7 Oct-21
14
20
Nov-21
14
9
Dec-21
9
9
Jan-22
12
9
Feb-22
GARDENA Once known for its acres and acres of berries, Gardena is now a thriving city in the South Bay. Located approximately 40 minutes to downtown Los Angeles and 20 minutes to Manhattan Beach, this city is ideally located for commuters and beachgoers who seek a quieter life. Not without it's own activities, Gardena has several parks, several enticing restaurants, two card rooms, and more. Between the city and Torrance to the south, there are many opportunities for employment in industrial industries. Gardena also boasts easy freeway access to the 110, 105, and 405, residents are able to travel explore all that Los Angeles has to offer.
ATTRACTIONS
RESTAURANTS
•
Rowley Memorial Park
•
Arthur Lee Johnson Park
•
Spoon House Bakery
•
Jin Jja Roo
•
Thornburg Park
•
Gardena Bowl
•
Kotohira Restaurant
•
Fukagawa
•
Mas Fukai Park
•
Alondra Golf Course
•
O' Young's Rock Pot
•
Grand Fish Tacos & Ceviche
MARKET SUMMARY
F EBRUARY 2022 FEBRUARY
2022 FEBRUARY
2021 PERCENT CHANGE
TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
28
28
$768K
10
$458
100%
45
28
$627K
7
$485
62%
-38%
+0%
+22%
+43%
-6%
+61%
13-MONTH TRENDS $627,400
$680,000
$650,000
$706,500
$724,000 $650,000
$684,500
$690,000
$715,000
$708,000
$725,000
$765,000
$767,500
66 45
43
39 28
25
Feb-21
Mar-21
53
Apr-21
40
38
May-21
48 35
Jun-21
43
39
Jul-21
49 36
39
Aug-21
Sep-21
46
46
49
45 30
Oct-21
Nov-21
30
Dec-21
33
30
Jan-22
28
28
Feb-22
HAWTHORNE Founded in 1905 and incorporated in 1922, Hawthorne is pleasantly nestled in the South Bay with easy access to work, travel, and play. Surrounded by the 405, 110, and 105 freeways, residents have easy access to all that Greater Los Angeles has to offer. Hawthorne boasts several top companies including SpaceX, Tesla, The Boring Company, Northrop Corporation, OSI Systems, and Century Media Records. For those looking for a family-oriented neighborhood in a thriving community, Hawthorne is a great place to call home.
ATTRACTIONS
RESTAURANTS
•
Eucalyptus Skate Park
•
Hawthorne Memorial Park
•
Bossa Nova
•
India's Tandoori Halal
•
Jim Thorpe Park
•
•
Zacatecas
•
Common Space Brewery
•
Star Helicopters
Hawthorne Municipal Airport
•
Hummus House
•
Los Angeles Ale Works
MARKET SUMMARY
F EBRUARY 2022 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
25
24
$803K
11
$723
76%
32
15
$740K
7
$580
42%
-22%
+60%
+9%
+57%
+25%
+84%
FEBRUARY
2022 FEBRUARY
2021 PERCENT CHANGE
13-MONTH TRENDS $840,000
$831,000
$835,000
$870,000
$799,000
$740,000
32
31
33
38
39
37
42
41
$790,000
$810,000
$822,500
47 31
37
47
43
40
32
26
31
15
Feb-21
$875,000
28
25 14
Mar-21
Apr-21
May-21
Jun-21
$803,000
58
50 29
27
$900,000
$880,000
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
24
Feb-22
HERMOSA BEACH Hermosa Beach, home of 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 Farmer's Market
•
Zane's Steakhouse
•
Fritto Misto
•
The Strand
•
South Park
•
Palmilla Cocina y Tequila
•
Dia de Campo
•
The Comedy Club
•
Noble Park
•
Gum Tree
•
Chef Melba's Bistro
MARKET SUMMARY
F EBRUARY 2022 FEBRUARY
2022 FEBRUARY
2021 PERCENT CHANGE
TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
35
7
$2.20M
6
$1,313
20%
53
17
$2.40M
60
$904
32%
-34%
-59%
-8%
-90%
+45%
-38%
13-MONTH TRENDS $2,400,000
$2,487,500
$2,350,000 $2,082,500
$2,082,500
$2,047,500
$2,222,222 $2,000,005
$1,850,000
58
53
28
29
17
Feb-21
Mar-21
51
50
43
Apr-21
$2,800,000
48
May-21
20
Jun-21
40
33
32 21
45
44
Jul-21
19
Aug-21
$2,105,000
Sep-21
$2,200,000 $2,000,000
35
31 18
Oct-21
19
Nov-21
23
22
Dec-21
20
13
Jan-22
7 Feb-22
HOLLYWOOD RIVIERA Hollywood Riviera, coined by developer Clifford Reid in 1927, got its name from bearing a resemblance to the French Riviera and on the dream of utilizing the area's natural setting for Hollywood's silver screens. The area is bordered by Palos Verdes Estates to the south and Redondo Beach and Torrance to the north. Outdoor amenities include the famous Riviera Village, a pedestrian friendly district for galleries, shopping, dining, a weekly Farmer's Market, and more as well as Torrance Beach, Rat Beach, and several parks. Commuters have direct access to Highway 1 and State Routes 107 and 213.
