Paseo De La Playa, the oceanfront street in the Hollywood Riviera of Torrance and Redondo Beach, has seen some busy days in the real estate market. Currently there is the enormous gated estate of 433 Paseo De La Playa listed at a “mere” $16,000,000. The recent high water mark was set by 517 Paseo De La Playa, a completely renovated home, selling at $5,920,000. See the current homes for sale on Paseo De La Playa in Redondo Beach.
Torrance saw a big increase in the monthly number of home sales in May 2017 with 140 homes closing escrow. The median home price was an impressive $690,000 for the month. See the Torrance CA real estate market trends and statistics here. To see the homes that sold in Torrance CA for May visit our home sales page.
| City | Homes Sold |
May 2017 Median | May 2016 Median | Year over Year % Change% |
| Carson | 41 | $458,000 | $453,000 | 1.2% |
| El Segundo | 8 | $880,000 | $803,000 | 9.7% |
| Gardena | 65 | $523,000 | $425,000 | 23.1% |
| Harbor City | 14 | $503,000 | $439,000 | 14.5% |
| Hawthorne | 46 | $610,000 | $485,000 | 25.8% |
| Hermosa Beach | 26 | $1,738,000 | $1,285,000 | 35.3% |
| Lawndale | 16 | $485,000 | $455,000 | 6.5% |
| Lomita | 18 | $653,000 | $488,000 | 33.7% |
| Long Beach | 356 | $472,000 | $485,000 | -2.6% |
| Manhattan Beach | 46 | $2,175,000 | $1,875,000 | 16% |
| Marina Del Rey | 32 | $933,000 | $925,000 | 0.8% |
| Palos Verdes Estates | 47 | $1,650,000 | $1,499,000 | 10.1% |
| Playa Del Rey | 31 | $720,000 | $560,000 | 28.6% |
| Rancho Palos Verdes | 51 | $1,275,000 | $1,060,000 | 20.3% |
| Redondo Beach | 87 | $1,054,000 | $950,000 | 10.9% |
| San Pedro | 63 | $620,000 | $489,000 | 26.8% |
| Torrance | 140 | $690,000 | $593,000 | 16.4% |
| Westchester | 44 | $965,000 | $1,130,000 | -14.6% |
With the individual real estate markets in the South Bay being so diverse and specialized, the larger real estate sites and portals just can’t focus on specific neighborhoods. We are proud to announce the Hollywood Riviera real estate website HomesinHollywoodRiviera.com which will provide home buyers and sellers insight into this localized market. From the current homes for sale and MLS listings, to determining the value of homes in the area, to finding realtors that specialize in the real estate market of the Hollywood Riviera, we hope the site is an invaluable resource for all things real estate in this wonderful coastal community.
Coming to the market in the summer of 2017. Classic California craftsman in Old Torrance on an oversized lot. Contact Keith Kyle at 310-251-2344 or Keith.Kyle@VistaSIR.com
By Keith Kyle
It wasn’t long ago that a Torrance home in the million dollar range was a rarity….now it’s fairly commonplace. Currently there are 21 homes in the city of Torrance that are priced higher than this formerly elusive price. If you factor in homes in the homes for sale in the Hollywood Riviera, which has a Redondo Beach mailing address but is actually in the city of Torrance, there are actually 28 homes price over $1,000,000 with 5 homes priced over $2,000,000.
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.
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.
