We’re always suckers for Cape Cod and Craftman homes but this is one we really liked. 4079 Bluff Street is basically a smaller beach bungalow done right. It offers 3 bedrooms, 2 baths and just under 1,400 square feet on an almost 5,000 foot lot. Originally built in 1948 it’s undergone a great transformation with a bright and beachy look and interior. They did a great job in keeping some of the original feel while both modernizing it and giving it far more charm. Listed with Nicole Reis of Palm Realty the home just came on the market at $1,175,000.
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.
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.
|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|
Home staging is an important part of the preparation process when selling a house. Whether fully staging the home using a professional stager, or simply de-cluttering and adding something to the owners current furniture, staging can make the difference between a home selling quickly and sitting on the market. Here are a few pointers to help prepare your Torrance home for sale. If you have given any thought to selling your home in Torrance or the South Bay, we can help. Contact us for information on how we sell homes or find the value of your home 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.
People often think of the South Bay as one large market but each individual city can mean an entirely different real estate market….just take a look at the monthly median home prices in the South Bay as an indication.
Each city is it’s own real estate market but Torrance is different. As Torrance is the largest city in the South Bay it’s also the most diverse. That’s especially true in terms of real estate and home values in Torrance.
What make Torrance so different is the variety of areas, and the diversity of both the homes and the prices. Torrance is a city that has multi million dollar homes along the Bluff on Paseo De La Playa and also has some of the most affordable homes in all of the South Bay.
The sheer size of Torrance also makes a difference. Stretching all the way from the ocean to east of the 110 freeway makes for an abundance of options not possible in any other city in the area. This also allows for everything from single family homes, to condos to even co-ops (rarely seen in the South Bay).
It is definitely not a seen one seen em all type real estate market.
The real estate market in Torrance CA continues to be driven by the lack of homes for sale but for the third straight month we have seen an increase in the number of homes for sale. Inventory has been on the rise since the low point in December but still far below the norm. We have also seen an increase in the pending home sales over that same period of time and it appears that the inventory will continue to rise as we head towards the usually busy summer buying and selling season. See all of the Torrance homes for sale or search by neighborhoods. To see the most recent Torrance home sales visit our closed sale pages.