Information is key to making sound real estate decisions. The information below should help you keep up with the market and provide valuable insight into where the market currently is and where it’s going in the future. See below for updated information such as number of active homes, pending sale, recent closed home sales and home prices for Torrance, Manhattan Beach, Hermosa Beach and Redondo Beach
August 2017 Home Sales and Home Prices for Torrance CA
Torrance saw a nice jump in home sales with a 154 recorded property sales for August of 2017. Overall the South Bay trended up from the previous year in terms of median home prices with only a few local cities seeing a decrease in y over year prices.
Torrance saw a median home price of just under $700,000 and the numbers continue to trend upward. To see all of the home sales in Torrance and the cities below visit our recent home sales page.
City | Homes Sold |
August 2017 Median |
August 2016 Median |
Year over Year % Change% |
Carson | 52 | $470,000 | $450,000 | 4.3% |
El Segundo | 15 | $1,235,000 | $1,075,000 | 14.9% |
Gardena | 53 | $495,000 | $472,000 | 4.9% |
Harbor City | 20 | $521,000 | $522,000 | -.2% |
Hawthorne | 45 | $583,000 | $575,000 | 1.4% |
Hermosa Beach | 22 | $1,358,000 | $1,723,000 | 21.2% |
Lawndale | 17 | $460,000 | $498,000 | -7.5% |
Lomita | 19 | $610,000 | $619,000 | -1.5% |
Long Beach | 404 | $490,000 | $463,000 | 5.9% |
Manhattan Beach | 36 | $2,230,000 | $1,815,000 | 22.9% |
Marina Del Rey | 37 | $940,000 | $1,059,000 | -11.2% |
Palos Verdes Estates | 37 | $1,545,000 | $1,413,000 | 9.4% |
Playa Del Rey | 27 | $625,000 | $623,000 | .3% |
Rancho Palos Verdes | 60 | $1,088,000 | $1,065,000 | 2.2% |
Redondo Beach | 118 | $975,000 | $969,000 | .6% |
San Pedro | 78 | $572,000 | $481,000 | 19% |
Torrance | 154 | $698,000 | $645,000 | 8.2% |
Westchester | 50 | $1,180,000 | $1,093,000 | 8% |
How Do I find Off Market and Pocket Listings in Torrance CA?
In this incredibly competitive real estate environment many homes are not even making it to the market. So how do you find out about these homes? First it’s important to understand just what we’re talking about.
What does off market or a pocket listing mean?
It can actually mean a few different things but in general, when we refer to homes sold off market or pocket listings these are homes that are never put on the MLS and therefore unknown to most buyers and many realtors. That means that searching the Redfins and Zillows of the world may mean that you’re not aware of these types of opportunities.
Why would a Torrance homeseller want to sell the home off market?
In general it’s not a great idea. Fewer buyers that know about the home usually means less competition and ultimately a lower sales price. That’s certainly not always the case but usually accurate to some extent. Sellers have many reasons for not wanting to put their home on the market. It may be due to privacy reasons such as not wanting the neighbor or even the tenant know that the home is for sale. It may be that they don’t want to deal with some of the hassles that come along with listing a home…..buyer’s and agents that want to show the home at all hours, open houses on the weekends and more people simply curious with few legitimate buyers. Whatever the reason it does limit the exposure and again usually limits the price.
That’s why it can be a good opportunity for buyers….less competition, fewer bidding wars which generally leads to a lower sales price.
How do I find out about these homes?
Unlike the MLS listings, off market, upcoming and pocket listings are much more elusive. The key is to work with an agent that has deep connections in the Torrance real estate market and community. Some of the top realtors in certain areas may share information on these hard to find opportunities and the larger or more numerous the seller and agent networks, the more information the agent can obtain.
We are happy to help you find off market homes in Torrance but this requires a good deal of work, considerable communication with sellers and agents and a readiness to act should the right home come available. If you would like us to help find off market opportunities and are not currently working with a realtor please feel free to text us at 310-251-2344 or email us with the details of your home search.
Torrance Median Home Prices Up in July
What a month it was for home sales in Torrance and the South Bay. Double digit year over year changes were the norm but there was really no sense to it with some cities seeing major increases over June of 2016 and some seeing just as major drops in home prices.
Real estate in Torrance CA was no different with another double digit jump for the median home prices compared with July of 2016. Torrance was actually a bit more moderate than other areas but still saw 113 homes close escrow in July with a median home price of just under $687,000 Click here to see the recent home sales in Torrance and the South Bay.
