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