Andrew Wilson and Susan Payne Westside Market Intelligence Report

WESTSIDE

Market MarketIntelligence IntelligenceReport Report

Andrew S. Wilson

REALTOR® Certified Residential Specialist Accredited Buyer Representative Graduate REALTOR Institute Quality Service Certified

310.387.1297

Susan Payne

Volume Volume88| |August August 2022 2022

REALTOR® Certified Residential Specialist Accredited Buyer Representative Quality Service Certified

310.625.2448

Andrew@AndrewWilson.com

Susan@SusanPayne.com

DRE# 01194411

DRE# 01203767

124 Washington Blvd.

Marina del Rey, CA 90292

WESTSIDE MARKETS Beverly Hills

4

Palms/Mar Vista

26

Beverlywood

6

Playa Del Rey

28

Brentwood

8

Playa Vista

30

Cheviot Hills

10

Santa Monica

32

The Crenshaw District

12

Venice

34

Culver City

14

View Park-Windsor Hills

36

Hollywood

16

West Hollywood

38

Inglewood

18

West Los Angeles

40

Leimert Park

20

Westchester

42

Marina Del Rey

22

Westwood/Century City 44

Pacific Palisades

24

REAL ESTATE KEY TERMS MEDIAN PRICE: The price of the property that falls in the middle of the total number of properties sold in the given time period.

PRICE PER SQUARE FOOT: Measures the home’s sales price for an individual square foot.

PROPERTIES FOR SALE: The total number of available properties for sale.

DAYS ON MARKET (CLOSED SALES): The number of days a property is on the market prior to accepting an offer.

SALES RATIO: Defines market speed and determines whether the market currently favors buyers or sellers. A Buyer’s market is a ratio from 0% to 14%; A Balanced market ratio is from 15 to 20%; A Seller’s market ratio starts at 21% and up. If the sales ratio exceeds 100%, it means that the sales from the previous month exceed current inventory.

The Westside Intelligence Report is published monthly based on the data available at the start of each month. All data presented is based on data supplied by CRMLS. Neither the Associations of REALTORS® nor their MLS’s guarantees are in any way responsible for its accuracy. Information is deemed reliable, but not guaranteed. Copyright © 2022.

BEVERLY HILLS Welcome to the most iconic zip code in the United States, Beverly Hills, 90210. Beverly Hills is a celebration of uncompromising glamour and opulence; home to the most elite celebrities and business professionals, as well as luxury homes and services at every turn. Bordered by West Hollywood, Westwood, and Century City, residents are afforded privacy but are also in the heart of the action.

Rejuvenate the senses with top tier dining and shopping, art galleries, walking tours and tastings, world-class spas, and more. Soak in more Los Angeles luxury with just a 15-minute drive to Santa Monica and 25 minutes to downtown Los Angeles.

ATTRACTIONS

RESTAURANTS Spago

•

Ocean Prime

•

Wally's Beverly Hills

•

Il Cielo

•

Il Pastaio

•

The Penthouse at Mastro's

•

Rodeo Drive

•

Beverly Hills Farmers Market •

•

Beverly Gardens Park

•

Several Art Galleries

•

Beverly Canon Gardens

•

Academy of Motion Picture

MARKET SUMMARY

JULY 2022 JULY

2022 JULY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

126

17

$3.83M

26

$1,165

13%

145

33

$2.86M

31

$1,133

23%

-13%

-48%

+34%

-16%

+3%

-41%

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

$4,890,000

$4,100,000

$2,857,875

$3,826,667

$3,510,000

$3,300,000

$2,900,000

$2,750,000

$1,912,500

154

145

33 Jul-21

131

110

33

25

Aug-21

Sep-21

103

39

Oct-21

106

84 19

25

Nov-21

Dec-21

16

Jan-22

23

21

22

Feb-22

Mar-22

Apr-22

$2,845,000

126

125

116

115

106

98

$2,418,000

35

May-22

20 Jun-22

17 Jul-22

BEVERLYWOOD Beverlywood is a private, suburban community nestled between Santa Monica Boulevard and the 10 freeway. This almost exclusively residential neighborhood offers residents a quiet respite from city living yet close to all the amenities of the Westside. Homes here are a mixture of classic styles and contemporary, most with upgraded features. Beverlywood is a golf course away from Century City, home of Fox Studios, and a short 20-minute drive to downtown, allowing for an easy commute to work. The neighborhood is also close to several recreation areas, West Hollywood nightlife, and Santa Monica Pier.

