Torrance Real Estate Recap – 2018 Year in Review

By Keith Kyle

2018 was a banner year for real estate in Torrance CA. Demand was extremely high and prices continued to rise throughout the year with a slight drop towards the winter months which is not unusual.  The number of homes for sale really ramped up after spring from a low of 76 homes on the market in January to a high of 167 homes for sale in July.  There were 1,195 residential “on market” home sales in Torrance for the year.  These statistics do not include the homes in the Hollywood Riviera with Redondo mailing address but actually in Torrance.

Homes Selling At or Above Asking Price

One extremely impressive indicator of just how strong the market remained through the year was the % difference between list price and sold price (how close the sellers were to full asking price).  In seven of the months the average home sold at, or above the average list price and in the remaining 5 months they were within a percent or 2 of full list price.  That’s a sign of an extremely seller friendly market.

See the current homes for sale in Torrance

Days on Market Very Low

Another solid indicator was the average days on market with only topped 30 days once….in January of 2018.  Median prices for the year generally overed between $700,000 and $800,000.

Date January February March April May June July August September October November December
For Sale 76 78 88 111 144 149 167 165 149 164 165 119
New Listing 94 104 121 147 147 163 162 146 110 136 103 59
Sold 59 52 97 95 110 115 131 135 112 112 97 74
Pended 72 86 104 107 113 135 124 136 95 101 85 85
Avg. Active Price  $757.000  $749.000  $815.000  $820.000  $814.000  $780.000  $819.000  $809.000  $ 803.000  $771.000  $727.000  $724.000
Avg. Sold Price  $714.000  $739.000  $709.000  $739.000  $806.000  $747.000  $715.000  $721.000  $765.000  $744.000  $735.000  $766.000
Avg. Sq. Ft. Price (Sold) 488 484 484 483 503 504 482 495 497 469 495 494
Sold/List Diff. % 100 101 102 102 102 101 101 100 100 99 99 100
Sold/Orig LP Diff. % 99 100 101 101 102 101 100 99 100 98 98 98
Avg Days on Market 34 26 22 22 19 20 23 21 25 30 27 29
Median Sold Price 700,000 705,000 690,000 740,000 800,000 732,000 695,000 735,000 743,000 716,000 710,000 758,000

State of the Torrance Real Estate Market Heading into 2019

Torrance is far more than one uniform real estate market.  With neighborhoods that range from sub $500,000 to homes in the multi millions, each area has it’s own localized market.

Visit Torrance Real Estate for more information on the community and market in Torrance CA

In general the real estate market seems to be slowing down heading into 2019.  Demand is cooling with higher interest rates and a fairly regular slow down this time of year when people are busy with the holidays.

According to Torrance realtor Keith Kyle, “It’s clear that the market is cooling off as there has been an increase in new listings coupled with fewer sales and homes going into escrow since summer.”  The chart above shows that the number of active listings has held pretty steady between 150 and 170 since summer, but the number of sold homes as well as new escrows has continued to decrease.  If this trend continues the market will shift more in favor of buyers and less in favor of sellers.  It’s clearly been a sellers market over the past few years.

The chart below shows the upward trend over the past few months with avarage “months of inventory” of unsold homes on the rise.

Schools are Very Important to the Torrance Real Estate Market

It’s no real secret that good schools help drive real estate values in certain neighborhoods and communities.  Buyers with kids want to be in areas with good schools and that higher demand helps keep values up.  Even those without kids greatly benefit from a strong school system.  The stronger the schools the more insulated a market is from any downturns.  That was very evident in Redondo Beach that saw home prices drop during the recession and housing crisis, but only a very small amount compared with other local areas that do not have as strong a school system.

A recent CAR study showed that 47% of home buyers said good schools were very importan, 23% said that they were somewhat important, 11% said not very important and 19% said that it was not important at all.

The 19% may not realize just how much of an influence schools play on values and demand.  Good elementary schools are often part of a good community and without question most buyers would like to live in a good community.

The Torrance Unified School District is highly ranked and that creates a very high demand, especially for families thinking of living in this coastal community.

The study also conclued that 43% of consumers age 34 or under believe highly rated schools are very important.  58% of consumers earning more than $100,000 a year think that highly rated schools are very important.

