RE/MAX Estate Properties - Westside

Page 1

WESTSIDE Market Intelligence Report Volume 8 | June 2022


WESTSIDE MARKETS Beverly Hills

4

Palms/Mar Vista

26

Beverlywood

6

Playa Del Rey

28

Brentwood

8

Playa Vista

30

Cheviot Hills

10

Santa Monica

32

The Crenshaw District

12

Venice

34

Culver City

14

View Park-Windsor Hills

36

Hollywood

16

West Hollywood

38

Inglewood

18

West Los Angeles

40

Leimert Park

20

Westchester

42

Marina Del Rey

22

Westwood/Century City 44

Pacific Palisades

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 the previous month exceed current inventory.

The Westside 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 are in any way responsible for its accuracy. Information is deemed reliable, but not guaranteed. Copyright © 2022.


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 Spago

Ocean Prime

Wally's Beverly Hills

Il Cielo

Il Pastaio

The Penthouse at Mastro's

Rodeo Drive

Beverly Hills Farmers Market •

Beverly Gardens Park

Several Art Galleries

Beverly Canon Gardens

Academy of Motion Picture


MARKET SUMMARY

MAY 2022 MAY

2022 MAY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

116

35

$2.42M

22

$1,100

30%

168

33

$3.93M

21

$1,050

20%

-31%

+6%

-38%

+5%

+5%

+54%

13-MONTH TRENDS $5,777,753 $4,900,000

$4,890,000

$4,100,000

$3,925,000 $2,852,500

$2,857,875

$3,510,000

$3,300,000

$2,900,000

$2,750,000

$1,912,500

173

168

33 May-21

154

145

32 Jun-21

33 Jul-21

131

110

33

25

Aug-21

Sep-21

103 39

Oct-21

106

84 19

25

Nov-21

Dec-21

16 Jan-22

116

115

106

98

$2,418,000

23

21

22

Feb-22

Mar-22

Apr-22

35 May-22


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 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

MAY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

40

24

$1.34M

8

$828

60%

65

21

$1.10M

22

$759

32%

-38%

+14%

+21%

-64%

+9%

+86%

MAY

2022 MAY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,672,500

$1,765,000 $1,642,500

$1,630,000 $1,350,000

65

May-21

$1,335,000

$1,155,000 $1,005,000

60

58

21

$1,450,000

$1,200,000

$1,100,000

$1,756,500

$1,625,000

30

Jun-21

57 28

Jul-21

56

51

17

21

Aug-21

Sep-21

29

Oct-21

40

18

Nov-21

25

26

Dec-21

25

28 15

Jan-22

17

Feb-22

29

40

35 22

18

Mar-22

Apr-22

24

May-22


BRENTWOOD Brentwood got its 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 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

MAY 2022 MAY

2022 MAY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

85

57

$2.27M

13

$989

67%

161

54

$2.22M

15

$872

34%

-47%

+6%

+2%

-13%

+13%

+100%

13-MONTH TRENDS $3,002,500

$2,460,000 $2,225,000

$1,666,379 $1,290,000

161

156

152

54

May-21

$2,241,625

$2,100,000

54

Jun-21

154

49

Jul-21

$1,810,000

Aug-21

$1,650,000

$1,475,000

$1,637,500

145

140

40

$2,270,000

$2,065,000

114

53

Sep-21

77 41

Oct-21

39

Nov-21

56

Dec-21

29 Jan-22

105

103

95

80

85

28

39

50

57

Feb-22

Mar-22

Apr-22

May-22


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 the neighborhood's borders there is a sizable recreation center with tennis, swimming, golf, and archery, and 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 Rancho Park 3 Par Golf

