Torrance CA Real Estate Map

Torrance, California is a big city and it’s neighborhoods and areas vary considerably in the types of homes, feel of the neighborhood, and home prices.  As realtors, we search for homes by neighborhood so that we can best assist our clients to find the right type of homes in the right areas.  Below is a map used by realtors and used in MLS home searches.  The numbers coincide with the areas that we use to search and each has it’s differences and similarities.  The three areas that often cause confusion are area 128 the Hollywood Riviera and areas 122 and 123, Harbor Gateway and County Strip.  Much of the Hollywood Riviera actually has Redondo Beach, 90277, zip codes but the area is actually part of Torrance and services and schools are Torrance.  The County Strip and Harbor Gateway areas actually have Torrance zip codes but are serviced by the city of Los Angeles.  It’s distance from the beach, proximity to commercial and industrial, and the schools being LA Unified makes the homes significantly less expensive then the city of Torrance areas.

TorranceCA-Real-Estate-Map

To see the homes for sale in any and all of these areas visit our Torrance home search by area pages.

Why Victoria Knolls is the Secret Neighborhood in Torrance

By Keith KyleWest Torrance

One of the best kept secrets in all Torrance and the South Bay is the neighborhood of Victoria Knolls. Located in the area of Walteria, Victoria Knolls is located east of PCH and just east of Crenshaw Blvd. It is accessible by only one road and this factor gives it a sense of privacy, security and isolation. In addition the area is located on the north facing side of the Palos Verdes peninsula and often offers striking city lights views. Homes in the area generally start in the low $600,000’s for an original single family home and goes up from there depending on age, view, size and location. It offers a great and safe feel with tree lined streets, very little traffic, and a community that all seems to know each other.

Current Victoria Knolls Real Estate Homes for Sale

Victoria-KnollsMost people don’t even know the neighborhood exists and when they do accidentally stumble on it they can’t believe it’s a part of Torrance. As it’s up on the hill on the north side of the Palos Verdes Peninsula it’s nothing like the flat neighborhoods people think of when the envision Torrance.

 

Walteria and Victoria Knolls Torrance Real Estate Market Trends

When buying or selling homes in the Walteria and Victoria Knolls neighborhoods of Torrance, knowing and understanding the real estate market is critical to making the right decision. Real estate trends can help determine current values or even when the appropriate time to list and sell your  home. The information below is intended to help you get a better understanding of what is happening in the market. Sitting just east of the Hollywood Riviera and South Torrance, Walteria is a very community oriented area with most homes within walking distance to local schools, homes with appropriate sized lots and tree lined streets.  To see the actual prices and homes sold in Torrance last month visit our recent home sales page.

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.

The chart below shows the average price per square foot. Square footage in the South Bay often doesn’t mean as much as in other markets as values can vary so dramatically due to things such as proximity to the beach, views, specific neighborhoods.

The chart below shows the average days on market per month as well as the % of list price that homes sold at. A high % indicates a sellers market as home sell at, or above list price.

The chart below shows the average price for listed home sales in relation to the average price for sold homes.

The chart below indicates the months of home inventory based on closed home sales. Buyer’s market: more than 6 months of inventory Seller’s market: less than 3 months of inventory Neutral market: 3 – 6 months of inventory