Video Tour of 4171 W 172nd Street in Torrance CA

Take a quick walkthrough the latest North Torrance listing from Keith Kyle of Vista Sotheby’s International.  To see the details of this charming single family home visit the MLS listing site.

For more information call/text us at 310.251.2344 or email at keith@keithkylehomes.com. We would be happy to set up a tour of the home.

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Beautiful Single Family Home Coming Soon to North Torrance

New listing coming in 2018.  This fantastic 3 bedroom 2 bath home with almost 1400 square feet has been updated throughout and offers an open floorplan that’s perfect for today’s home buyer.   This home offers many impressive features, including a large open living and dining room with recessed lighting and hardwood floors. The remodeled kitchen has quartz counters, great cabinet space ,pantry, breakfast area and stainless steel appliances. The oversized master bedroom features walk-in closets, recessed lighting, newer carpet, direct yard access throuogh the sliders, and a spacious master bath with custom tile, dual vanities and more.   Head through the sliding doors, and enter a beautifully landscaped back yard filled with flowers, grassy yard, fruit trees, and spacious patio that is ready for entertaining  friends and family.  The property located in the great neighborhood area of Torrance with easy access to shops and freeways and walking distance to the famous Galleria Shopping mall.   Contact Torrance listing agent Keith Kyle for more information.

 

The Incredible California and Torrance Real Estate Market

California real estate is absolutely incredible and the markets in the South Bay and Torrance is even more frenzied.  According to the CAR 2017 annual housing survey 60.4% of all homes listed received multiple offers and 32.9% sold over the list price!  Click here to see the latest Torrance real estate statistics including prices, days on market % of list price homes are selling for and more.

111 Homes Sales in Torrance for December 2017

Torrance California saw a pretty typical and solid month finishing out 2017.  The median home price was $670,000 for the South Bay’s largest city which was a slight increase from $650,000 in December the year prior.  There were another month of impressive sales, with 111 homes sold during the month.  This is slightly lower than normal but not unusal for December.  Click here to see the current homes for sale in Torrance or view our recent home sales in Torrance CA.

City Homes Sold December 2017  Median December 2016  Median Year
over Year % Change%
Carson 47 $486,000 $451,000 7.8%
El Segundo 11 $966,000 $985,000 -2%
Gardena 65 $515,00 $465,000 10.8%
Harbor City 17 $572,000 $621,000 -7.9%
Hawthorne 30 $545,000 $555,000 -1.9%
Hermosa Beach 15 $2,003,000 $1,440,000 39.1%
Lawndale 12 $448,000 $510,000 -12.3%
Lomita 10 $595,000 $519,000 14.5%
Long Beach 284 $497,000 $465,000 6.9%
Manhattan Beach 36 $2,250,000 $1,790,000 25.7%
Marina Del Rey 31 $1,075,000 $841,000 27.9%
Palos Verdes Estates 27 $1,342,000 $1,599,000 -16.1%
Playa Del Rey 9 $612,000 $588,000 4.2%
Rancho Palos Verdes 58 $1,050,000 $1,170,000 -10.3%
Redondo Beach 78 $1,018,000 $987,000 3.1%
San Pedro 58 $485,000 $515,000 -5.8%

Torrance

111

$670,000

$650,000

3.1%

Westchester 38 $1,005,000 $985,000 2%

 

Places We Like – Strand Brewing Company in Old Torrance

If you like craft beer and the feeling that you’re in a “locals” type place, you may want to visit the Strand Brewing Company tap room.    It’s not a fancy place but has that cool vibe that you’ve found something that the tourists don’t know about.  As it’s a working brewery it’s basically part of their warehouse and brewery with a few park bench style tables.  They have shuffle puck, those bean bag toss games and videos of surfing but that’s about it.  They could do with a few TV’s to give it a bit more of a “bar” feel but as that’s not really what it is…who am I to give advice.  They have a great variety of beers and the people are very friendly.

