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WESTSIDE Market Intelligence Report Volume 7 | April 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 South Bay Market Intelligence Report is published monthly based on the data available at the start of each month. All data presented is based on data supplied by CRMLS. Neither the Associations of REALTORS® nor their MLS’s guarantees or is in any way responsible for its accuracy. Information is deemed reliable, but not guaranteed. Copyright © 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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
191
26
$3.88M
39
$1,107
14%
2020
56
18
$6.16M
53
$1,306
32%
PERCENT CHANGE
+241%
+44%
-37%
-26%
-15%
-58%
MARCH
2021 MARCH
13-MONTH TRENDS $9,550,000 $6,155,000 $1,770,000
$3,405,113
$3,000,000
$1,401,000
$3,450,000
$2,469,000
$2,800,000
$4,600,000
$2,375,500
$2,700,000
203
56
56 18
14
Mar-20
Apr-20
7
May-20
99
97
81
80
70
191
150
130
125
116
$3,875,000
12
16
15
19
16
15
19
22
19
26
Jun-20
Jul-21
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
58
26
$3.88M
39
$1,107
14%
2020
31
18
$6.16M
53
$1,306
32%
PERCENT CHANGE
+87%
+44%
-37%
-26%
-15%
-58%
MARCH
2021 MARCH
13-MONTH TRENDS $3,155,000
$1,323,500
31
15
Mar-20
$1,300,000
$1,160,000
49
41
29 7
Apr-20
$1,546,967
58
45 26
2
May-20
7
Jun-20
$1,348,000
Jul-21
$1,615,165
68
58 15
Aug-20
$1,460,800
$1,335,000
57
$1,556,000
44
29
23
22
26
Sep-20
Oct-20
Nov-20
Dec-20
$1,450,000
$1,750,000
58
55
38
$1,536,000
17
11
15
Jan-21
Feb-21
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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
163
47
$1.88M
14
$795
29%
2020
84
21
$2.33M
25
$831
25%
PERCENT CHANGE
+94%
+124%
-20%
-44%
-4%
+15%
MARCH
2021 MARCH
13-MONTH TRENDS $2,535,000
$2,331,000 $1,685,000
$1,732,500
$2,522,500
$2,025,000
$1,900,000
$2,000,000
$2,200,000 $1,785,000
$1,617,500
$1,850,000
$1,875,000
193 143
134 84
163
141
134
131
134
80
127
104
101
21
26
20
21
Mar-20
Apr-20
May-20
Jun-20
40
Jul-21
56
Aug-20
41
44
41
48
Sep-20
Oct-20
Nov-20
Dec-20
30
35
Jan-21
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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
11
8
$2.65M
56
$943
73%
2020
15
7
$2.65M
71
$959
47%
PERCENT CHANGE
-27%
+14%
+0%
-21%
-2%
+56%
MARCH
2021 MARCH
13-MONTH TRENDS $3,800,000
$2,650,000
$2,520,000
$2,235,888
$2,600,000
$2,500,000
$3,007,000
$2,700,000
$2,775,000
$2,400,000
$2,650,000 $2,159,000
$1,755,000
15 7
Mar-20
13
15 7
Apr-20
1
May-20
23
17
14 6
7
Jun-20
Jul-21
20 3
Aug-20
20 9
11
Sep-20
Oct-20
17 9
Nov-20
12
9
Dec-20
14
19 7
7
Jan-21
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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
81
55
$1.12M
13
$757
68%
2020
58
24
$1.02M
14
$636
41%
PERCENT CHANGE
+40%
+129%
+10%
-7%
+19%
+64%
MARCH
2021 MARCH
13-MONTH TRENDS $1,017,500
$1,150,000
$1,121,750
$1,070,000
$871,500
$724,500
24
24
20
24
Mar-20
Apr-20
May-20
Jun-20
$1,210,000 $980,000
98 82
36
Jul-21
$1,122,000
113
68
57
$1,129,000
$990,000 $769,500
106
94
85 58
$1,150,000
43
47
Aug-20
Sep-20
57 42
Oct-20
81
74
Nov-20
46
51
Dec-20
55 38
34
35
Jan-21
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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
105
34
$846K
23
$654
32%
2020
37
22
$740K
31
$692
59%
PERCENT CHANGE
+184%
+55%
+14%
-26%
-5%
-46%
MARCH
2021 MARCH
13-MONTH TRENDS $1,126,250 $968,000
$969,750
$959,500
$924,500
$880,000
$880,000
$875,000
$885,000
$920,000
$910,000
$740,000
117
37
22
Mar-20
56
43
