Take a quick look at the real estate market in Redondo Beach during the month of March 2021. It was a great month in terms of both the number of homes that sold as well as the home prices. There were 100 closed home sales in Redondo with another 115 going into escrow meaning that April sales should be even higher. The median home price for the homes that sold was an impressive $1,330,000.
We’re excited to be bringing a beautiful Redondo Beach single family home to the market in the coming days. This is a unique and fantastic 3 bedroom + loft, 2 bath single family home with great city and mountain views. We’ll update with more information as soon as we can.
January was a great month for real estate in Redondo Beach especially in terms of the home prices of the homes that sold during the month. In terms of the number of homes that sold it was slower than the prior months but that’s not unusual as the holidays really slow the homes going into esrow during December. There were 62 on market home sales compared with a very low 35 sales during the previous January. View addresses, prices and details of the homes that sold in all of Redondo Beach during January.
The median sales price of the homes that sold was an impressive $1,249,000 with a very short average 27 days on market. View our Redondo Beach real estate stats and trends to see how Januare compares to previous months.
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.
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.
A Look at the Real Estate Market in the Hollywood Riviera
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)