WESTSIDE Matthew Powers, MBA
Market Market Intelligence Intelligence Report
REALTOR®
Volume 7 | November 2021
Cell (310) 280-6083 E-Mail MpowersRealty@gmail.com MPowersRealty.com DRE# 02057166
“A ship is always safe at shore but that is not what it’s built for”
1 2 4 Wa s h in g t o n B lv d . Ma r in a De l R e y, C A 9 0 2 9 2
WESTSIDE MARKETS Beverly Hills
4
Beverlywood
6
Brentwood
8
Cheviot Hills
10
The Crenshaw District
12
Culver City
14
Hollywood
16
Inglewood
18
Leimert Park
20
Marina Del Rey
22
Pacific Palisades
24
Palms/Mar Vista
26
Playa Del Rey
28
Playa Vista
30
Santa Monica
32
Venice
34
View Park-Windsor Hills
36
West Hollywood
38
West Los Angeles
40
Westchester
42
Westwood/Century City
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 previous month exceed current inventory.
The Westside Market 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 © 2021.
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 • Ocean Prime
• Rodeo Drive
• Beverly Hills Farmers Market • Spago
• Beverly Gardens Park
• Several Art Galleries
• Wally's Beverly Hills
• Il Cielo
• Beverly Canon Gardens
• Academy of Motion Picture
• Il Pastaio
• The Penthouse at Mastro's
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
110
39
$4.10M
27
$1,166
35%
2020
116
16
$2.47M
39
$908
14%
PERCENT CHANGE
-5%
+144%
+66%
-31%
+28%
+157%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $2,469,000
$2,800,000
$4,600,000 $2,375,500
$2,700,000
203
116
191
$2,625,000
179
150
130
125
$3,875,000
16
15
19
22
19
26
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
$3,925,000
$2,852,500
173
168
$2,857,875
$2,750,000
154
145
$3,300,000
131
$4,100,000
110
43
33
32
33
33
25
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
39
Oct-21
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
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
51
29
$1.45M
26
$776
57%
2020
68
23
$1.46M
18
$873
34%
PERCENT CHANGE
-25%
+26%
-1%
+44%
-11%
+68%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $1,460,800
$1,556,000 $1,335,000
$1,750,000 $1,450,000
$1,536,000
$1,672,500
$1,615,000
$1,642,500 $1,200,000
$1,100,000
68
57
44
23
22
26
Oct-20
Nov-20
Dec-20
38
65
58
55 17
11
15
Jan-21
Feb-21
Mar-21
65
60
58
27
21
Apr-21
May-21
57
30
28
Jun-21
Jul-21
$1,350,000
56
$1,450,000
51
17
21
Aug-21
Sep-21
29
Oct-21
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
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
145
41
$1.81M
14
$817
28%
2020
141
44
$2.52M
20
$814
31%
PERCENT CHANGE
+3%
-7%
-28%
-30%
+0%
-9%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $2,605,000
$2,522,500 $2,000,000
$2,225,000
$2,200,000 $1,785,000
$1,850,000
$1,666,379 $1,290,000
193 163
141
134
161
160
156
152
127
104
$2,100,000
$1,875,000
154
$1,810,000 $1,475,000
145
140
82
44
41
48
Oct-20
Nov-20
Dec-20
30
35
Jan-21
Feb-21
47
Mar-21
Apr-21
54
54
49
40
May-21
Jun-21
Jul-21
Aug-21
53
Sep-21
41
Oct-21
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
• Hillcrest Country Club • Griffin Club Los Angeles
• Rancho Park 3 Par Golf • Triangle Park
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
20
7
$2.42M
14
$966
35%
2020
20
11
$1.76M
10
$978
55%
PERCENT CHANGE
+0%
-36%
+38%
+40%
-1%
-36%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $3,007,000
$3,325,000 $2,775,000 $2,400,000
$2,650,000 $2,198,000
$2,159,000
$1,850,000
$1,755,000
20 11
Oct-20
17 9
Nov-20
12
9
Dec-20
14
$2,142,000
$2,419,000 $2,024,000
$2,050,000
23
19 7
7
Jan-21
Feb-21
11
8
Mar-21
14
9
Apr-21
12 3
May-21
9
7
Jun-21
13
7
Jul-21
14 4
Aug-21
20 7
7
Sep-21
Oct-21
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
• Kenneth Hahn State Park
• Jim Gilliam Park
• Hotville Chicken
• The Kickin' Crab
• Rancho Cienega Recreation Center
• Baldwin Hills Crenshaw Mall
• Yordanos Ethiopian
• Southern Girl Desserts
• Norman O. Houston Park
