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%

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

Home Sales and Median Home Prices in Redondo Beach for August 2016

By Keith Kylepark-plaza-plaza-del-amo-sign

August 2016 saw another strong month for homes throughout the South Bay and Torrance.  Torrance, CA reached a 179 homes sold in the month of August with a median home price of $645,000.  As of October 18th 2016 there are 151 active homes and income properties for sale in Redondo Beach and 173 homes currently in escrow.  The lowest price of the month was a one bedroom condo in a 55+ building at $215,000 with the highest sale a $1,225,000 for a single family home in the Southwood community of Torrance.  Of all the homes sold only one was a short sale or foreclosure showing just how much of a non factor short sales are becoming in Torrance.   View the current homes for sale in Torrance, CA or view a list of the homes sold in Redondo Beach and the South Bay in August.

City Homes
Sold
August
2016 Median
August
2015 Median
Year
over Year % Change%
Carson 56 $450,000 $430,000 4.7%
El Segundo 15 $1,075,000 $780,000 37.8%
Gardena 43 $470,000 $399,000 17.8%
Harbor City 24 $523,000 $450,000 16.1%
Hawthorne 47 $575,000 $493,000 16.8%
Hermosa Beach 22 $1,723,000 $1,389,000 24.%
Lawndale 16 $498,000 $437,000 13.8%
Lomita 23 $619,000 $510,000 21.4%
Long Beach 348 $463,000 $459,000 .8%
Manhattan Beach 36 $1,800,000 $1,923,000 -6.4%
Marina Del Rey 24 $1,059,000 $928,000 14.1%
Palos Verdes Estates 42 $1,412,000 $1,815,000 -22.2%
Playa Del Rey 16 $623,000 $560,000 11.2%
Rancho Palos Verdes 57 $1,065,000 $1,155,000 -7.8%
Redondo Beach 100 $968,000 $842,000 15%
San Pedro 70 $481,000 $475,000 1.3%
Torrance 179 $645,000 $585,000 10.3%
Westchester 44 $1,093,000 $890,000 22.7%

Torrance Short Sales Continue to Dwindle

As a short sale specialist I have tracked the short sale market for years and as Torrance is the largest city in the SouthForeclosure-sign Bay, it has been a very good indicator of how much of a factor short sales and bank owned homes have been on the local market.  Short sales first became a factor in mid 2007 with a high point in 2010.  In August of 2010 there were 159 active short sale homes for sale in Torrance.   Those numbers started to decline in April of 2011 and have continued downward to the current level which has seen an average of 4 homes for sale for the past few months.  What was a source of the “deals” sought by buyers is no longer putting downward pressure on the market and has basically ceased to be a factor. View short sale homes for sale on our distressed home site for Torrance and all of the South Bay

Torrance Alternative – 2209 Nelson in Redondo Beach CA

Although not in Torrance this is a Redondo Beach real estate listing that’s worth knowing about.

This better than new coastal craftsman is as beautiful on the inside as the outside

2209-nelson-redondo-beach and dramatically different than the standard Redondo townhome.  From the moment you see 2209 Nelson in Redondo Beach you’ll realize that this is unlike anything on the market.  Entering the home, you’ll be struck by the bright and open floorplan and attention to details. From the nine foot high ceilings,  6″ oak flooring to the El Dorado stone fireplace to the wainscoting and custom colors this home is designer perfect.  The lower level features a bright and open floorplan for today’s lifestyle and perfectly blends beach casual with modern luxury.  Ideal for entertaining the home features an open kitchen with granite counters, stainless appliances, Merillat maple cabinetry, center island and breakfast bar.  The kitchen opens to both the dining area and the spacious living 2209-nelson-living-room-entryroom.  Direct access to the private backyard and patio is ideal for indoor outdoor living.

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

Head upstairs to 3 beautiful  bedrooms plus the incredible master suite.  All bedrooms offer plantation shutters, vaulted ceilings, recessed lights, and all enjoy an abundance of natural light.  The master suite is a stunning retreat bathed in natural light, with vaulted ceilings, beautiful stone fireplace, private sitting area, balcony, and walk in closet.  The spacious master bath offers separate jacuzzi tub and shower, dual vanities, marble countertops and travertine flooring.  This beautiful home is a rare find in today’s market of cookie cutter homes.  View the 2209 Nelson photo gallery or visit the virtual tour.

  • $1,195,000
  • 4 bedrooms
  • 2 1/2 bathrooms
  • Fully detached – feels like a single family home
  • Beautiful kitchen with Merillat maple cabinets, Verde Butterfly granite, stainless appliances
  • Private patio and yard
  • 2,350 square feet (approx – buyer to verify)
  • Craftsman Style
  • Decorator perfect interior
  • Open Layout
  • Traditional floorplan

 

Play VisualTour

New Real Estate Website for the Hollywood Riviera

We’ve created a new website geared specificially to the Hollywood Riviera area of Torrance. The Hollywood Rivera is one of our favorite areas in all of the South Bay with great views, proximity to the beach, ideal weather, a wonderful neighborhood feel, and somewhat restrictive building codes keeping the homes appropriate for the lot sizes and protecting the views.

To see real estate and homes for sale in the Hollywood Riviera visit out new real estate website.

Homes_in_the_Hollywood_Riviera_Website