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

Home Sales are Up While Inventory Way Down in West Torrance

Keith Kyle15412_Roselle_Ave_living1 copy

Where did all the homes go in West Torrance?

Well the limited number of homes that were on the market all sold leaving inventory down once again.

The chart below shows the number of active listings (light green) sold homes (dark green) and pending home sales (red line) The greater the discrepancy between active homes and sold homes indicates a buyers market and when the numbers are closer a sellers market is indicated as inventory is down. February saw 13 homes close escrow with only 6 active homes for sale. As of April 17th there are 8 active homes for sale and 13 homes in escrow.

 

Torrance Housing Inventory Still Down But on the Rise

By Keith Kyle1310_Portola_Ave_frontdoor1 copy

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.

Welcome to Torrance Real Estate

By Keith KyleTorrance real estate

Welcome to Torrance real estate.  We have strived to offer the very best information and home search features on a local website designed specifically for Torrance home buyers and sellers.  As local Torrance and Redondo Beach real estate specialists we understand how unique Torrance is and how different and distinct the various areas can be.  From oceanfront homes in the Hollywood Riviera, to duplex and income properties in the County Strip area…..we can help.  Search for homes with our free Torrance MLS access or allow us to do the hard work for you with our FREE daily listing updates and know about new homes first.  Our website offers information on real estate markets and trends in each neighborhood, recent home sales and prices, current off market homes and MLS listings, short sales and foreclosures and information for home sellers to find out what their Torrance home is worth and how we have been so successful at marketing and selling homes in the area.  We hope that our website is a great place to start for all of your Torrance real estate needs.  Contact us as any time for questions or more information.

Torrance Real Estate Map

See the most recent listings below but browse through the menus above to search Torrance homes by neighborhood, price, or home type.

  • List View
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See all Real estate matching your search.
(all data current as of 2/21/2019)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

Seaside Ranchos A Great Combination of Neighborhood Feel and Beach Proximity

By Keith Kyle Exterior

Many buyers actively seek Torrance neighborhoods for the wonderful community feel, tree lined streets, great schools and family friendly vibe.  Nowhere is this more embodied than in the Seaside Ranchos area of South Redondo Beach.  The Seaside Ranchos neighborhood is often called the Christmas Lights area due to the annual show put on by the residents.  Sitting just North of Pacific Coast Highway as it turns inland near the Palos Valos Peninsula the neighborhood is a collection of beautiful homes on larger lots.  Most homes are generally updated and upgraded versions of the original beach homes built with fewer “McMansions” than in many other South Bay neighborhoods.   The majority of the homes offer 3 bedrooms and 2 bathrooms and due to the much larger lots than in most areas of Torrance often have fantastic backyards.  The tree lined streets offer a very safe and friendly feel and give the area it’s “Christmas Lights” nickname as all of the community trees are wrapped in white lights during the holidays and rare is the home that isn’t decorated with lights and decorations.  The area has become so popular during the holidays that traffic is restricted in the evenings and cars line up for seemingly hours to drive through the spectacular display.  Prices generally start in the low $800s and can price over the $2.0M mark for some of the most impressive homes on oversized lots.

Current South Torrance and Seaside Ranchos homes for sale

Sorry, but we couldn't find any results in the MLS that match the specified search criteria.

 

Vista Sotheby’s International and South Bay Brokers

When working with Keith Kyle, you get more than just the expertise and service of one person….you get the backing, support and global reach of Vista Sotheby’s International Realty, one of the most successful and reputable real estate companies in the South Bay.

While Vista Sotheby’s and South Bay Brokers merged in the summer of 2015, the new company still holds the values and founding principles.  Founded in 1985, South Bay Brokers had been an industry leader since it’s inception and continues today to be a leader in terms of expert, honest real estate in the South Bay. With offices in Manhattan Beach, Hermosa Beach, Redondo Beach, the Hollywood Riviera and Palos Verdes, Vista Sotheby’s agents are area experts in the cities of Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, El Segundo, Lawndale, Hawthorne, Palos Verdes and surrounding neighborhoods.

Serving all of your Torrance real estate needs. With offices in Manhattan Beach, Hermosa Beach, and Redondo Beach, we are your South Bay Realtors.

  • Manhattan Beach – 2501 N Sepulveda Blvd 2nd Floor, Manhattan Beach CA 90266
  • Hermosa Beach – Pier Avenue, Hermosa Beach CA 90254
  • Redondo Beach – 1640 S Pacific Coast Highway, Redondo Beach CA 90278
  • Riviera Village – 1801 S Catalina, Redondo Beach, CA 90277
  • Palos Verdes – 608 Silver Spur Road – Suite 103, PV Peninsula CA 90274

Founded in 1985, South Bay Brokers has been an industry leader since it’s inception and continues today to be a leader in terms of expert, honest real estate in the South Bay. With offices in Manhattan Beach and Redondo Beach, South Bay Brokers are area experts in the cities of Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, El Segundo, Lawndale, Hawthorne, Palos Verdes and surrounding neighborhoods. South Bay Brokers has recently become noted as short sale experts and can help both buyers and sellers through this rather challenging process.

South Bay Brokers sales volumeAt Vista Sotheby’s International we take pride in our consistently high sales volume, unquestioned ethics and deep community involvement – and have done so for the past 20 years. All of these winning qualities stand firm upon a strong, stable, enduring foundation provided by our founding Brokers, our dedicated agents, staff longevity, cooperative working environment and continuing education program.

If you’re looking to buy, to sell or just get a feel for the area, you’ve come to the right place. We are here to help.