• Village Cafe & Pizza
• Post & Beam
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
13
13
$980K
11
$678
100%
2020
13
14
$918K
9
$562
108%
PERCENT CHANGE
+0%
-7%
+7%
+22%
+21%
-7%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $1,668,000
$917,500
$945,000
$1,006,000
$1,112,500
$985,000 $650,000
13
14
17 5
Oct-20
Nov-20
31
26
23 11
Dec-20
7
9
Jan-21
Feb-21
16
Mar-21
23
18
Apr-21
21 13
May-21
17
14
Jun-21
$980,000
$835,000
$820,000
$802,500
27
$1,153,750
$1,060,000
18
12
Jul-21
15
13
Aug-21
17 6
Sep-21
13
13
Oct-21
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 • Meet in Paris
• Sony Pictures Studio
• Baldwin Hills Scenic Overlook • Loqui
• Culver City Park
• Culver Hotel
• Destroyer
• Janga by Derrick's
• The Culver Studios
• Downtown Culver City
• Pasta Sisters
• Seasalt Fish Grill
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
82
52
$907K
15
$715
63%
2020
98
57
$990K
16
$677
58%
PERCENT CHANGE
-16%
-9%
-8%
-6%
+6%
+9%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $1,129,000
$990,000
$1,210,000 $980,000
$1,122,000
$1,160,000
$1,160,000
$1,330,000
$1,270,000 $1,020,000
98 82 42
Oct-20
81
74
57
Nov-20
46
51
Dec-20
77 55
38
$906,500
$834,000
$769,500
34
35
Jan-21
Feb-21
Mar-21
86
77 51
55
Apr-21
May-21
73 54
Jun-21
93
84
82
65 46
Jul-21
Aug-21
39
Sep-21
52
Oct-21
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
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
96
25
$1.18M
18
$672
26%
2020
84
27
$880K
19
$606
32%
PERCENT CHANGE
+14%
-7%
+34%
-5%
+11%
-19%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $1,155,000 $880,000
$875,000
$885,000
$920,000
$910,000
117 86
84
27
Oct-20
105
18
21
27
21
Nov-20
Dec-20
Jan-21
Feb-21
102
99
97
82
74
$956,250
$846,400
34
39
Mar-21
Apr-21
26
May-21
$1,175,000
$1,065,000
34
Jun-21
$875,000
$892,000
109
104
$870,000
96
92
19
23
27
25
Jul-21
Aug-21
Sep-21
Oct-21
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
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
70
37
$675K
14
$529
53%
2020
78
38
$669K
9
$469
49%
PERCENT CHANGE
-10%
-3%
+1%
+56%
+13%
+8%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $790,000 $708,000
$669,000
78
$699,000 $580,000
$575,000
$722,500 $619,000
$578,975
$660,000
$650,000
78 38
Oct-20
49
41
26
Nov-20
Dec-20
55
54 33
25
Jan-21
63
55
48
32
31
26
28
Feb-21
Mar-21
Apr-21
May-21
Jun-21
74
65
63 39
$675,000
$625,000
70
27
28
27
Jul-21
Aug-21
Sep-21
37
Oct-21
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 • Ackee Bamboo Arts Center • Earle's on Crenshaw • World Stage Performance • Swift Cafe Gallery
• Kim's Restaurant • Hot and Cool Cafe • The District by GS
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
22
10
$968K
11
$659
45%
2020
28
17
$915K
22
$592
61%
PERCENT CHANGE
-21%
-41%
+6%
-50%
+11%
-25%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $915,000
$940,500
$910,000
$950,000 $850,000
$870,000
$886,500
26
26
$942,500
$922,750
16
17
$985,000
$997,500
$967,500
$752,965
28 17
Oct-20
32
30
26
25 12
13
Nov-20
Dec-20
9
Jan-21
27 12
Feb-21
17
Mar-21
15
Apr-21
12
May-21
14
Jun-21
23 11
Jul-21
19
16
7
Aug-21
Sep-21
22 10
Oct-21
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
• Mendocino Farms
• Fisherman's Village
• Marvin Braude Bike Path
• Beachside Restaurant & Bar
• Whiskey Red's Restaurant
• Marina's Beach
• Several Yacht Clubs
• SALT Restaurant & Bar
• The Warehouse Restaurant
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
107
53
$1.28M
23
$776
50%
2020
99
42
$1.15M
16
$761
42%
PERCENT CHANGE
+8%
+26%
+11%
+44%
+2%
+17%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $1,145,000
$1,200,000
$1,340,000
$1,226,510
$1,125,000
102
42
Oct-20
30
33
34
35
Nov-20
Dec-20
Jan-21
Feb-21
147
129
111
99
$1,210,000
$1,359,500
$1,053,750
134
130 99
$1,228,000
42
Mar-21
56
Apr-21
144
$1,179,125
142
$1,243,000
134
49
44
50
