December 2017 Redondo Beach Home Sales – Median Price Tops $1.0M

The monthly sales are in for December and although it was a bit of a slower month in terms of the number of homes that sold, it was a very strong month for home prices in this coastal town.  Redondo Beach recorded 78 homes sold in December at a median price of $1,018,000.  While median prices have topped $1.0M in the past it’s still fairly rare.  Click here to see the current homes for sale in Redondo Beach or view our recent home sales in Redondo Beach.

City Homes Sold December 2017  Median December 2016  Median Year
over Year % Change%
Carson 47 $486,000 $451,000 7.8%
El Segundo 11 $966,000 $985,000 -2%
Gardena 65 $515,00 $465,000 10.8%
Harbor City 17 $572,000 $621,000 -7.9%
Hawthorne 30 $545,000 $555,000 -1.9%
Hermosa Beach 15 $2,003,000 $1,440,000 39.1%
Lawndale 12 $448,000 $510,000 -12.3%
Lomita 10 $595,000 $519,000 14.5%
Long Beach 284 $497,000 $465,000 6.9%
Manhattan Beach 36 $2,250,000 $1,790,000 25.7%
Marina Del Rey 31 $1,075,000 $841,000 27.9%
Palos Verdes Estates 27 $1,342,000 $1,599,000 -16.1%
Playa Del Rey 9 $612,000 $588,000 4.2%
Rancho Palos Verdes 58 $1,050,000 $1,170,000 -10.3%
Redondo Beach 78 $1,018,000 $987,000 3.1%
San Pedro 58 $485,000 $515,000 -5.8%
Torrance 111 $670,000 $650,000 3.1%
Westchester 38 $1,005,000 $985,000 2%

 

Vista Sotheby’s International Office Locations in the South Bay

Vista Sotheby’s International Manhattan Beach

Vista Sotheby's International Realty Manhattan Beach

2501 N Sepulveda Blvd
Manhattan  Beach, CA 90266
Office: +1310.546.7611

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Vista Sotheby’s International Realty Hermosa Beach

Vista Sotheby's International Realty Hermosa Beach

200 Pier Avenue
Suites 305 & 306
Hermosa Beach, CA 90254
Office: +1310.546.7611
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Vista Sotheby’s International Realty North Manhattan

Vista Sotheby's International Realty North Manhattan

3300 Highland Ave
Manhattan Beach, CA 90266
Office: +1310.546.7561

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Vista Sotheby’s International Realty Downtown Manhattan Beach

Vista Sotheby's International Realty

916 Manhattan Ave
Manhattan Beach, CA 90266
Office: +1310.546.7561

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Vista Sotheby’s International Hollywood Riviera

Vista Sotheby's International Realty Hollywood Riviera

1801 S Catalina
Redondo Beach, CA 90277
Office: +1310.5418271

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Vista Sotheby’s International Realty Palos Verdes Peninsula

Vista Sotheby's International Realty Palos Verdes

608 Silver Spur, Suite 103
Palos Verdes Peninsula, CA 90274
Office: +1310.541.8271

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Vista Sotheby’s International Realty Downtown Manhattan Beach

Vista Sotheby's International Realty downtown manhattan Beach

1144 Highland
Manhattan Beach, CA 90266
Office: +1310.546.7611

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Vista Sotheby’s International Realty Palos Verdes Estates

Vista Sotheby's International Realty downtown manhattan Beach

16 Malaga Cove Plaza
Palos Verdes Estates, CA 90274
Office: +1310.375.0583

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What is the Hillside Overlay Ordinance in the Hollywood Riviera?

By Keith Kyle

A few of the many benefits of living near the beach are the wonderful ocean views and ocean breezes that make life here so unique.  These ocean views have immeasurable value from both a quality of life aspect as well as a significant monetary impact.  In many of the South Bay cities these views are unprotected and it’s not rare for a home’s stunning ocean views to disappear when the one story home next door gets torn down and new and much larger home replaces it.

Home with "flags" marking outline of proposed addition

Home with “flags” marking outline of proposed addition

Certain areas of Torrance are the exception. Primarily found in the Hollywood Riviera and Seaside Ranchos neighborhoods the city has incorporated much stricter building guidelines known as the “Hillside Overlay” area.  (see map below)

From the Torrance city website:  In 1977, the Hillside Overlay Area was established in Torrance, CA in order to address issues concerning building, remodeling, and protecting views and privacy.  All new construction (meaning both new homes and expansions on current structures) are subject to review and input by neighbors including “flagging”  where a mock up of the future structure are marked with plastic flags  to approximate the outlines of any proposed addition to the structure prior to permit approval so that neighborhood input may be obtained.

Torrance Municipal Code Excerpt (Hillside Overlay)

The basics of the hillside overlay are as follows:  Upon receipt of the complete application, the Community Development Director shall set a date, time and place for a public hearing thereon as soon as practicable and shall send notice thereof to the owners of land included within a three hundred (300) foot radius of the exterior boundaries of the land for which the permit is sought

No construction and no remodeling or enlargement of a building or structure shall be permitted unless the Planning Commission (or the City Council on appeal) shall find that the location and size of the building or structure, or the location and size of the remodeled or enlarged portions of the building or structure, have been planned and designed in such a manner as to comply with the following provisions:
a) The proposed development will not have an adverse impact upon the view, light, air and privacy of other properties in the vicinity;
b) The development has been located, planned and designed so as to cause the least intrusion on the views, light, air and privacy of other properties in the vicinity;
c) The design provides an orderly and attractive development in harmony with other properties in the vicinity;
d) The design will not have a harmful impact upon the land values and investment of other properties in the vicinity;
e) Granting such application would not be materially detrimental to the public welfare and to other properties in the vicinity;
f) The proposed development will not cause or result in an adverse cumulative impact on other properties in the vicinity.

