WESTSIDE
Market MarketIntelligence IntelligenceReport Report
PRIVATE CLIENT ADVISORS
Saul Larnerr PH.D.,
Volume Volume8 8| January | January 2022 2022
LL.M., MBA
DRE# 0 0 82 6591
Direct: 310.867.4840 Sold@splarner.realtor www.splarner.realtor www.zeninspiredhome.com
9454 Wilshire Blvd. Suite 600 Beverly Hills, CA 90212
Saul Larnerr PH.D.,
LL.M., MBA
D R E # 0 0 82 6 59 1
EXPERIENCE. PASSION. RESULTS. As your luxury agent, you can count on me to utilize years of industry expertise, in-depth local knowledge, and relentless professionalism to exceed your highest expectations. My mission is to bring my years of success and experience to the table to guide you through and help you get the most out of your home sale. I accomplish this by leveraging some of the most cutting edge marketing tools available to agents to get your property maximum market exposure. By working with me, I guarantee you will get top dollar value for your home.
ESTATE PROPERTIES
PRIVATE CLIENT ADVISORS
Certified International Property Specialist | Certified Probate and Trust Specialist
By working with me, I guarantee you will get top dollar value for your home.
ESTATE PROPERTIES
PRIVATE CLIENT ADVISORS
Certified International Property Specialist | Certified Probate and Trust Specialist
Direct: 310.867.4840 www.splarner.realtor
Sold@splarner.realtor
www.zeninspiredhome.com
RE/MAX Estate Properties, 9454 Wilshire Blvd., Suite 600, Beverly Hills, CA 90212
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 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 or is 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 • Ocean Prime
• Rodeo Drive
• Beverly Hills Farmers Market • Spago
• Beverly Gardens Park
• Several Art Galleries
• Wally's Beverly Hills
• Il Cielo
• Beverly Canon Gardens
• Academy of Motion Picture
• Il Pastaio
• The Penthouse at Mastro's
MARKET SUMMARY
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
84
25
$3.51M
46
$1,410
30%
130
19
$4.60M
47
$1,066
15%
-35%
+32%
-24%
-2%
+32%
+104%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $4,900,000
$4,600,000 $4,100,000
$3,925,000
$3,875,000
$3,510,000
$3,300,000 $2,375,500
203
150
130
$2,700,000
$2,852,500
$2,625,000
191
179
173
168
19
22
19
26
43
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
$2,857,875
$2,750,000
154
145
131
33
32
33
33
May-21
Jun-21
Jul-21
Aug-21
110
103
84
25
39
19
25
Sep-21
Oct-21
Nov-21
Dec-21
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 still 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
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
25
26
$1.63M
17
$900
104%
44
26
$1.56M
26
$811
59%
-43%
+0%
+5%
-35%
+11%
+76%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $1,750,000 $1,556,000
$1,536,000
$1,450,000
$1,672,500
$1,615,000
$1,642,500 $1,350,000 $1,200,000
$1,100,000
44
26
Dec-20
65
58
55
38
$1,630,000
17
11
15
Jan-21
Feb-21
Mar-21
65
$1,005,000
60
58
27
21
Apr-21
May-21
$1,450,000
57
30
28
Jun-21
Jul-21
56
51
17
21
Aug-21
Sep-21
29
Oct-21
40 18
Nov-21
25
26
Dec-21
BRENTWOOD Brentwood got it's 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 in the 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
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
77
56
$3.00M
25
$1,045
73%
104
48
$2.20M
50
$862
46%
-26%
+17%
+36%
-50%
+21%
+58%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $2,200,000
$2,605,000 $1,785,000
$1,850,000
193
$1,875,000
163
104
161 82
48
Dec-20
30
35
47
Jan-21
Feb-21
Mar-21
$2,100,000 $1,290,000
160
127
$2,225,000
Apr-21
156
152
$2,460,000 $1,666,379
154
$1,475,000
54
54
49
40
May-21
Jun-21
Jul-21
Aug-21
$1,810,000
145
140
$3,002,500
114 77
53
41
39
Sep-21
Oct-21
Nov-21
56
Dec-21
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 of the neighborhood's borders, there is a sizable recreation center with tennis, swimming, golf, and archery, 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
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
8
6
$3.15M
11
$1,126
75%
12
9
$2.78M
36
$957
75%
-33%
-33%
+13%
-69%
+18%
+0%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $2,775,000
