September 2017 Home Sales in the Hollywood Riviera and South Bay

September was another busy month in South Bay Real estate with a strong number of home sales along with some impressve prices.  Median home prices in the Hollywood Riviera cities of Redondo Beach and Torrance were again impressive.    Redondo Beach saw 86 home sales with a median price of $1,021,000 and Torrance 126 property sales with a median home price of just under $730,000.  There were 14 home sales in the Hollywood Riviera in September at a median price of $1,262,000.  To see all of the homes sold in the South Bay in September visit our recent home sales page.

City Homes Sold September 2017 Median September 2016 Median Year over Year % Change%
Carson 55 $511,000 $462,000 10.5%
El Segundo 9 $1,130,000 $840,000 34.5%
Gardena 48 $475,000 $444,000 7.1%
Harbor City 22 $553,000 $465,000 19%
Hawthorne 46 $595,000 $558,000 6.6%
HermosaBeach 12 $2,150,000 $1,449,000 48.4%
Lawndale 15 $490,000 $479,000 2.3%
Lomita 12 $576,000 $593,000 -2.9%
Long Beach 326 $520,000 $478,000 8.8%
Manhattan Beach 38 $1,877,000 $2,200,000 -14.7%
Marina Del Rey 24 $933,000 $900,000 3.7%
Palos Verdes Estates 43 $1,600,000 $1,4023,000 14.1%
Playa Del Rey 17 $753,000 $538,000 39.9%
Rancho Palos Verdes 52 $1,250,000 $1,035,000 20.8%
Redondo Beach 86 $1,021,000 $1,035,000 20.8%
San Pedro 71 $558,000 $534,000 4.7%
Torrance 126 $728,000 $648,000 12.4%
Westchester 25 $1,140,000 $890,000 15.2%

Strong Real Estate Market in the Hollywood Riviera for June 2017

June 2017 was a big month for home sales in Redondo Beach and Torrance CA with a fairly huge number of homes selling.  The two cities saw a relatively huge 117 and 184 homes selling respectively.  The Hollywood Riviera, with a Redondo Beach mailing address but actually in the city of Torrance, saw 19 home sales with a median price of $1,375,000.  The summer months are always an active market in this coastal community due to the ideal weather and location.  Click here to see all of the recent home sales in the Hollywood Riviera.

City Homes Sold June 2017 Median June 2016 Median Year over Year % Change%
Carson 61 $445,000 $450,000 -1.1%
El Segundo 15 $800,000 $1,135,000 -29%
Gardena 70 $461,000 $430,000 7.2%
Harbor City 19 $465,000 $547,000 -15%
Hawthorne 45 $592,000 $624,000 -5.1%
Hermosa Beach 26 $1,718,000 $1,274,500 34.8
Hollywood Riviera 19 $1,375,000 $1,177,000 14.4%
Lomita 18 $565,000 $555,000 1.8%
Long Beach 419 $523,000 $470,000 11.2%
Manhattan Beach 57 $2,467,000 $1,924,000 28.2%
Marina Del Rey 34 $968,000 $900,000 7.6%
Palos Verdes Estates 46 $1,679,000 $1,533,000 9.5%
Playa Del Rey 34 $683,000 $603,000 13.3%
Rancho Palos Verdes 75 $1,240,000 $1,200,000 3.3%
Redondo Beach 117 $969,000 $945,000 2.5%
San Pedro 82 $510,000 $500,000 1.9%
Torrance 184 $673,000 $635,000 5.9%
Westchester 42 $1,090,000 $1,050,000 3.8%

Median Home Prices in the Hollywood Riviera top $1,400,000 for May 0f 2017

The Hollywood Riviera saw another solid month with 7 homes sales at a median home price of $1,405,000.

 

City Homes
Sold
May 2017 Median May 2016 Median Year over Year % Change%
Carson 41 $458,000 $453,000 1.2%
El Segundo 8 $880,000 $803,000 9.7%
Gardena 65 $523,000 $425,000 23.1%
Harbor City 14 $503,000 $439,000 14.5%
Hawthorne 46 $610,000 $485,000 25.8%
Hermosa Beach 26 $1,738,000 $1,285,000 35.3%
Lawndale 16 $485,000 $455,000 6.5%
Lomita 18 $653,000 $488,000 33.7%
Long Beach 356 $472,000 $485,000 -2.6%
Manhattan Beach 46 $2,175,000 $1,875,000 16%
Marina Del Rey 32 $933,000 $925,000 0.8%
Palos Verdes Estates 47 $1,650,000 $1,499,000 10.1%
Playa Del Rey 31 $720,000 $560,000 28.6%
Rancho Palos Verdes 51 $1,275,000 $1,060,000 20.3%
Redondo Beach 87 $1,054,000 $950,000 10.9%
San Pedro 63 $620,000 $489,000 26.8%
Torrance 140 $690,000 $593,000 16.4%
Westchester 44 $965,000 $1,130,000 -14.6%

Nearing $3,000,000 in the Hollywood Riviera?

