Teri Hawkins Selling a piece of paradise... from Manhattan Beach to Palos Verdes
SOUTH BAY
Market Market Intelligence Intelligence Report
TERI HAWKINS Luxury Home Specialist
310.251.3850
terihawkinspv@gmail.com www.terihawkins.com
RE/MAX Hall of Fame DRE# 01195117
Volume 7 | November 2021
SOUTH BAY MARKETS Carson
4
El Segundo
6
Gardena
8
Hawthorne
10
Hermosa Beach
12
Hollywood Riviera
14
Lawndale
16
Lomita
18
Manhattan Beach
20
Redondo Beach
22
Torrance
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 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.
CARSON Located just 13 miles south of downtown Los Angeles, Carson is the newest incorporated city in the South Bay region. Carson is home to California State University, Dominguez Hills. With more than 120 acres of green space dedicated to outdoor recreation and an expansive sports complex for soccer, tennis, and track and field, Carson offers plentiful opportunities to soak in the California sunshine. Bordered by West Rancho Dominguez, Compton, Rancho Domiguez, and Long Beach, Carson residents enjoy close proximity to South Bay beaches and industrial and tech hubs while offering a warm and inviting suburban lifestyle.
ATTRACTIONS • Carson Park • Dignity Health Sports Park • International Printing Museum
RESTAURANTS • Gnome Village
• Rosario's Italian Restaurant
• Darrow's New Orleans Grill
• Go Kart World
• Chinollo
• Back Home in Lahaina
• Anderson Park
• Hiccups Tea House
• Orleans & York Deli
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
60
45
$715K
10
$460
75%
2020
84
38
$555K
8
$411
45%
PERCENT CHANGE
-29%
+18%
+29%
+25%
+12%
+66%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $555,000
84
$582,500
$631,000
$672,000 $601,000
$630,000
$650,000
$665,000
70 38
40
38
26
27
Jan-21
Feb-21
22
Oct-20
Nov-20
Dec-20
49
47
46
42
Mar-21
50
41
Apr-21
46
47
May-21
$705,000
60
49
Jun-21
$675,000
49
59
Jul-21
$672,000
$742,500
74
66
$715,000
60
42
42
45
Aug-21
Sep-21
Oct-21
EL SEGUNDO If beachside living and small-town charms with a growing community of businesses sounds appealing, then look no further than El Segundo. This hidden beachside gem is quickly becoming an economic powerhouse. With the Los Angeles Airport (LAX) right next door and easy connections to major freeways and metro stops, local and global travel is a breeze. Recognized as the aerospace capital in the world, this community is home to leaders in aerospace and defense, bioscience, information technology, energy, and creative media. El Segundo also offers thriving cultural experiences in sports, culture, fine dining and more.
ATTRACTIONS
RESTAURANTS
• Dockweiler Beach
• R6 Distillery
• Jame Enoteca
• Britt's BBQ
• Old Town Music Hall
• Automobile Driving Museum
• Ali'i Fish Company
• Ensenada's Surf & Turf
• The Lakes at El Segundo
• El Segundo Parks & Rec
• Caló Kitchen + Tequila
• Salt Creek Grille
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
21
7
$925K
13
$724
33%
2020
41
13
$1.47M
17
$671
32%
PERCENT CHANGE
-49%
-46%
-37%
-24%
+8%
+5%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $1,781,750
$1,733,222 $1,517,500
$1,469,000
$1,545,500 $1,365,000
$1,214,500
$1,200,000
$1,180,000
$1,575,000
$1,518,750
$1,437,500
$925,000
41
31 13
13
Oct-20
Nov-20
17
16
Dec-20
10
12
Jan-21
19
9
Feb-21
16
14
Mar-21
23
13
Apr-21
21
14
May-21
21
17
Jun-21
22
16
Jul-21
22
25 13
16
Aug-21
Sep-21
21 7
Oct-21
GARDENA Once known for its acres and acres of berries, Gardena is now a thriving city in the South Bay. Located approximately 40 minutes to downtown Los Angeles and 20 minutes to Manhattan Beach, this city is ideally located for commuters and beachgoers who seek a quieter life. Not without it's own activities, Gardena has several parks, several enticing restaurants, two card rooms, and more. Between the city and Torrance to the south, there are many opportunities for employment in industrial industries. Gardena also boasts easy freeway access to the 110, 105, and 405, residents are able to travel explore all that Los Angeles has to offer.
