SOUTH BAY Market Intelligence Report Volume 7 | May 2021
SOUTH BAY MARKETS Carson
4
El Segundo
6
Gardena
8
Hawthorne
10
Hermosa Beach
12
Lawndale
14
Lomita
16
Manhattan Beach
18
Redondo Beach
20
Torrance
22
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 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.
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
APRIL 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
50
41
$650K
7
$429
82%
2020
68
40
$578K
9
$374
59%
PERCENT CHANGE
-26%
+3%
+13%
-22%
+15%
+39%
APRIL
2021 APRIL
13-MONTH TRENDS $577,500
$530,000
80
70
68 40
Apr-20
$570,000
31
May-20
$597,500
Jun-20
86
83
77
25
$579,988
32
Jul-21
$605,000
$555,000
84
$582,500
$631,000
$672,000 $601,000
$630,000
$650,000
70
31
34
38
Aug-20
Sep-20
Oct-20
40
38
26
27
Jan-21
Feb-21
22
Nov-20
Dec-20
49
47
46
42
Mar-21
50
41
Apr-21
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
• Jame Enoteca
• Britt's BBQ
• Old Town Music Hall
• Automobile Driving Museum
• Ali'i Fish Company
• Ensenada's Surf & Turf
• The Lakes at El Segundo
• El Segundo Parks & Rec
• Caló Kitchen + Tequila
• Salt Creek Grille
MARKET SUMMARY
APRIL 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
23
13
$1.21M
7
$898
57%
2020
19
3
$1.10M
3
$542
16%
PERCENT CHANGE
+21%
+333%
+10%
+133%
+66%
+258%
APRIL
2021 APRIL
13-MONTH TRENDS $1,781,750
$1,665,000 $1,325,000 $1,100,000
$1,256,875
$1,132,500
46 27
19 3
Apr-20
6
May-20
41
32
28 13
Jun-20
12
Jul-21
$1,517,500
$1,469,000
$1,383,750
20 7
Aug-20
Sep-20
$1,214,500
$1,200,000
$1,180,000
41
$1,437,500
31 13
13
Oct-20
Nov-20
17
16
Dec-20
10
12
Jan-21
19
9
Feb-21
16
14
Mar-21
23
13
Apr-21
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
APRIL 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
43
53
$650K
8
$511
123%
2020
53
23
$570K
8
$370
43%
PERCENT CHANGE
-19%
+130%
+14%
+0%
+38%
+184%
APRIL
2021 APRIL
13-MONTH TRENDS $570,000
$585,000
$602,500
$587,000
$630,000
$603,000
$655,000
91
53
67
63
55
23
23
22
Apr-20
May-20
Jun-20
30
Jul-21
31
Aug-20
32
Sep-20
$590,000
$627,400
$680,000
$650,000
84
74
64
$610,000
$635,000
29
Oct-20
39
49
50 36 19
Nov-20
Dec-20
Jan-21
45
43
39 28
25
Feb-21
Mar-21
53
Apr-21
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
• Jim Thorpe Park
• Hawthorne Municipal Airport • Zacatecas
• Star Helicopters
• Bossa Nova
• Hummus House
• India's Tandoori Halal • Common Space Brewery • Los Angeles Ale Works
MARKET SUMMARY
APRIL 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
38
39
$831K
7
$622
103%
2020
58
11
$755K
8
$544
19%
PERCENT CHANGE
-34%
+255%
+10%
-13%
+14%
+441%
APRIL
2021 APRIL
13-MONTH TRENDS $755,000 $694,000
$720,000
$759,600
91
$795,000
$730,000
75
11
14
Apr-20
May-20
Jun-20
$840,000
$810,000 $725,000
$831,000
$740,000
71
58
27
$761,600
89
76
75
$750,000
33
Jul-21
38
Aug-20
45
Sep-20
41
Oct-20
49 35
Nov-20
41 25
Dec-20
32
31
18
15
Jan-21
Feb-21
15
33
Mar-21
38
39
Apr-21
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
APRIL 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
58
29
$2.35M
7
$920
50%
2020
49
13
$1.75M
19
$1,104
27%
PERCENT CHANGE
+18%
+123%
+34%
-63%
-17%
+88%
APRIL
2021 APRIL
13-MONTH TRENDS $2,400,000
$1,751,500
$1,925,000
$1,937,500
66
64
$2,112,500 $1,900,000
65
$2,050,000 $1,805,000
62
13
10
Apr-20
May-20
18
Jun-20
28
Jul-21
$1,871,500
$1,885,000
60
58
50
49
$1,795,000
20
17
Aug-20
Sep-20
Oct-20
58
53 41
22
13
Nov-20
$2,350,000 $2,082,500
43
38 24
Dec-20
