WESTSIDE MDR - VENICE
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Market MarketIntelligence IntelligenceReport Report Volume Volume88| |May July 2022 2022
REALTOR - OFFICE MANAGER
310.699.9693 DFast@eplahomes.com www.denisefast.com Lic# 01211435
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
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
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
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