ATTRACTIONS
RESTAURANTS
• Rowley Memorial Park
• Arthur Lee Johnson Park
• Spoon House Bakery
• Jin Jja Roo
• Thornburg Park
• Gardena Bowl
• Kotohira Restaurant
• Fukagawa
• Mas Fukai Park
• Alondra Golf Course
• O' Young's Rock Pot
• Grand Fish Tacos & Ceviche
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
46
46
$715K
9
$484
100%
2020
91
29
$655K
8
$462
32%
PERCENT CHANGE
-49%
+59%
+9%
+13%
+5%
+214%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $655,000
91
$610,000
$590,000
$635,000
$627,400
$680,000
$724,000
$706,500 $650,000
$650,000
$684,500
$690,000
$715,000
84 66
29
Oct-20
39
49
50 36 19
Nov-20
Dec-20
Jan-21
45
43
39 28
25
Feb-21
Mar-21
53
Apr-21
40
38
May-21
48 35
Jun-21
43
49
39
36
39
Jul-21
Aug-21
Sep-21
46
46
Oct-21
HAWTHORNE Founded in 1905 and incorporated in 1922, Hawthorne is pleasantly nestled in the South Bay with easy access to work, travel, and play. Surrounded by the 405, 110, and 105 freeways, residents have easy access to all that Greater Los Angeles has to offer. Hawthorne boasts several top companies including SpaceX, Tesla, The Boring Company, Northrop Corporation, OSI Systems, and Century Media Records. For those looking for a family-oriented neighborhood in a thriving community, Hawthorne is a great place to call home.
ATTRACTIONS
RESTAURANTS
• Eucalyptus Skate Park
• Hawthorne Memorial Park
• Jim Thorpe Park
• Hawthorne Municipal Airport • Zacatecas
• Star Helicopters
• Bossa Nova
• Hummus House
• India's Tandoori Halal • Common Space Brewery • Los Angeles Ale Works
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
47
43
$810K
15
$610
91%
2020
71
41
$730K
9
$559
58%
PERCENT CHANGE
-34%
+5%
+11%
+67%
+9%
+58%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $730,000
$761,600
$840,000
$810,000 $725,000
$831,000
$835,000
$870,000
$880,000 $799,000
$740,000
$790,000
$810,000
47
47
71 41
Oct-20
49 35
Nov-20
41 25
Dec-20
32
31
18
15
Jan-21
Feb-21
15
33
Mar-21
38
39
Apr-21
37
42
41
27
May-21
Jun-21
58
50 29
31
Jul-21
Aug-21
37
Sep-21
43
Oct-21
HERMOSA BEACH Hermosa Beach, home of the casual surfer lifestyle, twenty parks, and 1.8 miles of Pacific Ocean perfection. Nestled between Redondo Beach and Manhattan Beach, residents in Hermosa Beach can often be found enjoying favorite coastal pastimes, walking along the pier, playing outdoor sports such as tennis and baseball, enjoying fresh produce at the farmer's market or trying new fare at one of the many restaurants. Area real estate is almost exclusively single-family homes, often designed with floor-to-ceiling windows to take advantage of the views. For those seeking coastal breezes, laid back atmosphere, and a nice distance from the city hustle, Hermosa Beach is the place.
ATTRACTIONS
RESTAURANTS
• Hermosa Beach and Pier
• The Farmer's Market
• Zane's Steakhouse
• Fritto Misto
• The Strand
• South Park
• Palmilla Cocina y Tequila
• Dia de Campo
• The Comedy Club
• Noble Park
• Gum Tree
• Chef Melba's Bistro
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
40
18
$2.11M
13
$978
45%
2020
58
17
$1.80M
28
$945
29%
PERCENT CHANGE
-31%
+6%
+17%
-54%
+4%
+54%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $2,400,000 $2,050,000 $1,795,000
$1,871,500
17
Oct-20
$1,850,000
58
53 41 13
Nov-20
Dec-20
14
17
Jan-21
Feb-21
51
50
43
38 24
$2,082,500
$1,885,000
60
58
$2,350,000 $2,082,500
28
29
Mar-21
Apr-21
$2,047,500
48
May-21
$2,000,005
44
32 21
$2,222,222
45
Jun-21
Jul-21
40
33
20
Aug-21
$2,105,000
19
18
Sep-21
Oct-21
HOLLYWOOD RIVIERA Hollywood Riviera, coined by developer Clifford Reid in 1927, got its name from bearing a resemblance to the French Riviera and on the dream of utilizing the area's natural setting for Hollywood's silver screens. The area is bordered by Palos Verdes Estates to the south and Redondo Beach and Torrance to the north. Outdoor amenities include the famous Riviera Village, a pedestrian friendly district for galleries, shopping, dining, a weekly Farmer's Market, and more as well as Torrance Beach, Rat Beach, and several parks. Commuters have direct access to Highway 1 and State Routes 107 and 213.
