August was a big month throughout the South Bay for home sales and Redondo Beach was particularly impressive. The median sales price was $1,222,000 and there were 102 homes sold which was particularly amazing and was a multi year high. The Hollywood Riviera saw 21 home sales during the month with a median of $1,510,000. View all of the homes that sold in the Hollywood Riviera last month.
View the current homes for sale in the Hollywood Riviera
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.
We look at a lot of real estate data and charts for the South Bay and the pattern is generally pretty similar in various towns. The Hollywood Riviera seems to be a bit different, however, and doesn’t seem to be following the same trends. What we saw was a fairly typical increase in both listings and sales as we got to, and through, the summer months. It usually slows down around November but it’s usually gradual. That wasn’t the case in the Hollywood Riviera as we went from 37 active listings in October to 26 in November and plummeted to 15 in December. Unfortunately for home buyers in the area, the inventory has been extremely low ever since.
View the current homes for sale in the Hollywood Riviera
The chart below shows active listings per month (light green) sold homes (dark green) and pending sales (red line)
It’s rare to see one of these incredible oceanfront homes hit the market and this is no exception. 505 Paseo De La Playa had been on the market as a rental but just came on for sale. It’s an older home that will likely get/need a significant face lift but as they say in real estate, “location, location, location”.
There’s no disputing that the location really doesn’t get much better. It’s a personal favorite of ours as we love the community of the Hollywood Riviera and this is the best location imaginable. Paseo De La Playa is a hilly street with the homes on the west side sitting on a beachfront bluff with incredible views of the ocean, PV and the coastline.
Unlike the beachfront homes on The Strand in Manhattan Beach and Hermosa, the views don’t go away when the sun goes down. Incredible city light views just seem to get more impressive.
Priced at $5,500,000 this is a 4 bedroom (one bedroom downstairs and 3 upstairs), 3 bath home with just under 3,200 square feet. Built in 1962 the house is certainly bright and open but we envision the buyer will likely be doing quite a bit of work.
Althought the condo complex of Cote D’Azur in the Hollywood Riviera sits oceanfront, it’s actually fairly rare to see a unit with big ocean views. While the newest listing in the complex doesn’t directly face the ocean there is a ver nice view from the corner making it ulike some of the more recent listings. Ironically it is located pretty far east in the buildings but due to it’s view down Paseo De La Playa it has a great ocean close feel. Priced at $1,050,000 this is a 2 bedrooom, 2 bath 3rd floor condo on one level with approximately 1,312 square feet. The location of the complex is fantastic at the highest part of Paseo De La Playa. Montly HOA is approximately $560 a month and association amenities include a very nice pool area with a small clubhouse building and bbq area.
February was a very slow month for closed home sales in the Hollywood Riviera with only 8 homes sold during the month. That’s the fewest home sales in a month over the past 18 months other than December.
Prices were very strong with the median list prices of $1,362,000 and a median sales price of $1,335,000. Average price per foot for sold homes in the community was $784. Median days on market was only 52 which is another indication of a strong sellers market. See the Hollywood Riviera real estate stats for the past 15 months below.
| MLS # | Type | Address | Price | $ Per Foot | Bed/Bath | Sq Feet | Year | Sale Date | |
| CV19256190 | SFR/D | 138 | Via Colusa | $1,229,000 | $1,006.55 | 2/2,0,0,0 | 1221/A | 1948/ASR | 2/12/2020 |
| PV20002771 | SFR/D | 146 | Via Monte | $1,675,000 | $604.47 | 3/1,1,0,1 | 2771/A | 1956/ASR | 2/13/2020 |
| SB20029536 | SFR/D | 135 | Calle De A | $1,100,000 | $1,077.38 | 2/1,0,0,0 | 1021/A | 1949/ASR | 2/21/2020 |
| SB20003222 | SFR/D | 644 | Calle Mira | $1,325,000 | $700.69 | 3/2,0,0,0 | 1891/A | 1958/ASR | 2/24/2020 |
| SB19250168 | SFR/D | 5418 | Calle De A | $1,345,000 | $613.87 | 4/3,0,0,0 | 2191/A | 1955/ASR | 2/27/2020 |
| SB20006563 | SFR/D | 4621 | Greenmea | $1,129,000 | $721.87 | 3/1,2,0,0 | 1564/A | 1953/ASR | 2/28/2020 |
| SB19242072 | SFR/D | 4111 | Paseo De | $1,550,000 | $699.77 | 4/3,0,0,0 | 2215/A | 1968/ASR | 2/28/2020 |
| PV19233601 | SFR/D | 301 | Avenida At | $1,925,000 | $848.39 | 3/3,0,0,0 | 2269/A | 1959/ASR | 2/28/2020 |