ATTRACTIONS
RESTAURANTS
•
Torrance Beach
•
Riviera Village
•
Bettolino Kitchen
•
Gabi James
•
Rat Beach
•
El Retiro Park
•
Riviera House
•
The Hook & Plow
•
Miramar Park
•
Los Arboles Rocketship Park •
Little Sister
•
TNT Aloha Cafe
MARKET SUMMARY
F EBRUARY 2022 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
8
4
$1.90M
9
$1,026
50%
22
7
$1.55M
11
$898
32%
-64%
-43%
+22%
-18%
+14%
+57%
FEBRUARY
2022 FEBRUARY
2021 PERCENT CHANGE
13-MONTH TRENDS $1,549,000
$1,675,000 $1,420,000
$1,855,250
$1,701,500
$1,980,000 $1,775,000
$1,625,000
$1,897,500 $1,587,500
$1,425,000
$1,402,500
$1,147,500
22
22 15 7
Feb-21
25
20
19 10
15
16
16
14
17 10
14
13
14
17
12 4
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
10 2 Dec-21
5
8 1
Jan-22
4
Feb-22
LAWNDALE Lawndale, California - a beautiful city and community located south of Hawthorne and west of Gardena. The city's close proximity to the beach allows residents to enjoy the marine layer almost identical to that of Manhattan Beach and El Segundo, while in quieter location away from the beach popularity. The city is split diagonally by the 405 freeway, affording convenient access points for commuters. Recreation activities include a golf course and neighboring park that hosts year round family-friendly activities. Local employment opportunities are available in aerospace, oil, and professional services, as well as commuting across the greater metro area.
ATTRACTIONS
RESTAURANTS
•
Alondra Park & Golf Course
•
Jane Addams Park
•
Ensenada's Surf N Turf Grill
•
El Amigo
•
Rudolph Park
•
Hawthorne Boulevard
•
Havana Mania
•
Saigon Dish
•
Roger Anderson Park
•
LA Rugby Club
•
Pacific Rim Thai Kitchen
•
Corner Burger
MARKET SUMMARY
F EBRUARY 2022 FEBRUARY
2022 FEBRUARY
2021 PERCENT CHANGE
TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
13
7
$750K
13
$679
54%
16
8
$595K
10
$504
50%
-19%
-13%
+26%
+30%
+35%
+8%
13-MONTH TRENDS $820,000
$765,000
$740,000
$701,750
16
16
Feb-21
$691,500
$717,500
23
20
17
14
10
12
Mar-21
Apr-21
14
18
22
20
9
Aug-21
Sep-21
5 May-21
Jun-21
Jul-21
$750,000
$659,000
19
11
$763,500
$757,500
$625,000
$594,500
8
$710,000
18
Oct-21
17
12
Nov-21
10
15
Dec-21
13
12 6
7
Jan-22
Feb-22
LOMITA From a simple ranch house to a sleepy narrow gauge electric railroad stop and a handful of roads named after trees and fruits, Lomita has grown into a small city that, in spite of its growth, has maintained its rustic, small-town flavor. The Lomita railroad museum still stands today as a testament to the city's history. Lomita might be one of the smallest cities in the area, and this fact is part of the area charm. As with Neighboring cities, residents have access to an eclectic blend of restaurants, recreation opportunities, and major commuting freeways. Real estate offerings are a blend of single-family and attached homes that are perfect for families, professionals, and investors.