ATTRACTIONS
RESTAURANTS
• Torrance Beach
• Riviera Village
• Bettolino Kitchen
• Gabi James
• Rat Beach
• El Retiro Park
• Riviera House
• The Hook & Plow
• Miramar Park
• Los Arboles Rocketship Park
• Little Sister
• TNT Aloha Cafe
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
14
17
$1.63M
11
$818
121%
2020
23
8
$1.50M
7
$657
35%
PERCENT CHANGE
-39%
+113%
+8%
+57%
+25%
+249%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $1,500,000
23
$1,625,000
$1,700,000 $1,549,000 $1,388,500
22
20 8
10
Oct-20
Nov-20
22
21 5
Dec-20
11
Jan-21
$1,675,000 $1,420,000
22
15
7
Feb-21
Mar-21
19 10
Apr-21
$1,775,000 $1,625,000
$1,425,000
$1,402,500
20
$1,855,250
$1,701,500
25 15
16
May-21
Jun-21
16
14
Jul-21
17
10
Aug-21
14
13
Sep-21
14
17
Oct-21
LAWNDALE Lawndale, California - a beautiful city and community located south of Hawthorne and west of Gardena. The city's close proximity to the beach allows residents to enjoy the marine layer almost identical to that of Manhattan Beach and El Segundo, while in quieter location away from the beach popularity. The city is split diagonally by the 405 freeway, affording convenient access points for commuters. Recreation activities include a golf course and neighboring park that hosts year round family-friendly activities. Local employment opportunities are available in aerospace, oil, and professional services, as well as commuting across the greater metro area.
ATTRACTIONS
RESTAURANTS
• Alondra Park & Golf Course
• Jane Addams Park
• Ensenada's Surf N Turf Grill
• El Amigo
• Rudolph Park
• Hawthorne Boulevard
• Havana Mania
• Saigon Dish
• Roger Anderson Park
• LA Rugby Club
• Pacific Rim Thai Kitchen
• Corner Burger
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
19
18
$718K
14
$509
95%
2020
20
19
$700K
8
$426
95%
PERCENT CHANGE
-5%
-5%
+3%
+75%
+19%
+0%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $820,000
$765,000 $701,750
$700,000 $625,000
$610,000 $535,000
20
19
23
16 7
Oct-20
$740,000
Nov-20
12
Dec-20
6
13
Jan-21
8
Feb-21
$717,500
$625,000
$594,500
16
$710,000
$691,500
10
16
Mar-21
12
14
Apr-21
20
17
23 14
18
5
May-21
Jun-21
Jul-21
22
20
19
11
9
Aug-21
Sep-21
18
Oct-21
LOMITA From a simple ranch house to a sleepy narrow gauge electric railroad stop and a handful of roads named after trees and fruits, Lomita has grown into a small city that, in spite of its growth, has maintained its rustic, small-town flavor. The Lomita railroad museum still stands today as a testament to the city's history. Lomita might be one of the smallest cities in the area, and this fact is part of the area charm. As with Neighboring cities, residents have access to an eclectic blend of restaurants, recreation opportunities, and major commuting freeways. Real estate offerings are a blend of single-family and attached homes that are perfect for families, professionals, and investors.
ATTRACTIONS
RESTAURANTS
• Lomita Railroad Museum
• Hathaway Park
• King Poke
• Harry's Oklahoma BBQ
• Lomita Park
• Veterans Park
• Bites and Bashes Cafe
• Pinky's Hot Box
• Lomita Library
• Planet Escape Room
• The Nook Breakfast Spot
• Lomita's Best
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
27
11
$777K
13
$490
41%
2020
45
16
$660K
6
$474
36%
PERCENT CHANGE
-40%
-31%
+18%
+117%
+3%
+15%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $999,500
$659,500
$729,000
$732,000
$789,950
$850,000 $723,500
$754,500
$770,500
$839,625
$875,500
$799,000
$777,000
45 33 16
20
16
22 8
Oct-20
Nov-20
Dec-20
12
Jan-21
18
14
Feb-21
16
22 12
Mar-21
14
Apr-21
20
20
May-21
26 18
14
Jun-21
14
27
25
12
10
10
11
Jul-21
Aug-21
Sep-21
Oct-21
MANHATTAN BEACH Manhattan Beach is a South Bay hotspot for outdoor enthusiasts, families, and anyone who dreams of waking up to sunny beachside views every morning. The over two miles of coastline offer residents year round opportunities for relaxation, rejuvenation, and a plethora of opportunities for shopping and dining with a view. Head a few streets inland for parks, gardens, golfing and access Highway 1. Located just south of the Los Angeles airport and an hour to Downtown Los Angeles, residents enjoy convenient access to work and enjoying what the greater area has to offer.
