__MAIN_TEXT__
feature-image

Page 1

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

Profile for RE/MAX Estate Properties

RE/MAX Estate Properties Westside+ Market Intelligence Report