Nadra Dahdah Market Intelligence Report South Bay

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SOUTH BAY Market Intelligence Report Volume 8 | August 2022 Market Intelligence Report Volume 8 | November 2022 1901 S Catalina Avenue Redondo Beach, CA 90277 Nadra Dahdah (310) 569-8226 NadraDahdah@gmail.com www.NadraDahdah.com Broker Associate | DRE# 00996145
Carson El Segundo Gardena Hawthorne Hermosa Beach Hollywood Riviera Lawndale Lomita Manhattan Beach Redondo Beach Torrance 4 6 8 10 12 14 16 18 20 22 24 SOUTH BAY MARKETS

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 South Bay 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.

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 Dominguez, 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 RESTAURANTS

• Carson Park

• Dignity Health Sports Park

• International Printing Museum

• Gnome Village

• Go Kart World

• Anderson Park

• Rosario's Italian Restaurant

• Chinollo

• Hiccups Tea House

• Darrow's New Orleans Grill

• Back Home in Lahaina

• Orleans & York Deli

13-MONTH TRENDS MARKET SUMMARY OCTOBER 2022 TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO OCTOBER 2022 8735$699K 8 $49640% OCTOBER 2021 6045 $715K 10 $46075% PERCENT CHANGE +45% -22%-2%-20% +8% -46% 60 49 40 44 58 53 59 70 84 86 74 78 87 45 43 40 37 28 52 48 37 33 32 44 34 35 $715,000 $720,000 $720,500 $726,000 $705,000 $776,944 $737,500 $790,000 $830,000 $795,900 $747,500 $677,500 $699,000 Oct-21 Nov-21 Dec-21Jan-22Feb-22Mar-22Apr-22May-22 Jun-22Jul-22 Aug-22Sep-22Oct-22

EL SEGUNDO

If beachside living and small-town charm with a growing community of businesses sound appealing, 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 of 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

• Old Town Music Hall

• The Lakes at El Segundo

• R6 Distillery

• Automobile Driving Museum

• El Segundo Parks & Rec

• Jame Enoteca

• Ali'i Fish Company

• Caló Kitchen + Tequila

• Britt's BBQ

• Ensenada's Surf & Turf

• Salt Creek Grille

13-MONTH TRENDS MARKET SUMMARY OCTOBER 2022 TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO OCTOBER 2022 1412$1.59M27$1,01386% OCTOBER 2021 217 $925K 13 $72433% PERCENT CHANGE -33% +71%+72%+108%+40%+157% 21 14 14 9 12 20 16 16 18 24 72 15 14 7 20 9 9 9 11 13 20 8 11 31 9 12
Oct-21 Nov-21 Dec-21Jan-22Feb-22Mar-22Apr-22May-22 Jun-22Jul-22 Aug-22Sep-22Oct-22
$925,000 $1,700,000 $1,505,000 $1,170,000 $1,100,000 $1,890,000 $1,700,000 $1,530,000 $2,052,500 $1,300,000 $720,000 $1,143,000 $1,592,500

GARDENA

Once known for its acres and acres of berries, Gardena is now a thriving city in the South Bay. Located approximately 40 minutes from downtown Los Angeles and 20 minutes from Manhattan Beach, this city is ideally located for commuters and beachgoers who seek a quieter life. Not without its own activities, Gardena has several parks, 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, and explore all that Los Angeles has to offer.

ATTRACTIONS RESTAURANTS

• Rowley Memorial Park

• Thornburg Park

• Mas Fukai Park

• Arthur Lee Johnson Park

• Gardena Bowl

• Alondra Golf Course

• Spoon House Bakery

• Kotohira Restaurant

• O' Young's Rock Pot

• Jin Jja Roo

• Fukagawa

• Grand Fish Tacos & Ceviche

13-MONTH TRENDS MARKET SUMMARY OCTOBER 2022 TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO OCTOBER 2022 6832$746K19$57247% OCTOBER 2021 4646 $715K 9 $484100% PERCENT CHANGE +48% -30% +4%+111%+18% -53% 46 49 30 33 28 47 50 44 58 65 72 69 68 46 45 30 30 28 37 38 31 40 29 31 21 32 $715,000 $708,000 $725,000 $765,000 $767,500 $760,000 $825,000 $790,000 $752,500 $770,000 $720,000 $742,903 $746,000 Oct-21 Nov-21 Dec-21Jan-22Feb-22Mar-22Apr-22May-22 Jun-22Jul-22 Aug-22Sep-22Oct-22