ATTRACTIONS • Roundhouse Aquarium
RESTAURANTS • Polliwog Park & Manhattan Beach Botanical Garden
• The Strand Bike Path
• The Strand House
• The Arthur J
• Jute Coastal Bar + Kitchen
• Zinc
• Simmzy's
• Nick's Manhattan Beach
• Bruce's Beach • Manhattan Beach Art Center
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
73
41
$3.50M
9
$1,350
56%
2020
121
51
$2.88M
24
$1,091
42%
PERCENT CHANGE
-40%
-20%
+22%
-63%
+24%
+33%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $3,382,500 $3,075,000
$2,880,000 $2,375,000
121
$2,585,000
108
Oct-20
43
Nov-20
58
45
Dec-20
55
120
106
18
27
Jan-21
Feb-21
$3,500,000
$3,350,000 $2,765,000
96 51
$3,129,375
$3,358,000 $2,988,000
104
98
42
48
52
57
Mar-21
Apr-21
May-21
Jun-21
$3,187,500 $2,787,500
84 45
Jul-21
74
87 54
Aug-21
73 42
41
Sep-21
Oct-21
REDONDO BEACH Located at the start of Los Angele's County's coastal edge, 20 miles south of downtown Los Angeles and seven miles south of Los Angeles International Airport, Redondo Beach is a premier beachfront destination. The city offers year round beach days, high end shopping and dining, pristine parks, and gorgeous waterfront properties. Local opportunities can be found in the northern industrial complex anchored by Northrop Grumman as well as in neighboring city, Torrance. Those looking for single-family and condos/townhomes can find properties right along the water as well as a short walk or drive away from the water's edge.
ATTRACTIONS
RESTAURANTS
• Seaside Lagoon
• Hopkins Wilderness Park
• Bluewater Grill
• Pura Vita
• South Bay Galleria
• Veterans Park
• Sea Level Restaurant
• Maderos Cocina Mexicana
• Redondo Beach Marina
• RB Performing Arts Center
• The Standing Room
• Hudson House
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
83
96
$1.37M
10
$752
116%
2020
177
88
$1.08M
13
$621
50%
PERCENT CHANGE
-53%
+9%
+27%
-23%
+21%
+133%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $1,310,000 $1,077,000
$1,175,000
$1,241,000
$1,237,500
$1,339,000
$1,300,000
$1,333,500
$1,342,500
$1,300,000
$1,311,000
$1,380,000
$1,366,000
177 133 88
Oct-20
87
Nov-20
86
74
Dec-20
107 100
95 62
60
Jan-21
Feb-21
47
Mar-21
116
94
Apr-21
91
90
May-21
116
96
Jun-21
110
98
Jul-21
103
82
Aug-21
104
78
Sep-21
83
96
Oct-21
TORRANCE Torrance is the eight largest city in Los Angeles County, and as such, provides an abundance of lifestyle experiences. Choose to live by the beach, slightly further inland, or in a more suburban setting. Torrance has something for everyone — traditional and luxury, homes, condos, and townhomes. In Torrance, year round local events, Recreation parks, museums, shopping, and a plethora of authentic cuisine are all a short distance away. Torrance is also home to El Camino College and a robust collection of industries. Aviation enthusiasts can find home at Zamperini field, a municipal airport primarily for private aircraft and instruction.
ATTRACTIONS
RESTAURANTS
• Torrance Beach
• Columbia Park
• The San Franciscan
• Madre
• Zamperini Field
• Torrance Art Museum
• King Hawaiian Bakery
• Shrimp By You
• Madronna Marsh Preserve
• Charles Wilson Park
• Silog
• Din Tai Fung
MARKET SUMMARY
OCTOBER 2021 TOTAL INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQUARE FOOT
SALES RATIO
112
111
$970K
9
$624
99%
2020
228
120
$836K
8
$528
53%
PERCENT CHANGE
-51%
-8%
+16%
+13%
+18%
+88%
OCTOBER
2021 OCTOBER
13-MONTH TRENDS $835,750
$876,500
$950,000 $799,000
$817,500
$829,300
$895,000
$870,500
$880,000
$910,000
$902,500
115 121
124
$830,000
$970,000
228 192 120
104
102
123 55
Oct-20
Nov-20
Dec-20
78
Jan-21
110
105
131
138 106
129
118
107
126
142 137
146 112 111
74
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-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 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
W E A R E T H E COA S T
600+ Local Agents | 12 Offices Luxury Residential | Commercial Investment Division | International DRE: #01879720
Selling a piece of paradise... from Manhattan Beach to Palos Verdes
CONNECT WITH US o www.TeriHawkins.com f www.facebook.com/selling pradise i www.linkedin.com/in/TeriHawkins Teri Hawkins | 310.251.3850 www.terihawkins.com | Luxury Home Specialist