Happy Holidays and 2018 from Hollywood Riviera Real Estate
From our family to yours we wish you a very happy holiday season.
Is $2.0M+ The New Normal for Hollywood Riviera Homes?
What used to be a price point reserved only for a select few homes in the Hollywood Riviera is starting to seem more like the standard instead of the exception. As of November 26th, 5 of the 7 single family homes for sale in the Hollywood Riviera were priced over $2,000,000. Click here to see details and photos of all the current Hollywood Riviera homes for sale.
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% |
Home Sales and Home Prices in the Hollywood Riviera for August 2017
The neighborhood of the Hollywood Riviera in Torrance and Redondo Beach saw
a nice jump in home sales with a 19 recorded property sales for August 2017. The average sale price was $1,483,000 and the average list price was $1,478,000.
In August, overall the South Bay trended up from the previous year in terms of median home prices with only a few local cities seeing a decrease in y over year prices.
To see all of the home sales in Hollywood Riviera and the cities below visit our recent home sales page.
| City | Homes Sold |
August 2017 Median |
August 2016 Median |
Year over Year % Change% |
| Carson | 52 | $470,000 | $450,000 | 4.3% |
| El Segundo | 15 | $1,235,000 | $1,075,000 | 14.9% |
| Gardena | 53 | $495,000 | $472,000 | 4.9% |
| Harbor City | 20 | $521,000 | $522,000 | -.2% |
| Hawthorne | 45 | $583,000 | $575,000 | 1.4% |
| Hermosa Beach | 22 | $1,358,000 | $1,723,000 | 21.2% |
| Lawndale | 17 | $460,000 | $498,000 | -7.5% |
| Lomita | 19 | $610,000 | $619,000 | -1.5% |
| Long Beach | 404 | $490,000 | $463,000 | 5.9% |
| Manhattan Beach | 36 | $2,230,000 | $1,815,000 | 22.9% |
| Marina Del Rey | 37 | $940,000 | $1,059,000 | -11.2% |
| Palos Verdes Estates | 37 | $1,545,000 | $1,413,000 | 9.4% |
| Playa Del Rey | 27 | $625,000 | $623,000 | .3% |
| Rancho Palos Verdes | 60 | $1,088,000 | $1,065,000 | 2.2% |
| Redondo Beach | 118 | $975,000 | $969,000 | .6% |
| San Pedro | 78 | $572,000 | $481,000 | 19% |
| Torrance | 154 | $698,000 | $645,000 | 8.2% |
| Westchester | 50 | $1,180,000 | $1,093,000 | 8% |
Oceanfront Estate for sale at 417 Paseo De La Playa in the Hollywood Riviera
While the price is staggering for this are of the South Bay, there’s no disputing that the home (s) being sold at 417 
Paseo De La Playa are pretty incredible. The lots along Paseo De La Playa are already huge as they extend all the way to the beach but in this case there’s not one, but two separate parcels for sale. What also makes this compound type property unique is the beach access. It can take years to go through the California coastal process of trying to get beach access and it’s often denied. In this case there’s not only beach access but a private volleyball court! Here’s information from listing agent Chris Adlam of Vista Sotheby’s International.
With over 62,000 square feet of beach-front property on TWO SEPARATE PARCELS, this dramatic compound is almost impossible to duplicate. The main house (417 Paseo de la Playa) is over 10,000 square feet of exquisite living area, and the “companion house” (421 Paseo de la Playa) has over 5,500 square feet. Both homes are located behind gated entrances, both with direct access to the sand, a spectacular pool & spa, a private sand volleyball court, and a large yard. The views span from Palos Verdes through the beach cities, including the entire Santa Monica Bay.
Community Spotlight – Village Palos Verdes
Ocean view townhomes of Village Palos Verdes in the Hollywood Riviera
For many, an oceanview home in the Hollywood Riviera is unaffordable. One option may be Village Palos Verdes located just south of Palos Verdes drive. Not only do many of the townhomes have great ocean views but the location is ideal with the community just a short walk to Torrance beach and Paseo De La Playa. The complex consists of approximately 180 units with current HOA (as of 8/17) around $480 a month. The street addresses for the homes in Village Palos Verdes are either Calle Mayor, Calle Miramar, Camino De Las Colinas or Palos Verdes Blvd (see map below).
The homes are a combination of 2 and 3 bedrooms generally on 3 levels ranging between 1350 square feet and 1905 square feet. All have attached garages. The townhomes were built between 1974 and 1978 with some still having a fairly original feel and some being extensively remodeled. The community offers a pool and spa and is ideally located just a few blocks from the beach. Click here to see the current homes for sale in the Hollywood Riviera and Village Palos Verdes. For many years the concern about the community had been the large special assessment needed to update and renovate the exteriors from the original wood siding. Those changes took place several years ago and the community now has a wonderful look and feel.
