Cote D' Azur condos pool and community clubhouse

12 Homes Sell in the Hollywood Riviera in April

April 2024 Real Estate Market Report for the Hollywood Riviera

12 Homes Sell at $2,087,417 average

The number of homes sold continued to trend upward as we head further into 2024 with 12 homes closing escrow during April.  That was a nice increase from the 7 sales in March,  5 sales in February and a paltry 3 in January.

Home prices continued to impress

The average “list” price was $2,057,833 and the average sold price was $2,087,417 which was down a bit from the March average of $2,184,171 but up from both January and February.

The average price per foot was a very impresive $1,022.

The days on market for the homes that sold was a brief 26.

See how this compares to other months on our Hollywood Riviera real estate trends and statistics page.

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April 2024 Hollywood Riviera Home Sales and Prices

Type Address Price Bed/Bath Sq Ft Year
TWNHS/A 6160 S Pacific Coast Highway $1,050,000 2/2,0,1,0 1080/A 2019/PUB
TWNHS/A 443 Camino De Las Colinas $1,430,000 3/2,0,1,0 1566/A 1978/ASR
SFR/D 204 Via Colusa $1,477,000 2/1,0,0,0 1365/A 1948/ASR
TWNHS/A 426 Palos Verdes BLVD $1,599,000 3/2,0,1,0 1868/A 1978/ASR
TWNHS/A 404 Palos Verdes BLVD $1,679,000 3/0,2,1,0 1884/A 1978/ASR
SFR/D 122 Via Buena Ventura $2,000,000 3/2,0,0,0 1912/A 1949/ASR
SFR/D 613 Camino De Encanto $2,600,000 3/1,1,0,0 1389/A 1955/ASR
SFR/D 406 Calle De Arboles $3,175,000 4/2,0,2,0 2863/T 2016/SLR
SFR/D 153 Via Monte Doro $3,395,000 4/1,1,1,0 2290/D 1953/ASR
SFR/D 4317 Paseo De Las Tortugas $2,080,000 4/4,0,0,0 4369/A 1956/ASR
SFR/D 4725 Paseo De Las Tortugas $2,165,000 4/3,0,0,0 2650/A 1956/ASR
SFR/D 4403 Vista Largo $2,399,000 4/3,0,0,0 3183/A 1963/ASR

Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Homes in the Hollywood Riviera

What’s Happening in the Hollywood Riviera Real Estate Market

Let's take a look at the current real estate market conditions

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.

Take a look below to see the number of active listings, pending home sales, closed sales, average home prices, months of inventory and more.  

We hope that this will give you some good insight into where the market has been and where the real estate market is going.

Oceanfront homes on Paseo De La Playa in the Hollywood Riviera

The number of homes for sale, in escrow, and sold

The chart below shows how many homes are for sale, in escrow and have sold each month. The market has remained pretty consistent with about 7 homes selling a month on average. Other than the first month or two in both 2023 and 2024, when the market is historically the slowest, conditions have remained pretty consistent.

Average price per foot of sold homes in the Hollywood Riviera 

The chart below shows the average $ per square feet of the homes that have sold each month in the Hollywood Riviera. We don’t love this metric for the neighborhood as homes are very different ranging from big ocean views to very original condition bungalows so one huge sale of an oceanfront property can make a big difference (see 8/23) When taken over time it’s a good indicator, however, of where prices are going. Overall average price per foot has remained fairly steady for the past year.

Average days on market as well as the % of how close homes are selling to their original list price.

The chart below shows 2 things. The orange bar graph shows the average days on market for the homes that have sold. As there are certain months with few home sales this number can be skewed but the very low number of the past 6 months indicates a very strong sellers market. The second metric is the sale price percentage in relation to the list price. This charg shows that in general homes have been selling quickly and for full price and for the past few months has been trending up and homes are often selling over the list price.

Median home prices, average sales price and average sold price

Months of inventory on the market or how long it would take to sell all of the homes. 

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307 Broadway Redondo Beach CA

7 Homes Sell in March in the Hollywood Riviera – Take a Look

March 2024 Real Estate Market Report for the Hollywood Riviera

7 Homes Sell at $2,184,171 average

The number of homes sold continued to trend upward as we head further into 2024 with 7 homes closing escrow during market.  There were only 5 sales in February and a paltry 3 in January.

Sold home prices continued to impress.  The average “list” price was $2,150,543 and the average sold price was $2,184,171 compared to $2,040,300 in February and $1,911,667 in January.

The average price per foot dropped a bit from February and was $982 compared to February’s  $1,064 per foot. 

The days on market for the homes that sold was 45 but median days on market was a brief 8.

See how this compares to other months on our Hollywood Riviera real estate trends and statistics page.