Just Listed in Redondo Beach – Oceanview Studio for Sale in The Village

610 The Village #202 Redondo Beach CA

  • Well priced at $460,000
  • 410 foot studio with 1 full bath
  • Ocean view
  • Community ammenities included multiple pools and spas, market/restaurant, fitness center, bbq areas and decks
  • Low HOA of $265 a month

Just Behind King Harbor

Ahh to Live At the Beach

Walk to Redondo Pier

Fitness Center

Owners only pool

Oceanview deck

One of two luxurious pools

Landscaped grounds

Welcome home to this luxury retreat and live the vacation lifestyle! This beautifully remodeled condo is the ideal beach retreat and the
community offers multiple pools and spas, oceanview deck, bbq area and access to the neighboring resort style pool, state of the art fitness center and market/restaurant. Perfect for those looking to buy instead of rent, those looking for a second home just seconds from the beach, and those that travel often and are looking for the perfect place to come home after a trip and sit back and relax…..610 The Village #202 is an ideal fit. Located just east of King Harbor and the Redondo Pier, this beautiful and rare ocean view studio is central to everything in the South Bay. The home was recently upgrated with granite counters, new stainless appliances, recessed lights, crown molding, new sliders to the patio, new carpet and new paint. Bathed in natural light the home feels much larger than the typical studio and much larger than the square footage would indicate. Enjoy beach breezes and ocean views from the home or the private balcony or head out for a stroll on the pier or along the beach.

Contact listing agent Keith Kyle with Vista Sotheby’s International Realty for more information or to set up a private showing.

How Do Torrance Buyers Choose a Neighborhood

Just as every community is different…..every home buyer is different as well.  A recent survey provided some insight into California home buyers.

Here’s some of what home buyers look for when choosing a neighborhood.

  • 25% wanted a home close to friends and family
  • 24% wanted a short commute
  • 20% wanted homes in a specific school district

See the chart below for some other important details when choosing a neighborhood.

Torrance California Home Sales for October 2018

October was another solid month for home sales in Torrance with 112 home sales.  The average listing price for the month was $748,206 with the average sales price at $744,270.  The median list price was $729,000 while the median sold price was at $715,875.  The highest sale of the month was $1,750,000 for a 4 bedroom home in South Torrance in the Seaside Ranchos neighborhood at 5006 Sharynne and the lowest priced sale was a condo at $265,000.

