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.

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%

 

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%

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%

August 2017 Home Sales and Home Prices for Torrance CA

Torrance saw a nice jump in home sales with a 154 recorded property sales for August of 2017.  Overall the South Bay trended up from the previous year in terms of median home prices with only a few local cities seeing a decrease in y over year prices.

Torrance saw a median home price of just under $700,000 and the numbers continue to trend upward.  To see all of the home sales in Torrance and the cities below visit our recent home sales page.

City Homes
Sold
August
2017 Median
August
2016 Median
Year
over Year % Change%
Carson 52 $470,000 $450,000 4.3%
El Segundo 15 $1,235,000 $1,075,000 14.9%
Gardena 53 $495,000 $472,000 4.9%
Harbor City 20 $521,000 $522,000 -.2%
Hawthorne 45 $583,000 $575,000 1.4%
Hermosa Beach 22 $1,358,000 $1,723,000 21.2%
Lawndale 17 $460,000 $498,000 -7.5%
Lomita 19 $610,000 $619,000 -1.5%
Long Beach 404 $490,000 $463,000 5.9%
Manhattan Beach 36 $2,230,000 $1,815,000 22.9%
Marina Del Rey 37 $940,000 $1,059,000 -11.2%
Palos Verdes Estates 37 $1,545,000 $1,413,000 9.4%
Playa Del Rey 27 $625,000 $623,000 .3%
Rancho Palos Verdes 60 $1,088,000 $1,065,000 2.2%
Redondo Beach 118 $975,000 $969,000 .6%
San Pedro 78 $572,000 $481,000 19%
Torrance 154 $698,000 $645,000 8.2%
Westchester 50 $1,180,000 $1,093,000 8%

Torrance Median Home Prices Up in July

What a month it was for home sales in Torrance and the South Bay.  Double digit year over year changes were the norm but there was really no sense to it with some cities seeing major increases over June of 2016 and some seeing just as major drops in home prices.

Real estate in Torrance CA was no different with another double digit jump for the median home prices compared with July of 2016. Torrance was actually a bit more moderate than other areas but still saw 113 homes close escrow in July with a median home price of just under $687,000  Click here to see the recent home sales in Torrance and the South Bay.

City Homes Sold July 2017 Median July 2016 Median Year over Year % Change%
Carson 60 $480,000 $445,000 8%
El Segundo 20 $1,055,000 $1,310,000 -19.5%
Gardena 65 $549,000 $454,000 21%
Harbor City 15 $439,000 $550,000 -20.2%
Hawthorne 35 $730,000 $562,000 30%
Hermosa Beach 19 $2,025,000 $1,410,000 43.6%
Lawndale 15 $515,000 $430,000 19.8%
Lomita 21 $598,000 $585,000 2.1%
Long Beach 331 $520,000 $471,500 10.3%
Manhattan Beach 48 $2,449,000 $2,200,000 11.3%
Marina Del Rey 36 $921,000 $974,000 -5.4%
Palos Verdes Estates 28 $1558,000 $1,800,000 -13.4%
Playa Del Rey 20 $613,000 $629,000 -2.5%
Rancho Palos Verdes 63 $1,345,000 $1,160,000 15.9%
Redondo Beach 95 $975,000 $920,000 6%
San Pedro 63 $542,000 $542,000 0%
Torrance 113 $687,000 $617,000 11.4%
Westchester 33 $1,185,000 $1,116,000 6.2%

Torrance Home Sales and Median Home Prices for June 2017

June was a big month for home sales in Torrance CA with a fairly huge number of homes selling.  The summer months are always an active market and this year was no different with 184 homes selling..  Thats well above the normal number of Torrance homes selling in a month.  Median home prices were up just a bit over June of the previous year with the median home in Torrance selling at $673,000.  Click here to track all of the important real estate trends for Torrance CA.