They usually have several great beers on tap (brewed about 20 feet away) and although they don’t serve food there are “guest” restaurants and food trucks a few times a week.    If a casual off the beaten track experience is what you’re looking for…this could be your place.

Strand Brewing Company

2201 Dominguez Street
Torrance, CA 90501
(310) 517-0900

November 2017 Median Home Prices in Torrance, CA

November 2017 was a solid month for home sales in Torrance, CA.  There were 117 homes, townhomes, condos and multi unit properties sold  in the month at a median home price of $700,000 which was a 6.6% increase from the same month a year earlier.  The number of sales was down slighty from October which saw 127 homes sell.

The lowest price of the month was $265,000 for a one bedroom condo with the highest priced sale of the month being $1,550,000 for a 4 bedroom single family home in South Torrance.

To see the sold homes in Torrance CA visit our recent home sales page.

City Homes
Sold
November
2017  Median
November
2016  Median
Year over Year % Change%
Carson 49 $476,000 $450,000 5.9%
El Segundo 12 $1,243,000 $816,000 52.3%
Gardena 52 $533,000 $504,000 5.7%
Harbor City 10 $555,000 $523,000 6.1%
Hawthorne 30 $577,000 $575,000 .3%
Hermosa Beach 20 $1,550,000 $1,380,000 12.3%
Lawndale 18 $515,000 $393,000 31.2%
Lomita 11 $599,000 $473,000 26.8%
Long Beach 318 $510,000 $490,000 4%
Manhattan Beach 35 $2,300,000 $1,863,000 23.5%
Marina Del Rey 33 $925,000 $955,000 -3.1%
Palos Verdes Estates 27 $1,510,000 $1,550,000 -2.6%
Playa Del Rey 21 $710,000 $658,000 7.9%
Rancho Palos Verdes 31 $1,108,000 $1,088,000 1.8%
Redondo Beach 79 $955,000 $900,000 6.1%
San Pedro 55 $550,000 $515,000 6.8%
Torrance 117 $700,000 $656,000 6.6%
Westchester 35 $1,015,000 $943,000 7.6%

Why You Should Have a Home Inspection When Purchasing a Home in Torrance

Why You Should Have a Home Inspection – Torrance Real Estate

Whether you’re buying an older home or new construction in the South Bay, a home inspection is an absolute necessity. A home inspection will assess the building code conformity as well as all the systems and structural components that make up the building, such as:

  • Structural elements, foundation, framing etc
  • Plumbing systems
  • Electrical systems
  • Heating and Cooling systems
  • Roofing
  • Cosmetic condition, paint, siding, etc.
  • General Environmental Issues.

When you’ve decided upon the South Bay home you want to buy and you’re about to sign the Offer To Purchase real estate contract, make sure there is an inspection contingency in that contract allowing you to get your own professional Home Inspection. “Pre-Selling” or “Pre-Listing” inspections are not common, however, in some cases, a savvy seller may have had their own structural inspection done which they usually will provide to a prospective home buyer. If they are wise, they will have arranged to have any discovered problems corrected.

However, I still insist that my buyer clients have his or her own independent inspection done. Normally, upon acceptance of the Offer To Purchase, you will have 17 days to have the inspection completed, analyze the report and respond to the seller. We will be your eyes and ears at the structural inspection should it not be possible for you to be present yourself.

In the event that hidden problems are revealed through the structural inspection process, you may do one of two things:

  1. If the inspection reveals conditions that change your desire to buy the home, you may terminate the purchase agreement by notifying the seller in writing and provide a copy of the inspection report disclosing the problems.
  2. You may submit a list of the problems discovered in the inspection report, known as a request for repair, to the seller and request that the seller make the necessary corrections and repairs before the deal is closed, or adjust the price accordingly.