See the current homes for sale in Torrance CA

October 2018 Torrance Home Sales

Type
 
Address  Price   $ per foot  Bed/Bath Sq Feet Year Built
SFR/D
1554 W
220th ST  $ 479,000  $    665.28
1/1,0,0,0 720/A 1924/ASR
SFR/D
1626 W
214th ST  $525,000  $    713.32
2/1,0,0,0 736/A 1951/ASR
SFR/D
1456 W
223rd ST  $580,200  $    499.31
3/2,0,0,0 1162/A 1944/ASR
SFR/D
1527 W
213th ST  $585,000  $    565.76
2/2,0,0,0 1034/A 1940/ASR
SFR/A
1306 W
214th ST  $600,000  $   364.08
3/2,0,1,0 1648/A 1959/PUB
CONDO/A
1133
Sepulveda Blvd #202  $340,000  $    427.14
2/1,0,0,0 796/A 1973/ASR
CONDO/A
1127
Sepulveda Blvd #L104  $350,000  $   408.88
2/2,0,0,0 856/A 1973/APP
CONDO/A
20565 S
Vermont AVE #8  $390,000  $   402.89
2/2,0,0,0 968/A 1982/ASR
CONDO/A
23314
Marigold AVE #S101  $425,000  $   398.69
3/2,0,0,0 1066/A 1973/ASR
CONDO/A
22912 S
Vermont AVE #4  $445,000  $    399.82
3/2,0,0,0 1113/A 1973/ASR
CONDO/A
22919
Mariposa AVE #801  $450,000  $    381.36
2/1,1,1,0 1180/A 2009/ASR
CONDO/A
874 W
232nd ST  $475,000  $   348.50
3/2,0,0,0 1363/A 1974/ASR
SFR/D
22922
Doble AVE  $540,000  $    534.65
3/1,0,0,0 1010/A 1953/ASR
SFR/A
22912
Doble AVE  $575,000  $    429.10
4/2,0,0,0 1340/A 1953/ASR
SFR/D
21141
Broadwell AVE  $605,000  $    376.48
3/2,0,0,0 1607/A 1954/ASR
SFR/D
20963 S
Van Deene AVE  $615,000  $    488.10
3/2,0,0,0 1260/A 1957/ASR
SFR/D
808
Gian DR  $649,000  $    409.21
4/2,0,0,0 1586/A 1968/ASR
SFR/D
719 W
226th ST  $651,000  $    269.34
4/3,0,0,0 2417/A 1968/ASR
SFR/D
21430
Marigold AVE  $665,000  $   358.88
3/2,0,0,0 1853/A 1959/ASR
CONDO/A
24452
Ward ST  $700,000  $    510.95
3/1,1,0,0 1370/A 1981/ASR
SFR/D
3322
Dalemead ST  $750,055  $    702.96
3/1,0,0,0 1067/A 1950/ASR
SFR/D
3213
Dalemead ST  $840,000  $    787.25
3/1,1,0,0 1067/T 1950/ASR
DPLX/D
24240
Ocean AVE  $900,000  $    348.70
9/4,1,0,0 2581/A 1955/ASR
SFR/D
3200
Newton ST  $1,020,000
 $    447.37
4/2,0,1,0 2280/B 1993/ASR
SFR/D
2849
Windmill RD  $1,059,000
 $    511.10
4/2,0,0,0 2072/A 1975/ASR
SFR/D
25932
Richville DR  $1,305,000
 $    446.00
4/2,0,1,0 2926/A 1956/ASR
COOP/A
3110
Merrill DR #85  $477,900  $    367.62
2/1,1,0,0 1300/E 1964/ASR
COOP/A
3210
Merrill DR #32  $480,000  $    342.86
3/1,1,0,0 1400/A 1963/ASR
CONDO/A
2567
Plaza Del Amo#308  $500,000  $    574.71
1/1,0,1,0 870/A 1985/ASR
CONDO
3520
Maricopa ST #5  $520,000  $    389.22
2/2,0,1,0 1336/A 1975
TWNHS/A
2800
Plaza Del Amo #266  $655,000  $    514.53
2/3,0,0,0 1273/A 1988/ASR
TWNHS/A
3508
Del Amo Bl  $700,000  $    422.45
4/3,0,0,0 1657/A 1974/BLD
TWNHS/A
2300
Maple AVE #231  $780,000  $    417.78
4/3,0,0,0 1867/A 1987/ASR
TWNHS/A
4312
Spencer ST  $880,000  $    359.77
3/2,2,1,0 2446/A 1989/PUB
SFR/D
902
Cerise AVE  $892,000  $    527.19
3/2,0,0,0 1692/A 1951/ASR
SFR/D
2623
Bayport DR  $940,000  $    370.96
4/2,0,1,0 2534/A 1987/ASR
SFR/D
3708
Michelle DR  $950,000  $   436.98
4/3,0,0,0 2174/A 1969/ASR
CONDO/A
24410
Crenshaw Bl #211  $265,000  $    356.66
1/1,0,0,0 743/A 1987/ASR
CONDO/A
22911
Nadine CIR #A  $480,500  $    430.17
2/2,0,0,0 1117/A 1963/ASR
CONDO/A
23053
Nadine CIR #A  $510,500  $    457.03
2/2,0,0,0 1117/A 1963/ASR
CONDO/A
22927
Maple AVE  $544,250  $    562.82
2/2,0,0,0 967/A 1963/ASR
TWNHS/A
2992 W
235th ST  $730,000  $    450.34
3/3,0,0,0 1621/A 2000/ASR
SFR/D
3735 W
226th ST  $790,000  $    714.29
3/1,1,0,0 1106/A 1953/ASR
SFR/D
22715
Eriel AVE  $952,702  $    496.46
4/2,0,0,0 1919/A 1960/ASR
SFR/D
4521
Greenmeadows AVE  $ 1,090,000
 $    699.61
3/1,0,1,0 1558/A 1953/ASR
SFR/D
4625
Paseo De Las Tortugas  $ 1,295,000
 $    810.39
3/1,1,0,0 1598/A 1956/ASR
CONDO/A
3970
Sepulveda Blvd #206  $620,000  $    413.33
2/2,0,0,0 1500/B 2007/ASR
SFR/D
22939
Ocean AVE  $820,000  $    554.43
3/2,0,0,0 1479/A 1955/ASR
CONDO/A
22485
Kent AVE  $839,000  $    406.89
3/3,0,0,0 2062/A 1999/ASR
SFR/D
22621
Susana AVE  $850,000  $1,049.38 3/1,0,0,0 810/A 1952/ASR
SFR/D
3921 W
234th PL  $866,000  $    513.34
4/2,0,0,0 1687/A 1962/ASR
SFR/D
4713
Vanderhill RD  $890,000  $    772.57
3/2,0,0,0 1152/A 1956/ASR
SFR/D
23148
Anza AVE  $900,000  $    585.94
3/2,0,0,0 1536/A 1960/ASR
SFR/D
23430
Evalyn AVE  $1,035,000
 $   449.02
5/1,2,0,0 2305/A 1962/PUB
SFR/D
5006
Sharynne LN  $1,750,000
