Coastline in the Hollywood Riviera

7 Homes Sell in the Hollywood Riviera in December

December Hollywood Riviera Home Sales and Prices

7 homes sell at an average price of $1,903,429

December 2023 was a pretty solid month for home sales and home prices in the Hollywood Riviera of the South Bay.  It was slightly on the slow side but that’s to be expected in December which is traditionally the slowest month of the year.

The median “list” price was $1,933,000 with the average sold price at $1,903,429 which was much lower than the November average of $2,274,143 but that was an unusually high number.

The median price per foot was $1100 and median days on market a very short 24.

The top sale of the month was a extensively remodeled ocean view home at 49 Avenida Atezada with a little over 3,000 feet that sold for $3,150,000.

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

Village Palos Verdes townhomes

Know about new listings in Hollywood Riviera first!

December 2023 Hollywood Riviera Home Sales and Prices

Home Type Address Price $ Per Sq Foot Bed/Bath Sq Feet Age
TWNHS/A 141 Calle Mayor $1,315,000 $846 2/2,0,1,0 1554/A 1974/ASR
SFR/D 228 Paseo De Granada $1,375,000 $1,101 2/1,0,0,0 1249/A 1948/PUB
SFR/D 608 Paseo De Los Reyes $2,000,000 $1,101 4/2,0,0,0 1817/A 1954/ASR
SFR/D 452 Via Los Miradores $2,050,000 $1,294 3/2,0,0,0 1584/A 1953/ASR
SFR/D 928 Calle Miramar $2,175,000 $1,263 3/2,0,0,0 1722/A 1948/ASR
SFR/D 349 Avenida Atezada $3,150,000 $1,033 4/4,0,1,0 3049/A 1954/ASR
SFR/D 5002 Newton ST $1,259,000 $1,066 3/1,0,1,0 1181/A 1954/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.

7 Home Sales in the Hollywood Riviera in July 2023

July 2023 Hollywood Riviera Real Estate Report

7 closed sales at $1,781,250 average price

The average “list” price was $2,018,000 with the average sold price at $1,972,000 which was considerably higher than the June average of $1,857,355 and $1,780,138 in May. So much for interest rates slowing the market.

The average price per foot was $960 and average days on market was an EXTREMELY brief 15 days before going into escrow.

The top sale of the months was $3,375,000 for a single family on Via La Selva. 

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

Homes in the Hollywood Riviera

Know about new listings in Hollywood Riviera first!

July 2023 Hollywood Riviera Home Sales and Prices

Type Address Price $ Per Foot Bed/Bath Sq Feet Age
SFR/D 119 Calle De Andalucia $1,300,000 $1,098 3/1,1,0,0 1184/A 1948/ASR
SFR 265 Via Buena Ventura $1,680,000 $1,298 3/2,0,0,0 1294/ 1946
SFR/D 236 Calle De Andalucia $2,450,000 $1,007 4/1,2,0,0 2434/A 2011/SEE
SFR/D 524 Via La Selva $3,375,000 $1,055 4/4,0,1,0 3200/B 2016/SLR
SFR/D 4217 Paseo De Las Tortugas $1,350,000 $616 4/1,1,0,0 2191/A 1956/ASR
SFR/D 5114 Via El Sereno $1,560,000 $973 3/2,0,0,0 1603/A 1956/ASR
SFR/D 4511 Via Corona $2,089,000 $678 3/1,2,0,0 3083/A 1971/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.

Hollywood Riviera real estate trends

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.

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.

June Home Sales and House Prices in the Hollywood Riviera

June 2020 Hollywood Riviera Home Sales and House Prices

June was another slower month for home sales in the community of Hollywood Riviera with only 6 closed sales during the month which was about average for 2020 but quite a bit lower than most months in 2019.  Prices were impressive with the median “list” price of $1,795,000 and a median “sold” price of $1,755,000. The average price per foot was $890.87 and the average days on market was 66.   The highest priced sale of the month was an oceanfront home on the bluff at 529 Paseo De La Playa which sold for $5,650,000.

June Home sales

 

MLS #Type AddresPrice$ Per FootBed/BathSq FeetYear
PV20003066SFR/D309Calle De Andalucia   $1,950,000$584.534/2,3,1,03336/A2006/OTH
SB20091568SFR/D341Calle Mayor   $2,351,000$867.214/2,0,1,02711/D1952/ASR
SB20112988SFR/D529Paseo De La Playa   $5,650,000$1,777.294/2,1,0,03179/A1962/PUB
PV20056037SFR/D4902Newton ST  $1,310,000$792.983/1,2,0,01652/S1954/ASR
SB20076571SFR/D4729Paseo de las Tortugas   $1,335,000$832.813/2,0,0,01603/A1956/ASR
PV20011613SFR/D24002Janet LN  $1,560,000$490.415/1,2,1,03181/D2016/SLR

April 2020 Home Sales and Home Prices in the Hollywood Riviera

By the numbers - home Sales and Home Prices in the Hollywood Riviera

The Hollywood Riviera real estate market slowed down a bit as most communities in the South Bay as the uncertainties of the coronavirus kept both buyers and sellers down a bit. 

Overall it was a fairly solid month in terms of home sales.  April 2020 saw 9 homes close escrow. The median list price of the sold homes in the Hollywood Riviera was $1,099,000 with the median “sold” price being $1,075,000 indicating it was still definitely a sellers market. The average price per foot was $761 and the average days on market was only 44.

Paseo De La Playa homes

Real Estate Recap- Hollywood riviera home sales in April 2020

Type
Address
Price
$ Per Foot
Bed/Bath
Sq Feet
Year Built
SFR/D
812
Calle de Arbboles
$965,000
$661.87
3/1,0,0,0
1458/A
1948/ASR
CONDO/A
125
Calle Mayor    #25
$1,050,000
$782.41
2/2,0,1,0
1342/A
1974/ASR
SFR/D
413
Calle De Castellana   
$1,600,000
$966.77
3/2,0,0,0
1655/B
1953/ASR
SFR/D
634
Camino D>e Encanto   
$1,689,000
$1,032.40
3/2,0,1,0
1636/A
1955/ASR
SFR/D
409
Via La Soledad   
$2,115,000
$989.24
3/2,0,0,0
2138/A
1954/ASR
SFR/D
4818
Greenmeadows AVE  
$950,000
$538.55
4/2,0,0,0
1764/A
1953/ASR
SFR/D
4709
Greenmeadows AVE  
$1,075,000
$614.99
3/1,1,0,0
1748/A
1953/ASR
SFR/D
5505
Riviera Way  
$2,225,000
$646.80
4/4,0,0,0
3440/B
2019/BLD
SFR/D
24707
Via Valmonte   
$928,000
$623.24
2/2,0,0,0
1489/P
1970/ASR

ARE YOU INTERESTED

IT'S TIME TO DISCOVER

the hollywood riviera

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:

1801 S Catalina Ave, Redondo Beach, CA 90277

Phone:

310.251.2344

E-mail:

keith@keithkylehomes.com

CONTACT AGENT

Redondo Beach realtor Keith Kyle.
DRE#01712785

Keith Kyle

Top Producing Realtor

About Vista Sotheby's

Learn more about how Keith Kyle and Vista Sotheby's International can help with all of your real estate needs

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.

Please view our pledge for web accessibility