May-21
Jun-21
Jul-21
$1,219,500
125
40
Aug-21
$1,275,700
107
52
53
Sep-21
Oct-21
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 mid-century 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
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
120
29
$2.95M
24
$1,166
24%
2020
93
41
$3.05M
17
$1,093
44%
PERCENT CHANGE
+29%
-29%
-3%
+41%
+7%
-45%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $3,050,000
$3,650,000
$3,367,000 $2,330,000
$2,593,750
$3,233,000
143 102
43 26
Oct-20
Nov-20
$3,562,500
$4,147,500 $2,950,000
141
133
125
123
120
119
113
88
75 41
$3,562,500
$2,575,000
127 93
$3,440,000
$3,279,300
39
52
45
43
47
May-21
Jun-21
42
40
Jul-21
Aug-21
22
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
29
29
Sep-21
Oct-21
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 Bike Path • Rustic Kitchen Market & Cafe • 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
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
81
46
$1.59M
12
$886
57%
2020
101
54
$1.62M
17
$901
53%
PERCENT CHANGE
-20%
-15%
-2%
-29%
-2%
+6%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $1,615,000
$1,565,000
$1,650,000
$1,550,000
$1,650,000
$1,847,500
54
Oct-20
83 61 41
Nov-20
87 56
35
Dec-20
Jan-21
87
46 31
Mar-21
81
69
28
Feb-21
$1,850,000
$1,637,500
$1,587,000
$1,447,500
77
56 37
$1,596,500
$1,462,500
101 84
$1,649,000
Apr-21
May-21
80
81
80
42
42
42
39
Jun-21
Jul-21
Aug-21
Sep-21
46
Oct-21
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 Lebanese Cuisine
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
51
17
$812K
19
$726
33%
2020
36
16
$726K
14
$692
44%
PERCENT CHANGE
+42%
+6%
+12%
+36%
+5%
-25%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $840,000
$833,500 $785,000 $725,750
$715,000
$734,000
$736,500
$749,000 $715,000
38
36 16
Oct-20
10
Nov-20
21
21
Dec-20
22 10
Jan-21
Feb-21
63
56
51
16
$812,000
$769,000
$710,000
66 48
$805,000
24
24
27
Mar-21
Apr-21
May-21
61
55
35
Jun-21
51
43 24
25
Jul-21
Aug-21
29 17
Sep-21
Oct-21
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
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
37
20
$1.06M
7
$793
54%
2020
45
20
$1.23M
55
$745
44%
PERCENT CHANGE
-18%
+0%
-14%
-87%
+6%
+22%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $1,850,000 $1,667,500 $1,400,500 $1,229,100
$1,125,000
$1,223,000
$1,307,500 $1,092,000
60 45
41 20
16
Oct-20
Nov-20
9
Dec-20
16
Jan-21
11
Feb-21
$1,200,000
$1,160,000
$1,055,000
$1,024,500
52
41
39
$1,565,000
46 22
Mar-21
27
Apr-21
36
28
May-21
33
24
Jun-21
26
27
Jul-21
26
21
Aug-21
31
37 23
20
Sep-21
Oct-21
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 Seafood Market
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
266
81
$1.40M
15
$993
30%
2020
223
64
$1.38M
17
$982
29%
PERCENT CHANGE
+19%
+27%
+1%
-12%
+1%
+6%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $1,512,500 $1,380,000
$1,300,000 $1,150,000
212
59
Oct-20
Nov-20
$1,742,500
$1,470,000
$1,400,000
$1,185,000
300
298
280
293
277
276
287
266
203
164 64
$1,450,000
$1,370,000
292 223
$1,845,000
$1,691,250
$1,687,500
79
Dec-20
47
35
Jan-21
Feb-21
76
86
88
93
89
Mar-21
Apr-21
May-21
Jun-21
Jul-21
70
Aug-21
90
81
Sep-21
Oct-21
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
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
110
28
$2.18M
35
$1,093
25%
2020
90
25
$2.08M
21
$1,143
28%
PERCENT CHANGE
+22%
+12%
+5%
+67%
-4%
-8%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $2,075,000
$2,107,500
$2,045,000
$1,888,000
$1,814,000
$1,918,000
$2,200,000 $2,030,000
$2,181,500 $1,880,000
$1,722,500
$1,885,000
$1,408,000
95
90
Oct-20
16
Nov-20
151
133
142
127
123
110
89
70 25
147
141
123
37 15
Dec-20
Jan-21
31
30
Feb-21
Mar-21
20
Apr-21
38
32
33
32
May-21
Jun-21
Jul-21
Aug-21
18
Sep-21
28
Oct-21
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
• Kenneth Hahn Park and Disc Golf Course
