South Redondo homes

See the 8 Homes that Sold in the Hollywood Riviera in May

See the Homes that Sold in the Hollywood Riviera in May

8 Homes Close Escrow at $1,781,250 average price

Welcome to the month that was for homes in the Hollywood Riviera.

Things picked up a bit last month with 8 closed sales compared to only 2 in February and none in January….both historically slow.

The average “list” price was $1,705,875 with the average sold price at $1,780,138 meaning that homes generally sold for WAY above list price.  So much for a market slow down.

The average price per foot was $1041 and average days on market was a brief 33 days before going into escrow.

The top sale of the months was a single family at 114 Via Monte D’Oro that closed for $2564,100.

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

Know about new listings in Hollywood Riviera first!

Village Palos Verdes oceanview townhomes in the Hollywood Rivieraa

May 2023 Hollywood Riviera Home Sales and Prices

Type Address Price $ Per Foot Bed/ Bath Sq Feet Age
SFR/D 332 Paseo De Gracia $1,360,000 $1,028 3/1,0,0,1 1323/A 1954/PUB
SFR/D 421 Calle De Castellana $1,537,000 $1,166 3/1,1,0,0 1318/A 1951/ASR
SFR/D 634 Calle De Arboles $2,100,000 $1,063 3/1,2,1,0 1976/SEE 2002/ASR
SFR/D 361 Calle Mayor $2,100,000 $896 3/1,3,0,0 2343/A 1956/ASR
SFR/D 114 Via Monte D’Oro $2,564,100 $1,100 4/3,0,0,0 2331/A 1955/ASR
SFR/D 4626 Newton ST $1,275,000 $775 4/2,0,0,0 1646/A 1963/ASR
SFR/D 4818 Via El Sereno $1,630,000 $1,021 3/2,0,0,0 1597/A 1956/ASR
SFR/D 5310 Highgrove ST $1,675,000 $1,280 3/1,0,1,0 1309/A 1954/ASR
Hollywood Riviera homes for sale

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.

Hollywood Riviera homes for sale

South Redondo homes

Hollywood Riviera Home Prices On the Rise

The Hollywood Riviera real estate market has taken off in the past few weeks with a median list price of over $1.5M which is a fairly unbelievable number for an area with a median sales price of just over $1.0M for the past 4 months.  Included in these sold homes was the ocean front home at 623 Paseo De La Playa which sold for $2.625M and without that very unique sale, median prices would have been considerably lower.  What accounts for this incredible increase?

According to Redondo Beach specialist, Keith Kyle, it is a combination of a number of factors.  “The market has clearly changed in the past few months with inventory dropping and prices rising.  In addition the homes currently on the market just happen to be more upgraded and larger as sellers with luxury homes in the Hollywood Riviera have decided it is great time to list their homes.  One last factor is the dramatic reduction in the number of distressed sales.  As of a year ago distressed sales made up a sizable portion of the listings and are almost non-existent these days.”  Click here to view the most recent home sales in the Hollywood Riviera.

Current Hollywood Riviera Homes for Sale

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Keith Kyle – Licensed Realtor – Vista Sothebys International Realty – DRE#01712785

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