 $    673.08
4/2,1,0,0 2600/E 1949/ASR
CONDO/A
5500
Torrance BLVD #C323  $615,000  $    453.54
3/2,0,0,0 1356/A 1990/ASR
CONDO/A
21345
Hawthorne BLVD #101  $665,000  $    540.65
3/2,0,0,0 1230/A 2005/ASR
SFR/D
5125
Sepulveda BLVD  $785,000  $    675.56
3/1,1,0,0 1162/A 1955/OTH
SFR/A
4018
TORRANCE  $875,000  $    506.95
3/2,0,0,0 1726/ 1956
SFR/D
21713
Ladeene AVE  $921,000  $    792.60
3/1,1,0,0 1162/A 1956/ASR
SFR/D
5215
Scott ST  $960,000  $    541.46
3/1,1,0,0 1773/A 1955/PUB
SFR/D
5109
Beran ST  $961,000  $    438.61
4/4,0,0,0 2191/A 1955/PUB
SFR/D
21502
Linda DR  $1,000,000
 $    547.05
4/2,0,1,0 1828/A 1955/ASR
TWNHS/A
3727
Emerald ST #B  $600,000  $    531.91
2/2,0,1,0 1128/A 1987/ASR
SFR/D
5105
Arvada ST  $730,000  $    421.48
3/2,0,0,0 1732/A 1954/ASR
COMRES/A
3642
Garnet ST  $800,000  $    148.45
11/7,0,0,0 5389/A 1973/PUB
TWNHS/A
4489
Spencer ST #302  $830,000  $    405.27
3/2,0,1,0 2048/A 1995/ASR
SFR/D
4765 W
191st ST  $855,000  $    439.14
4/2,0,0,0 1947/A 1954/ASR
TWNHS/D
20508
EARL ST  $875,000  $    446.20
3/2,0,2,0 1961/ 2004
SFR/D
19905
Mansel AVE  $909,500  $    649.18
3/1,1,0,0 1401/A 1955/ASR
SFR/D
20015
Saltee AVE  $940,000  $    654.14
3/2,0,0,0 1437/A 1955/ASR
SFR/D
20019
Mildred AVE  $1,300,000
 $    591.72
4/1,1,1,0 2197/A 1970/ASR
SFR/D
5515
Arvada ST  $1,360,000
 $    486.06
4/4,0,0,0 2798/A 1956/ASR
TWNHS/A
3429 W
171st ST  $499,000  $    352.40
3/1,0,1,0 1416/A 1974/ASR
SFR/A
18334
FALDA AVE  $573,500  $    656.93
2/1,0,0,0 873/ 1953/BLD
SFR/D
3633 W
177th ST  $580,000  $    657.60
2/1,0,0,0 882/A 1953/ASR
SFR/D
18327
Elgar AVE  $610,000  $    690.05
3/1,0,0,0 884/A 1953/ASR
SFR/D
17008
Ermanita AVE  $695,000  $    630.10
3/1,1,0,0 1103/A 1951/ASR
SFR/D
17108
Glenburn AVE  $700,000  $    596.25
2/2,0,0,0 1174/A 1948/ASR
SFR/D
18820
Patronella AVE  $705,000  $    595.94
3/1,0,1,0 1183/A 1953/PUB
SFR/D
16623
Falda AVE  $711,750  $    564.88
3/2,0,0,0 1260/A 1952/ASR
SFR/D
3621 W
177th Street  $720,000  $    435.31
3/2,0,0,0 1654/A 1953/ASR
SFR/D
3709 W
180th PL  $750,000  $    496.03
4/2,0,0,0 1512/A 1953/ASR
SFR/D
16705
Francis CT  $769,000  $    372.76
4/3,0,0,0 2063/A 1963/ASR
SFR/D
3633 W
181st ST  $795,000  $    485.35
3/2,0,0,0 1638/A 1953/ASR
TWNHS/D
18512
Roslin AVE  $799,000  $    392.44
3/4,0,0,0 2036/B 2018/BLD
SFR/D
16815
Fonthill AVE  $815,000  $    372.32
4/2,0,0,0 2189/ 1954
SFR/D
3733
Sandgate DR  $815,000  $    449.53
4/3,0,0,0 1813/D 1960/ASR
SFR/D
18932
Florwood AVE  $833,000  $    374.89
5/2,0,1,0 2222/A 1953/ASR
SFR/D
18328
Roslin AVE  $894,000  $    517.96
4/3,0,0,0 1726/B 1949/ASR
SFR/D
4345 W
190th ST  $985,000  $    321.90
4/4,0,0,0 3060/A 2006/ASR
TWNHS/A
2052
Artesia  $520,000  $    448.28
2/2,0,1,0 1160/A 2001/ASR
SFR/A
2603 W
166th PL  $605,000  $    395.68
4/1,1,0,0 1529/A 1955/ASR
SFR/D
2502 W
170th ST  $625,000  $    520.83
3/2,0,0,0 1200/A 1955/ASR
SFR/D
2618 W
180th ST  $645,000  $    338.23
4/3,0,0,0 1907/A 1956/ASR
SFR/D
18902
Haas AVE  $680,000  $    406.94
3/2,0,0,0 1671/A 1951/ASR
SFR/D
16403
Wilkie AVE  $689,000  $    662.50
3/1,1,0,0 1040/A 1951/ASR
SFR/D
2418 W
180th PL  $710,000  $    584.36
3/1,1,0,0 1215/A 1956/ASR
TWNHS/A
17510
Van Ness Avenue #5  $795,000  $    461.14
3/2,0,2,0 1724/B 2018/BLD
TWNHS/A
17508
Van Ness Avenue #4  $800,000  $    464.04
3/2,0,2,0 1724/B 2018/BLD
2454
Del Amo BL      $    805.00
1/1,0 650/A 1948
TWNHS/A
2160
Plaza Del Amo #178  $560,000  $    368.42
3/2,0,1,0 1520/A 1979/PUB
TWNHS/A
2714
Cabrillo AVE  $677,500  $    410.61
2/2,0,0,1 1650/A 2006/ASR
TWNHS/A
813
Van Ness AVE #B  $689,000  $    490.04
3/3,0,0,0 1406/A 2000/ASR
TWNHS/A
2444
Cabrillo AVE  $695,000  $    566.42
2/2,0,1,0 1227/D 2018/BLD
SFR/D
1308
Cota AVE  $700,000  $    628.93
2/1,1,0,0 1113/A 1926/ASR
TWNHS/A
1800
Oak St. #519  $705,000  $    473.15
2/2,0,1,0 1490/A 2007/ASR
TWNHS/A
1800
Oak ST #103  $760,000  $    383.84
2/2,0,1,0 1980/A 2007/ASR
SFR/D
23305
Huber AVE  $740,000  $    439.43
3/2,0,0,0 1684/A 1948/PUB
SFR/D
1846
Reynosa DR  $765,000  $    467.03
4/2,0,0,0 1638/A 1948/ASR
SFR/D
2218 W
229th PL  $795,000  $    388.18
3/3,0,0,0 2048/A 1962/ASR
SFR/D
2155 W
235th PL  $927,900  $    388.89
4/3,0,0,0 2386/A 1974/ASR