39 16
10
4
Apr-20
May-20
Jun-20
16
Jul-21
84
79
72
68
30
Aug-20
86
20
Sep-20
27
Oct-20
$846,400
105
82
74
18
21
27
21
Nov-20
Dec-20
Jan-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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
55
31
$699K
13
$526
56%
2020
53
31
$625K
15
$457
58%
PERCENT CHANGE
+4%
+0%
+12%
-13%
+15%
-4%
MARCH
2021 MARCH
13-MONTH TRENDS $625,000
$635,000 $575,000
$622,701
88
75
65
53
$589,000
$637,500
$650,000
78
48 31
Mar-20
17
Apr-20
11
May-20
17
Jun-20
30
Jul-21
20
Aug-20
29
Sep-20
$699,000 $580,000
$575,000
86
72
$708,000
$669,000
$578,975
78 38
Oct-20
49
41
26
Nov-20
Dec-20
55
54 33
25
Jan-21
32
31
Feb-21
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 Play 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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
134
42
$1.05M
14
$791
31%
2020
60
24
$1.11M
20
$806
40%
PERCENT CHANGE
+123%
+75%
-5%
-30%
-2%
-22%
MARCH
2021 MARCH
13-MONTH TRENDS $1,241,000 $1,107,500
$1,100,000
$1,130,000
$950,000
$1,057,500
$1,039,000
$1,145,000
$1,200,000
$1,340,000
$1,226,510
$1,125,000
134
130
60
66
52 24
21
Mar-20
Apr-20
99
83
7
May-20
99
20
26
Jun-20
Jul-21
99
102
99
44
39
42
Aug-20
Sep-20
Oct-20
$1,053,750
111
99
30
33
34
35
Nov-20
Dec-20
Jan-21
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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
125
52
$3.23M
24
$1,086
42%
2020
60
26
$2.68M
26
$875
43%
PERCENT CHANGE
+108%
+100%
+21%
-8%
+24%
-4%
MARCH
2021 MARCH
13-MONTH TRENDS $2,677,925
$2,457,500
$2,900,000
$3,355,500
Mar-20
$3,050,000
$3,650,000
$3,367,000
$2,343,000
$2,330,000
101
102
93
15
Apr-20
May-20
22
Jun-20
30
33
Jul-21
Aug-20
44
43
41 26
Sep-20
Oct-20
Nov-20
$3,233,000
125
88
75
12
$2,593,750
127
74
65 26
$2,825,000
113
106
94 60
$2,912,500
39
52
22
Dec-20
Jan-21
Feb-21
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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
77
56
$1.65M
12
$851
73%
2020
53
20
$1.54M
9
$932
38%
PERCENT CHANGE
+45%
+180%
+7%
+33%
-9%
+93%
MARCH
2021 MARCH
13-MONTH TRENDS $1,709,750 $1,543,900
$1,664,000 $1,473,553
$1,600,000
$1,490,000
103 78
70
20
Mar-20
14
18
Apr-20
May-20
Jun-20
$1,650,000
$1,550,000
84
39
Jul-21
30
Aug-20
$1,650,000 $1,462,500
101
76
29
$1,565,000
$1,387,500
99
54
53
$1,615,000
42
Sep-20
54
Oct-20
83 61 41
Nov-20
77 56
56 35
37
Dec-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 it's 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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
51
24
$834K
7
$694
47%
2020
42
15
$735K
13
$654
36%
PERCENT CHANGE
+21%
+60%
+13%
-46%
+6%
+32%
MARCH
2021 MARCH
13-MONTH TRENDS $1,087,500 $941,500 $815,000 $735,000
$779,500
$677,000
42 27
34
15
16
Mar-20
Apr-20
52
43
8
May-20
9
Jun-20
46
$833,500 $740,000
37
19
22
Jul-21
Aug-20
27
Sep-20
$725,750
$715,000
$734,000
$736,500
16
Oct-20
51
48
38
36
$715,000
10
Nov-20
21
21
Dec-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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
52
22
$1.02M
17
$742
42%
2020
25
18
$1.20M
19
$780
72%
PERCENT CHANGE
+108%
+22%
-15%
-11%
-5%
-41%
MARCH
2021 MARCH
13-MONTH TRENDS $1,750,000
$1,625,500 $1,400,500
$1,200,450
$1,229,100
$1,179,000
$1,150,000
$1,125,000
$1,044,500
$1,008,750
$1,223,000
$1,092,000
60 44 25
18
7
Mar-20
41
31
26
Apr-20
4
May-20
49
7
Jun-20
45
37 13
Jul-21
17
Aug-20
10
Sep-20
41 20
16
Oct-20
Nov-20
52
41
39 9
Dec-20
16
Jan-21
$1,024,500