$2,400,000
$2,159,000
$2,650,000
$3,325,000 $2,198,000
$3,100,000 $2,142,000
$1,850,000
$2,024,000
$2,050,000
23
20
19 12
14 9
11 7
7
14 8
9
9
7
7
Jun-21
Jul-21
3
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
15
14
13
12
$3,145,000
$2,419,000
4
Aug-21
7
7
Sep-21
Oct-21
9
Nov-21
8
6
Dec-21
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, 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
• Kenneth Hahn State Park
• Jim Gilliam Park
• Rancho Cienega Recreation Center
• Baldwin Hills Crenshaw Mall • Yordanos Ethiopian • Norman O. Houston Park
• Village Cafe & Pizza
• The Kickin' Crab • Southern Girl Desserts • Post & Beam
MARKET SUMMARY
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
9
12
$904K
10
$597
133%
23
11
$1.01M
9
$594
48%
-61%
+9%
-10%
+11%
+0%
+179%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $1,006,000
$985,000
$650,000
$802,500
$1,112,500
$1,060,000
$820,000
$1,153,750
$1,668,000 $980,000
$835,000
$1,300,000
$904,000
31 27
26
23
23 16
11 7
Dec-20
Jan-21
18
21 17 13
18 14
9
Feb-21
12
15
17 13
13
13
6
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
10
9
Nov-21
9
12
Dec-21
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
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
43
51
$1.33M
12
$771
119%
46
51
$1.13M
14
$705
111%
-7%
+0%
+17%
-14%
+9%
+7%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $1,129,000
$980,000
$1,210,000
81
74 46
51
Dec-20
$1,122,000
77 55
38
34
35
Jan-21
Feb-21
$1,160,000
Mar-21
$1,160,000
$1,330,000
86
77 51
55
Apr-21
May-21
$1,020,000
73 54
Jun-21
93
82
65 46
Aug-21
$1,325,000
$906,500
$834,000
84
Jul-21
$1,302,500
$1,270,000
39
Sep-21
73 52
Oct-21
46
Nov-21
43
51
Dec-21
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
• Beetle House LA
• Gwen Butcher Shop
• Hollywood Pantages Theatre • Paramount Pictures Studio
MARKET SUMMARY
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
66
21
$990K
21
$721
32%
74
21
$885K
23
$680
28%
-11%
+0%
+12%
-9%
+6%
+12%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $885,000
$920,000
$910,000
117
$846,400
105
$1,155,000
$956,250
$875,000
109
102
99
97
$1,065,000
$892,000
104
$1,175,000
96
92
82
74
$870,000
$823,675
$990,000
84 66
21
Dec-20
27
Jan-21
21
Feb-21
34
Mar-21
39
Apr-21
26
May-21
34
Jun-21
19
23
27
25
23
21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
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 traveling. 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
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
44
32
$684K
22
$513
73%
49
41
$708K
12
$508
84%
-10%
-22%
-3%
+83%
+1%
-13%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $708,000
49
41
Dec-20
$580,000
$578,975
55
54 33
25
Jan-21
$699,000
$619,000
55
$660,000
48
32
31
26
28
Feb-21
Mar-21
Apr-21
May-21
$650,000
$625,000
63
63 39
Jun-21
$722,500
$790,000
74
65
$675,000
70
27
28
27
Jul-21
Aug-21
Sep-21
$675,000
$683,500
63 37
33
Oct-21
Nov-21
44
32
Dec-21
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
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
16
13
$1.00M
25
$668
81%
26
13
$753K
9
$545
50%
-38%
+0%
+33%
+178%
+23%
+63%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $752,965
26 13
Dec-20
$910,000
$850,000
30
32
9
Jan-21
$950,000
27 12
Feb-21
17
Mar-21
$870,000
$886,500
26
26 15
Apr-21
12
May-21
$942,500
$922,750
16
17
14
Jun-21
$985,000
23 11
Jul-21
$997,500
19
16
7
Aug-21
Sep-21
$967,500
22
$1,104,239
19 10
9
Oct-21
Nov-21
$1,000,000
16
13
Dec-21
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 • Mendocino Farms
• Burton Chace Park
• Firestone Walker Brewing
• Tony P's Dockside Grill
• Fisherman's Village
• Marvin Braude Bike Path
• Beachside Restaurant & Bar • Whiskey Red's Restaurant
• Marina's Beach
• Several Yacht Clubs
• SALT Restaurant & Bar
• The Warehouse Restaurant
MARKET SUMMARY
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
64
43
$1.20M
17
$789
67%
99
33
$1.34M
31
$789
33%
-35%
+30%
-10%
-45%
+0%
+102%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $1,359,500
$1,340,000 $1,226,510
$1,210,000
$1,179,125
$1,243,000
$1,219,500
$1,275,700