ATTRACTIONS

RESTAURANTS

•

Hillcrest Country Club

•

Robertson Branch Library

•

Undergrind Cafe

•

Pizza Mark

•

Museum of Tolerance

•

Irving Schachter Park

•

The Empanada Factory

•

Campos Tacos

•

Circle Park

•

Reynier Park

•

Fred's Bakery & Deli

•

Edoughble Sweet Shop

MARKET SUMMARY

JULY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

56

9

$2.03M

18

$897

16%

60

28

$1.64M

15

$816

47%

-7%

-68%

+23%

+20%

+10%

-66%

JULY

2022 JULY

2021 PERCENT CHANGE

13-MONTH TRENDS $2,026,052 $1,642,500

$1,765,000

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

$1,625,000

$1,756,500

$1,450,000

$1,650,000

$1,335,000

$1,200,000

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

60

57 28

Jul-21

56

51

17

21

Aug-21

Sep-21

29

Oct-21

40 18

Nov-21

25

26

Dec-21

25

28 15

Jan-22

29 17

Feb-22

40

35 22

Mar-22

18

Apr-22

56

45 24

May-22

17

Jun-22

9 Jul-22

BRENTWOOD Brentwood got its start in the 19th century when it was originally part of a Mexican land grant and was later developed to host several Olympic games in 1932. Today, Brentwood is an affluent neighborhood with stunning gems such as the world-famous Getty art museum and Brentwood Country Club. Homes in Brentwood have Spanish and contemporary influences ranging million dollar homes to multi-million dollar estates. For outdoor enthusiasts, Brentwood is just steps to Santa Monica Beach and Topanga State Park. Brentwood is convenient to the 405 and Santa Monica Boulevard.

ATTRACTIONS

RESTAURANTS

•

The Getty Museum

•

Westridge Trailhead

•

Divino

•

Taras Himalayan Cuisine

•

Brentwood Country Club

•

Sullivan Canyon Park

•

Sushi Miyagi

•

A Votre Sante

•

Brentwood Country Mart

•

Crestwood Hills Park

•

Casa De Campo

•

Farmshop

MARKET SUMMARY

JULY 2022 JULY

2022 JULY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

107

22

$2.43M

13

$920

21%

156

49

$2.10M

28

$853

31%

-31%

-55%

+16%

-54%

+8%

-35%

13-MONTH TRENDS $3,002,500

$2,789,000 $2,460,000 $2,241,625

$2,100,000 $1,666,379

156

154

49

Jul-21

Aug-21

$2,065,000

$1,810,000

$1,650,000

$1,475,000

$1,637,500

145

140

40

$2,432,500

$2,270,000

114 53

Sep-21

77

41

Oct-21

39

Nov-21

56

Dec-21

29 Jan-22

105

103

95

80

28

Feb-22

39

Mar-22

85

107

87

50

57

Apr-22

May-22

48

Jun-22

22 Jul-22

CHEVIOT HILLS Cheviot Hills is a family-oriented community between the Santa Monica Freeway and Santa Monica Boulevard. Located just south of Fox Studios, Cheviot Hills offers quiet streets with easy access to major freeways and nightlife. Inside the neighborhood's borders there is a sizable recreation center with tennis, swimming, golf, and archery, and Hillcrest Country Club, and Griffin Club. Santa Monica, Venice Beach, and Marina Peninsula are all a short drive away, as are the city amenities for leisure and fine dining.

ATTRACTIONS •

•

Cheviot Hills Recreation Center Rancho Park 3 Par Golf

•

Hillcrest Country Club

•

Griffin Club Los Angeles

•

Triangle Park

MARKET SUMMARY

JULY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

17

5

$3.03M

12

$1,050

29%

13

7

$2.14M

12

$900

54%

+31%

-29%

+41%

0%

+17%

-45%

JULY

2022 JULY

2021 PERCENT CHANGE

13-MONTH TRENDS $4,000,000

$3,750,000

$3,100,000

$3,145,000

$3,430,000

$3,212,500

$3,025,000

$2,759,000 $2,419,000 $2,142,000

$2,024,000

$2,050,000

23

$2,000,000

20

7

Jul-21

17

15

14

13

4 Aug-21

7

7

Sep-21

Oct-21

9

Nov-21

8

6

Dec-21

8

8

9 3

Jan-22

Feb-22

3

4

Mar-22

8

7

Apr-22

12

10

5

May-22

3

Jun-22

5

Jul-22

THE CRENSHAW DISTRICT Established shortly after WWII, The Crenshaw District, or Crenshaw, is comfortably nestled between the shores of Marina Del Rey and Downtown Los Angeles, offering residents a short commute to work and play. The neighborhood is convenient to the 10 and 110 highways. On the western border, the Kenneth Hahn State Recreation area offers hiking, disc golf, a playground, and a tranquil Japanese garden. Crenshaw has many apartment homes and traditional single-family residences with some larger properties in the Baldwin Hills area.

