Current SFR Median Home Price in the Hollywood Riviera is Whopping $2,235,000

Record breaking home prices in the hollywood Riviera

The Hollywood Riviera is one of the great neighborhoods of the South Bay and values have skyrocketed over the past 10 years.  Having said that the current median price of $2,235,000 is truly unbelievable and rivals some of it’s more expensive neighbors of Hermosa Beach and Manhattan Beach.  Granted there are 2 oceanfront homes on the market, one at 505 Paseo De La Playa listed at $5,500,000 and another at $12,000,000 at 425 Paseo De La Playa but the median price and average list price of $3,787,679 are just staggering.

Latest Oceanfront Home on Paseo De La Playa Goes Into Escrow Off Market

529 Paseo De La Playa - $5,800,000

The latest beachfront offering, located at 529 Paseo De La Playa never even made it to the market before selling. This was a fairly original home but was unique in a few ways including the extensive work done to the hillside allowing for a permitted walkway down to the beach. The home itself has lots of potential and a great flat backyard area with incredible views. The home just hit the market at $5,800,000 and offered 4 bedrooms, 3 baths and just under 3,200 square feet of living space on a huge (although typical for the homes on the west side of the street) 22,000 foot lot that extends down to the sand. This is one of our absolute favorite locations in the South Bay.

 

Real Estate Stats for May

Welcome to our real estate recap for Torrance CA. While the homes in the Hollywood Riviera might have a Redondo Beach mailing address, they’re actually in and serviced by the city of Torrance so it’s good to keep an eye on both the Redondo Beach real estate market and the Torrance real estate market. The number of homes that sold had a huge drop going from 123 closed home sales in May of 2019 to only 49 in May of 2020.  The good news is that home prices were solid with a median sales price of $786,000 and an average price per foot of $514.  The homes that sold averaged only 20 days on market.  View a list of the homes that sold over the past month.

Torrance Home Sales Down in May

The May home sales numbers are in and they paint a very complicated picture. The actual number of homes that sold during the month was way down from a year earlier with only 49 total on market closed escrows. Compare that with 123 home sales in May of 2019 and it’s hard to dispute that the concerns and uncertainties of the coronavirus hasn’t had a major impact.

While that might not be good news, the actually prices certainly were.  The median asking price was $789,900 while the median sold price was $810,000 meaning that most homes sold well higher than what they were priced at.  This indicates a very strong sellers market despite the fewer sales.