$1,214,000
$1,200,000
$1,053,750
134
130
111
99
$1,125,000
$1,228,000
147
129
33
34
35
42
Dec-20
Jan-21
Feb-21
Mar-21
144
142
134
56
49
44
50
Apr-21
May-21
Jun-21
Jul-21
125
40
Aug-21
107
96
52
53
Sep-21
Oct-21
64 41
43
Nov-21
Dec-21
PACIFIC PALISADES Resting 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 midcentury 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
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
64
41
$3.87M
16
$1,249
64%
75
43
$2.33M
17
$834
57%
-15%
-5%
+66%
-6%
+50%
+12%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $4,147,500 $3,650,000 $3,233,000
$2,330,000
$3,440,000
$3,279,300
$3,562,500
$3,644,250
$3,562,500 $2,950,000
$2,593,750
$2,575,000
127
143
125
141
133
123
120
119
113
98
88
75 43
Dec-20
22
Jan-21
$3,865,000
39
Feb-21
52
Mar-21
64
45
43
47
42
40
Apr-21
May-21
Jun-21
Jul-21
Aug-21
29
29
Sep-21
Oct-21
38
41
Nov-21
Dec-21
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 southern border of the area. 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 beach goers 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
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
37
39
$1.60M
12
$940
105%
61
35
$1.65M
14
$826
57%
-39%
+11%
-3%
-14%
+14%
+84%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $1,850,000
$1,847,500 $1,650,000
$1,550,000
$1,650,000
35
Dec-20
56
37
Jan-21
$1,596,500
$1,637,500
$1,462,500
83
61
$1,649,000
$1,700,000
$1,600,000
$1,447,500
77
56
28
Feb-21
$1,587,000
Mar-21
87
69 46
Apr-21
87 31
May-21
81
80
81
80
42
42
42
39
46
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
56
46
Nov-21
37
39
Dec-21
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 1950's 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 the 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
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
20
29
$850K
14
$754
145%
21
21
$734K
16
$643
100%
-5%
+38%
+16%
-13%
+17%
+45%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $833,500 $734,000
$736,500
$749,000
$715,000
66
21
21
Dec-20
22
10
Jan-21
16
Feb-21
$710,000
24
24
27
Mar-21
Apr-21
May-21
$769,000
$805,000
$840,000
$850,000
$812,000 $695,000
63
56
51
48
$785,000
61 35
Jun-21
55
43
51
24
25
29
Jul-21
Aug-21
Sep-21
50 17
15
Oct-21
Nov-21
20
29
Dec-21
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
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
14
25
$1.15M
8
$853
179%
39
9
$1.13M
18
$707
23%
-64%
+178%
+2%
-56%
+21%
+674%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $1,850,000 $1,667,500
$1,125,000
$1,223,000
$1,307,500 $1,092,000
60
9
Dec-20
16
11
Jan-21
Feb-21
$1,200,000
$1,160,000
$1,055,000
$1,024,500
52
41
39
$1,565,000
46 22
27
Mar-21
Apr-21
36
28
May-21
33
24
Jun-21
26
27
Jul-21
26
21
Aug-21
31
23
Sep-21
37 20
Oct-21
$1,037,500
28
16
Nov-21
$1,150,000
14
25
Dec-21
SANTA MONICA Santa Monica, an iconic name and coastal city. The city is a walkable 8.3 square miles and offers 6 distinct areas filled with opportunities for outdoor experience, and fine shopping and dining. The Santa Monica Pier and Ocean Avenue are a landmark of the area with a quintessentially California lifestyle. Head north to Montana Avenue for 10 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
D EC EMBER 20 21 DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
159
72
$1.73M
22
$990
45%
164
79
$1.30M
25
$911
48%
-3%
-9%
+33%
-12%
+9%
-6%
13-MONTH TRENDS
$1,300,000
$1,512,500
$1,370,000
$1,845,000
$1,691,250
$1,687,500
$1,450,000
$1,908,288
$1,742,500
$1,470,000
$1,730,000 $1,400,000
$1,185,000
300
298
292
280
293
277
276
287
266
218
203
164 79
Dec-20
159 47
35
Jan-21
Feb-21
76
86
88
93
89
70
90
81
79
72
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
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
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
71
32
$2.50M
38
$1,096
45%
70
37
$1.81M
38
$1,005
53%
+1%
-14%
+38%
+0%
+9%
-15%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $2,500,000
$1,888,000
$1,814,000
$1,918,000
$2,107,500
$2,030,000
$2,200,000
$2,181,500 $1,880,000
$1,722,500
$1,935,000
$1,885,000
$1,408,000
70
37
Dec-20