ATTRACTIONS

RESTAURANTS Hotville Chicken

•

The Kickin' Crab

Baldwin Hills Crenshaw Mall •

Yordanos Ethiopian

•

Southern Girl Desserts

•

Village Cafe & Pizza

•

Post & Beam

•

Kenneth Hahn State Park

•

Jim Gilliam Park

•

Rancho Cienega Recreation Center

• •

Norman O. Houston Park

•

MARKET SUMMARY

JULY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

21

8

$875K

12

$649

38%

18

12

$1.15M

11

$652

67%

+17%

-33%

-24%

+9%

-0.5%

-43%

JULY

2022 JULY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,668,000

$1,175,000

$1,153,750 $980,000

18 12

15

13

17

13

13

6

Jul-21

Aug-21

Sep-21

Oct-21

$1,201,500

$1,100,000 $942,500

$904,000

$835,000

10

9

Nov-21

$1,465,000

$1,377,500

$1,300,000

9

12

Dec-21

13 8

6

5

Jan-22

Feb-22

9

12

Mar-22

16

12

Apr-22

$875,000

21

18

16 8

May-22

12

Jun-22

8

Jul-22

CULVER CITY Entrenched in movie making history, Culver City boasts a thriving dining and nightlife scene with internationally inspired restaurants, gastropubs, and cozy cocktail bars. Additional cultural amenities include sophisticated art galleries, playhouses, two recognized movie studios, and the famous Culver Hotel. Culver City stretches along Venice Boulevard, nearly touching Marina Del Rey – meaning a quick ride to the ocean waves. Real estate offerings include a balanced mix of single-family homes and condos/townhomes, many with upgraded features. Culver City also features several outdoor recreation areas that provide great city views.

ATTRACTIONS

RESTAURANTS

•

Sony Pictures Studio

•

Baldwin Hills Overlook

•

Loqui

•

Meet in Paris

•

Culver City Park

•

Culver Hotel

•

Destroyer

•

Janga by Derrick's

•

The Culver Studios

•

Downtown Culver City

•

Pasta Sisters

•

Seasalt Fish Grill

MARKET SUMMARY

JULY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

91

40

$1.24M

13

$784

44%

73

65

$1.02M

12

$717

89%

+25%

-38%

+21%

+8%

+9%

-51%

JULY

2022 JULY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,521,695 $1,302,500

$1,270,000

$1,325,000

$1,267,500

$1,245,000

$1,237,500

$1,150,000 $1,020,000 $906,500

$834,000

73

93

84

82

65 46

Jul-21

Aug-21

39

Sep-21

$900,000

$822,000

73 52

Oct-21

46

Nov-21

43

51

Dec-21

44

59

51 31

Jan-22

91

74

54

28

30

Feb-22

Mar-22

44

Apr-22

51

41

May-22

39

Jun-22

40

Jul-22

HOLLYWOOD The symbol of the entertainment business and everything glitz and glamour – Hollywood is a world-famous destination for tourists and locals alike. Living in Hollywood offers a dreamlike setting – a veritable smorgasbord of attractions, amenities, and dining experiences.

Walk to dinner, a movie, or shopping; it's all here. For a slightly quieter side of town, choose to live east of the 101 freeway. Hollywood is also close to family-friendly activities such as the Los Angeles Zoo, Griffith Observatory, Fern Dell Nature Trail and is equidistant between downtown Los Angeles and the San Fernando Valley.

ATTRACTIONS

RESTAURANTS

•

TCL Chinese Theatre

•

Hollywood Bowl

•

Musso & Frank Grill

•

Running Goose

•

Hollywood Walk of Fame

•

Dolby Theatre

•

L'Antica Pizzeria da Michele

•

The Magic Castle

•

Hollywood Pantages Theatre •

Paramount Pictures Studio

•

Beetle House LA

•

Gwen Butcher Shop

MARKET SUMMARY

JULY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

85

15

$991K

19

$746

18%

109

19

$875K

27

$591

17%

-22%

-21%

+13%

-30%

+26%

+6%

JULY

2022 JULY

2021 PERCENT CHANGE

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

$1,175,000

$892,000

109

104

19 Jul-21

$870,000

23

27

Aug-21

Sep-21

$990,850

$823,675

96

92

$1,003,500

$994,000

$990,000

$875,000

$1,149,500 $1,025,000

84

25

Oct-21

66

63

23

21

Nov-21

Dec-21

60

20 Jan-22

58

22

21

27

Feb-22

Mar-22

Apr-22

85

84

81

71

12 May-22

22 Jun-22

15 Jul-22

INGLEWOOD Positioned in the heart of the Greater Los Angeles area, Inglewood is a gateway to commercial centers, beaches, and local and international travel. Located just east of the Los Angeles International Airport and 30 minutes to downtown Los Angeles, residents of Inglewood enjoy an easy commute and access to amenities and travel. Avid fans of sports and entertainment can catch the latest games and concerts at the recently built SoFi Stadium (home of the Los Angeles Rams and Los Angeles Chargers) and The Forum concert venue. Inglewood also has a thriving arts scene with paintings and sculptures colorfully decorating buildings and parks across the city.

