WESTSIDE Quarterly Market Intelligence Report 1st Quarter 2021
WESTSIDE MARKETS Beverly Hills Beverlywood Brentwood Cheviot Hills Culver City Hollywood Inglewood Marina Del Rey Pacific Palisades Palms/Mar Vista Playa Del Rey Playa Vista Santa Monica Venice West Hollywood West Los Angeles Westchester Westwood/ Century City
4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42
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 Quarterly Westside Market Intelligence Report is published quarterly 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 © 2021.
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
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
544
67
$2.98M
56
$1,129
12%
2020
184
53
$4.83M
59
$1,242
29%
PERCENT CHANGE
+196%
+26%
-38%
-4%
-9%
-57%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $6,155,000 $5,515,000
$3,875,000
$2,700,000 $2,375,500 203
$2,825,000 64
64 16
Jan-20
191
150
19 Feb-20
56
18
Mar-20
22 Jan-21
19 Feb-21
26 Mar-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
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
151
43
$1.58M
28
$826
28%
2020
100
41
$1.29M
27
$755
41%
PERCENT CHANGE
+51%
+5%
+23%
+6%
+9%
-31%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $1,750,000 $1,536,000
$1,450,000
$1,323,500
$1,300,000 $1,237,500
58
55
40
29 14
Jan-20
38
31 12
Feb-20
15
Mar-20
17
Jan-21
11 Feb-21
15
Mar-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
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
483
112
$1.84M
27
$826
23%
2020
241
74
$2.03M
44
$815
31%
PERCENT CHANGE
+100%
+51%
-9%
-37%
+1%
-24%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $2,331,000 $2,135,000
$1,785,000
$1,850,000
$1,875,000
193 163
$1,615,000 127
84
79
78 29
Jan-20
24 Feb-20
21 Mar-20
30
Jan-21
35
Feb-21
47
Mar-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
• Hillcrest Country Club • Griffin Club Los Angeles
• Rancho Park 3 Par Golf • Triangle Park
MARKET SUMMARY
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
44
22
$2.40M
34
$962
50%
2020
42
14
$2.15M
54
$925
33%
PERCENT CHANGE
+5%
+57%
+12%
-37%
+4%
+50%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $2,650,000
$2,650,000 $2,400,000
$2,134,500 $2,159,000
$1,660,000 15
14
13 4 Jan-20
3 Feb-20
19
14
7 Mar-20
7 Jan-21
7 Feb-21
11
8
Mar-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 • Meet in Paris
• Sony Pictures Studio
• Baldwin Hills Scenic Overlook • Loqui
• Culver City Park
• Culver Hotel
• Destroyer
• Janga by Derrick's
• The Culver Studios
• Downtown Culver City
• Pasta Sisters
• Seasalt Fish Grill
MARKET SUMMARY
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
193
124
$1.10M
16
$746
64%
2020
172
83
$979K
17
$663
48%
PERCENT CHANGE
+12%
+49%
+13%
-4%
+13%
+33%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $1,210,000
$1,050,000
$1,017,500
$870,000 58 29
Jan-20
81
74
58
56 30
Feb-20
$1,122,000
$980,000
55
24
Mar-20
38
34
Jan-21
35
Feb-21
Mar-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
• Hollywood Pantages Theatre
• Paramount Pictures Studio
• Beetle House LA
• Gwen Butcher Shop
MARKET SUMMARY
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
304
82
$892K
33
$647
27%
2020
129
76
$823K
41
$638
59%
PERCENT CHANGE
+136%
+8%
+8%
-20%
+1%
-54%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $945,000
$920,000
$785,000
$910,000
$846,400
$740,000 117
105
82
47
46 30
Jan-20
24
Feb-20
37
22
Mar-20
27
Jan-21
21
Feb-21
34
Mar-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
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
142
88
$619K
15
$471
62%
2020
175
82
$602K
21
$445
47%
PERCENT CHANGE
-19%
+7%
+3%
-27%
+6%
+32%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $699,000
$575,000
61
$606,500
61 31
Jan-20
$625,000
$580,000
Feb-20
55
54
53 20
$578,975
31
Mar-20
33
25
Jan-21
32
Feb-21
31
Mar-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
• Burton Chace Park
• Firestone Walker Brewing
• Tony P's Dockside Grill
• Mendocino Farms
• 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
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
379
110
$1.14M
25
$762
29%
2020
129
49
$1.13M
20
$762
38%
PERCENT CHANGE
+194%
+124%
+1%
+27%
+0%
-24%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $1,226,510
$1,145,000
$1,080,000
$1,107,500
65 25
Jan-20
60 23
Feb-20
24 Mar-20
34
Jan-21
$1,053,750
134
130
111
66
$1,125,000
35
Feb-21
42
Mar-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 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
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
340
113
$3.16M
31
$1,002
33%
2020
196
60
$2.30M
35
$921
31%
PERCENT CHANGE
+73%
+88%
+37%
-12%
+9%
+9%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $3,650,000 $3,233,000
