2016 Top Producing Realtor Announced in the South Bay

Vista Sotheby’s International, one of the top real estate firms in Torrance and the South Bay area of Los Angeles have recently announced  their “Top Producers” for 2016. With offices throughout the area including Manhattan Beach, Hermosa Beach, Palos Verdes, Redondo Beach and the Hollywood Riviera, Vista Sotheby’s has quickly become the dominant force in the local real estate market.

We are proud to annouce that Manhattan Beach realtor Keith Kyle was one of the top agents companywide and was the #9 top producing agent for 2016.   Congrats to all of the realtors given the award.  See also the Vista Sotheby’s top producers for 2015.

We wanted to thank all of our clients and friends that helped make 2016 such as successful year in real estate.

28 Homes over $1,000,000 in Torrance

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.

  1. 4 beds, 3 baths
    Home size: 3,140 sq ft
    Lot size: 6,098 sqft
    Year built: 1952
    Days on market: 1
  2. 4 beds, 3 baths
    Home size: 3,738 sq ft
    Lot size: 4,791 sqft
    Year built: 1990
    Days on market: 4
  3. 5 beds, 4 baths
    Home size: 2,806 sq ft
    Lot size: 6,098 sqft
    Year built: 1973
    Days on market: 6
  4. 4 beds, 3 baths
    Home size: 2,277 sq ft
    Lot size: 7,840 sqft
    Year built: 1971
    Days on market: 17
  5. 4 beds, 5 baths
    Home size: 4,698 sq ft
    Lot size: 13,939 sqft
    Year built: 2012
    Days on market: 22
  6. 4 beds, 5 baths
    Home size: 3,020 sq ft
    Lot size: 5,754 sqft
    Year built: 1992
    Days on market: 22
  7. 4 beds, 5 baths
    Home size: 3,500 sq ft
    Lot size: 5,227 sqft
    Year built: 1990
    Days on market: 30
  8. 5 beds, 3 baths
    Home size: 2,544 sq ft
    Lot size: 6,065 sqft
    Year built: 1953
    Days on market: 31
  9. 4 beds, 3 baths
    Home size: 3,842 sq ft
    Lot size: 6,098 sqft
    Year built: 1952
    Days on market: 36
  10. 5 beds, 5 baths
    Home size: 4,960 sq ft
    Lot size: 7,405 sqft
    Year built: 1952
    Days on market: 48

See all Real estate in the city of Torrance.
(all data current as of 6/22/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Suddenly the Whole Street is On Sale – 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.

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.

When Days on Market Doesn’t Necessarily Represent the Days on Market

By Keith Kyle

I’m sure most MLS systems are different but here in the South Bay the days on market on the CRMLS can be a bit misleading.  Many buyer and agents use days on market as a negotiating tool….the longer the home has been on the market, the more leverage the buyer has to come in low or negotiate other favorable terms.

The problem is that days on market doesn’t always indicate just how long the home has been available and is not necessarily indicative of “active” status.  As realtors when our clients accept an offer we have the option of changing the status to “pending” or “active under contract”.  Pending stops the days on market from accruing, but active under contract does not.  A home can go into escrow on day one, change the status to active under contract (again meaning it’s in escrow) and if it falls out of escrow 20 days later the days on market for the home will show 20.  It’s very misleading as the home has not been available for those 20 days and now puts the seller and listing agent at a disadvantage…..even though it sold the first day.

The other aspect that leads to misinformation is that with this days on market accruing on many home, it does not allow for an accurate picture of the market.  For instance a certain area of town or city itself may show an average days on market for a certain month to be one thing….when many of those homes were not actually available.  It may show days on market at 45 when the reality is that the homes in the community actually go into escrow after 30.

It’s a problem that needs to be addressed as it can change perceptions….both on an individual home and the market in general.

December 2016 Home Prices in Torrance CA

By Keith Kyle

December was a pretty typical month in Torrance real estate with 112 home sales at a median price of $656,000.  December traditionally is a much slower month but with the continued demand for Torrance homes, there doesn’t seem to be such a thing as a slow month.  Click here to see the sold homes in Torrance for December.  For the current homes for sale visit our active listings page.

City Homes
Sold
December
2016 Median
December
2015 Median
Year
over Year % Change%
Carson 54 $450,000 $420,000 7%
El Segundo 14 $816,000 $1,171,000 -30.3%
Gardena 44 $504,000 $413,000 22.1%
Harbor City 9 $523,000 $404,000 29.5%
Hawthorne 37 $575,000 $520,000 10.6%
Hermosa Beach 17 $1,380,000 $1,625,000 -15.1%
Lawndale 8 $393,000 $521,000 -24.6%
Lomita 6 $473,000 $535,000 -11.6%
Long Beach 298 $490,000 $435,000 12.6%
Manhattan Beach 38 $1,863,000 $1,831,000 1.7%
Marina Del Rey 21 $955,000 $945,000 1.1%
Palos Verdes Estates 25 $1,550,000 $1,675,000 -7.5%
Playa Del Rey 20 $658,000 $612,000 7.5%
Rancho Palos Verdes 47 $1,088,000 $945,000 15.1%
Redondo Beach 75 $900,000 $855,000 5.3%
San Pedro 58 $515,000 $485,000 6.3%
Torrance 112 $656,000 $585,000 12.1%
Westchester 32 $943,000 $892,000 5.7%

433 Paseo De La Playa – One of a Kind Home for Sale in the Hollywood Riviera

433 Paseo De La Playa is definitely one of a kind. Perched on the bluff with stunning ocean and coastline views, the home is like something usually seen in Beverly Hills or Bel Aire….not Redondo Beach and Torrance.