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March 2024 Hollywood Riviera Home Sales and Prices

Type Address Price Beds/Baths Sq Feet Year
TWNHS 486 Palos Verdes BLVD $1,300,000 3/2,0,1,0 1577/A 1974/ASR
SFR/D 224 Via La Circula $1,784,200 3/1,1,0,0 1656/A 1948/ASR
SFR/D 409 Via La Selva $3,150,000 4/4,0,0,0 2724/A 1952/ASR
SFR/D 811 Calle de Arboles $3,775,000 4/4,0,0,1 3180/P 2021/BLD
SFR/D 4415 Newton ST $1,500,000 3/1,1,0,0 1384/A 1954/ASR
SFR/D 4303 Mesa ST $1,750,000 3/3,0,1,0 3155/A 1978/ASR
SFR/D 24863 Via Valmonte $2,030,000 3/2,0,0,0 2041/A 1966/OTH

Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Vista Bahia condos in the Hollywood Riviera

Hollywood Riviera Home Sales and Prices in February 2024

February 2024 Real Estate Market Report

Slow Start to the year with only 3 homes selling in the Hollywood Riviera Last Month

After a reall slow start to the year with only 3 home sales in the Hollywood Riviera of the South Bay, February picked up a bit.  There were 5 sales in February which was still slow, but certainly better.

That said the home prices continued to impress.  The average “list” price was $2,034,600 and the average sold price was $2,040,300 which was a nice increase from $1,911,667 in January.

The average price per foot was $1,064 and average days on market was an astounding 4 before going into escrow.  That was a bit misleading however, as 2 of the homes were not listed until after they had already gone into escrow.  Both showed 0 days on market.

2 of the 4 homes were ocean view condos/townhome in the community of Village Palos Verdes.

See how this compares to other months on our Hollywood Riviera real estate trends and statistics page.

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February 2024 Hollywood Riviera Home Sales and Prices

Property type Address Price Beds/Baths Sq Feet Year Built
TWNHS/A 400 1/2 Palos Verdes BLVD $1,662,500 3/2,0,1,0 2026/T 1978/ASR
TWNHS/A 428 1/2 Palos Verdes BLVD $1,699,000 3/2,0,1,0 1884/A 1978/ASR
SFR/D 217 Via Los Miradores $2,030,000 3/1,1,1,0 2240/A 1955/ASR
SFR/D 634 Camino De Encanto $2,250,000 3/2,0,1,0 1636/A 1955/ASR
SFR/D 315 Via San Sebastian $2,560,000 4/1,2,0,0 1945/P 1954/PUB

Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Luxury interiors in the homes of the Hollywood Riviera

Slow Start to 2024 in the Hollywood Riviera – 3 Sold Homes

January 2024 Real Estate Market Report

Slow Start to the year with only 3 homes selling in the Hollywood Riviera Last Month

The year definitely did not start off with a bank as there were only 3 homes that sold to start the year.  January 2024 was SLOW for home sales in the Hollywood Riviera of the South Bay.  January is often the slowest month for actual closed escrows as December is the slowest month for homes going on the market and going into escrow due to the holidays.

That said the home prices continued to impress.  The average “list” price was $1,939,967 and the average sold price was $1,911,667 compared to  $1,933,000 in December.

The median price per foot was $1007 and median days on market a very short 28.

The top sale of the month was 341 Avenida Atezada which was a 3 bed/2 bath single family home that closed at $1,980,000.  We have little info on the home as the photos don’t show much and the description says almost nothing.

See how this compares to other months on our Hollywood Riviera real estate trends and statistics page.

Luxury interiors in the homes of the Hollywood Riviera

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January 2024 Hollywood Riviera Home Sales and Prices

Property Type Address Price Bed/Bath Sq Feet Age
SFR/D 133 Via Los Altos $1,825,000 4/3,0,0,0 2029/A 1955/ASR
SFR/D 341 Avenida Atezada $1,980,000 3/2,0,0,0 1868/A 1956/ASR
SFR/D 5006 Paseo De Las Tortugas $1,930,000 3/1,1,0,0 1819/A 2021/SLR

Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Happy Presidents Day

Happy President’s Day in the Hollywood Riviera

While we realize the weather outside isn’t exactly making this a beach day, we hope you have a great President’s Day holiday in the Hollywood Riviera Redondo Beach, Torrance or the South Bay.

From all of us at Homes in Hollywood Riviera.com, realtor Keith Kyle, and Vista Sotheby’s International Realty, we wish you a very happy holiday.

Happy Presidents Day

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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:

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Phone:

310.251.2344

E-mail:

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CONTACT AGENT

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Homes in Hollywood Riviera. All rights reserved. The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. **This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

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