Vol. 7 | February 2021
Market Intelligence Report LA’s Westside Edition Delivering the facts and trends of the most relevant market activities as they unfold in LA’s Westside real estate communities
RE/MAX Estate Properties 600+ Local Agents • 12 Offices • Luxury Residential Commercial Investment Division • International DRE #01879720
Marina Del Rey JANUARY STATS Key Facts:
$1,300,000 Median Sold Price
$1,336,000
Average Sold Price
97
JANUARY
2020
JANUARY %
2021
Change
Median Price (in $1,000)
$1,544
$1,300
-16%
Average Price Per Sq. Foot
$800
$811
1%
Properties for Sale
92
97 5%
Properties Pending Sales
24
39 63%
Properties Sold
25
32 28%
Days on Market (Sold Homes)
45
55 22%
Monthly Supply of Inventory
3.7
3 -19%
Absorption Rate (Closed Sales) 27.2 33 21%
Listings for Sale
AVERAGE & MEDIAN PRICE $1,800
39
Listings Pending
$3,500 $1,600
$1,300
$1,336
$1,400 $3,000
32
Listings Sold
$2,593
$1,200 $2,500 $1,000 $2,000
$1,655
$800
55
Days On Market
$1,500 $600 $1,000 $400 $500 $200 $$Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2021 Median
Average
Venice JANUARY STATS Key Facts:
$2,789,000 Median Sold Price
$1,574,000
Average Sold Price
125
Listings Pending
2020
JANUARY %
2021
Change
Median Price (in $1,000)
$2,625
$2,789
6%
Average Price Per Sq. Foot
$1,077
$925
-14%
Properties for Sale
92
125 36%
Properties Pending Sales
18
29 61%
Properties Sold
11
16 45%
Days on Market (Sold Homes)
59
81 37%
Monthly Supply of Inventory
8.4
7.8 -7%
Absorption Rate (Closed Sales) 12
12.8 7%
Listings for Sale
29
JANUARY
AVERAGE & MEDIAN PRICE $2,789
$3,000 $3,500
$1,574
$2,500 $3,000
16
$2,593 $2,500 $2,000
Listings Sold $2,000 $1,500
81
Days On Market
$1,655
$1,500 $1,000 $1,000 $500 $500
$-$Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2021 Median
Average
WE A R E T HE COA ST RE/MAX Estate Properties 600+ Local Agents • 12 Offices Luxury Residential • International Commercial Division 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
REDONDO BEACH 1720 S. Elena Avenue Redondo Beach, CA 90277 310.378.7747
MANHATTAN BEACH 1040 Manhattan Beach Blvd. Manhattan Beach, CA 90266 310.376.2225
PALOS VERDES - SILVER SPUR 450 Silver Spur Road Rancho Palos Verdes, CA 90275 310.544.9999
MANHATTAN BEACH / DOWNTOWN 1401 Highland Avenue Manhattan Beach, CA 90266 310.937.5700
TORRANCE 23740 Hawthorne Blvd. Torrance, CA 90505 310.378.9889
MARINA DEL REY / VENICE 124 Washington Blvd. Marina Del Rey, CA 90292 310.577.5300
WEST LOS ANGELES 10500 W. Pico Blvd. Los Angeles, CA 90064 310.559.5570
PALOS VERDES - MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275 310.831.0222
WESTCHESTER / SILICON BEACH 7131 W. Manchester Avenue Los Angeles, CA 90045 310.802.6000
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