Hillcrest Country Club

Griffin Club Los Angeles

Triangle Park


MARKET SUMMARY

MAY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

10

5

$2.00M

12

$1,063

50%

12

3

$1.85M

10

$956

25%

-17%

+67%

+8%

+20%

+11%

+100%

MAY

2022 MAY

2021 PERCENT CHANGE

13-MONTH TRENDS $4,000,000

$3,750,000 $3,325,000

$3,100,000

$3,145,000

$3,212,500

$2,759,000 $2,142,000 $1,850,000

$2,419,000

$2,024,000

$2,050,000

23

12

9 3

May-21

$2,000,000

20

15

14

13 7

7

Jun-21

Jul-21

4 Aug-21

7

7

Sep-21

Oct-21

9

Nov-21

8

6

Dec-21

8

8

9 3

Jan-22

Feb-22

3

4

Mar-22

8

7

Apr-22

10

5

May-22


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, the 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 Hotville Chicken

The Kickin' Crab

Baldwin Hills Crenshaw Mall •

Yordanos Ethiopian

Southern Girl Desserts

Village Cafe & Pizza

Post & Beam

Kenneth Hahn State Park

Jim Gilliam Park

Rancho Cienega Recreation Center

• •

Norman O. Houston Park


MARKET SUMMARY

MAY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

16

8

$1.47M

13

$760

50%

21

13

$1.06M

10

$672

62%

-24%

-38%

+38%

+30%

+13%

-19%

MAY

2022 MAY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,668,000

$980,000

13

17

14

18 12

15

13

17

13

13

6

May-21

Jun-21

Jul-21

Aug-21

Sep-21

Oct-21

$1,100,000 $942,500

$904,000

$835,000

$820,000

21

$1,175,000

$1,153,750

$1,060,000

10

9

Nov-21

$1,465,000

$1,377,500

$1,300,000

9

12

Dec-21

13 8

6

5

Jan-22

Feb-22

9

12

Mar-22

16

12

Apr-22

16 8

May-22


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

Sony Pictures Studio

Baldwin Hills Overlook

Loqui

Meet in Paris

Culver City Park

Culver Hotel

Destroyer

Janga by Derrick's

The Culver Studios

Downtown Culver City

Pasta Sisters

Seasalt Fish Grill


MARKET SUMMARY

MAY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

51

41

$1.25M

10

$802

80%

77

55

$1.16M

10

$758

71%

-34%

-25%

+7%

0%

+6%

+13%

MAY

2022 MAY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,330,000

$1,302,500

$1,270,000

$1,325,000

$1,267,500

$1,160,000

$1,245,000 $1,150,000

$1,020,000 $906,500

$834,000

86

77

55

May-21

73 54

Jun-21

$822,000

93

84

82

65 46

Jul-21

Aug-21

$900,000

39

Sep-21

73 52

Oct-21

46

Nov-21

43

51

Dec-21

44

59

51 31

Jan-22

54

28

30

Feb-22

Mar-22

44

Apr-22

51

41

May-22


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

MAY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

81

12

$1.03M

10

$838

15%

99

26

$956K

22

$596

26%

-18%

-54%

+7%

-55%

+41%

-44%

MAY

2022 MAY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,295,000 $1,175,000

$1,175,000

$1,065,000

102

99

26

May-21

34

Jun-21

$875,000

$892,000

109

104

19 Jul-21

$870,000

23

27

Aug-21

Sep-21

$1,025,000

$823,675

96

92

$1,003,500

$994,000

$990,000

$956,250

84

25

Oct-21

66

63

23

21

Nov-21

Dec-21

60

20 Jan-22

81

71

58

22

21

27

Feb-22

Mar-22

Apr-22

12 May-22


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 travel. 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