ATTRACTIONS

RESTAURANTS

•

SoFi Stadium

•

Edward J Vincent Park

•

The Serving Spoon

•

Maria's Ricos Tacos

•

The Forum

•

Darby Park

•

Stuff I Eat

•

Veronica's Kitchen

•

Hollywood Park Casino

•

Nella Skate Park

•

Dulan's Soul Food Kitchen

•

Rusty Pot Cafe

MARKET SUMMARY

JULY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

93

32

$752K

12

$532

34%

63

27

$625K

12

$470

43%

+48%

+19%

+20%

0%

+13%

-20%

JULY

2022 JULY

2021 PERCENT CHANGE

13-MONTH TRENDS $722,500

$790,000 $675,000

$625,000

74

65

63 27

Jul-21

70

28

27

Aug-21

Sep-21

$675,000

$683,500

$700,000

63 37

Oct-21

33

Nov-21

44

32

Dec-21

42

$755,500 $670,000

34

Jan-22

63

57

55 22

Feb-22

$707,500

37

Mar-22

$725,000

$757,000

$752,000

92

93

62 24

Apr-22

33

May-22

31

Jun-22

32

Jul-22

LEIMERT PARK Leimert Park is a family-oriented community located along Western Avenue just south of The Santa Monica Freeway. Developed in the late 1920s, Leimart Park Village is home to lots of artistic amenities including, cultural celebrations, the Leimert Park Art Walk, Vision Theatre, Eso Won Books, several art centers, and more. Homes in the area follow the Spanish Colonial Revival style, resting along quiet tree-lined streets. Professionals can find local opportunities at the nearby University of Southern California, Inglewood Oil Field, and Downtown Los Angeles.

ATTRACTIONS •

Leimert Park Plaza

•

Vision Theater

•

Kaos Network

RESTAURANTS •

Barbara Morrison Performing Arts Center

•

World Stage Performance Gallery

•

Ackee Bamboo

•

Kim's Restaurant

•

Earle's on Crenshaw

•

Hot and Cool Cafe

•

Swift Cafe

•

The District by GS

MARKET SUMMARY

JULY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

31

9

$1.11M

15

$761

29%

17

11

$923K

11

$636

65%

+82%

-18%

+20%

+36%

+20%

-55%

JULY

2022 JULY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,104,239 $922,750

$985,000

$997,500

$1,000,000

$967,500

$982,500

$1,010,500

$1,075,650

$980,000

$1,035,000

$1,108,000

$972,500

36 17

23 11

Jul-21

19

16

7 Aug-21

Sep-21

31

28

22

19 10

Oct-21

16 9

Nov-21

13

Dec-21

17

15

Jan-22

20

17

19

10

11

9

Feb-22

Mar-22

Apr-22

13

May-22

10

Jun-22

9

Jul-22

MARINA DEL REY Living in Marina Del Rey is a nautical enthusiasts dream. Residents here can seize the day by both land and sea - cycling to nearby Venice Beach, paddle boarding to lunch, strolling alongside the shops or taking the boat out for whale watching, just to name a few of the many activities available. Available properties are within the neighborhoods' many condo/townhouse complexes. Most of the piers have their own yacht clubs, providing plenty of options for storing your boat and socializing with neighbors. Marina Del Rey is bordered by Venice, Culver City, and Playa Del Rey, with convenient connections to the 405 freeway, Venice Boulevard, and Los Angeles International Airport.

ATTRACTIONS

RESTAURANTS •

•

Burton Chace Park

•

Firestone Walker Brewing

•

Tony P's Dockside Grill

•

Fisherman's Village

•

Marvin Braude Bike Path

•

Beachside Restaurant & Bar •

•

Marina's Beach

•

Several Yacht Clubs

•

SALT Restaurant & Bar

•

Mendocino Farms Whiskey Red's Restaurant The Warehouse Restaurant

MARKET SUMMARY

JULY 2022 JULY

2022 JULY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

107

39

$1.32M

12

$850

36%

142

50

$1.18M

15

$762

35%

-25%

-22%

+12%

-20%

+11%

+4%

13-MONTH TRENDS

$1,179,125

142

$1,243,000

134

50

Jul-21

$1,219,500

125

40

Aug-21

$1,275,700

107 52

Sep-21

$1,214,000

$1,200,000

96 53

Oct-21

41

Nov-21

64

$1,275,000

83

76 43

Dec-21

$1,155,000

26 Jan-22

$1,285,000

72 26

Feb-22

53

Mar-22

$1,346,000

$1,470,000 $1,320,000

42

Apr-22

107

103

89

74

$1,315,000

31

May-22

40

Jun-22

39

Jul-22

PACIFIC PALISADES Resting among gently sloping bluffs and canyons with gorgeous beachfront property and views, Pacific Palisades is an affluent neighborhood filled with national treasures, strong schools, and uncrowded streets. Pacific Palisades is one of the few areas with direct beach and mountain access, offering endless opportunities for outdoor activities and relaxation. It also boasts one of Los Angeles's lowest population density ratios for those seeking a more private and quiet space. Similar to other affluent nearby neighborhoods, homes here are a mix of mid-century and contemporary architecture and styles, with many offering larger lots and homes set behind high hedges.

ATTRACTIONS

RESTAURANTS

•

Will Rogers Beach

•

Bel-Air Bay Club

•

Cafe Vida

•

The Draycott

•

Riviera Country Club

•

Temescal Canyon Park

•

Modo Mio Cucina Rustica

•

Cinque Terra WEST Osteria

•

Potrero Canyon Park

•

Palisades Village

•

Matthew's Garden Cafe

•

Gracias Señor!