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 host's 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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
298
76
$1.69M
13
$1,013
26%
2020
92
45
$1.55M
16
$990
49%
PERCENT CHANGE
+224%
+69%
+9%
-19%
+2%
-48%
MARCH
2021 MARCH
13-MONTH TRENDS $1,687,500
$1,557,500
$1,550,000 $1,300,000
$1,333,000
$1,400,000
$1,367,500
$1,310,000
$1,380,000
$1,300,000 $1,150,000
$1,370,000 $1,185,000
298
292
135
98
92 45
33
24
Mar-20
Apr-20
May-20
208
184
174
48
Jun-20
223
203
70
59
Jul-21
Aug-20
212
203
164 83
Sep-20
64
59
Oct-20
Nov-20
79
Dec-20
76
47
35
Jan-21
Feb-21
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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
141
30
$1.92M
15
$1,181
21%
2020
47
21
$2.35M
22
$971
45%
PERCENT CHANGE
+200%
+43%
-18%
-32%
+22%
-52%
MARCH
2021 MARCH
13-MONTH TRENDS $2,350,000 $1,957,500
$2,150,000
$2,105,000
$2,075,000
$1,915,000
$1,856,000
$2,045,000
$1,888,000
$1,814,000
$1,725,000
$1,918,000
$1,408,000
141
123 69
53
47 21
Mar-20
8
Apr-20
8
May-20
93
83
78 19
23
24
Jun-20
Jul-21
Aug-20
95
90
82 37
Sep-20
89
70 25
Oct-20
16
Nov-20
37 15
Dec-20
Jan-21
31
30
Feb-21
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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
212
66
$1.01M
28
$754
31%
2020
73
47
$1.23M
19
$784
64%
PERCENT CHANGE
+190%
+40%
-17%
+47%
-4%
-52%
MARCH
2021 MARCH
13-MONTH TRENDS $1,225,000
$1,377,500 $1,000,000 $812,500
$929,000
$850,000
$971,250 $824,250
$1,039,500 $875,000
$1,150,000 $1,011,250
$1,004,250
212
99
81
73
117
112
47
Mar-20
18
20
21
Apr-20
May-20
Jun-20
153
143
135
53
45
Jul-21
Aug-20
56
Sep-20
141
42
Oct-20
212
123
116 53
52
Nov-20
Dec-20
42
41
Jan-21
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 it's 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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
73
33
$852K
17
$671
45%
2020
24
12
$1.23M
10
$808
50%
PERCENT CHANGE
+204%
+175%
-31%
+70%
-17%
-10%
MARCH
2021 MARCH
13-MONTH TRENDS $1,234,500 $1,002,500
$1,065,000
$992,500
$1,084,000
$1,147,500
$1,142,500 $960,000
63
62
24 12
Mar-20
19
33
27 12
Apr-20
7
May-20
31 8
Jun-20
15
16
Jul-21
Aug-20
Sep-20
$1,093,750 $895,000
$852,000
73
62
53
49
$1,110,000 $950,000
46 30
Oct-20
47
39 25
23
Nov-20
Dec-20
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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
42
44
$1.23M
9
$766
105%
2020
44
31
$1.43M
11
$818
70%
PERCENT CHANGE
-5%
+42%
-14%
-18%
-6%
+49%
MARCH
2021 MARCH
13-MONTH TRENDS $1,425,000 $1,225,000
$1,322,500
$1,356,500
49
42
31
Mar-20
79
69
63
14
Apr-20
$1,269,000
$1,100,000
83
44
$1,502,500 $1,311,500
19
22
May-20
Jun-20
Jul-21
74
33
Aug-20
$1,172,000
$1,271,250
$1,250,000
$1,287,500
$1,225,000
63 36
Sep-20
41
Oct-20
50
46 34
Nov-20
26
32
Dec-20
22
17
Jan-21
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
MARCH 2021 CURRENT INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
SOLD PRICE PER SQUARE FOOT
SALES RATIO
297
78
$1.33M
29
$771
26%
2020
91
52
$1.20M
17
$714
57%
PERCENT CHANGE
+226%
+50%
+11%
+71%
+8%
-54%
MARCH
2021 MARCH
13-MONTH TRENDS $1,199,995
$1,272,000
$1,225,000 $1,050,000
$1,109,000 $967,000
$1,330,000
$1,274,500 $1,136,000
$1,117,500
$1,090,000
$956,000
$1,010,000
297
276
91 52
Mar-20
136
111
83 27
21
26
Apr-20
May-20
Jun-20
39
Jul-21
192
188
172
168
163
66
56
62
Aug-20
Sep-20
Oct-20
187
161
48
Nov-20
67
Dec-20
49
55
Jan-21
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 10931 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
Published on Dec 12, 2018