$2,677,925
$2,502,000
$2,593,750 127
$1,730,000 73
63 13 Jan-20
88
60 21
Feb-20
125
26 Mar-20
22 Jan-21
39
Feb-21
52
Mar-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 Bike Path • Rustic Kitchen Market & Cafe • 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
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
216
121
$1.55M
17
$2,495
56%
2020
145
58
$1.49M
10
$920
40%
PERCENT CHANGE
+49%
+109%
+4%
+61%
+171%
+40%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $1,587,500
$1,543,900
$1,650,000
$1,550,000
$1,332,000
$1,462,500 83
20
Jan-20
56
56
53
49
43
37
18
Feb-20
77
20
Mar-20
Jan-21
28
Feb-21
Mar-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 Lebanese Cuisine
MARKET SUMMARY
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
121
50
$762K
27
$1,996
41%
2020
115
52
$740K
19
$663
45%
PERCENT CHANGE
+5%
-4%
+3%
+41%
+201%
-9%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $833,500
$739,000
$745,000
$735,000
$736,500 $715,000
37
36 19
Jan-20
18
Feb-20
51
48
42 15
Mar-20
22 10 Jan-21
16
Feb-21
24
Mar-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
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
153
49
$1.11M
25
$2,076
32%
2020
88
41
$1.20M
30
$740
47%
PERCENT CHANGE
+74%
+20%
-7%
-16%
+181%
-31%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $1,398,000 $1,200,450
$1,223,000
$1,007,500
11 Jan-20
60
25 12
Feb-20
18
Mar-20
16
Jan-21
$1,024,500
52
41
32
31
$1,092,000
11 Feb-21
22
Mar-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 Seafood Market
MARKET SUMMARY
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
793
158
$1.41M
25
$2,919
20%
2020
288
116
$1.58M
29
$992
40%
PERCENT CHANGE
+175%
+36%
-10%
-16%
+194%
-51%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $1,750,000
$1,687,500
$1,550,000
$1,437,000
$1,370,000 $1,185,000 298
292 203
103
93 38 Jan-20
92 33
Feb-20
45
Mar-20
47 Jan-21
35 Feb-21
76
Mar-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
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
353
76
$1.74M
29
$3,261
22%
2020
149
44
$2.08M
53
$1,057
30%
PERCENT CHANGE
+137%
+73%
-17%
-45%
+209%
-27%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $2,350,000 $1,947,359
$1,955,521
$1,888,000
$1,918,000
$1,408,000 89
53
49 10 Jan-20
13 Feb-20
47
21
Mar-20
141
123
15 Jan-21
31 Feb-21
30 Mar-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
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
547
149
$1.06M
39
$2,298
27%
2020
243
104
$1.02M
27
$769
43%
PERCENT CHANGE
+125%
+43%
+4%
+43%
+199%
-36%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $1,225,000 $897,500
$1,150,000 $1,004,250
$934,500
212
30 Jan-20
212
123
89
81
$1,011,250
73 27
Feb-20
47
Mar-20
42
Jan-21
41
Feb-21
66
Mar-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
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
182
77
$947K
21
$1,973
42%
2020
79
39
$1.27M
24
$741
49%
PERCENT CHANGE
+130%
+97%
-24%
-12%
+166%
-14%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $1,275,000
$1,204,750
$1,234,500
$1,093,750 $895,000
11 Jan-20
26
16
Feb-20
24
12
Mar-20
73
62
47
29
$852,000
18
Jan-21
26
Feb-21
33
Mar-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
RESTAURANTS • Howard Hughes Shopping Center
• Loyola Marymount University
• Ayara Thai Cuisine
• Benny's Tacos & Rotisserie
• The Ramen Joint
• Truxton's American Bistro
• Aliki's Greek Taverna
• Melody Bar & Grill
• Westchester Golf Course • Otis College of Art & Design
MARKET SUMMARY
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
114
83
$1.25M
16
$2,333
73%
2020
137
82
$1.23M
19
$765
60%
PERCENT CHANGE
-17%
+1%
+2%
-16%
+205%
+22%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $1,425,000 $1,092,000
47
46 24
Jan-20
$1,250,000
$1,175,000
44 27
Feb-20
$1,287,500
50
31
Mar-20
22
17
Jan-21
$1,225,000
42
44
22
Feb-21
Mar-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
RESTAURANTS • Fox Studios
• KazuNori
• Din Tai Fung
• Westfield Century City
• Gushi
• Hinoki & The Bird
• Holmby Park
• CAVA
• Craft
• Los Angeles Country Club
MARKET SUMMARY
1ST QUARTER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
760
182
$1.14M
28
$2,184
24%
2020
310
141
$1.18M
42
$739
45%
PERCENT CHANGE
+145%
+29%
-3%
-33%
+196%
-47%
1ST QUARTER
2021 1ST QUARTER
YEAR-OVER-YEAR TRENDS $1,330,000
$1,307,500
$1,199,995 $1,039,000
$1,090,000
$1,010,000 297
276 187
110
109 50 Jan-20
91 39
Feb-20
52
Mar-20
49 Jan-21
55
Feb-21
78
Mar-21
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 1720 S. Elena 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
W E A R E T H E COA S T
600+ Local Agents | 12 Offices Luxury Residential | Commercial Investment Division | International DRE: #01879720