City Homes Sold June 2017 Median June 2016 Median Year over Year % Change%
Carson 61 $445,000 $450,000 -1.1%
El Segundo 15 $800,000 $1,135,000 -29%
Gardena 70 $461,000 $430,000 7.2%
Harbor City 19 $465,000 $547,000 -15%
Hawthorne 45 $592,000 $624,000 -5.1%
Hermosa Beach 26 $1,718,000 $1,274,500 34.8
Lawndale 12 $535,000 $519,000 3.1%
Lomita 18 $565,000 $555,000 1.8%
Long Beach 419 $523,000 $470,000 11.2%
Manhattan Beach 57 $2,467,000 $1,924,000 28.2%
Marina Del Rey 34 $968,000 $900,000 7.6%
Palos Verdes Estates 46 $1,679,000 $1,533,000 9.5%
Playa Del Rey 34 $683,000 $603,000 13.3%
Rancho Palos Verdes 75 $1,240,000 $1,200,000 3.3%
Redondo Beach 117 $969,000 $945,000 2.5%
San Pedro 82 $510,000 $500,000 1.9%
Torrance 184 $673,000 $635,000 5.9%
Westchester 42 $1,090,000 $1,050,000 3.8%

Torrance Home Sales in June of 2016 Post Huge Numbers

By Keith Kyle4818 Reese Road

The numbers are in and June 2016 was a big month in terms of both the number of homes sold and the prices.  Home prices were up year over year in every South Bay city other than Manhattan Beach and Torrance CA posted some very big numbers.  141 homes and properties sold in June at a very respectable median price of $640,000 which is higher than normal.  To see the homes sold in Redondo Beach for June 2016 view our recent sales information.

City Homes
Sold
June
2016 Median
June
2015 Median
Year
over Year % Change%
Carson 63 $450,000 $425,000 5.8%
El Segundo 17 $1,121,000 $888,000 26.2%
Gardena 47 $430,000 $399,000 7.8%
Harbor City 18 $547,000 $360,000 51.9%
Hawthorne 37 $624,000 $539,000 15.7%
Hermosa Beach 24 $1,248,000 $1,230,000 3.6%
Lawndale 13 $519,000 $450,000 15.2%
Lomita 16 $555,000 $530,000 4.7%
Long Beach 408 $470,000 $450,000 4.4%
Manhattan Beach 40 $1,962,000 $2,400,000 -18.25%
Marina Del Rey 32 $900,000 $810,000 11.1%
Palos Verdes Estates 39 $1,533,000 $1,500,000 2.2%
Playa Del Rey 22 $603,000 $610,000 -1.2%
Rancho Palos Verdes 75 $1,200,000 $1,110,000 8.2%
Redondo Beach 99 $950,000 $870,000 9.2%
San Pedro 79 $500,000 $472,000 6%
Torrance 141 $640,000 $597,000 7.2%
Westchester 44 $1,050,000 $923,000 13.8%

Torrance Home Sales Up in May of 2016

Torrance, CA saw a slight gain in year over year home prices in May with 138 homes sold this month at a median price of around $593,000 which was up from $579,000 the prior May.  138 homes is a very strong number for Torrance and shows that the market activity is continuing to pick up with more homes slowly coming on the market.  Click here to see the homes sold in Torrance for May of 2016.

City Homes
Sold
May
2016 Median
May
2015 Median
Year
over Year % Change%
Carson 57 $453,000 $410,000 10.4%
El Segundo 12 $802,500 $803,500 -.1%
Gardena 47 $425,000 $405,000 4.9%
Harbor City 26 $439,000 $415,000 5.8%
Hawthorne 39 $485,000 $525,000 -7.7%
Hermosa Beach 21 $1,285,000 $1,450,000 -11.4%
Lawndale 14 $455,000 $431,000 5.6%
Lomita 15 $488,000 $509,000 -4.1%
Long Beach 349 $485,000 $433,000 11.9%
Manhattan Beach 48 $1,875,000 $2,239,000 -16.2%
Marina Del Rey 31 $925,000 $918,000 .8%
Palos Verdes Estates 55 $1,499,000 $1,515,000 -1.1%
Playa Del Rey 24 $560,000 $615,000 -8.9%
Rancho Palos Verdes 58 $1,060,000 $1,100,000 -3.6%
Redondo Beach 96 $950,000 $845,000 12.5%
San Pedro 66 $489,000 $449,000 8.8%
Torrance 138 $593,000 $579,000 2.4%
Westchester 30 $1,130,000 $900,000 25.6%

80 Home Sales in Torrance CA for February

By Keith Kyle

With a shortened month, Torrance CA saw 80 homes sell in February 2015.  There was only one sale over $1,000,000 and the median home price for the month was $547,000.  See below for February’s home sales.

