#MarketUpdateMonday: Hollywood Riviera Sales in 2016

Redondo Beach is made up of three main areas being North Redondo Beach, South Redondo Beach and the Hollywood Riviera. This week we will take a look at the 2016 sales in Hollywood Riviera. If you are unfamiliar with the area, it is considered Torrance however, a portion of it has a Redondo Beach zip code, 90277. It is the area above Torrance Beach between South Redondo Beach and Malaga Cove. 

The charm of this area are the single family homes on larger lots, with quite of a few of them having an ocean view. 

Below is a snap shot of the sales information in the 90277 zip code in the Hollywood Riviera for the entire year of 2016: 

For Single Family Homes: 

Number of Homes Sold: 57 Homes 

Lowest Sales Price: $955,000 (3 Bd | 1 Ba | 1,008 Sq. Ft. | 7,086 Sq. Ft.)

Highest Sales Price: $5,300,000 (5 Bd | 4 Ba | 3,739 Sq. Ft. | 27,838 Sq. Ft. Lot

Median Sales Price: $1,325,000

Average Closed Sales Price: $1,502,558

Average Price Per Square Foot: $727.89

How Many Homes Sold Over Asking Price: 14 Homes

Average Days on Market: 73 Days 

For Condos and Town-homes: 

Number of Condos/Town-homes Sold: 18 

Lowest Sales Price: $610,000 (2 Bd | 2 Ba | 1,100 SqFt)

Highest Sales Price: $1,249,000 (2 Bd | 2 Ba | 1,722 Sq. Ft) 

Median Sales Price: $912,500

Average Closed Sales Price: $881,333

Average Price Per Square Foot: $558.07 per Square Foot 

How Many Condos/Town-homes Sold Over Asking Price: 7 

Average Days on Market: 38 Days 

Above are the photos of the highest sale single family home that is located right on the beach. Please head over to our contact page if you have any further questions or want more information.