While most other areas and neighborhoods are seeing inventory of unsold homes rise as the market cools, the Hollywood Riviera has bucked that trend. This fantastic coastal community has now seen three straight months with the number of active homes for sale decreasing. September 2018 was the recent high water mark with 25 active listings. Whether it’s just a slowdown due to the holiday season or a larger trend with tightening inventory remains to be seen. As of this post (12/21) there are only 10 homes currently for sale in the community.
Home prices contine to rise in the Hollywood Riviera with this 2018 prices far outpacing 2017. See the charts below to see what’s happening in the Hollywood Riviera real estate market. Median sales prices in 2018 (through June) were $1,580,000 compared to $1,375,000 the year earlier.
See the homes that have sold in the Hollywood Riviera for the first half of 2018. Click here to view the current homes for sale in the Hollywood Riviera or search the latest real estate market statistics.
Keep current on what is happening in the Hollywood Riviera real estate market with our continually updated trends and statistics. The information below can help make you an informed home buyer or seller and we hope that the information is helpful. Please feel free to contact us for customized information, new home listing alerts in the Hollywood Riviera or any questions about the market and homes for sale.
Median Home Prices in Hollywood Riviera compared with South Torrance and South Redondo Beach
Number of Active Listings in Hollywood Riviera compared with South Torrance and South Redondo Beach
Number of Closed Home Sales
Average Price per Square Foot
% of Sales Price Compared to Original List Price
This indicates whether homes are selling above, at or below their listing price and is very helpful to determine whether it is a buyer’s market or a seller’s market.
June 2017 was a big month for home sales in Redondo Beach and Torrance CA with a fairly huge number of homes selling. The two cities saw a relatively huge 117 and 184 homes selling respectively. The Hollywood Riviera, with a Redondo Beach mailing address but actually in the city of Torrance, saw 19 home sales with a median price of $1,375,000. The summer months are always an active market in this coastal community due to the ideal weather and location. Click here to see all of the recent home sales in the Hollywood Riviera.
|City||Homes Sold||June 2017 Median||June 2016 Median||Year over Year % Change%|
|Marina Del Rey||34||$968,000||$900,000||7.6%|
|Palos Verdes Estates||46||$1,679,000||$1,533,000||9.5%|
|Playa Del Rey||34||$683,000||$603,000||13.3%|
|Rancho Palos Verdes||75||$1,240,000||$1,200,000||3.3%|
The Hollywood Riviera saw another solid month with 7 homes sales at a median home price of $1,405,000.
|May 2017 Median||May 2016 Median||Year over Year % Change%|
|Marina Del Rey||32||$933,000||$925,000||0.8%|
|Palos Verdes Estates||47||$1,650,000||$1,499,000||10.1%|
|Playa Del Rey||31||$720,000||$560,000||28.6%|
|Rancho Palos Verdes||51||$1,275,000||$1,060,000||20.3%|