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

• Jim Thorpe Park

• Star Helicopters

• Hawthorne Memorial Park

• Hawthorne Municipal Airport

• Bossa Nova

• Zacatecas

• Hummus House

• Common Space Brewery

• Los Angeles Ale Works

Eucalyptus Skate Park India's Tandoori Halal
13-MONTH TRENDS MARKET SUMMARY OCTOBER 2022 TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO OCTOBER 2022 7015$928K11$72621% OCTOBER 2021 4743 $810K 15 $61091% PERCENT CHANGE +49% -65% +15% -27% +19% -77% 47 40 26 28 25 23 36 45 57 52 58 62 70 43 32 31 14 24 31 27 25 23 24 31 26 15 $810,000 $822,500 $900,000 $875,000 $803,000 $875,000 $980,000 $985,000 $938,500 $887,000 $805,000 $940,000 $927,500 Oct-21 Nov-21 Dec-21Jan-22Feb-22Mar-22Apr-22May-22 Jun-22Jul-22 Aug-22Sep-22Oct-22

HERMOSA BEACH

Hermosa Beach is home to 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 Strand

• The Comedy Club

• The Farmer's Market

• South Park

• Noble Park

• Zane's Steakhouse

• Palmilla Cocina y Tequila

• Gum Tree

• Fritto Misto

• Dia de Campo

• Chef Melba's Bistro

13-MONTH TRENDS MARKET SUMMARY OCTOBER 2022 TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO OCTOBER 2022 4911$1.90M29$1,28722% OCTOBER 2021 4018 $2.11M 13 $97845% PERCENT CHANGE +23% -39%-10% +123%+32% -50% 40 31 23 20 35 28 34 29 44 44 41 43 49 18 19 22 13 7 19 19 19 20 13 15 16 11 $2,105,000 $2,000,000 $2,487,500 $2,800,000 $2,200,000 $2,150,000 $1,985,000 $2,400,000
$2,400,000 $1,850,000 $1,975,000 $1,899,000 Oct-21 Nov-21 Dec-21Jan-22Feb-22Mar-22Apr-22May-22 Jun-22Jul-22 Aug-22Sep-22Oct-22
$2,067,500

HOLLYWOOD RIVIERA

Hollywood Riviera, coined by developer Clifford Reid in 1927, got its name from bearing a resemblance to the French Riviera and on the dream of utilizing the area's natural setting for Hollywood's silver screens. The area is bordered by Palos Verdes Estates to the south and Redondo Beach and Torrance to the north. Outdoor amenities include the famous Riviera Village, a pedestrian-friendly district for galleries, shopping, dining, a weekly Farmer's Market, and more, as well as Torrance Beach, Rat Beach, and several parks. Commuters have direct access to Highway 1 and State Routes 107 and 213.

ATTRACTIONS RESTAURANTS

• Torrance Beach

• Rat Beach

• Riviera Village

• El Retiro Park

• Miramar Park

• Los Arboles Rocketship Park

• Bettolino Kitchen

• Gabi James

• Riviera House

• Little Sister

• The Hook & Plow

• TNT Aloha Cafe

13-MONTH TRENDS MARKET SUMMARY OCTOBER 2022 TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO OCTOBER 2022 15 8 $1.83M18$94453% OCTOBER 2021 1417 $1.63M 11 $818121% PERCENT CHANGE +7% -53% +13%+64%+15% -56% 14 4 2 5 8 19 16 21 23 20 24 19 15 17 12 10 1 4 10 12 9 10 9 6 9 8 $1,625,000 $1,980,000 $1,587,500 $1,147,500 $1,897,500 $2,176,500 $1,915,000 $2,236,575 $1,939,000 $2,113,000 $1,700,605 $1,800,000 $1,830,000 Oct-21 Nov-21 Dec-21Jan-22Feb-22Mar-22Apr-22May-22 Jun-22Jul-22 Aug-22Sep-22Oct-22

LAWNDALE

Lawndale is 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 a quieter location away from the beach's 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.