By Keith Kyle

It wasn’t long ago that most homes for sale in the Hollywood Riviera were priced around $1,000,000 with only the truly spectacular reaching towards the $2.0M mark.  Those days have past with $2,000,000+ being the new normal for big views and the abundance of high end flips in the area.  As of 2/8/17 there are 5 homes in the Hollywood Riviera priced over $2,000,000 and most are well over that formerly elusive price point.

Contact us for more information, or visit our current homes for sale in the Hollywood Riviera to see all of the current listings and homes for sale in this wonderful community.

November 2016 Home Sales in the Hollywood Riviera

See the homes sold in the Hollywood Riviera in November 2016. 7 homes sold during November with an average price of just under $1,230,000.  Visit the Hollywood Riviera MLS access to see the current homes for sale in this wonderful community in Redondo Beach and Torrance.

 

  409 Camino De Las Colinas    
SOLD    Townhouse List / Sold: $899,999 / $899,000    
7 days on the market    Sold On 11/18/2016
3 beds, 3 baths    1,566 sqft    93,687 sqft lot    $574.07/sqft    Built in 1978
Peace and Tranquility in the Hollywood Riviera. It’s about living in the 310. 3 big ocean views, 1’s private remodeled retreat and just about 0 stress. Attached 2-car garage for yourself and your guests can simply park on the street less traveled. Un-blockable panoramic Pacific Ocean view including ocean views from the granite-stainless steel kitchen, the earth-toned living room with fireplace and More

ML# SB16717348 
  466 1/2 Palos Verdes Bl    
SOLD    Townhouse List / Sold: $965,000 / $970,000    
13 days on the market    Sold On 11/07/2016
3 beds, 3 baths    1,886 sqft    87,871 sqft lot    $514.32/sqft    Built in 1974
Breathtaking whitewater ocean and city lights Queen’s necklace views await you in this large 3 story townhome with attached 2 car garage. Fall asleep to the sound of waves crashing on the beach. The ocean view master suite with walk in closet, two bedrooms and 1 3/4 bathrooms are on the third floor. The main floor includes the ocean view living room with balcony, dining room, 1/2 bath and kitchen wiMore

ML# PV16706281 
  219 Paseo De Las Delicias    
SOLD    Single Family Residence List / Sold: $1,250,000 / $1,125,000    
25 days on the market    Sold On 11/23/2016
3 beds, 2 baths    1,677 sqft    7,675 sqft lot    $670.84/sqft    Built in 1951
Beautiful home in Hollywood Riviera, a short walk to the Village and Beach.. Prime location. Charming home with a great floor plan, but is in original 1952 condition for the most part and sold as-is. Original hardwood floors. Great project to update and earn sweat equity. Nice roomy backyard. Direct entry from garage to house through laundry room. Large garage loft storage area. Near new roof. Second More

  
ML# SB16710598 
  4135 Paseo De Las Tortugas    
SOLD    Single Family Residence List / Sold: $1,199,000 / $1,150,000    
13 days on the market    Sold On 11/07/2016
3 beds, 2 baths    2,243 sqft    12,067 sqft lot    $512.71/sqft    Built in 1956
This Riviera VIEW home has super curb appeal, and has spectacular unobstructable panoramic city/city lights views plus peekaboo of Ocean/Queens necklace view from edge of the yard! It has a huge 12,000 SqFt useable lot, with flat grassy yard plus a lower recreation area with vintage sports court, lemon, avocado, & orange trees, and room for more! The home is mostly original inside, but has a nice floMore

ML# PV16720202 
  5213 Paseo De Pablo    
SOLD    Single Family Residence List / Sold: $1,375,000 / $1,339,000    
15 days on the market    Sold On 11/30/2016
4 beds, 2 baths    1,741 sqft    6,850 sqft lot    $769.10/sqft    Built in 1956
Wonderful home with MAGNIFICENT 180 degree view of “everything”-Ocean-Coastline-Sunsets-Mountains-City-Downtown LA-Sparkling Night Lights! Terrific street, prime mid block location. Enjoy it all in this really comfortable, upgraded, enlarged one level home. Spacious open concept family room-kitchen-dining area enjoys the the view and opens through a wall of French doors leading to the inviting stone More