MARKET SUMMARY

JULY 2022 JULY

2022 JULY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

90

25

$3.80M

12

$1,183

28%

123

42

$3.56M

20

$1,245

34%

-27%

-40%

+7%

-40%

-5%

-19%

13-MONTH TRENDS $5,055,000

$3,562,500

$3,644,250

$3,562,500

42

Jul-21

120

119

113

Aug-21

29

Sep-21

$3,800,000

98

29

Oct-21

$3,294,000

$3,100,000

64 40

$4,450,000

$3,865,000

$2,950,000

123

$4,435,000

$4,425,000

$4,147,500

84

74

38

41

Nov-21

Dec-21

21 Jan-22

67 40 16

Feb-22

Mar-22

30

Apr-22

90

79

69

67

28

May-22

27

Jun-22

25

Jul-22

PALMS/MAR VISTA Located just south of the Santa Monica Airport, the Palms and Mar Vista neighborhoods have a mixed urban and suburban feel with lots of restaurants, coffee shops, bars, and parks. Commuters are afforded easy access to the 10 and 405 freeways, with Venice Boulevard at the area's southern border. Mar Vista and Palms are also just a short, few-minute drive away from Venice, Santa Monica, and Marina Del Rey, making this a great spot for beachgoers and water sport enthusiasts who enjoy a little extra quiet time. The blended mixture of homes and condos offered for sale include thoughtfully updated spaces suitable for families and professionals alike.

ATTRACTIONS

RESTAURANTS

•

Ocean View Farms

•

Exposition Corridor Path

•

Rustic Kitchen Market

•

Al's Hot Chicken

•

Mar Vista Rec Center

•

Venice Boulevard

•

Quiadaiyn Restaurant

•

Versailles Cuban Food

•

North Venice Little League

•

S Sepulveda Boulevard

•

Hokkaido Ramen Santouka

•

Benny's Tacos & Rotisserie

MARKET SUMMARY

JULY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

63

29

$1.40M

11

$1,131

46%

81

42

$1.64M

12

$917

52%

-22%

-31%

-15%

-8%

+23%

-11%

JULY

2022 JULY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,850,000 $1,637,500

$1,587,000

$1,447,500

81

80 42

Jul-21

Aug-21

$1,600,000

$1,825,000

$1,875,000

$1,960,000

$1,655,000

$1,635,500

$1,400,000

81

80 42

$1,700,000

$1,800,000

39

Sep-21

46

Oct-21

56

46

Nov-21

37

39

Dec-21

44

44

40 24

Jan-22

48

21

22

Feb-22

Mar-22

35

Apr-22

63

59

47 30

May-22

33

Jun-22

29

Jul-22

PLAYA DEL REY Playa Del Rey is a beautiful beach town just north of the Los Angeles International Airport. Play Del Rey got its reputation for being a surfer's beach in the 1950s, and there are still some great surfing spots today. The beach itself offers volleyball courts, a long paved bike path, a grass park, and basketball courts. For days not spent on the beach, take in the views or a tour of the Ballona Freshwater Marsh, one of the last remaining saltwater wetlands in Southern California. Playa Del Rey provides easy access to Highway 1 and the 405 freeway and borders Westchester and El Segundo, offering local opportunities in the education and aerospace industries.

ATTRACTIONS

RESTAURANTS

•

Playa Del Rey Beach

•

Otis College of Art & Design

•

Bacari PDR

•

Cantalini's Salerno Beach

•

McGurk Beach Jetty

•

Vista Del Mar Park

•

Playa Provisions

•

The Good Pizza

•

Del Rey Lagoon

•

Balboa Wetlands Reserve

•

Tandoor-A-India

•

Playa's Pita

MARKET SUMMARY

JULY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

33

21

$950K

14

$716

64%

61

24

$769K

12

$685

39%

-46%

-13%

+24%

+17%

+5%

+62%

JULY

2022 JULY

2021 PERCENT CHANGE

13-MONTH TRENDS

$769,000

61

$805,000

$840,000

51

43

Jul-21

$812,000

$762,500

$695,000

55 24

$850,000

25

Aug-21

17

Oct-21

15

Nov-21

20

29

$770,000

$704,500

$685,000

Dec-21

19

Jan-22

17

22 10

13

Feb-22

Mar-22

44

39

34 20

$950,000

$885,500

50

29

Sep-21

$836,000

20

Apr-22

11 May-22

33 21

Jun-22

21

Jul-22

PLAYA VISTA Playa Vista is where a tech hub, open space, recreation, entertainment, shopping, and dining all come together – all just a short walk away. With so much to see and do in Playa Vista, residents need not go far for a premium lifestyle experience. Companies like Google, Facebook, 72andSunny, IMAX, Electronic Arts, and more have taken residence here, as have dozens of newly constructed condo and apartment homes. Additionally, The CenterPointe Club and The Resort offer areas for social gatherings and relaxation. Exploring outside the area is also an easy trek as the closest beach is just 1.5 miles away, and Santa Monica is a 2.7-mile drive.

