July Home Sales in the Hollywood Riviera

July was a busy and impressive month for home sales in the Hollywood Riviera. There were 14 closed home sales during the month. The median “list” price was $1,414,500 with a median “sold” price of $1,497,700 meaning homes generally sold WAY over their asking prices. This is a definite indicator of a strong seller’s market. The average price per foot was $781.90 and the average days on market was 26.

SB20080535 CONDO/A 5920 S Pacific Coast    #17 $711,000 $528.23 2/2,0,0,0 1346/A 1975/ASR 7/2/2020
SB20102079 SFR/D 308 Paseo De Gracia    $1,308,000 $787.48 3/2,0,0,0 1661/A 1952/PUB 7/2/2020
SB20095586 SFR/D 129 Paseo De Las Delicias    $1,450,000 $709.74 3/2,0,0,0 2043/A 1951/ASR 7/7/2020
PV20094247 SFR/D 204 Paseo De Las Delicias    $1,545,400 $881.57 3/1,1,1,0 1753/P 1956/PUB 7/8/2020
SB20082766 SFR/D 425 Avenida De Jose    $1,600,000 $770.34 3/3,0,0,0 2077/A 1954/ASR 7/14/2020
SB20101951 SFR/D 433 Calle Mayor    $1,620,000 $763.79 4/2,0,0,0 2121/A 1950/ASR 7/17/2020
SB20108912 SFR/D 98 Calle Mayor    $1,637,965 $1,147.03 4/2,0,0,0 1428/A 1955/ASR 7/29/2020
SB20085797 SFR/D 329 Camino Del Campo    $1,865,000 $1,082.41 3/3,0,0,0 1723/S 1951/PUB 7/22/2020
SB20112486 SFR/D 606 Calle de Arboles    $2,150,000 $649.55 4/3,0,0,0 3310/A 2004/OTH 7/27/2020
SB20018768 SFR/D 409 Paseo De La Concha    $2,869,000 $890.44 4/5,0,0,0 3222/A 1995/OTH 7/31/2020

What’s The Latest On the Hollywood Riviera Real Estate Market?

It was another solid month for real estate in the Hollywood Riviera with 14 homes selling during the month.  This was fairly typical for the summer but a huge jump from a very slow spring and early summer.  Compared with the 6 closed sales in May and June, 14 was a nice increase.  The pending sales are way up with 18 in July meaning a very good August is coming.

View all of the current homes for sale in the Hollywood Riviera

Redondo Beach Real Estate Market Recap for July 2020

July 2020 was a banner month for real estate in Redondo Beach.   There were 93 home sales in July which was a huge month and really indicated the pent up demand caused by the uncertainty in April and May.  The median home price for the properties that sold in July was an extremely impressive $1,298,000.

View the homes that sold in Redondo Beach in July

Big Jump in Pending Home Sales

While “closed” home sales are still quite low, June saw the highest number of pending home sales since June of 2017.  There were only 6 home sales but 18 homes went into escrow.

View the current homes for sale in the Hollywood Riviera

For Sale vs. Sold vs. Pended

About the For Sale vs. Sold Report

  • For Sale numbers are the snapshot of the number of property for sale at the end of the month.
  • Pended numbers represent the number of properties that went into the “pending” status for that month.
  • New Listing numbers represent the number of properties that are new listed for that month.
  • Sold numbers represent the number of properties that are sold for that month.

What Does For Sale vs. Sold Report Do?

  • It helps determine the trend of market supply and demand.
  • It helps determine whether the current market is a seller or buyer market.
  • It helps determine the minimum length of the listing period.
  • It helps identify which price range the majority of the properties are in, within a given area.
  • It helps focus on where the buyer’s activities are and the market condition in those areas.

How to Use For Sale vs. Sold Report?

  • Use with Average Price Per Sqft Report to set competitive listing price.
  • Use current inventory level to determine market condition. The current inventory level is derived by dividing the monthly listing number by the monthly sold number which is shown in Months of Inventory graph. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer’s market.
  • A downward trend of listing inventory and an upward trend of the number of properties sold indicates the seller is in a better negotiating position.
  • An upward trend of listing inventory and a downward trend of the number of properties sold indicates the buyer is in a better negotiating position.

You Should Know

  • The properties sold figures are derived from recorded transactions.
  • Current monthly sold figures might be adjusted upward on the next month’s report. This is to account for any closed transactions that are reported late.

Homes of Note – 156 Camino De Las Colinas

156 Camino De las colinas - Hollywood Riviera Historic Home

Recently listed at $2,599,000 the home at 156 Camino De Las Colinas is definitely not your typical beach house. The home harkens back to the days when the “Hollywood Riviera” got it’s name. It definitely has that old world glamour. Originally built in 1926, this historical home has been metiulously updated and restored to bring it back to it’s original form. The home offers 4 bedrooms, 2.5 baths and intricate detailing throughout. The home also offers some great ocean views and as the listing agent points out it even has some “prohibition era secret rooms”.

156 Camino De Las Colinas - $2,599,000

 

Listing courtesty of Angelia Block of Real Estate West, Inc.

ARE YOU INTERESTED

IT'S TIME TO DISCOVER

the hollywood riviera

Vista Sotheby's International

Vista Sotheby’s International Realty is one of the premier real estate firms in Southern California.  Visit our Riviera Village Office

ADDRESS:

1801 S Catalina Ave, Redondo Beach, CA 90277

Phone:

310.251.2344

E-mail:

keith@keithkylehomes.com

CONTACT AGENT

DRE#01712785

Keith Kyle

Top Producing Realtor

About Vista Sotheby's

Learn more about how Keith Kyle and Vista Sotheby's International can help with all of your real estate needs

Homes in Hollywood Riviera. All rights reserved. Information deemed reliable but not guaranteed