MAY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

62

33

$725K

15

$553

53%

48

28

$660K

8

$495

58%

+29%

+18%

+10%

+88%

+12%

-9%

MAY

2022 MAY

2021 PERCENT CHANGE

13-MONTH TRENDS

$660,000

48 28

May-21

$722,500

$650,000

$625,000

63

63 39

Jun-21

Jul-21

$675,000

74

65 27

$790,000

70

28

27

Aug-21

Sep-21

$675,000

$683,500

$700,000

63

37

Oct-21

33

Nov-21

44

32

Dec-21

42

$755,500 $670,000

57

55 34

Jan-22

37 22

Feb-22

Mar-22

$707,500

$725,000

63

62 24

Apr-22

33

May-22


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 Arts Center

World Stage Performance Gallery

Ackee Bamboo

Kim's Restaurant

Earle's on Crenshaw

Hot and Cool Cafe

Swift Cafe

The District by GS


MARKET SUMMARY

MAY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

28

13

$1.04M

13

$727

46%

26

12

$887K

11

$612

46%

+8%

+8%

+17%

+18%

+19%

0%

MAY

2022 MAY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,104,239 $886,500

$942,500

$922,750

26

$985,000

12

May-21

14

Jun-21

19

17 11

Jul-21

$967,500

$1,000,000

$982,500

$1,010,500

$1,075,650

$980,000

$1,035,000

28

23 16

$997,500

22 10

7

Aug-21

19

16

Sep-21

Oct-21

16

9

Nov-21

13

Dec-21

17

15

Jan-22

20

17

19

10

11

Feb-22

Mar-22

9

Apr-22

13

May-22


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

MAY 2022 MAY

2022 MAY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

89

31

$1.32M

9

$879

35%

147

49

$1.21M

26

$779

33%

-39%

-37%

+9%

-65%

+13%

+4%

13-MONTH TRENDS $1,359,500

$1,210,000

147

$1,179,125

144

49

May-21

142

44

Jun-21

$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

Dec-21

$1,346,000

$1,320,000

$1,155,000

83

76

43

$1,285,000

$1,275,000

26 Jan-22

72 26

Feb-22

53

Mar-22

89

74 42

Apr-22

31 May-22


PACIFIC PALISADES Resting among 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

MAY 2022 MAY

2022 MAY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

69

28

$4.44M

13

$1,408

41%

133

43

$2.58M

13

$1,191

32%

-48%

-35%

+72%

0%

+18%

+26%

13-MONTH TRENDS $5,055,000

$3,440,000

$3,562,500

$4,435,000

$4,425,000

$4,147,500 $3,644,250

$3,562,500

$3,865,000 $3,294,000

$3,100,000

$2,950,000 $2,575,000

141

133

43

May-21

123

47

Jun-21

42

Jul-21

120

119

113 40

Aug-21

29 Sep-21

98 29

Oct-21

38

Nov-21

64

84

74 41

Dec-21

21 Jan-22

67 16

Feb-22

40

Mar-22

69

67 30

28

Apr-22

May-22


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 area's southern border. 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 beachgoers 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 Path

Rustic Kitchen Market

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

MAY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

47

30

$1.96M

9

$1,117

64%

87

31

$1.65M

7

$1,009

36%

-46%

-3%

+19%

+29%

+11%

+79%

MAY

2022 MAY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,850,000 $1,649,000

87

$1,596,500

87

31

May-21

$1,637,500

81 42

Jun-21

$1,587,000

$1,447,500

80

42

Jul-21

Aug-21

$1,800,000 $1,600,000

$1,825,000

$1,875,000

$1,960,000

$1,635,500

81

80

42

$1,700,000

39

Sep-21

46

Oct-21

56

46

Nov-21

37

39

Dec-21

44 24

Jan-22

48

44

40 21

22

Feb-22

Mar-22

35

Apr-22

47 30

May-22


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 1950s, 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 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