ATTRACTIONS

RESTAURANTS

•

Ballona Creek

•

Central Park

•

SOL Mexican Cocina

•

Hopdoddy Burger Bar

•

The Sports Park

•

Concert Park

•

Urban Plates

•

Kanpai Japanese Sushi Bar

•

Bluff Creek Trail

•

Runway Shopping District

•

Hash

•

Tocaya - Playa Vista

MARKET SUMMARY

JULY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

22

14

$1.24M

10

$949

64%

26

27

$1.57M

17

$813

104%

-15%

-48%

-21%

-41%

+17%

-39%

JULY

2022 JULY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,850,000

$1,750,000 $1,600,000

$1,565,000

$1,365,179

$1,337,000 $1,200,000

$1,055,000

26

27

Jul-21

26

Aug-21

$1,037,500

$1,021,000

$1,069,000

37

31 21

$1,236,498

$1,150,000

23

Sep-21

28

20

Oct-21

25 16

Nov-21

14

Dec-21

17

14

Jan-22

19

22

13

15

Feb-22

Mar-22

18

16

Apr-22

23 12

12

May-22

22

12

Jun-22

14

Jul-22

SANTA MONICA Santa Monica is an iconic name and coastal city. The city is a walkable 8.3 square miles and offers six distinct areas filled with opportunities for outdoor experience and fine shopping and dining. The Santa Monica Pier and Ocean Avenue are landmarks of the area with a quintessentially California lifestyle. Head north to Montana Avenue for ten blocks of tree-lined shopping, dining, and a historic theater. The centrally located mid-city hosts the city's thriving arts scene. Pico Boulevard hosts a weekly farmer's market against a backdrop of lively street art. Downtown Santa Monica is the entertainment hub, and Main Street features sandy beaches and a welcoming neighborhood vibe.

ATTRACTIONS

RESTAURANTS

•

Santa Monica Beach & Pier

•

Santa Monica College

•

Fritto Misto

•

Massilia

•

Downtown Santa Monica

•

Water Garden

•

Tar & Roses

•

Cassia

•

Palisades Park

•

Santa Monica Airport

•

Mercado Santa Monica

•

Santa Monica Market

MARKET SUMMARY

JULY 2022 JULY

2022 JULY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

227

56

$1.48M

13

$1,021

25%

277

89

$1.47M

14

$1,013

32%

-18%

-37%

+0.3%

-7%

+1%

-23%

13-MONTH TRENDS $1,845,000 $1,470,000

Jul-21

$1,630,000

$1,679,500

$1,709,000 $1,475,000

287

266

218

70

90

Aug-21

Sep-21

81

Oct-21

79

72

Nov-21

Dec-21

50 Jan-22

46 Feb-22

214

204

188

187

172

159

89

$1,735,000

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

293

277

$1,925,500

$1,908,288

$1,742,500

227

212

69

63

68

Mar-22

Apr-22

May-22

$1,475,000

60

Jun-22

56

Jul-22

VENICE Venice is the effortlessly vibrant and urban surfer hub of Los Angeles. With an eclectic blend of casual and upscale, Venice residents are surfers and artists, as well as entrepreneurs and professionals. In addition to the beach itself, Venice is known for the collection of canals just steps from the beach that offers residents a slice of waterfront property without being right on the major public pathways.

Homes in Venice offer a blend of newly developed apartment buildings and modern homes.

ATTRACTIONS

RESTAURANTS

•

Venice Beach

•

Santa Monica College

•

Old Lightning

•

Scopa Italian Roots

•

Venice Skate Park

•

Penmar Golf Course

•

Barrique

•

The Butcher's Daughter

•

Barnard Way Linear Park

•

Marine Park

•

Felix Trattoria

•

Nighthawk Breakfast Bar

MARKET SUMMARY

JULY 2022 JULY

2022 JULY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

87

21

$2.20M

14

$1,399

24%

142

33

$2.20M

17

$1,162

23%

-39%

-36%

0%

-18%

+20%

+4%

13-MONTH TRENDS $2,500,000 $2,200,000

$1,880,000

142

127

33

Jul-21

$2,485,000

$2,462,500

$2,181,500

123

32

Aug-21

$1,935,000

$1,885,000

110

18 Sep-21

95 28

Oct-21

$2,290,500

$2,297,636

$2,320,000

$2,200,000

$1,915,000

71 29

32

Nov-21

Dec-21

79

69

58 18 Jan-22

91

81

75

25

31

35

Feb-22

Mar-22

Apr-22

32

May-22

87 22

Jun-22

21

Jul-22

VIEW PARK/WINSOR HILLS View Park/Windsor Hills is a vibrant and affluent neighborhood bordered by Culver City, The Crenshaw District, and Leimert Park. Founded in the late 1930s, the neighborhood is known for its collection of homes and mansions in the Spanish Colonial and Mediterranean styles, many of which were designed by notable architects. It is also one of the largest California districts to be registered on the National Register of Historic Places. Outdoor amenities within the neighborhood include a tranquil city trail and two parks. View Park/Windsor Hills is convenient to the 405, 10, and 110 freeways.

