Welcome to our real estate recap for Torrance. This is just a brief overview of the market for the month. The number of homes that sold had a huge drop going from 123 closed home sales in May of 2019 to only 49 in May of 2020. The good news is that home prices were solid with a median sales price of $786,000 and an average price per foot of $514. The homes that sold averaged only 20 days on market. View a list of the homes that sold over the past month.
Torrance is one of the more diverse cities in the South Bay when it comes to housing options. Some of the least expensive homes can be found in Torrance as well as some of the most expensive. The highest prices are almost always found along the beachfront street known as Paseo De La Playa. 425 Paseo De La Playa has a Redondo mailing address but is actually serviced by the city of Torrance. While it’s hard to imagine a home can be a bit of a project at $12,000,000 the eventual buyer is likely to spend a healthy amount truly making this one of the more spectacular homes in the South Bay.
425 Paseo De La Playa is one of those rare legacy type homes. Perched on the bluffs above Torrance Beach, the home offers incredible and unblockable ocean views. The 28,000+ sq foot lot is unheard of in the South Bay and as with all of the homes along the west side of Paseo, the lots extend all the way to the beach, but this home has an enormous amount of land in front of the home as well. The gated entry and true estate feel make for endless possibilities.While this home is in need of some updating to truly make it a legacy home, the basics are all here.
Listing provided by John Tran and Martin Le of NextGen Team Realty
Torrance has an abundance of great parks but none really compare with the features and amenities of Wilson Park. It’s a sprawling patch of beautiful green open space in the heart of Torrance and across the street from the complexes of Plaza Del Amo. Located at 2200 Crenshaw Blvd 90501 the aminities and facilities are as diverse as they come. About the only thing it’s missing is an aquatics center.
They certainly have the usual features…..playgrounds, fields, etcl, but it really is much more of a “recreation center” than a park. Some of the many things to do at Wilson Park include:
- Basketball Courts
- Tennis Courts
- Paddle Tennis/Pickleball Courts
- Horseshoe Courts
- Sand Volleyball Courts
- Children’s Playground
- .91 mile Fitness Course
- Annenberg Tree House
- Electric Car Charging Stations
Also available to reserve:
- Picnic Areas
- Softball Diamonds
- Roller Hockey Rink
- Indoor Sports Center
- Outdoor Amphitheater
- Batting Cages
- Live Steamers ridable railroad
- Splash Pad (open April-December)
The park is just amazing with ample parking, playground areas, incredible and unique sports facilities, fields and more. What makes this so unique is some of the athletic areas unseen just about anywhere else. These include the usual softball, baseball, soccer fields and tennis and basketball courts but also include a roller hockey rink, futsal turf field, batting cages, a childrens summer water area and a small guage railroad offering actual rides!
Welcome to our quick real estate recap for April. Torrance definitely saw a drop in the number of home sales during the month with 81 closed home sales compared with 99 a year earlier. Compared with many other cities that saw almost a 50% drop from the year earlier this wasn’t bad at all. The average days on market was a very speedy 24 compared with 37 in 2019. The median sales price was $792,0000 and the average price per foot was $503. See more details in our full Torrance real estate trends and statistics area. See also the Torrance homes that sold in April.
Welcome to the good life in South Redondo. This beautiful townhome has everything…located just 2 short blocks to the ocean and minutes from the Redondo Pier and King Harbor, enjoy cool ocean breezes and near perfect weather. The home is in turn key condition offering an open layout and countless upgrades. It’s the perfect home and location for the active California beach lifestyle.
- 2 bedrooms, 2 1/2 bath
- 1,450 square feet
- 2 blocks to the beach
- 2 car attached garage
Information on 13025 Park Place #201
Video of 206 Ruby Street in South Redondo Beach
Welcome to the real estate trends and statistics for the North Torrance neighborhoods or 90504 homes for sale. Whether you are a buyer, or a seller, knowing what the market is doing and where it appears to be heading can make all of the difference in the world. If we can be of assistance in any way please don’t hesitate to contact us. You can view these trends for all Torrance CA neighborhoods or specifically for North Torrance – West .
The chart below shows the recent history of the number of active listings, pending home sales and closed escrows. The higher ratio of active to sold/pending listings shows a buyers market while lower inventory shows a sellers market.
The chart below shows the average price per square foot in North Torrance West. This includes all types of homes including condos, townhomes and single family homes
The chart below shows the percentage of sold price / list price at which an equal number of properties are sold above, equal or below the list price and it indicates how long it has taken to sell those properties.
The chart below shows the difference between the average price for sale in North Torrance and average price of the sold homes. It helps determine whether the market is a buyer or seller market. If the average listing price and average sold price are the closest, the area has the healthiest market.
The chart below shows the months of inventory for a particular month. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer’s market.
CURRENT NORTH TORRANCE HOMES FOR SALE
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(all data current as of 7/10/2020)
Listing information deemed reliable but not guaranteed. Read full disclaimer.