Denise Fast Market Intelligence Report Marina del Rey and Venice

WESTSIDE MDR - VENICE

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Market MarketIntelligence IntelligenceReport Report Volume Volume88| |May July 2022 2022

REALTOR - OFFICE MANAGER

310.699.9693 DFast@eplahomes.com www.denisefast.com Lic# 01211435

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

JULY 2022 JULY

2022 JULY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

107

39

$1.32M

12

$850

36%

142

50

$1.18M

15

$762

35%

-25%

-22%

+12%

-20%

+11%

+4%

13-MONTH TRENDS

$1,179,125

142

$1,243,000

134

50

Jul-21

$1,219,500

125

40

Aug-21

$1,275,700

107 52

Sep-21

$1,214,000

$1,200,000

96 53

Oct-21

41

Nov-21

64

$1,275,000

83

76 43

Dec-21

$1,155,000

26 Jan-22

$1,285,000

72 26

Feb-22

53

Mar-22

$1,346,000

$1,470,000 $1,320,000

42

Apr-22

107

103

89

74

$1,315,000

31

May-22

40

Jun-22

39

Jul-22

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

JULY 2022 JULY

2022 JULY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

87

21

$2.20M

14

$1,399

24%

142

33

$2.20M

17

$1,162

23%

-39%

-36%

0%

-18%

+20%

+4%

13-MONTH TRENDS $2,500,000 $2,200,000

$1,880,000

142

127

33

Jul-21

$2,485,000

$2,462,500

$2,181,500

123

32

Aug-21

$1,935,000

$1,885,000

110

18 Sep-21

95 28

Oct-21

$2,290,500

$2,297,636

$2,320,000

$2,200,000

$1,915,000

71 29

32

Nov-21

Dec-21

79

69

58 18 Jan-22

91

81

75

25

31

35

Feb-22

Mar-22

Apr-22

32

May-22

87 22

Jun-22

21

Jul-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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