The Inspection Report

When you interview a home inspector, ask him what type of report format he provides. There are several types of reports used by inspectors, such as computer generated reports, the checklist format and the narrative style report. Some reports are completed and generated on site and some may take up to a week to complete. There are good and bad points to all of these formats.

Make sure that the inspector will take pictures that explain their descriptions and potential problems.

Hire an inspector that gives detailed descriptions of the home and potential problems instead of vauge and easily missinterpreted descriptions.

“Bathroom Shower Enclosure: Condition – Minor wear, heavy wear, damaged, rust stains, or chips in enamel finish. Recommend sealing drain and pan at base of tile.”

As you can see, this narrative description includes a recommendation for repair. Narrative reports without recommendations for repairing deficient items may be difficult to interpret, should your knowledge of construction be limited.

Make sure, if you do not understand something, that you ask questions. Items in the inspection report that are not serious quite often can be interpreted by a nonprofessional to be a major factor. A good home inspector should be able to put things into perspective and answer all your questions. If for some reason a question cannot be answered at the time of the inspection, the inspector should research the question and obtain the answer for you.

Take the time to become familiar with your home inspection report. If the report has a legend, key, symbols or icons, read and understand them thoroughly. The more information provided to you about the property, the easier it will be to understand the overall condition. If possible, try to be present when the inspector is doing the inspection. You do not have to be there during the entire process, but if you can walk through with the inspector at the end so he can show you the findings of the structural inspection, you will learn a great deal about the home you are about to purchase.

Torrance Real Estate – By the Numbers

Information is key to making sound real estate decisions. The information below should help you keep up with the market and provide valuable insight into where the market currently is and where it’s going in the future.  See below for updated information such as number of active homes, pending sale, recent closed home sales and home prices for Torrance, Manhattan Beach, Hermosa Beach and Redondo Beach

New Listings

Active Listings

Pending Sales

Closed Sales

Days on Market

Price Per Foot

Average Sales Price

Torrance Home Sales and Median Home Prices for September

September was another busy month in South Bay Real estate with a strong number of home sales along with some impressve prices.  Torrance recorded 126 property sales with a median home price of just under $730,000.  The lowest sale of the month was a sharp 1 bedroom condo on Sepulveda for $269,900 with the high sale of the month being a beautiful 4600 foot single family home in the Seaside Ranchos/Christmas Lights area which sold at $2,400,000.  To see all of the homes sold in the South Bay in September visit our recent home sales page.

City Homes Sold September 2017 Median September 2016 Median Year over Year % Change%
Carson 55 $511,000 $462,000 10.5%
El Segundo 9 $1,130,000 $840,000 34.5%
Gardena 48 $475,000 $444,000 7.1%
Harbor City 22 $553,000 $465,000 19%
Hawthorne 46 $595,000 $558,000 6.6%
HermosaBeach 12 $2,150,000 $1,449,000 48.4%
Lawndale 15 $490,000 $479,000 2.3%
Lomita 12 $576,000 $593,000 -2.9%
Long Beach 326 $520,000 $478,000 8.8%
Manhattan Beach 38 $1,877,000 $2,200,000 -14.7%
Marina Del Rey 24 $933,000 $900,000 3.7%
Palos Verdes Estates 43 $1,600,000 $1,4023,000 14.1%
Playa Del Rey 17 $753,000 $538,000 39.9%
Rancho Palos Verdes 52 $1,250,000 $1,035,000 20.8%
Redondo Beach 86 $1,021,000 $1,035,000 20.8%
San Pedro 71 $558,000 $534,000 4.7%
Torrance 126 $728,000 $648,000 12.4%
Westchester 25 $1,140,000 $890,000 15.2%

Happy Halloween from Torrance Real Estate & Homes

From all of us at Torrancerealestatehomes.com, Keith Kyle Homes and Vista Sotheby’s International we wish you and yours a very happy and safe Halloween.  There are so many great areas throughout the South Bay to enjoy Halloween an we hope you have a great one.