ATTRACTIONS RESTAURANTS

• Alondra Park & Golf Course

• Rudolph Park

• Roger Anderson Park

• Jane Addams Park

• Hawthorne Boulevard

• LA Rugby Club

• Ensenada's Surf N Turf Grill

• Havana Mania

• Pacific Rim Thai Kitchen

• El Amigo

• Saigon Dish

• Corner Burger

13-MONTH TRENDS MARKET SUMMARY OCTOBER 2022 TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO OCTOBER 2022 18 7 $645K34$61739% OCTOBER 2021 1918 $718K 14 $50995% PERCENT CHANGE -5%-61%-10% +143%+21% -59% 19 17 10 12 13 16 22 24 27 28 22 30 18 18 12 15 6 7 15 15 8 9 10 10 8 7 $717,500 $757,500 $659,000 $763,500 $750,000 $777,000 $800,088 $755,000 $765,000 $896,300 $857,000 $736,000 $644,983 Oct-21 Nov-21 Dec-21Jan-22Feb-22Mar-22Apr-22May-22 Jun-22Jul-22 Aug-22Sep-22Oct-22

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's 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

• Lomita Park

• Lomita Library

• Hathaway Park

• Veterans Park

• Planet Escape Room

• King Poke

• Bites and Bashes Cafe

• The Nook Breakfast Spot

• Harry's Oklahoma BBQ

• Pinky's Hot Box

• Lomita's Best

13-MONTH TRENDS MARKET SUMMARY OCTOBER 2022 TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO OCTOBER 2022 1718$833K16$575106% OCTOBER 2021 2711 $777K 13 $49041% PERCENT CHANGE -37% +64%+7%+23%+17%+160% 27 25 16 18 18 15 17 24 28 28 34 26 17 11 14 19 14 6 11 11 8 13 8 7 6 18 $777,000 $876,000 $925,000 $732,500 $880,000 $871,500 $860,000 $886,000 $915,000 $729,500 $825,000 $795,000 $832,500 Oct-21 Nov-21 Dec-21Jan-22Feb-22Mar-22Apr-22May-22 Jun-22Jul-22 Aug-22Sep-22Oct-22

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 RESTAURANTS

• Roundhouse Aquarium
The
Strand Bike Path
• Manhattan Beach Art Center
• Polliwog Park & Manhattan Beach Botanical Garden
• Bruce's Beach
• The Strand House
• Jute Coastal Bar + Kitchen
• Simmzy's
• The Arthur J • Zinc
• Nick's Manhattan Beach
13-MONTH TRENDS MARKET SUMMARY OCTOBER 2022 TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO OCTOBER 2022 8025$3.00M14$1,19431% OCTOBER 2021 7341 $3.50M 9 $1,35056% PERCENT CHANGE +10% -39%-14% +56% -12%-44% 73 62 37 35 42 57 55 61 84 77 68 79 80 41 44 35 17 24 28 34 35 32 36 28 19 25 $3,500,000 $2,977,500 $2,680,000 $3,200,000 $4,025,500 $2,927,500 $3,012,500 $2,625,000 $3,637,500 $3,775,000 $2,800,000 $3,495,000 $3,000,000 Oct-21 Nov-21 Dec-21Jan-22Feb-22Mar-22Apr-22May-22 Jun-22Jul-22 Aug-22Sep-22Oct-22

REDONDO BEACH

Located at the start of Los Angeles 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 and in neighboring city, Torrance. Those looking for single-family and condos/townhomes can find properties right along the water and a short walk or drive from the water's edge.

