Torrance real estate and homes for sale
Search for homes in Torrance CA
One of the big misconceptions with home buyers, especially first time home buyers, is that you need at least 20% down. That’s often not the case with lenders offering FHA loans with as little as 3.5% down and traditional lenders funding loans with as little at 5%. The lower amount is much easier if it’s a single family home but there are options:
Torrance is the biggest city in the South Bay……but it’s certainly not the only city. The South Bay offers an abundance of housing options, diferent community experiences and even varying climates!
If Torrance CA isn’t the only neighborhood you might be interested in, click on any city, neighborhood or photo below to see a real estate website designed specifically to provide valuable information on that area. See the current homes for sale, recent home sales, market statistics, area maps, photos and more. We hope that our information can help you with your home search. If you want other information or would like our assistance with your search please don’t hesitate to contact Keith Kyle for all of your real estate needs.
We hope you’ll have everything you need to learn about these cities, communities and neighborhoods in the area.
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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.
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
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 |
**See updated information on 2020 real estate in Torrance
Torrance is far more than one uniform real estate market. With neighborhoods that range from sub $500,000 to homes in the multi millions, each area has it’s own localized market.
Visit Torrance Real Estate for more information on the community and market in Torrance CA
In general the real estate market seems to be slowing down heading into 2019. Demand is cooling with higher interest rates and a fairly regular slow down this time of year when people are busy with the holidays.
According to Torrance realtor Keith Kyle, “It’s clear that the market is cooling off as there has been an increase in new listings coupled with fewer sales and homes going into escrow since summer.” The chart above shows that the number of active listings has held pretty steady between 150 and 170 since summer, but the number of sold homes as well as new escrows has continued to decrease. If this trend continues the market will shift more in favor of buyers and less in favor of sellers. It’s clearly been a sellers market over the past few years.
The chart below shows the upward trend over the past few months with avarage “months of inventory” of unsold homes on the rise.
UPDATE – This home has been sold but there are other units for sale. Visit the homes for sale in The Village Redondo Beach for updated listings.
Welcome home to this luxury retreat and live the vacation lifestyle! This beautifully remodeled condo is the ideal beach retreat and the
community offers multiple pools and spas, oceanview deck, bbq area and access to the neighboring resort style pool, state of the art fitness center and market/restaurant. Perfect for those looking to buy instead of rent, those looking for a second home just seconds from the beach, and those that travel often and are looking for the perfect place to come home after a trip and sit back and relax…..610 The Village #202 is an ideal fit. Located just east of King Harbor and the Redondo Pier, this beautiful and rare ocean view studio is central to everything in the South Bay. The home was recently upgrated with granite counters, new stainless appliances, recessed lights, crown molding, new sliders to the patio, new carpet and new paint. Bathed in natural light the home feels much larger than the typical studio and much larger than the square footage would indicate. Enjoy beach breezes and ocean views from the home or the private balcony or head out for a stroll on the pier or along the beach.
Contact listing agent Keith Kyle with Vista Sotheby’s International Realty for more information or to set up a private showing.
Just as every community is different…..every home buyer is different as well. A recent survey provided some insight into California home buyers. See what is important to home buyers in Torrance and CA according to a recent CAR survey. Back to home buyer and seller tips.
Here’s some of what home buyers look for when choosing a neighborhood.
See the chart below for some other important details when choosing a neighborhood.