ATTRACTIONS

RESTAURANTS

•

Stocker Corridor Trail

•

Doris Japanese Garden

•

Dulan's on Crenshaw

•

La Louisanne

•

Rueben Ingold Park

•

•

Jerusalem Chicken

•

New Orleans Snowballs

•

Ladera Park

Kenneth Hahn Park and Disc Golf Course

•

Simply Wholesome

•

Sachi Teriyaki House

MARKET SUMMARY

JULY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

24

4

$1.04M

7

$566

17%

18

12

$1.15M

10

$630

67%

+33%

-67%

-10%

-30%

-10%

-75%

JULY

2022 JULY

2021 PERCENT CHANGE

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

$1,375,000

$1,429,900

$1,425,000

$1,650,000

$1,634,250

$1,564,000

$1,450,000 $1,300,000

$1,260,000

$1,152,500

$1,041,500

21

18 12

Jul-21

19 8

Aug-21

15 5

Sep-21

9

Oct-21

9

9

Nov-21

7

8

Dec-21

18

15

13 7

Jan-22

18 11

24

20 15 9

10

12 4

3

Feb-22

Mar-22

Apr-22

May-22

Jun-22

Jul-22

WEST HOLLYWOOD West Hollywood (WeHo) is where the party starts. The high-energy nightlife includes famous comedy clubs, music venues, dance clubs, bars, celebrity restaurants, and world-renowned events, making this the hottest place in town. The art and culture continue through the day with book clubs and stores, film festivals and theaters, and theater and visual arts programs, offering opportunities for artists of all mediums to find community and spaces to create. Those working in entertainment can find a quick commute to Hollywood, Culver City, and Burbank, and downtown Los Angeles is approximately nine miles away.

ATTRACTIONS

RESTAURANTS

•

The Comedy Store

•

Whisky a Go Go

•

GRANVILLE

•

Norah

•

The Laugh Factory

•

Sunset Strip

•

WeHo Bistro

•

Katana

•

Pacific Design Center

•

Santa Monica Boulevard

•

Zinque

•

Connie & Ted's

MARKET SUMMARY

JULY 2022 JULY

2022 JULY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

156

46

$1.11M

15

$871

29%

179

54

$1.12M

17

$812

30%

-13%

-15%

-1%

-12%

+7%

-2%

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

$1,263,500

$1,117,500

$1,100,000

$985,000

$915,000

184

179

182

169 133

54

Jul-21

57

45

Aug-21

Sep-21

61

Oct-21

127

126

100

57

54

Nov-21

Dec-21

38 Jan-22

Feb-22

156

152

149

138

123 31

$1,215,000 $1,105,000

$1,050,000

$1,017,500

$1,315,500

$1,239,750

57

48

56

Mar-22

Apr-22

May-22

51

Jun-22

46

Jul-22

WEST LOS ANGELES West Los Angeles, also known as Sawtelle Japantown, is a unique neighborhood that celebrates Japanese culture in its restaurants and shops and other Far East locales such as China, Korea, and Vietnam. The main walkable commercial districts include Sawtelle Boulevard, Sepulveda Boulevard, and Westwood Boulevard. West Los Angeles also features the VA Greater Los Angeles Healthcare System, an extensive health campus. West Los Angeles is centrally located for commuters with easy access to the 405 and 10 freeways, as well as Santa Monica Boulevard and W Pico Boulevard. The area is also just a short drive to the sandy beaches of Santa Monica, UCLA, and Century City.

ATTRACTIONS

RESTAURANTS

•

Stoner Park

•

Santa Monica Boulevard

•

Chinchikurin - Sawtelle

•

Marugame Udon

•

Landmark's Nuart Theatre

•

•

Sonrita's Prime Tacos

•

Killer Noodle Tsujita

•

W Pico Boulevard

Los Angeles National Veterans Park

•

Tsujita LA Artisan Noodle

•

Plan Check Kitchen + Bar

MARKET SUMMARY

JULY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

55

24

$1.24M

9

$796

44%

81

32

$1.04M

12

$719

40%

-32%

-25%

+20%

-25%

+11%

+10%

JULY

2022 JULY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,200,000 $1,036,944

$1,082,500

$995,000

$1,050,000

$1,030,000

$1,078,750

$1,080,000

$1,150,000

$1,226,175

$1,288,000

$1,243,750

$935,000

81 65

60 32

Jul-21

36

Aug-21

60 31

Sep-21

46

29

Oct-21

25

Nov-21

35

33

Dec-21

34

27

Jan-22

27

20

Feb-22

27

23

Mar-22

37

55

47 29

Apr-22

30

22

May-22

18

Jun-22

24

Jul-22

WESTCHESTER Westchester started as an agricultural area in the early 20th century. However, after the opening of Mines Field and the growth of the aerospace industry during and after WWII, the area quickly grew – both the airport and surrounding neighborhood. Today, Westchester continues to grow, in part from the influx of tech companies into the neighboring Playa Vista area and the addition of the Howard Hughes center, which offers office space, apartments, and shopping. Westchester is now home to two main college campuses and the West Los Angeles campus for Pepperdine University. Westchester is convenient to the 405 freeway and just a short drive to Playa Del Rey Beach.