Boasting 7 bedrooms (all spacious), 6 1/2 baths, 7,792 square feet on a massive 25,000+ lot that extends to the beach this home has it all…..sports court, gated driveway, ocean view pool and spa (with a mini waterslide) and huge views from many of the rooms.  The home even features a oversized path down to the sand which is rare as the California Coastal Commission highly regulates direct access to the beach and the permitting process (if approved) can take years and years.

The Hollywood Riviera is a fantastic neighborhood with a small town community charm, highly ranked schools and often times some great ocean views.

433 Paseo De La Playa, Redondo Beach, CA 90277 (MLS # PV17007475)

(all data current as of 6/22/2017)
Price $16,000,000
Beds 7
Baths 7 baths
Home size 7,792 sq ft
Lot Size n/a
Days on Market 161
Status Active
This PRIVATE GATED ESTATE HOME between Palos Verdes and Redondo Beach is located on a bluff with Spectacular Ocean and Coastline views of the entire Santa Monica Bay and Malaga Cove! This estate is one of the rare Southern California properties with private accessibility to the sand and beach. As if that is not enough, very few properties along the coast can boast all the resort type amenities, 7,792 Sq. Ft of living space and a 26,743 sq. ft. lot. Just off of the living areas is a huge deck with fire pit for watching the sunsets, a built in BBQ and bar for entertaining friends and family, and a custom lagoon swimming pool with waterfalls, spa and slide to soak in the sun. Also enjoy a private basketball court or play volleyball in your own front yard. 4 car garage and enough area to park 10 cars on the property. 
As you walk thru the front door of this 7,792 sq ft estate, a gorgeous stairway leads you up to the master suite with incredible ocean views. There are 5 bedrooms upstairs and a sauna. The downstairs area (handicap accessible) has a home theatre, pool table room, game room and 2 bedrooms and bathrooms. As you proceed thru the house you will see the chefs kitchen, dining area and living room, all of which have views of the coastline and Pacific Ocean.
Don't miss this chance to own a very rare property-a perfect place to make all kinds of unforgettable memories!

Property Type(s): Single Family

Last Updated 1/13/2017 Tract
Year Built 1995 Community 128 - Hollywood Riviera
Garage Spaces 4.0 County Los Angeles
Total Parking n/a

Additional Details

Area 128 - Hollywood Riviera HOA Dues 0
Parking Spaces: 4.00 Pool Description Private,In Ground,Waterfall,Filtered,Hea
Utilities Sewer Connected View Description Coastline,Ocean,Panoramic
Water Public Waterfront Description Beach Access,Beach Front

Features

Air Central
Air Conditioning Yes
Basement Foundation: Slab
Construction Stucco
Exterior Barbecue Private
Fireplace Yes
Garage Garage, Gated, Yes
Heat Central Furnace
Interior Balcony, Bar, Pantry, Vacuum Central, Wet Bar
LotDescription Bluff Front
Pool Yes
View Yes
Waterfront Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : , RE/MAX Estate Properties

(view all details for MLS #PV17007475)

Torrance Home Sales and Housing Prices for November 2016

By Keith Kyle

Torrance, CA posted some solid home sales numbers in November 2015 with a very healthy 112 homes selling at a median price of $656,000 which was up considerably over November of the previous year.  To see the home sales in Torrance click here.  Torrance is one of the largest cities in the South Bay with a very diverse housing market.

City Homes
Sold
November
2016 Median
November
2015 Median
Year
over Year % Change%
Carson 54 $450,000 $420,000 7%
El Segundo 14 $816,000 $1,171,000 -30.3%
Gardena 44 $504,000 $413,000 22%
Harbor City 9 $523,000 $404,000 29.5%
Hawthorne 37 $575,000 $520,000 10.6%
Hermosa Beach 17 $1,380,000 $1,625,000 -15%
Lawndale 8 $393,000 $521,000 -24.6%
Lomita 6 $473,000 $535,000 -11.6%
Long Beach 298 $490,000 $435,000 12.6%
Manhattan Beach 38 $1,863,000 $1,831,000 1.7%
Marina Del Rey 21 $955,000 $945,000 1.1%
Palos Verdes Estates 25 $1,550,000 $1,675,000 -7.5%
Playa Del Rey 20 $658,000 $612,000 7.5%
Rancho Palos Verdes 47 $1,088,000 $945,000 15.1%
Redondo Beach 75 $900,000 $855,000 5.3%
San Pedro 58 $515,000 $485,000 6.3%
Torrance 112 $656,000 $585,000 12.1%
Westchester 32 $943,000 $892,000 5.7%

See the Torrance and South Bay Homes Sold in November

View any South Bay city below to see the homes sold in Torrance, Redondo Beach and the South Bay in November 2016

November 2016
El Segundo
Hawthorne
Hermosa Beach
Hollyglen/Del Aire
Hollywood Riviera
Lawndale
Manhattan Beach
Palos Verdes Estates
Rancho Palos Verdes
Redondo Beach
Rolling Hills Estates
San Pedro
Torrance

Happy Holidays from Torrance Real Estate Homes

From us at Torrance real estate homes, Vista Sotheby’s International Realty and Keith Kyle, we wish you and yours a very happy holiday season. We hope you’ve had a great 2016 and look forward to a wonderful 2017

Torrance CA – Get out and Vote!

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