MLS Type Address  Price  Bed/Bath Sq Feet
SB15006037 SFR/D 19603 Mildred AV  $1,103,000 4/2,1,0,0 2111/P
14749597 CONDO 1229 223RD ST #111  $ 175,000 2/2,0,0,0 935
OC14253367 CONDO/A 23314 Sesame ST #A  $ 180,000 1/1,0,0,0 639/A
PW14225014 CONDO/A 1444 227th ST #24  $ 229,000 2/1,0,1,0 951/A
PW14235448 CONDO/A 806 Coriander DR #G  $ 230,000 2/2,0,0,0 864/AP
OC14215899 CONDO/A 1129 Sepulveda BL #M102  $ 250,000 2/1,0,0,0 796/A
SB14236883 CONDO/A 3030 Merrill DR #31  $ 295,000 1/1,0,0,0 870/A
14792761 SFR 1209 204TH ST  $ 309,000 2/1,0,0,0 576
SB14260692 COOP/A 3205 Merrill DR #24  $ 335,000 3/1,1,0,0 1500/S
SB14264078 COOP/A 3110 Merrill DR #63  $ 349,000 2/1,1,0,0 1350/E
SB15000850 SFR/D 22913 Alexandria AV  $ 351,000 3/2,0,0,0 995/A
SB14200657 COOP/A 3115 Merrill DR #38  $ 357,500 3/1,1,0,0 1514/S
SB15003781 CONDO/A 2603 Apple AV #103  $ 405,000 2/1,0,1,0 1064/A
PW14228328 SFR/D 1521 W 223rd ST  $ 410,000 2/2,0,0,0 1148/A
SB14205003 TWNHS/A 2517 Artesia BL #62  $ 415,000 2/2,0,1,0 1237/A
SB15004174 TWNHS/A 2419 Artesia BL #30  $ 420,000 2/1,1,1,0 1237/A
SB14233337 SFR/D 803 W 229th ST  $ 425,000 4/2,0,0,0 1302/A
SB14213025 SFR/D 1307 W 214th ST  $ 445,000 3/2,0,0,0 1280/A
SB14255374 SFR/D 4228 W 179th ST  $ 460,000 2/1,0,0,0 727/A
SB14246821 SFR/D 1157 Gian DR  $ 465,000 3/1,1,1,0 1763/A
SB14252047 TWNHS/A 3910 W 182nd ST #3  $ 471,500 2/3,0,0,0 1360/A
SB14260081 CONDO/A 21345 Hawthorne BL #308  $ 475,000 2/2,0,0,0 997/B
PV14190034 TWNHS/A 1609 W 224th ST #4  $ 475,000 3/2,0,1,0 2142/A
PV14257570 CONDO/A 5500 Torrance BL #C124  $ 490,000 3/2,0,0,0 1399/A
SB15014203 SFR/D 2092 Middlebrook RD  $ 491,000 3/1,1,0,0 880/E
PV15007902 CONDO/A 2563 Plaza Del Amo #209  $ 493,000 2/2,0,1,0 1165/A
DW14247498 SFR/D 4236 W 179th ST  $ 495,000 2/1,0,0,0 727/A
PV15026732 CONDO/A 2571 Plaza Del Amo #209  $ 499,900 2/2,0,1,0 1165/A
EV14238790 CONDO/A 2559 Plaza Del Amo #306  $ 505,000 2/2,0,0,0 1303/A
PW14263466 CONDO/A 2563 Plaza Del Amo #308  $ 505,000 2/2,0,0,0 1058/A
PV14238211 TWNHS/A 2700 Arlington AV #112  $ 511,600 3/2,0,1,0 1709/A
PV14221680 TWNHS/A 2716 Cabrillo (access on Border) AV  $ 518,000 2/2,0,1,0 1660/A
SB15001449 CONDO/A 2559 Plaza Del Amo #302  $ 525,000 2/2,0,0,0 1303/A
PW15001512 TWNHS/A 24001 Neece AV #2  $ 525,000 3/3,0,0,0 1539/A
SB15012498 TWNHS/A 2800 Plaza Del Amo #412  $ 529,000 2/2,0,1,0 1185/A
PV15024586 TWNHS/A 2971 Plaza Del Amo #231  $ 530,000 2/2,0,1,0 1186/A
SB15004175 CONDO/A 5500 Torrance BL #B215  $ 535,000 3/1,1,0,0 1270/A
SB15014696 TWNHS/A 2800 Plaza Del Amo #234  $ 535,000 2/2,0,1,0 1185/A
