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Hollywood Riviera Real Estate Market Trends

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.

Active (light green), Pending (red line) and Sold Homes (dark green) each month in the Hollywood Riviera

Average Price Per Sq Feet of Sold Homes

Average days on market and % that homes sold compared with list price

Average list price and average sales price in the Hollywood Riviera

 

Months of available home inventory based on sales

 

The chart above shows the months of inventory on the market or how long it would take to sell all of the homes. The higher the number the more of a buyers market it tends to be.

April 2022 Home Sales and Sold Prices in the Hollywood Riviera

Take a look below at the homes that sold in the Hollywood Riviera during the month of April 2022.

The activity level was impressive yet again with 13 on market home sales during the month compared with 10 in March and only 4 during February.  The average “list” price was a pretty massive $1,810,385 with the average sold price at $1,943,538 meaning that, in general, homes sold WAY above the original list price. The average price per foot was $1010 and median days on market was a very brief 8 days before going into pending status.  The average days on market was 8.  See how this compares to other months on our Hollywood Riviera real estate trends and statistics page.

Although it’s a bit hard to believe….just as in March the top home sale of the month was a luxury townhome located at 1903 Camino De La Costa, this time the rear #C unit that sold for an amazing $3,199,000.

April 2022 Hollywood Riviera Home Sales and Prices

Type Address Price $ Per Foot Bed/Bath Sq Feet Year Built
TWNHS/A 169 Calle Mayor $1,277,000 $910.19 2/1,1,1,0 1403/A 1977/ASR
TWNHS/A 425 Camino De Las Colinas $1,420,000 $906.77 2/2,0,1,0 1566/A 1978/ASR
SFR/D 4932 Newton ST $1,483,000 $755.86 4/4,0,1,0 1962/A 1954/ASR
SFR/D 4141 Mesa ST $1,750,000 $609.97 4/3,0,0,0 2869/A 1978/ASR
SFR/D 432 Via La Soledad $1,850,000 $1,233.33 3/0,2,0,0 1500/E 1954/ASR
SFR/D 4439 Newton ST $1,910,000 $1,032.43 3/2,0,1,0 1850/S 1954/ASR
SFR/D 4327 Vista Largo $1,920,000 $924.86 4/2,0,1,0 2076/A 1965/ASR
SFR/D 260 Paseo De Gracia $1,940,000 $1,139.17 3/1,1,0,0 1703/A 1949/ASR
SFR/D 222 Calle De Arboles $2,050,000 $1,205.88 3/1,1,0,0 1700/A 1954/ASR
SFR/D 5422 Riviera Way $2,110,000 $922.61 5/2,0,0,0 2287/A 1954/PUB
SFR/D 316 Via Linda Vista $2,112,000 $1,078.65 3/2,0,0,0 1958/A 1950/ASR
SFR/D 237 Via Pasqual $2,245,000 $1,356.50 3/2,0,0,0 1655/A 1954/ASR
TWNHS/A 1903 Camino De La Costa #C $3,199,000 $1,066.33 4/4,0,1,0 3000/E 2021/BLD

See the Hollywood Riviera Homes that Sold in November

It was another solid month for real estate in the Hollywood Riviera both in terms of the number of homes that closed escrow as well as the prices.  November 2021 had 12 on market home, condo and townhome sales closing during the month.  The average “list” price of the homes that closed escrow during the month was $2,614,333 with the average “sold” price at $2,211,313*(see below).  Homes averaged 70 days on the market before going into escrow with a median DOM of only 12 days.   The average price per foot of the hmomes that sod was $990.

*The numbers this month were very skewed by the sale of 425 Paseo De La Playa.  The home sold for $6,900,000 but was listed at $12,000,000 so dramatically impacted the % of list price v sold price as well as days on market as it had been on the market for 667 days.  See how this one home impacted the numbers

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

Search the current homes for sale in the Hollywood Riviera

Hollywood Riviera Home Sales and Prices for November 2021

Type Address Price $ Per Foot Bed/Bath Sq Feet Year Sold Date
CONDO/A 201 Calle Miramar #16 $820,000 $891.30 1/1,0,0,0 920/A 1962/ASR 11/19/2021
TWNHS/A 64 Palos Verdes BLVD $1,075,000 $671.88 2/2,0,1,0 1600/A 2006/ASR 11/3/2021
SFR/D 142 Via Alameda $2,250,000 $1,111.11 3/2,0,1,0 2025/A 1948/ASR 11/19/2021
SFR/D 444 Calle De Castellana $2,400,000 $801.34 4/4,0,0,0 2995/A 1952/APP 11/3/2021
SFR/D 232 Via Los Miradores $2,650,000 $1,280.19 3/1,2,1,0 2070/B 1953/ASR 11/29/2021
SFR/D 425 Paseo De La Playa $6,900,000 $2,485.59 3/4,0,0,0 2776/A 1972/ASR 11/10/2021
SFR/D 4106 Via Lado $1,210,000 $798.15 3/2,0,0,0 1516/A 1958/PUB 11/12/2021
SFR/D 24859 Via Valmonte $1,320,000 $750.00 3/2,0,0,0 1760/A 1968/PUB 11/23/2021
SFR 5001 Paseo De Las Tortugas $1,855,750 $593.65 4/4,0,0,0 3126/AP 1956/ASR 11/18/2021
SFR/D 4508 Newton ST $1,960,000 $996.95 3/2,0,0,0 1966/A 1954/ASR 11/22/2021
SFR/D 4117 Paseo De Las Tortugas $2,000,000 $902.12 3/1,1,1,0 2217/A 1968/ASR 11/10/2021
SFR/D 4222 Paseo De Las Tortugas $2,095,000 $607.25 4/2,1,0,0 3450/S 1991/SLR 11/19/2021

Why You Can’t Always Trust the Numbers – See How One Sale Impacted the Market

We recently posted about the home prices for November in the Hollywood Riviera.  Two key metrics we’ve been following is whether homes are selling for under or over the list prices and also how long homes are sitting on the market.

