Kim Hall Quarterly Report Westside

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