SB15003062 SFR/D 2719 166th PL  $ 542,000 3/2,0,0,0 1283/A
SB14252703 SFR/D 913 Lindencliff ST  $ 549,000 4/1,1,1,0 2493/A
SB14245508 TWNHS/A 2596 235th ST  $ 549,000 3/2,0,1,0 1687/A
SB14238832 SFR/D 4129 180th ST  $ 550,000 3/2,0,0,0 1201/A
SB14258715 SFR/D 1961 185th ST  $ 567,000 3/3,0,0,0 1661/A
PV14249618 TWNHS/D 1826 Torrance BL  $ 580,000 3/2,1,1,0 1814/A
TR14190641 SFR/D 3318 Artesia BL  $ 580,900 3/2,0,0,0 1657/S
15821817 SFR 19921 SALTEE AV  $ 591,000 3/1,0,0,0 1120
SB14262072 TWNHS/A 2648 Cabrillo AV  $ 605,000 3/2,0,1,0 1690/A
SB15006639 SFR/D 1542 Post AV  $ 610,000 3/3,0,0,0 2145/A
SB14264227 SFR/D 16702 Patronella AV  $ 619,000 3/2,0,0,0 1304/A
SB15006657 SFR/D 18008 Fonthill AV  $ 620,000 3/1,1,0,0 1539/A
SB14253058 SFR/D 4313 234th PL  $ 630,000 3/2,0,0,0 1539/A
SB15001060 SFR/D 3217 Opal ST  $ 630,000 3/1,0,0,0 1137/A
SB14234298 SFR/D 819 Cota AV  $ 630,000 2/2,0,0,0 869/S
PV14227587 TWNHS/A 2825 Plaza Del Amo #152  $ 633,000 3/3,0,0,0 2115/B
IN14202810 SFR/D 1317 Amapola AV  $ 635,000 3/1,0,1,0 1232/A
RS15010159 SFR/D 4134 177th ST  $ 645,000 3/1,1,0,0 1530/A
SB14172734 SFR/D 20813 Avis AV  $ 675,000 3/2,0,1,0 1514/A
SB15008223 SFR/D 1226 Teri AV  $ 680,000 3/1,1,0,0 1437/P
OC14253613 CONDO/A 1800 Oak ST #403  $ 680,000 3/3,0,0,0 2040/A
SB15008416 TWNHS/A 1800 Oak ST #510  $ 688,000 3/2,0,1,0 1950/A
SB14256859 SFR/D 4006 Merrill ST  $ 689,000 3/0,2,0,0 1230/A
OC14241562 SFR/D 22720 Fern AV  $ 690,000 3/2,0,0,0 1345/A
SB15001520 TWNHS/A 22527 Kent AV  $ 695,000 3/3,0,0,0 1876/A
AR14233945 SFR/D 2018 238th ST  $ 700,500 4/2,0,0,0 1836/A
SB15008915 SFR/D 20619 Annrita AV  $ 740,000 3/1,1,0,0 1188/A
SB14262626 SFR/D 5516 Greenmeadows ST  $ 779,000 3/2,0,0,0 1117/A
SB15009176 SFR/D 5013 Steveann ST  $ 790,000 3/1,1,0,0 1558/A
SR14241977 SFR/D 4038 179th ST  $ 800,000 5/1,1,1,0 2635/A
PV14204678 SFR/D 22708 Linda DR  $ 808,000 3/2,0,0,0 1064/A
SB14217510 SFR/D 2815 Sepulveda BL #27  $ 817,500 4/2,0,1,0 2354/A
SB14138988 SFR/D 4324 Highgrove AV  $ 820,000 3/1,0,1,0 1669/A
PV15014463 SFR/D 3029 Softwind WY  $ 849,000 4/3,0,0,0 2050/A
RS15013294 SFR/D 19609 Darien PL  $ 900,000 4/3,1,0,0 2016/A
SB15011172 SFR/D 4812 Sharynne LN  $ 920,000 2/1,0,0,0 924/A
15820357 SFR/D 4914 Paseo De Las Tortugas  $ 920,000 3/2,0,0,0 1900/A
SB14263716 SFR/D 2352 Santa Fe AV  $ 945,000 4/3,0,0,0 2832/A
15818997 CONDO 21345 HAWTHORNE #309  $ 495,000 2/2,0,0,0 910/A
SB14254351 TWNHS/A 1340 El Prado AV #39  $ 545,000 3/2,0,1,0 1311/A
SB14257361 SFR/D 18808 Cerise AV  $ 620,000 3/2,0,0,0 1556/A
SB15004566 TWNHS/A 2300 MAPLE AV #201  $ 641,000 3/2,1,0,0 1738/A