5 Mortgage Musts for Torrance CA Homebuyers

There are a number of things a buyer needs to do to get a mortgage and the earlier these are done in the process the less stressful the process.  Knowing about your financing abilities eliminates many challenges and stresses that may come up in the home buyer process in Torrance and the loan process for any Southern California home.  Also see how a change in your rate can greatly impact how much of a home you qualify for.  Here are 5 essential steps to successfully navigating the mortgage process:

  1. Get pre-approved:  In a highly competitive housing market, it’s imperative to be pre-approved to give yourself the best chance of an offer being considered.  Most realtors and sellers won’t even consider an offer with financing if a preapproval letter isn’t included.
  2. Choose a realtor that can help mitigate appraisal problems.  A good realtor will meet the appraiser with the most current information in hand.  As a local real estate expert often knows more than the appraiser, the realtor may have insight and information not readily available to the appraiser.
  3. Know your credit score:    It’s not only important to have good credit and know your credit score, but equally important that your credit score stays the same throughout the escrow process.  No big purchases, no opening numerous new credit lines and no late or missed payments.
  4. Review the closing disclosure forms or CD.  Due to regulations, lenders must provide you with a closing disclosure at least 3 days before closing in order to see fees, details, etc.
  5. Make it through underwriting:  Before you get loan clearance and final approval, your mortgage has to go through the underwriting process.  Be ready and supply the underwriters with all requested documents quickly to avoid the stress of needing to ask the seller for extra time.  Most loan contingency periods are 21 days or shorter so time is of the essence in the loan process.