Torrance Hillside Overlay

 

Explore the Neighborhoods, Cities and Communities Around Redondo Beach

Welcome to Redondo Beach, the Beach Cities and the South Bay. While Redondo Beach has something to offer everyone,
some of the neighboring cities offer a flavor and feel all their own. Click on any city below to be taken to a area specific website or page geared specifically for that community.

417 Paseo De La Playa – Once In a Lifetime Property in the Hollywood Riviera

While the price is staggering for this are of the South Bay, there’s no disputing that the home (s) being sold at 417 Paseo De La Playa are pretty incredible.  The lots along Paseo De La Playa are already huge as they extend all the way to the beach but in this case there’s not one, but two separate parcels for sale.  What also makes this compound type property unique is the beach access.  It can take years to go through the California coastal process of trying to get beach access and it’s often denied.  In this case there’s not only beach access but a private volleyball court!  Here’s information from listing agent Chris Adlam of Vista Sotheby’s International.

With over 62,000 square feet of beach-front property on TWO SEPARATE PARCELS, this dramatic compound is almost impossible to duplicate. The main house (417 Paseo de la Playa) is over 10,000 square feet of exquisite living area, and the “companion house” (421 Paseo de la Playa) has over 5,500 square feet. Both homes are located behind gated entrances, both with direct access to the sand, a spectacular pool & spa, a private sand volleyball court, and a large yard. The views span from Palos Verdes through the beach cities, including the entire Santa Monica Bay.

We're sorry, but we couldn't find MLS # PV17206016 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

The Changing Face of Paseo De La Playa in the Hollywood Riviera

For lack of a more refined way of putting it….Paseo De La Playa in the Hollywood Riviera is probably one of the coolest streets in the South Bay.  With enormous lots that extend all the way to the sand at Torrance Beach, panoramic ocean views and stunning queens necklace views, these homes offer it all.  Unlike the beachfront homes of the Manhattan and Hermosa Strand, homes on the west side of Paseo De La Playa offer stunning ocean and coastline views by day, stunning sunsets in the evening and incredible ocean/city lights at night.  Most of the homes along the street were tract type houses built in the 1970s with very much a Brady Bunch look and feel.  That’s all changed in the last few years with 7 of the homes having extreme makeovers.  See the current homes for sale on Paseo De La Playa in the Hollywood Riviera.

Before

After

2015

2017

 

Is $2,000,000+ the New Normal for High End Homes in the Hollywood Riviera?

By Keith Kyle

It wasn’t long ago that most homes for sale in the Hollywood Riviera were priced around $1,000,000 with only the truly spectacular reaching towards the $2.0M mark.  Those days have past with $2,000,000+ being the new normal for big views and the abundance of high end flips in the area.  As of 2/8/17 there are 5 homes in the Hollywood Riviera priced over $2,000,000 and most are well over that formerly elusive price point.

Sorry, but we couldn't find any results in the MLS that match the specified search criteria.

Multiple Homes for Sale on Camino De Encanto in the Hollywood Riviera

By Keith Kyle

It’s not often that we see homes come on the market in the lower Hollywood Riviera neighborhood that’s west of Palos Verdes Blvd.  Occassionally we see a home or two and more often than not, there is nothing on the market in this area.  What makes this part of the Hollywood Riviera so great is that it’s walking distance to Torrance Beach and not far from the downtown shopping and dining area of Riviera Village.

That certainly couldn’t be further from the case at the moment as there are 4 homes for sale on Camino De Encanto in the Hollywood Riviera.

There are current 4 homes on the market and all are within a 1/2 block.  This is pretty unheard of an probably not ideal for any of the homes as when buyers have options….they want to negotiate.  Contact us for more information or visit our Hollywood Riviera homes for sale page to view all of the current lisitngs.

Riviera Village Holiday Stroll in Redondo Beach

If you are looking for a great way to kick off the holidays in Redondo Beach the Riviera Village holiday stroll may be just the ticket.  Enjoy a great community asmosphere, carolers, sleigh rides, tasty treat, Santa of course, and even some snow.

The annual Holiday Stroll kicks off at 5 p.m. A parade featuring marching bands from local schools and that jolly guy in the red suit, Santa Claus, at the corner of Catalina Avenue and Avenue I. With over 300 fashionable boutiques offering a wide variety of unique gift ideas, Riviera Village is the destination of choice for discerning shoppers. The Village takes on a cheerful holiday atmosphere with lights, decorations and festive music for your enjoyment as you stroll along the avenues admiring the festooned store fronts.

 

If oceanfront is what you’re looking for…..

By Keith Kyle 501 Paseo De La Playa Hollywood Riviera

I’ve been fortunate to represent a few clients on purchases or sales along Paseo De La Playa in the Hollywood Riviera and the locations is nothing short of spectacular.  Paseo De La Playa is the oceanfront street that connects Redondo Beach with the beginning of the Palos Verdes Peninsula and offers a lifestyle not found in many places.

The recent listing of 501 Paseo De La Playa is no exception.  This 5 bedroom, 3 1/2 bath home sits high on the bluff and offers mesmerizing views of the ocean, Palos Verdes and the beautiful coastline from Redondo to Malibu.

We're sorry, but we couldn't find MLS # PV16082156 in our database. This property may be a new listing or possibly taken off the market. Please check back again.