#MarketUpdateMonday: Hollywood Riviera Sales in January 2017

The Hollywood Riviera sits as the southern most area of Redondo Beach.  Many of the homes sit on larger lot sizes and have stunning views of the Queen’s Necklace. The charm of this area is unmatched with their wide streets, mainly single family homes, manicured yards, and architecture of homes. 

This area started off strong in real estate sales in 2017. With just 6 sales in January, 5 of them sold over asking price showing a lack of inventory but a surplus of buyers. 

Below is a snap shot of the sales information in the 90277 zip code in the Hollywood Riviera for January 2017: 

Number of Homes Sold: 6 

Lowest Sales Price: $1,140,000 (3 Bed | 1 Bath | 1,572 SF | 5,906 Lot SF)

Highest Sales Price: $1,979,000 (4 Bed | 3 Bath | 2,462 SF | 9,365 Lot SF) 

Average Sales Price: $1,607,667

Median Sales Price: $1,537,500

Average Price Per SF: $802.46

How Many Homes Sold Over Asking: 5 

Average Days on Market: 23 Days 

Above are the photos of the home that sold at the highest price at $1,979,000. Head over to our contact page if you have any questions regarding the sales or if you would like to know more about the current active properties.