Torrance Alternative: Remodeled Single Family at 6439 Denmead

The living room area opens directly to the kitchen and dining areas as well as the sliders to the backyard.  The kitchen is the true showcase of

the home with quartz countertops, gleaming cabinetry, oversized kitchen island, black stainless steel appliances and custom LED lighting.  Perfect for entertaining, the kitchen offers plenty of room for family gatherings and neighborhood get togethers.   Sliders just off of the dining area make for the easy enjoyment of the great yard and patio areas and make for perfect indoor outdoor living.  The huge backyard offers an abundance of space from the large grassy yard to the mature avocado, tangerine, dwarf lemon, dwarf orange, persimmon trees to the raised garden beds.

6439 Denmead, Lakewood CA

This is the home you have been looking for.  From the moment you enter you’re struck by the bright and open concept layout perfect for today’s lifeastyle.  The home was recently expanded and extensively remodeled with no expense spared.  Enter through the beautiful glass front doors inset with decorative iron and into the expansive living room.  You are immediately struck by a sense of space found in only luxury homes. This custom redesign and remodel was inspired by the California lifestyle with open spaces and direct access to the oversize yard and patio with indoor outdoor living in mind.

  • Priced at $715,000
  • 3 Bedroom + office, 2 1/2 Bath
  • 1,850 Sq Feet
  • Huge 8000+ foot lot

With no direct neighbors off of the backyard the yard enjoys a fantastic level of privacy.  The home offers 3 spacious bedrooms including the beautiful master suite.  Enjoying great light with an abundance of windows and doors fronting the yard, the master suite offers the perfect retreat.  Dazzling master bath features include dual vanities, separate tub and frameless rain shower.  The additional two bedroom face the front of the home allowing great light and airflow with beautiful flooring, large windows and brushed nickel ceiling fans.  Hall bath enjoys beautiful tile work, frameless glass shower/tub and more.   Additional details in this wonderful home include a separate laundry room, power room off of the living area, large office area, new air conditioning unit, tankless water heater, solar power, and a two car detached garage.

Contact listing agent Keith Kyle with Vista Sotheby’s International Realty for more information or for a private showing.

5507 W 149th Place #11 in Fusion South Bay – Our Latest Listing

If you’re looking for a home in the West Torrance and North Torrance areas we may have an alternative:

5507 W 149th Place in Fusion South Bay

  • Listed for $847,500
  • 3 bedroom, 2 1/2 bath
  • 1,790 sq feet (based on builder specs…buyer to verify)
  • Gated community of Fusion South Bay

Welcome home to this stunning and rare 3 bedroom “J” floorplan in Fusion South Bay. This home was originally a model home & offers upgrades rarely seen in the community. This highly sought after layout offers all living spaces on a single level and the flexible floorplan allows for the layout to adapt to every lifestyle. Bathed in natural light with oversized windows and high ceilings throughout, the home offers a spacious and bright living room with built in entertainment center, recessed lights, custom designed/ fitted carpeting with beautiful tile flooring underneath, plantation shutters and more. Perfect for todays lifestyle, the living room open to both dining room and the the kitchen.   Contact listing agent Keith Kyle  or 310.251.2344 with Vista Sotheby’s International Realty for more info or for a private showing.

The stunning kitchen is the showcase of the home with upgrades throughout…granite counters, stainless appliances, 6 burner Wolf range and a large island perfect for entertaining. With 2 spacious bedrooms plus a beautiful master suite on the same level as the living spaces once inside it can feel more like a single family home. Master suite offers numerours upgrades including ceiling fan (a rare find in Fusion), custom tile work in the bathrooms, walk in closet and more. Additional features of the home include 2 car attached side by side garage, air conditioning and great privacy due to it’s location in Fusion. Fusion is a fantastic gated community with pool, spa, basketball court, playground and more and the Manhattan Beach adjacent location is just a short drive to the beach.

As Interest Rates Rise….how Does it Impact Torrance Home Buyers?

Many prospective home buyers are concerned with rising interest rates.  While the Torrance interest rates in 2018 are still historically very low, the concern is justified.  Higher interest rates mean reduced buying power.  With every slight rise in interest rates, the monthly payment increases reducing the price of a home that a buyer can qualify for.  See the chart below for an idea of how different interest rates impact monthly payment and what a buyer’s income needs to be to qualify.