View the current Torrance homes for sale

May 2020 Home Sales and House Prices for Torrance

MLS#
Type
  Address
Price
$ Per Foot
Bed/Bath
Sq Feet
Year
Sold Date
PW20061930
TWNHS/A
1520 W 227th ST   #6
$497,500
$371.27
3/2,0,1,0
1340/A
2007/PUB
5/1/2020
SB20042729
SFR/D
1565 W 220th ST  
$685,000
$526.92
3/2,0,0,0
1300/P
1944/PUB
5/12/2020
CV20030647
SFR/D
1410 Torrance BLVD  
$690,000
$403.51
3/2,0,0,0
1710/A
1956/ASR
5/4/2020
SW20013553
SFR/D
21315 S Normandie AVE  
$906,990
$476.36
4/3,0,0,0
1904/B
2019/BLD
5/18/2020
SB20052637
CONDO/A
838 Coriander DR   #D
$290,000
$453.83
1/1,0,0,0
639/P
1973/PUB
5/29/2020
SB19277187
CONDO/A
23312 Marigold AVE   #T204
$410,000
$384.62
3/2,0,0,0
1066/A
1973/ASR
5/1/2020
SB20050583
SFR/D
20811 Doble AVE  
$630,000
$484.62
3/2,0,0,0
1300/A
1960/ASR
5/1/2020
SB20072389
SFR/D
21312 Payne Ave   
$635,000
$490.35
3/2,0,0,0
1295/A
1960/ASR
5/27/2020
20561844
TWNHS
3090 Newton ST  
$810,000
$437.37
2/2,0,1,0
1852/
2003
5/15/2020
PV20039796
TWNHS/A
3922 W 242nd ST  
$861,000
$570.58
3/2,0,0,1
1509/B
2020/BLD
5/22/2020
PV20016706
TWNHS/A
3918 W 242nd ST  
$935,000
$598.21
3/3,0,0,0
1563/B
2020/SLR
5/7/2020
SB19234953
TWNHS/A
3534 Emerald ST  
$475,000
$599.75
2/1,0,0,0
792/A
1985/ASR
5/15/2020
SB20047379
COOP/A
3115 Merrill DR   #44
$485,000
$309.51
3/1,1,0,0
1567/E
1963/PUB
5/13/2020
SB20023026
CONDO/A
1745 Maple AVE   #45
$576,000
$338.82
3/2,0,0,0
1700/T
1963/ASR
5/5/2020
SB20056313
TWNHS/A
2595 Plaza Del Amo    #420
$743,000
$519.94
2/2,0,1,0
1429/A
1987/ASR
5/4/2020
SB20033195
TWNHS/A
3468 Del Amo BLVD  
$757,300
$453.47
4/2,0,1,0
1670/A
1974/ASR
5/6/2020
SB20057470
SFR/D
1316 Cordary AVE  
$854,000
$540.51
3/1,1,0,0
1580/A
1951/PUB
5/29/2020
SB20018489
SFR/D
4902 Pacific Coast   
$989,000
$658.89
3/0,2,0,0
1501/A
1953/ASR
5/6/2020
SB20067312
SFR/D
4817 Zakon RD  
$900,000
$777.20
3/1,0,1,0
1158/A
1956/ASR
5/12/2020
SB20028943
SFR/D
5133 Macafee RD  
$928,000
$705.70
3/1,1,0,0
1315/S
1949/ASR
5/20/2020
SB19274713
SFR/D
24005 Los Codona AVE  
$935,000
$377.02
4/3,0,1,0
2480/A
2001/ASR
5/1/2020
SB20053113
SFR/D
23003 Evalyn AVE  
$945,000
$624.59
3/2,0,0,0
1513/A
1954/ASR
5/6/2020
OC20068314
SFR/D
4146 W 229th ST  
$950,000
$564.13
4/3,0,0,0
1684/E
1968/ASR
5/29/2020
PV20055168
SFR/D
4418 W 233rd ST  
$1,140,000
$583.42
4/2,0,0,0
1954/A
1960/ASR
5/1/2020
SB20076678
SFR/D
23202 Ladeene AVE  
$1,150,000
$608.47
4/2,0,0,0
1890/A
1960/ASR
5/27/2020
SB20078065
CONDO/A
5500 Torrance BLVD   #C231
$647,500
$506.25
3/2,0,0,0
1279/A
1990/ASR
5/29/2020
SB20068601
SFR/D
4302 Lenore ST  
$850,000
$673.00
4/2,0,0,0
1263/A
1956/ASR
5/29/2020
IV20053830
SFR/D
21301 Marjorie AVE  
$900,500
$496.96
3/1,2,0,0
1812/P
1956/PUB
5/13/2020
SB20058366
SFR/D
21601 Redbeam AVE  
$915,000
$624.15
4/2,0,0,0
1466/A
1955/PUB
5/1/2020
SB20064702
SFR/D
4636 Bulova ST  
$815,000
$732.91
3/1,0,0,0
1112/A
1954/ASR
5/5/2020
SB20057420
SFR/D
19517 Beckworth AVE  
$830,000
$750.45
3/1,0,0,0
1106/A
1955/ASR
5/13/2020
SB20048503
TWNHS/D
4126 Spencer ST  
$878,000
$485.62
3/2,0,1,0
1808/A
2004/ASR
5/18/2020
SB20089850
SFR/D
5129 Towers ST  
$889,000
$694.53
3/1,0,0,0
1280/A
1954/ASR
5/29/2020
SB20056899
SFR/D
5618 Sara DR  
$1,331,000
$577.44
4/2,1,1,0
2305/A
1959/ASR
5/12/2020
DW20075598
SFR/D
3424 W 182nd ST  
$544,000
$451.45
3/2,0,0,0
1205/A
1956/ASR
5/29/2020
SB20066595
SFR/D
17002 Glenburn AVE  
$700,000
$650.56
3/1,0,0,0
1076/A
1948/PUB
5/20/2020
SB20063842
SFR/D
4038 W 176th ST  
$767,600
$510.71
3/0,2,0,0
1503/A
1952/ASR
5/8/2020
SB20073281
SFR/D
4315 W 176th ST  
$830,000
$484.25
3/2,0,1,0
1714/A
1952/ASR
5/21/2020
MB20075692
SFR/D
21319 Berendo AVE  
$530,000
$409.27
3/2,0,0,0
1295/A
1959/ASR
5/15/2020
SB20061751
SFR/D
16107 Van Ness AVE  
$665,000
$449.93
4/1,1,0,0
1478/A
1956/ASR
5/14/2020
PW20068122
SFR/D
1948 W 187th PL  
$693,000
$550.00
3/1,1,0,0
1260/A
1958/ASR
5/19/2020
SB20037460
SFR/D
17315 Atkinson AVE  
$717,000
$616.51
3/2,0,0,0
1163/A
1947/ASR
5/7/2020
SB20063236
SFR/D
18312 Wilton PL  
$875,000
$538.79
3/2,0,0,0
1624/A
1962/ASR
5/22/2020
SB20048696
SFR/D
2139 Del Amo BLVD  
$775,000
$394.20
5/3,0,0,0
1966/A
1996/ASR
5/19/2020
SB20072657
CONDO/A
22734 Cypress ST  
$615,000
$447.60
3/3,0,0,0
1374/A
1974/ASR
5/29/2020
SB20074635
SFR/D
1719 W 239th ST  
$747,000
$576.39
3/2,0,0,0
1296/A
1956/ASR
5/27/2020
SR20074960
SFR/D
23811 Huber AVE  
$780,000
$601.85
3/2,0,0,0
1296/A
1956/ASR
5/27/2020
PV20077152
SFR/D
2359 W 230th ST  
$879,000
$407.13
4/2,0,0,0
2159/T
1971/ASR
5/28/2020
PW20042087
SFR/D
2217 W 234th ST  
$1,155,000
$340.71
4/3,0,0,0
3390/A
1991/ASR
5/8/2020

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the hollywood riviera

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