147
141
123
89
151
133
15
31
30
20
38
Jan-21
Feb-21
Mar-21
Apr-21
May-21
142
127
123
110
95
32
33
32
18
28
29
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
71
32
Dec-21
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 it's 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
• Kenneth Hahn Park and Disc Golf Course
• Jerusalem Chicken
• New Orleans Snowballs
• Simply Wholesome
• Sachi Teriyaki House
• Ladera Park
MARKET SUMMARY
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
7
8
$1.43M
16
$534
114%
14
5
$1.20M
11
$505
36%
-50%
+60%
+19%
+45%
+6%
+220%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $1,344,700 $1,200,000
$1,199,999 $1,084,500
$1,100,000
$1,146,250
$1,138,000
$1,215,000
21 16
15
14 5
5
Dec-20
Jan-21
13 7
Feb-21
13 9
10
Mar-21
Apr-21
21
19 15
May-21
8
6
Jun-21
Jul-21
$1,425,000 $1,260,000
12 4
$1,429,900
$1,152,500
18
12
$1,375,000
Aug-21
9
9
9
5
Sep-21
Oct-21
Nov-21
7
8
Dec-21
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 make this the hottest place in town. The art and culture continue through the day with book clubs and stores, film festivals and theaters, and theatre 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
D EC EMBER 20 21 DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
100
54
$1.02M
15
$827
54%
116
52
$1.04M
43
$833
45%
-14%
+4%
-2%
-65%
-1%
+20%
13-MONTH TRENDS $1,427,500 $1,285,000 $1,150,000 $1,039,500
$1,011,250
$1,004,250
212
$1,082,500
$1,117,500
$1,100,000
$967,000
220
212
$1,140,000
191
188
184
179
182
169 133
123
116
$1,017,500
$915,000
52
42
41
Dec-20
Jan-21
Feb-21
66
Mar-21
53
54
65
54
57
45
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
100
61
57
54
Oct-21
Nov-21
Dec-21
WEST LOS ANGELES West Los Angeles, also known as Sawtelle Japantown, is a unique neighborhood that celebrates Japanese culture in its restaurants and shops as well as 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
• Los Angeles National Veterans Park
• Sonrita's Prime Tacos
• Killer Noodle Tsujita
• Tsujita LA Artisan Noodle
• Plan Check Kitchen + Bar
• W Pico Boulevard
MARKET SUMMARY
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
35
33
$935K
15
$658
94%
39
23
$1.11M
18
$730
59%
-10%
+43%
-16%
-17%
-10%
+60%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $1,268,844 $1,110,000
$1,093,750 $965,000
$895,000
47 23
18
Dec-20
Jan-21
78
73
26
Feb-21
33
Mar-21
68
$995,000
$1,050,000
$1,030,000 $935,000
81
68 38
21
Apr-21
$1,082,500
$895,000
$852,000
62 39
$1,036,944
May-21
65
60
60
46
32
32
36
31
29
25
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
35
33
Dec-21
WESTCHESTER Westchester started out as an agricultural area in the early 20th century, though 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 that offers office space, apartments, and shopping. Westchester is now home to two main college campuses as well as 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
D EC EMBER 20 21 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
30
33
$1.50M
10
$839
110%
26
32
$1.27M
11
$789
123%
+15%
+3%
+18%
-9%
+6%
-11%
DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
13-MONTH TRENDS $1,271,250
$1,250,000
$1,287,500
$1,335,000
$1,425,000
$1,385,000
26
32
Dec-20
42
17
22
Jan-21
Feb-21
22
$1,337,500
$1,400,000
77
44
Mar-21
38
47
Apr-21
52
47
50
$1,260,000
51
49
30
25
May-21
64
Jun-21
Jul-21
Aug-21
$1,500,000
$1,374,500
$1,225,000
69 50
$1,425,000
41
40 24
Sep-21
Oct-21
30
Nov-21
30
33
Dec-21
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
D EC EMBER 20 21 DECEMBER
2021 DECEMBER
2020 PERCENT CHANGE
TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
182
77
$1.31M
21
$762
42%
161
67
$1.14M
28
$692
42%
+13%
+15%
+15%
-25%
+10%
+2%
13-MONTH TRENDS $1,330,000 $1,136,000
$1,090,000
$1,175,000
$1,226,000
$1,190,000 $1,070,000
$1,010,000
311
297
276
318
293
$1,150,000
319
306
$1,175,000
304
$1,202,500
270
$1,310,000 $1,147,500
242
187
161 67
Dec-20
182
49
55
Jan-21
Feb-21
78
75
81
Mar-21
Apr-21
May-21
97
82
67
77
84
82
77
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
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