ATTRACTIONS
RESTAURANTS
•
Lomita Railroad Museum
•
Hathaway Park
•
King Poke
•
Harry's Oklahoma BBQ
•
Lomita Park
•
Veterans Park
•
Bites and Bashes Cafe
•
Pinky's Hot Box
•
Lomita Library
•
Planet Escape Room
•
The Nook Breakfast Spot
•
Lomita's Best
MARKET SUMMARY
F EBRUARY 2022 FEBRUARY
2022 FEBRUARY
2021 PERCENT CHANGE
TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
18
6
$880K
11
$619
33%
18
14
$724K
10
$424
78%
+0%
-57%
+22%
+10%
+46%
-57%
13-MONTH TRENDS $999,500 $850,000 $723,500
18
$754,500
$770,500
22 14
Feb-21
16
12
Mar-21
$875,500
$876,000 $799,000
26 20
20
14
Apr-21
$839,625
May-21
18
14
Jun-21
14
12
Jul-21
$925,000
$777,000
27
25
$880,000 $732,500
25
10
10
11
Aug-21
Sep-21
Oct-21
14
16
19
18
14
18 6
Nov-21
Dec-21
Jan-22
Feb-22
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 •
Roundhouse Aquarium
•
The Strand Bike Path
•
Manhattan Beach Art Center
RESTAURANTS •
•
Polliwog Park & Manhattan Beach Botanical Garden Bruce's Beach
•
The Strand House
•
The Arthur J
•
Jute Coastal Bar + Kitchen
•
Zinc
•
Simmzy's
•
Nick's Manhattan Beach
MARKET SUMMARY
F EBRUARY 2022 FEBRUARY
2022 FEBRUARY
2021 PERCENT CHANGE
TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
42
24
$4.03M
6
$1,206
57%
108
27
$3.08M
18
$1,041
25%
-61%
-11%
+31%
-67%
+16%
+129%
13-MONTH TRENDS $4,025,500
$3,075,000
$3,129,375
$3,358,000 $2,765,000
108
120
106
27
Feb-21
42
$2,988,000
$3,187,500
84 52
57
45
$2,680,000
87
74 54
$3,200,000
$2,977,500
$2,787,500
104
98
48
$3,500,000
$3,350,000
73 42
62 41
44
37
35
42
35 17
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
24
Feb-22
REDONDO BEACH Located at the start of Los Angele's 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 as well as in neighboring city, Torrance. Those looking for single-family and condos/ townhomes can find properties right along the water as well as a short walk or drive away from the water's edge.
ATTRACTIONS
RESTAURANTS
•
Seaside Lagoon
•
Hopkins Wilderness Park
•
Bluewater Grill
•
Pura Vita
•
South Bay Galleria
•
Veterans Park
•
Sea Level Restaurant
•
Maderos Cocina Mexicana
•
Redondo Beach Marina
•
RB Performing Arts Center
•
The Standing Room
•
Hudson House
MARKET SUMMARY
F EBRUARY 2022 FEBRUARY
2022 FEBRUARY
2021 PERCENT CHANGE
TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
64
36
$1.24M
7
$740
56%
95
60
$1.24M
15
$685
63%
-33%
-40%
+0%
-53%
+8%
-11%
13-MONTH TRENDS $1,339,000 $1,237,500
107 100
95
$1,300,000
116
94
$1,333,500
91
90
$1,342,500
116
96
$1,300,000
110
98
60
Feb-21
$1,311,000
103
82
$1,380,000
$1,427,000
$1,366,000
104
78
83
96 49
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
$1,336,500
$1,249,000
Sep-21
Oct-21
$1,242,500
77
Nov-21
70 38
30
37
Dec-21
Jan-22
64
36
Feb-22
TORRANCE Torrance is the eight largest city in Los Angeles County, and as such, provides an abundance of lifestyle experiences. Choose to live by the beach, slightly further inland, or in a more suburban setting. Torrance has something for everyone — traditional and luxury, homes, condos, and townhomes. In Torrance, year round local events, Recreation parks, museums, shopping, and a plethora of authentic cuisine are all a short distance away. Torrance is also home to El Camino College and a robust collection of industries. Aviation enthusiasts can find home at Zamperini field, a municipal airport primarily for private aircraft and instruction.
ATTRACTIONS
RESTAURANTS
•
Torrance Beach
•
Columbia Park
•
The San Franciscan
•
Madre
•
Zamperini Field
•
Torrance Art Museum
•
King Hawaiian Bakery
•
Shrimp By You
•
Madronna Marsh Preserve
•
Charles Wilson Park
•
Silog
•
Din Tai Fung
MARKET SUMMARY
F EBRUARY 2022 FEBRUARY
2022 FEBRUARY
2021 PERCENT CHANGE
TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
86
72
$910K
8
$663
84%
105
74
$829K
9
$537
70%
-18%
-3%
+10%
-11%
+23%
+19%
13-MONTH TRENDS $950,000 $829,300
105
110
131
74
Feb-21
$895,000
$870,500
$880,000
138
129 118
126
106
107
$910,000
$902,500
115 121
124
$830,000
142 137
$970,000 $865,000
$900,000
Apr-21
May-21
Jun-21
Jul-21
Aug-21
$910,250
146 112 111
111
94 103 60
Mar-21
$915,000
Sep-21
Oct-21
Nov-21
Dec-21
76
75
Jan-22
86
72
Feb-22
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
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