ATTRACTIONS •

Los Angeles Int'l. Airport

•

Loyola Marymount University

•

Otis College of Art & Design

RESTAURANTS •

•

Howard Hughes Shopping Center Westchester Golf Course

•

Ayara Thai Cuisine

•

Benny's Tacos & Rotisserie

•

The Ramen Joint

•

Truxton's American Bistro

•

Aliki's Greek Taverna

•

Melody Bar & Grill

MARKET SUMMARY

JULY 2022 TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

52

30

$1.57M

13

$929

58%

77

50

$1.43M

9

$833

65%

-32%

-40%

+10%

+44%

+11%

-11%

JULY

2022 JULY

2021 PERCENT CHANGE

13-MONTH TRENDS $1,800,000

$1,425,000

77 50

$1,337,500

64

$1,400,000

51

49

30

Jul-21

Aug-21

$1,374,500

$1,260,000

41

40 24

Sep-21

$1,500,000

Oct-21

30

$1,491,250

$1,775,000 $1,572,500

$1,455,000

$1,242,000

30

33

Dec-21

47

43

35 13

Nov-21

$1,745,317

Jan-22

40

39

39

23

22

Feb-22

60

48

Mar-22

Apr-22

May-22

52 31

Jun-22

30

Jul-22

WESTWOOD/CENTURY CITY Together, Westwood and Century City offer something for everyone. From the University of California, Los Angeles, at the north border of Westwood, to Fox Studios at the south border of Century City, these two neighborhoods boast a wide variety of opportunities for culture, enrichment, work, shopping, and dining. The area is also home to several parks and rec centers and the Los Angeles Country Club for outdoor sports. While Westwood is primarily single-family residences, Century City offers a variety of condominium complexes with a small enclave of single-family properties. Westwood and Century City are convenient to Santa Monica Boulevard and the 405 freeway.

ATTRACTIONS •

•

University of California, Los Angeles Los Angeles Country Club

RESTAURANTS •

Fox Studios

•

KazuNori

•

Din Tai Fung

•

Westfield Century City

•

Gushi

•

Hinoki & The Bird

•

Holmby Park

•

CAVA

•

Craft

MARKET SUMMARY

JULY 2022 JULY

2022 JULY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

216

59

$1.12M

20

$757

27%

306

82

$1.07M

25

$743

27%

-29%

-28%

+5%

-20%

+2%

0%

13-MONTH TRENDS $1,667,500 $1,487,500 $1,355,000

$1,310,000 $1,070,000

$1,150,000

82

Jul-21

$1,202,500

$1,345,000

$1,275,000

$1,147,500

$1,120,000

$1,042,500

319

306

$1,175,000

304

270

67

77

Aug-21

Sep-21

242 84

Oct-21

196

182 82

77

Nov-21

Dec-21

186 56

Jan-22

216

210

201

200

172 78

91

76

73

Feb-22

Mar-22

Apr-22

May-22

64 Jun-22

59

Jul-22

BEVERLY HILLS

WE ARE THE COAST BEVERLY HILLS 9454 Wilshire Blvd., Suite 600 Beverly Hills, CA 90212 310.205.0050

PALOS VERDES - MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275 310.831.0222

EL SEGUNDO 402 Main Street El Segundo, CA 90245 310.322.1425

REDONDO BEACH 1901 S. Catalina Avenue Redondo Beach, CA 90277 310.378.7747

PALOS VERDES - MALAGA COVE 63 Malaga Cove Plaza Palos Verdes Estates, CA 90274 310.378.9494

PALOS VERDES - SILVER SPUR 450 Silver Spur Road Rancho Palos Verdes, CA 90275 310.544.9999

MANHATTAN BEACH 1040 Manhattan Beach Blvd.

Manhattan Beach, CA 90266 310.376.2225

TORRANCE 23740 Hawthorne Blvd.

Torrance, CA 90505 310.378.9889

MANHATTAN BEACH/DOWNTOWN 1401 Highland Avenue Manhattan Beach, CA 90266 310.937.5700

WEST LOS ANGELES 10500 W. Pico Blvd.

Los Angeles, CA 90064 310.559.5570

MARINA DEL REY/VENICE 124 Washington Blvd.

Marina Del Rey, CA 90292 310.577.5300

WESTCHESTER/SILICON BEACH 7131 W. Manchester Avenue Los Angeles, CA 90045 310.802.6000

WEST LOS ANGELES

MARINA DEL REY/VENICE WESTCHESTER/SILICON BEACH

EL SEGUNDO

MANHATTAN BEACH MANHATTAN BEACH/DOWNTOWN REDONDO BEACH TORRANCE PALOS VERDES - MALAGA COVE PALOS VERDES - SILVER SPUR PALOS VERDES - MIRALESTE

600+ Local Agents | 12 Offices Luxury Residential | Commercial Investment Division | International DRE: #01879720

Andrew S. Wilson

REALTOR® Certified Residential Specialist Accredited Buyer Representative Graduate REALTOR Institute Quality Service Certified

310.387.1297

Andrew@AndrewWilson.com DRE# 01194411

LONG BEACH Susan Payne

REALTOR® Certified Residential Specialist Accredited Buyer Representative Quality Service Certified

Market Intelligence Susan@SusanPayne.com Market IntelligenceReport Report 310.625.2448 DRE# 01203767

Volume | May 2022 Volume 8 |8August 2022