• Jerusalem Chicken
• New Orleans Snowballs
• Simply Wholesome
• Sachi Teriyaki House
• Ladera Park
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
15
9
$1.43M
15
$647
60%
2020
15
7
$1.33M
9
$590
47%
PERCENT CHANGE
+0%
+29%
+8%
+67%
+10%
+29%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $1,325,000
$1,344,700
$1,307,750 $1,200,000
$1,199,999 $1,084,500
15 7
Oct-20
10
14 8
Nov-20
$1,146,250
$1,138,000
$1,215,000
21
16
15
$1,100,000
13
5
5
7
9
Dec-20
Jan-21
Feb-21
Mar-21
13
10
Apr-21
21 12
4
May-21
6
Jun-21
$1,429,900
$1,152,500
18
12
$1,375,000
Jul-21
19 8
Aug-21
15 5
Sep-21
9
Oct-21
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
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
169
61
$1.10M
19
$823
36%
2020
153
42
$971K
23
$764
27%
PERCENT CHANGE
+10%
+45%
+13%
-17%
+8%
+31%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $1,285,000 $971,250
$1,039,500 $875,000
$1,150,000 $1,011,250
$1,004,250
212 153
141
42
Oct-20
$967,000
$1,082,500
$1,140,000
$1,117,500
$1,100,000 $915,000
220
212
191
188
184
179
182
169
123
116 53
52
Nov-20
Dec-20
42
41
Jan-21
Feb-21
66
Mar-21
53
54
Apr-21
May-21
65
Jun-21
54
57
Jul-21
Aug-21
45
Sep-21
61
Oct-21
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
• Los Angeles National Veterans Park
• Sonrita's Prime Tacos
• Killer Noodle Tsujita
• Tsujita LA Artisan Noodle
• Plan Check Kitchen + Bar
• W Pico Boulevard
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
60
29
$1.05M
22
$723
48%
2020
53
30
$1.14M
19
$716
57%
PERCENT CHANGE
+13%
-3%
-8%
+16%
+1%
-15%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $1,268,844
$1,142,500
$1,110,000 $950,000
$1,093,750 $895,000
$852,000
62
53
46 30
Oct-20
25
23
Nov-20
Dec-20
18
Jan-21
26
Feb-21
$895,000
68
47
39
$1,082,500
68 38
33
65
60 32
32
Jun-21
Jul-21
36
21
Mar-21
$995,000
$1,050,000
81
78
73
$1,036,944
$965,000
Apr-21
May-21
Aug-21
60 31
29
Sep-21
Oct-21
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
RESTAURANTS • Howard Hughes Shopping Center
• Loyola Marymount University
• Ayara Thai Cuisine
• Benny's Tacos & Rotisserie
• The Ramen Joint
• Truxton's American Bistro
• Aliki's Greek Taverna
• Melody Bar & Grill
• Westchester Golf Course • Otis College of Art & Design
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
40
24
$1.37M
22
$797
60%
2020
63
41
$1.27M
9
$793
65%
PERCENT CHANGE
-37%
-41%
+8%
+144%
+0%
-8%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $1,269,000
$1,172,000
$1,271,250
$1,250,000
$1,287,500
$1,225,000
$1,335,000
$1,425,000
$1,385,000
41
Oct-20
50
46 34
Nov-20
26
32
Dec-20
22
17
Jan-21
42
44
38
47
Mar-21
Apr-21
47
May-21
$1,400,000
$1,374,500
64 51
50
49
30
25
22
Feb-21
52
$1,337,500
77
69
63
$1,425,000
Jun-21
Jul-21
Aug-21
40 24
Sep-21
Oct-21
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
RESTAURANTS • Fox Studios
• KazuNori
• Din Tai Fung
• Westfield Century City
• Gushi
• Hinoki & The Bird
• Holmby Park
• CAVA
• Craft
• Los Angeles Country Club
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
270
84
$1.20M
29
$736
31%
2020
188
62
$1.27M
28
$748
33%
PERCENT CHANGE
+44%
+35%
-5%
+4%
-2%
-6%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $1,272,000
$1,330,000
$1,274,500 $1,136,000
$1,090,000
$1,175,000
192
62
Oct-20
Nov-20
311
297
318
293
$1,070,000
$1,150,000
319
306
$1,175,000
304
$1,202,500
270
187
161
48
$1,190,000
$1,010,000
276 188
$1,226,000
67
Dec-20
49
55
Jan-21
Feb-21
78
75
81
Mar-21
Apr-21
May-21
97
Jun-21
82
Jul-21
67
77
84
Aug-21
Sep-21
Oct-21
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
W E A R E T H E COA S T
600+ Local Agents | 12 Offices Luxury Residential | Commercial Investment Division | International DRE: #01879720
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Matthew Powers, MBA REALTOR®
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