MARKET SUMMARY

MAY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

39

11

$685K

9

$743

28%

56

27

$710K

10

$703

48%

-30%

-59%

-4%

-10%

+6%

-42%

MAY

2022 MAY

2021 PERCENT CHANGE

13-MONTH TRENDS

$710,000

$785,000

63

56 27

May-21

$769,000

61 35

Jun-21

$805,000

Jul-21

$850,000

$812,000

$762,500

$695,000

55 24

$840,000

51

43 25

Aug-21

29

Sep-21

$836,000

$885,500

$704,500

$685,000

50 17

Oct-21

15

Nov-21

20

29

Dec-21

19

20

Jan-22

17

10

Feb-22

22

39

34 13

Mar-22

20

Apr-22

11 May-22


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

MAY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

12

12

$1.37M

11

$857

100%

36

28

$1.31M

19

$788

78%

-67%

-57%

+4%

-42%

+9%

+29%

MAY

2022 MAY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,850,000 $1,667,500

$1,600,000

$1,565,000

$1,200,000

$1,055,000

36 28

May-21

$1,365,179

$1,337,000

$1,307,500

33

24

Jun-21

26

27

Jul-21

26

Aug-21

$1,021,000

$1,069,000

37

31 21

$1,150,000 $1,037,500

23

Sep-21

28

20

Oct-21

25 16

Nov-21

14

Dec-21

17

14

Jan-22

19

22

13

15

Feb-22

Mar-22

18

16

Apr-22

12

12

May-22


SANTA MONICA Santa Monica is an iconic name and coastal city. The city is a walkable 8.3 square miles and offers six distinct areas filled with opportunities for outdoor experience and fine shopping and dining. The Santa Monica Pier and Ocean Avenue are landmarks of the area with a quintessentially California lifestyle. Head north to Montana Avenue for ten 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 Market


MARKET SUMMARY

MAY 2022 MAY

2022 MAY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

214

68

$1.71M

10

$1,103

32%

280

88

$1.69M

15

$1,029

31%

-24%

-23%

+1%

-33%

+7%

+1%

13-MONTH TRENDS $1,845,000 $1,691,250 $1,450,000

280

$1,470,000

287

266

218

May-21

93

Jun-21

89

Jul-21

$1,630,000

$1,679,500

$1,709,000

70

90

Aug-21

Sep-21

81

Oct-21

79

72

Nov-21

Dec-21

50 Jan-22

46 Feb-22

214

204

188

187

172

159

88

$1,735,000

$1,730,000 $1,400,000

293

277

276

$1,925,500

$1,908,288 $1,742,500

69

63

68

Mar-22

Apr-22

May-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

MAY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

81

32

$2.30M

19

$1,253

40%

133

38

$2.11M

21

$1,186

29%

-39%

-16%

+9%

-10%

+6%

+38%

MAY

2022 MAY

2021 PERCENT CHANGE

13-MONTH TRENDS $2,500,000 $2,107,500

$2,030,000

151

133

38

May-21

$2,200,000

$1,880,000

142

32 Jun-21

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

$1,915,000

71

29

32

Nov-21

Dec-21

79

69

58 18 Jan-22

81

75

25

31

Feb-22

Mar-22

35

Apr-22

32 May-22


VIEW PARK/WINSOR 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 its 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

Jerusalem Chicken

New Orleans Snowballs

Ladera Park

Kenneth Hahn Park and Disc Golf Course

Simply Wholesome

Sachi Teriyaki House


MARKET SUMMARY

MAY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

15

10

$1.63M

9

$701

67%

12

4

$1.14M

31

$562

33%

+25%

+150%

+44%

-71%

+25%

+103%

MAY

2022 MAY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,625,000 $1,344,700 $1,138,000

$1,215,000

21

21 12

4 May-21

6

Jun-21

$1,429,900

Jul-21

19 8

Aug-21

$1,425,000

15

5

Sep-21

9

Oct-21

9

9

Nov-21

$1,634,250

$1,300,000

$1,260,000

$1,152,500

18

12

$1,375,000

$1,650,000

$1,450,000

13 7

8

Dec-21

18

15

7

Jan-22

18

11

15 9

10

Apr-22

May-22

3 Feb-22

Mar-22


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, making this the hottest place in town. The art and culture continue through the day with book clubs and stores, film festivals and theaters, and theater 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