ML# SB16712465 
  473 Camino De Encanto    
SOLD    Single Family Residence List / Sold: $1,595,000 / $1,525,000    
103 days on the market    Sold On 11/19/2016
4 beds, 2 baths    1,651 sqft    6,644 sqft lot    $923.68/sqft    Built in 1955
Location is everything! This Fabulous home is located in the most desirable ‘lower Hollywood Riviera’ neighborhood, below Palos Verdes Blvd.. Memories are made in homes and neighborhoods like this. Originally built in 1955, it has a wonderful floor plan and has been owned by the same family for over 60 years. It is a charming 4 bedroom, 1 ¾ bath, 2 car garage home with hardwood floors and newer premiumMore

ML# PV16140846 
  213 Calle De Madrid    
SOLD    Single Family Residence List / Sold: $1,599,950 / $1,599,950    
2 days on the market    Sold On 11/17/2016
3 beds, 3 baths    2,500 sqft    7,206 sqft lot    $639.98/sqft    Built in 1948
Location!!! Location!!! Location!!! This home feature amazing views of both the LA basin but also water views. Located at the top of the Hollywood Riviera you will never lose your view. Home has 6″ distressed brazilin cherry floors except in the bathrooms. Gourmet kitchen that features six burner Viking stainless steel, Sub zero refrigerator, and Bosch stainless steel dishwasher. Custom kitchen cMore

  
ML# SB16715120 

Hollywood Riviera Real Estate Market Trends

By Keith Kyle

Whether you’re a home buyer or selling your home in the Hollywood Riviera, keeping up with the real estate market trends and statistics can be a great way to make an educated decision.  Below is a series of charts showing what the real estate market in the Hollywood Riviera is doing each month.

The chart above shows the number of active listings, homes in escrow and sold homes for each month in the Hollywood Riviera.

The chart above shows the average price per foot of homes in the area. While this can be a helpful statistic it’s not always as relevant in an area such as the Hollywood Riviera in which homes can differ so greatly in terms of upgrades, views, age, etc.

The chart above shows the average days on market as well as the % of how close homes are selling to their original list price.

The chart above shows the average list prices of the homes as well as the average selling prices of the homes.

The chart above shows the months of inventory on the market or how long it would take to sell all of the homes. The higher the number the more of a buyers market it tends to be.

Torrance and Redondo See Huge Home Sale Numbers for June 2016

By Keith KyleHollywoo Riviera Paseo De La Playa

The numbers are in and June 2016 was a big month in terms of both the number of homes sold and the prices.  Home prices were up year over year in every South Bay city other than Manhattan Beach which was a bit of an anomaly.  Both Redondo Beach and Torrance saw big numbers with 106 home sales in Redondo at a median price of $950,000 while Torrance saw a whopping 163 home sales at a median price of $635,000.  To see the homes sold in Torrance and Redondo for June 2016 view our recent sales information.

City Homes
Sold
June
2016 Median
June
2015 Median
Year
over Year % Change%
Carson 63 $450,000 $425,000 5.8%
El Segundo 20 $1,135,500 $888,000 27.8%
Gardena 47 $430,000 $399,000 7.8%
Harbor City 18 $547,000 $360,000 51.9%
Hawthorne 37 $624,000 $539,000 15.7%
Hermosa Beach 24 $1,248,000 $1,230,000 3.6%
Lawndale 13 $519,000 $450,000 15.2%
Lomita 16 $555,000 $530,000 4.7%
Long Beach 408 $470,000 $450,000 4.4%
Manhattan Beach 42 $1,865,000 $2,400,000 -22.3%
Marina Del Rey 32 $900,000 $810,000 11.1%
Palos Verdes Estates 39 $1,533,000 $1,500,000 2.2%
Playa Del Rey 22 $603,000 $610,000 -1.2%
Rancho Palos Verdes 75 $1,200,000 $1,110,000 8.2%
Redondo Beach 106 $950,000 $870,000 9.2%
San Pedro 79 $500,000 $472,000 6%
Torrance 163 $635,000 $597,000 6.3%
Westchester 44 $1,050,000 $923,000 13.8%