14
17
Jan-21
Feb-21
28
29
Mar-21
Apr-21
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
APRIL 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
12
14
$765K
7
$525
117%
2020
21
5
$725K
11
$379
24%
PERCENT CHANGE
-43%
+180%
+6%
-36%
+39%
+390%
APRIL
2021 APRIL
13-MONTH TRENDS $765,000
$725,000 $659,000 $571,500
$572,500
34
32
21 5
Apr-20
$575,000
35
12
35
14
$625,000
$607,000
Jun-20
Jul-21
$610,000 $535,000
$594,500
31 13
14
Aug-20
Sep-20
20
19
23
16 7
4
May-20
$701,750
$700,000
Oct-20
Nov-20
12
Dec-20
6
13
Jan-21
16 8
Feb-21
10
16
Mar-21
12
14
Apr-21
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
APRIL 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
14
22
$770K
6
$482
157%
2020
27
9
$800K
10
$371
33%
PERCENT CHANGE
-48%
+144%
-4%
-40%
+30%
+371%
APRIL
2021 APRIL
13-MONTH TRENDS $800,000 $700,000
$739,000
$717,000
$680,000
48
41
$702,000
46
$729,000
$789,950 $723,500
$754,500
$770,500
16
14
$659,500
45 33
33
27
$732,000
23
23
9
11
9
8
Apr-20
May-20
Jun-20
Jul-21
13
Aug-20
16
20
16
22 8
Sep-20
Oct-20
Nov-20
Dec-20
12
Jan-21
18
14
Feb-21
22 12
Mar-21
Apr-21
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
RESTAURANTS • Polliwog Park & Manhattan Beach Botanical Garden
• The Strand Bike Path
• The Strand House
• The Arthur J
• Jute Coastal Bar + Kitchen
• Zinc
• Simmzy's
• Nick's Manhattan Beach
• Bruce's Beach • Manhattan Beach Art Center
MARKET SUMMARY
APRIL 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
120
48
$3.36M
6
$1,135
40%
2020
96
23
$2.90M
12
$1,192
24%
PERCENT CHANGE
+25%
+109%
+16%
-50%
-5%
+67%
APRIL
2021 APRIL
13-MONTH TRENDS $3,382,500 $2,900,000
$2,880,000
$2,830,000
$2,880,000
$2,561,779 $2,199,000
$2,375,000
$2,250,000
160
153
132
158
136
121
96 23
20
29
Apr-20
May-20
Jun-20
49
Jul-21
$3,075,000
49
Aug-20
61
Sep-20
108
Oct-20
43
Nov-20
$3,358,000
$2,585,000
96 51
$3,129,375
58
45
Dec-20
55
120
106
18
27
Jan-21
Feb-21
42
48
Mar-21
Apr-21
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
APRIL 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
116
94
$1.30M
7
$681
81%
2020
148
40
$1.15M
8
$627
27%
PERCENT CHANGE
-22%
+135%
+13%
-13%
+9%
+200%
APRIL
2021 APRIL
13-MONTH TRENDS $1,310,000 $1,150,000
$1,165,000 $1,050,000
$1,150,000
238
220
$1,062,500
$1,149,000
195
94 40
Apr-20
52
47
May-20
Jun-20
$1,237,500
$1,339,000
$1,300,000
226 177
164
148
$1,077,000
$1,175,000
$1,241,000
Jul-21
104
Aug-20
110
Sep-20
133 88
Oct-20
87
Nov-20
86
74
Dec-20
107 100
95 62
60
Jan-21
Feb-21
47
Mar-21
116
94
Apr-21
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
• Los Arboles Rocketship Park
• Riviera Village
• The San Franciscan
• Madre
• Torrance Beach
• Columbia Park
• King Hawaiian Bakery
• Shrimp By You
• Zamperini Field
• Torrance Art Museum
• Silog
• Din Tai Fung
MARKET SUMMARY
APRIL 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
106
138
$895K
6
$587
130%
2020
164
80
$780K
10
$488
49%
PERCENT CHANGE
-35%
+73%
+15%
-40%
+20%
167%
APRIL
2021 APRIL
13-MONTH TRENDS $779,500
$815,000
$835,500
234
231
$866,000
$820,000
260
254
$800,000
245
$835,750
$950,000
$876,500 $799,000
$817,500
$829,300
$895,000
228 192
164 94
80
106
123
129
120
104
102
123 55
47
Apr-20
May-20
Jun-20
Jul-21
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
78
Jan-21
110
105
131
138 106
74
Feb-21
Mar-21
Apr-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 1720 S. Elena 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