ATTRACTIONS RESTAURANTS

• Seaside Lagoon

• South Bay Galleria

• Redondo Beach Marina

• Hopkins Wilderness Park

• Veterans Park

• RB Performing Arts Center

• Bluewater Grill

• Pura Vita

• Sea Level Restaurant

• The Standing Room

• Maderos Cocina Mexicana

• Hudson House

13-MONTH TRENDS MARKET SUMMARY OCTOBER 2022 TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO OCTOBER 2022 10250$1.46M20$81249% OCTOBER 2021 8396 $1.37M 10 $752116% PERCENT CHANGE +23% -48% +7%+100%+8% -58% 83 49 30 37 64 59 76 80 114 118 116 107 102 96 77 70 38 36 73 73 60 75 61 51 50 50 $1,366,000 $1,249,000 $1,427,000 $1,336,500 $1,242,500 $1,550,000 $1,500,000 $1,551,500 $1,480,000 $1,523,000 $1,330,000 $1,430,000 $1,455,000 Oct-21 Nov-21 Dec-21Jan-22Feb-22Mar-22Apr-22May-22 Jun-22Jul-22 Aug-22Sep-22Oct-22

TORRANCE

Torrance is the eigth 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 feel at home at Zamperini field, a municipal airport primarily for private aircraft and instruction.

ATTRACTIONS RESTAURANTS

• Torrance Beach

• Zamperini Field

• Madronna Marsh Preserve

• Columbia Park

• The San Franciscan

• Torrance Art Museum

• Charles Wilson Park

• King Hawaiian Bakery

• Silog

• Madre

• Shrimp By You

• Din Tai Fung

13-MONTH TRENDS MARKET SUMMARY OCTOBER 2022 TOTAL INVENTORY TOTAL SALES MEDIAN SALES PRICE MEDIAN DAYS ON MARKET MEDIAN PRICE PER SQUARE FOOT SALES RATIO OCTOBER 2022 17175$1.00M17$67044% OCTOBER 2021 112111 $970K 9 $62499% PERCENT CHANGE +53% -32% +3%+89%+7% -56% 112 94 60 76 86 116 114 144 181 170 179 163 171 111 103 111 75 72 106 126 107 110 109 86 83 75 $970,000 $865,000 $900,000 $915,000 $910,250 $1,028,000 $981,500 $995,000 $1,015,000 $925,000 $985,000 $960,000 $1,000,065 Oct-21 Nov-21 Dec-21Jan-22Feb-22Mar-22Apr-22May-22 Jun-22Jul-22 Aug-22Sep-22Oct-22

BEVERLY HILLS

WE ARE THE COAST

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

MANHATTAN BEACH

1040 Manhattan Beach Blvd. Manhattan Beach, CA 90266 310.376.2225

MANHATTAN BEACH/DOWNTOWN

1401 Highland Avenue

Manhattan Beach, CA 90266 310.937.5700

MARINA DEL REY/VENICE

124 Washington Blvd.

Marina Del Rey, CA 90292 310.577.5300

PALOS VERDES - MIRALESTE

5 Miraleste Plaza

Rancho Palos Verdes, CA 90275 310.831.0222

REDONDO BEACH

1901 S. Catalina Avenue

Redondo Beach, CA 90277 310.378.7747

PALOS VERDES - SILVER SPUR

450 Silver Spur Road

Rancho Palos Verdes, CA 90275 310.544.9999

TORRANCE

23740 Hawthorne Blvd. Torrance, CA 90505 310.378.9889

WEST LOS ANGELES

10500 W. Pico Blvd. Los Angeles, CA 90064 310.559.5570

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

1901 S. Catalina Avenue Redondo Beach, CA 90277 Nadra Dahdah (310) 569-8226 NadraDahdah@gmail.com www.NadraDahdah.com Broker Associate | DRE# 00996145

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