MAY 2022 MAY

2022 MAY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

149

56

$1.32M

14

$890

38%

191

54

$1.08M

19

$750

28%

-22%

+4%

+22%

-26%

+19%

+33%

13-MONTH TRENDS $1,427,500 $1,285,000 $1,082,500

$1,140,000

$1,263,500

$1,117,500

$1,100,000

$1,050,000

$1,017,500

$985,000

$915,000

191

188

54

May-21

184

179

65

Jun-21

54

Jul-21

182

169

57

45

Aug-21

Sep-21

133

61

Oct-21

127

126

100

57

54

Nov-21

Dec-21

38 Jan-22

$1,315,500

$1,239,750

31 Feb-22

149

138

123 57

48

56

Mar-22

Apr-22

May-22


WEST LOS ANGELES West Los Angeles, also known as Sawtelle Japantown, is a unique neighborhood that celebrates Japanese culture in its restaurants and shops and 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

Sonrita's Prime Tacos

Killer Noodle Tsujita

W Pico Boulevard

Los Angeles National Veterans Park

Tsujita LA Artisan Noodle

Plan Check Kitchen + Bar


MARKET SUMMARY

MAY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

30

22

$1.23M

12

$883

73%

68

38

$1.27M

17

$808

56%

-56%

-42%

-3%

-29%

+9%

+31%

MAY

2022 MAY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,268,844

$1,200,000 $1,036,944

$1,082,500

$995,000

$1,050,000

$1,030,000

$895,000

68

May-21

$1,080,000

$1,150,000

$1,226,175

$935,000

81

68 38

$1,078,750

65

60 32

Jun-21

32

Jul-21

36

Aug-21

60

31

Sep-21

46

29

Oct-21

25

Nov-21

35

33

Dec-21

34

27

Jan-22

27

20

Feb-22

27

23

Mar-22

37

29

Apr-22

30

22

May-22


WESTCHESTER Westchester started as an agricultural area in the early 20th century. However, 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, which offers office space, apartments, and shopping. Westchester is now home to two main college campuses and 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

Loyola Marymount University

Otis College of Art & Design

RESTAURANTS •

Howard Hughes Shopping Center Westchester Golf Course

Ayara Thai Cuisine

Benny's Tacos & Rotisserie

The Ramen Joint

Truxton's American Bistro

Aliki's Greek Taverna

Melody Bar & Grill


MARKET SUMMARY

MAY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

48

23

$1.75M

10

$1,016

48%

52

25

$1.43M

10

$771

48%

-8%

-8%

+22%

0%

+32%

0%

MAY

2022 MAY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,800,000

$1,425,000

$1,385,000

77

69 52

$1,425,000

47

50

64

$1,400,000

51

49

30

25

May-21

$1,337,500

Jun-21

Jul-21

Aug-21

$1,374,500

$1,260,000

41

40 24

Sep-21

$1,500,000

Oct-21

30

$1,491,250

$1,455,000

$1,242,000

30

33

Dec-21

47

43

35 13

Nov-21

$1,745,317

Jan-22

40

39

39

23

22

Feb-22

48

Mar-22

Apr-22

May-22


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 Los Angeles Country Club

RESTAURANTS •

Fox Studios

KazuNori

Din Tai Fung

Westfield Century City

Gushi

Hinoki & The Bird

Holmby Park

CAVA

Craft


MARKET SUMMARY

MAY 2022 MAY

2022 MAY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

201

73

$1.28M

12

$771

36%

293

81

$1.23M

17

$717

28%

-31%

-10%

+4%

-29%

+8%

+31%

13-MONTH TRENDS $1,487,500 $1,226,000

$1,190,000 $1,070,000

318

293

81

May-21

319

306

97

Jun-21

$1,150,000

82

Jul-21

$1,175,000

304

$1,202,500

270

67

77

Aug-21

Sep-21

$1,147,500

242

84

Oct-21

$1,355,000

$1,310,000

$1,345,000

$1,275,000

$1,042,500

196

182 82

77

Nov-21

Dec-21

186 56

Jan-22

201

200

172

78

91

76

73

Feb-22

Mar-22

Apr-22

May-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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