Decisions can be made from these numbers….what’s the market doing, where’s it heading….is it a buyer’s market or seller’s market?

Sometimes one or two sales in a month can dramatically skew these number’s however, and don’t paint an accurate picture of market conditions.

The Hollywood Riviera in November was a perfect example.  Unlike recent months the average “sold” prices were actually lower than the “list” price.  Average days on market was also 70 for the homes that sold which is well higher than previous months.  Both potentially indicate that the market may be slowing.

The reality, however, is that one sale completely changed the numbers.  The oceanfront home at 425 Paseo De La Playa finally sold after 667 days on the market.  The home was listed at $12,000,000 and closed at $6,900,000.

So overall for November the average “list” price was $2,614,333 with the average “sold” price at $2,211,313. That’s a big change from the past 6 months which generally saw homes selling for more than the asking price every month.

If you eliminate that one sale it changes the outlook considerably. For the other 11 home sales of the month the average “list” price was $1,761,091 with the average “sold” price at $1,785,068 meaning homes sold well over list price.

Eliminate the one sale and average goes from 70 to only 15 days on market. For those looking at the overall numbers they might have been hoping the market was shifting to benefit buyers but unfortunately the reality is a bit different and sometimes you need to dig a bit deeper to see what is really happening in your real estate market.

See the Hollywood Riviera Homes that Sold in October 2021

October real estate in the Hollywood riviera

October was yet another great month for real estate in the Hollywood Riviera with 17 on market property sales closing during the month.  The average “list” price was $1,552,294 with the average “sold” price at $1,606,218 meaning that homes generally sold higher than the asking price.  Median days on market was a very short 11 before going into escrow and the average price per foot was $840.

See how this compares with other months on our Hollywood Riviera California real estate statistics and trends page.  The highest priced home sale of the month was a single family Spanish style with a hacienda feel and just under 3,000 feet that sold at $2,301,000 located at 353 Calle Mayor.

October 2021 Home Sales and Prices in the Hollywood Riviera

Type AddressPrice$ Per FootBed/BathSq FeetYearSold Date
CONDO/A649Paseo De La Playa #207$1,050,000$765.312/1,1,0,01372/A1962/ASR10/15/2021
SFR/D368Paseo De Gracia$1,290,000$890.273/2,0,0,01449/A1954/ASR10/19/2021
CONDO/A201Calle Miramar #9$1,405,000$1,100.232/2,0,0,01277/A1962/ASR10/6/2021
SFR/D328Avenida Atezada$1,685,000$745.254/1,3,0,02261/A1952/ASR10/13/2021
SFR/D836Calle De Arboles$1,715,000$1,206.903/2,0,0,01421/E1948/ASR10/22/2021
SFR/D213Vista Del Parque$1,798,000$902.163/2,0,1,01993/A1956/ASR10/14/2021
SFR/D444Via Los Miradores$2,025,000$1,007.463/1,1,1,02010/A1955/ASR10/20/2021
SFR/D353Calle Mayor$2,301,000$780.003/1,1,1,02950/A1932/ASR10/12/2021
SFR/D5402Calle Mayor$1,275,000$1,038.273/1,0,1,01228/A1954/ASR10/8/2021
SFR/D5422Riviera WAY$1,417,700$619.905/2,0,1,02287/A1954/ASR10/25/2021
SFR/D24704Via Valmonte$1,460,000$818.393/1,1,0,01784/A1964/ASR10/22/2021
SFR/D4234Mesa ST$1,465,000$700.293/3,0,0,02092/A1969/ASR10/7/2021
SFR/D4301Paseo De Las Tortugas$1,549,000$573.705/2,1,0,02700/E1956/ASR10/22/2021
SFR/A4532Newton ST$1,625,000$560.344/2,1,1,02900/E1954/ASR10/18/2021
SFR/D421Via Colusa$1,645,000$1,031.353/2,0,0,01595/A1955/PUB10/8/2021
SFR/D4021Mesa ST$1,750,000$951.093/1,1,1,01840/A1970/PUB10/25/2021
SFR/D4910Via El Sereno$1,850,000$599.685/3,0,0,03085/T1956/ASR10/14/2021

See the Hollywood Riviera Homes that Sold in November

Take a look at the homes and properties that sold in the Hollywood Riviera during the month of November.

See also the current homes for sale in the Hollywood Riviera.

November 2020 Home Sales and Prices

Type Address Price $ Per Foot Bed/Bath Sq Feet Year Sold Date
TWNHS/A 448 Palos Verdes Blvd $985,000 $619.11 3/1,1,1,0 1591/A 1978/ASR 10/7/2020
CONDO/A 213 Calle Mayor $1,050,000 $574.71 3/1,1,1,0 1827/A 1978/ASR 10/7/2020
SFR/D 329 Avenida Atezada $1,500,000 $1,053.37 3/2,0,1,0 1424/T 1952/ASR 10/1/2020
SFR/D 136 Via Los Miradores $1,889,000 $623.02 4/3,0,0,0 3032/A 1998/ASR 10/27/2020
SFR/D 503 Camino De Encanto $2,285,000 $1,099.09 4/1,2,0,0 2079/A 1955/ASR 10/5/2020
SFR/D 121 Via Alameda $2,750,000 $690.61 6/7,0,0,0 3982/A 2008/ASR 10/23/2020
SFR/D 24660 Via Valmonte $1,500,000 $435.41 5/2,1,1,0 3445/A 1971/ASR 10/23/2020

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