City | Homes Sold | July 2017 Median | July 2016 Median | Year over Year % Change% |
Carson | 60 | $480,000 | $445,000 | 8% |
El Segundo | 20 | $1,055,000 | $1,310,000 | -19.5% |
Gardena | 65 | $549,000 | $454,000 | 21% |
Harbor City | 15 | $439,000 | $550,000 | -20.2% |
Hawthorne | 35 | $730,000 | $562,000 | 30% |
Hermosa Beach | 19 | $2,025,000 | $1,410,000 | 43.6% |
Lawndale | 15 | $515,000 | $430,000 | 19.8% |
Lomita | 21 | $598,000 | $585,000 | 2.1% |
Long Beach | 331 | $520,000 | $471,500 | 10.3% |
Manhattan Beach | 48 | $2,449,000 | $2,200,000 | 11.3% |
Marina Del Rey | 36 | $921,000 | $974,000 | -5.4% |
Palos Verdes Estates | 28 | $1558,000 | $1,800,000 | -13.4% |
Playa Del Rey | 20 | $613,000 | $629,000 | -2.5% |
Rancho Palos Verdes | 63 | $1,345,000 | $1,160,000 | 15.9% |
Redondo Beach | 95 | $975,000 | $920,000 | 6% |
San Pedro | 63 | $542,000 | $542,000 | 0% |
Torrance | 113 | $687,000 | $617,000 | 11.4% |
Westchester | 33 | $1,185,000 | $1,116,000 | 6.2% |
Village Palos Verdes – Oceanview Townhomes in the Hollywood Riviera
Community Spotlight – Oceanview Townhomes of Village Palos Verdes in the Hollywood Riviera
For many, an oceanview home in the Hollywood Riviera is unaffordable. One option may be Village Palos Verdes located just south of Palos Verdes drive. Not only do many of the townhomes have great ocean views but the location is ideal with the community just a short walk to Torrance beach and Paseo De La Playa. The complex consists of approximately 180 units with current HOA (as of 12/21) around $505 a month. The street addresses for the homes in Village Palos Verdes are either Calle Mayor, Calle Miramar, Camino De Las Colinas or Palos Verdes Blvd.
The homes are located very close to Riviera Village shopping and downtown areas and are just a few blocks to Torrance Beach (yes Torrance has a beach).
The homes are a combination of 2 and 3 bedrooms generally on 3 levels ranging between 1350 square feet and 1905 square feet. All have attached garages. The townhomes were built between 1974 and 1978 with some still having a fairly original feel and some being extensively remodeled. The community offers a pool and spa and is ideally located just a few blocks from the beach. Click here to see the current homes for sale in the Hollywood Riviera and Village Palos Verdes. For many years the concern about the community had been the large special assessment needed to update and renovate the exteriors from the original wood siding. Those changes took place several years ago and the community now has a wonderful look and feel.
Current homes for sale in Village Palos Verdes*
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Torrance Home Sales and Median Home Prices for June 2017
June was a big month for home sales in Torrance CA with a fairly huge number of homes selling. The summer months are always an active market and this year was no different with 184 homes selling.. Thats well above the normal number of Torrance homes selling in a month. Median home prices were up just a bit over June of the previous year with the median home in Torrance selling at $673,000. Click here to track all of the important real estate trends for Torrance CA.
City | Homes Sold | June 2017 Median | June 2016 Median | Year over Year % Change% |
Carson | 61 | $445,000 | $450,000 | -1.1% |
El Segundo | 15 | $800,000 | $1,135,000 | -29% |
Gardena | 70 | $461,000 | $430,000 | 7.2% |
Harbor City | 19 | $465,000 | $547,000 | -15% |
Hawthorne | 45 | $592,000 | $624,000 | -5.1% |
Hermosa Beach | 26 | $1,718,000 | $1,274,500 | 34.8 |
Lawndale | 12 | $535,000 | $519,000 | 3.1% |
Lomita | 18 | $565,000 | $555,000 | 1.8% |
Long Beach | 419 | $523,000 | $470,000 | 11.2% |
Manhattan Beach | 57 | $2,467,000 | $1,924,000 | 28.2% |
Marina Del Rey | 34 | $968,000 | $900,000 | 7.6% |
Palos Verdes Estates | 46 | $1,679,000 | $1,533,000 | 9.5% |
Playa Del Rey | 34 | $683,000 | $603,000 | 13.3% |
Rancho Palos Verdes | 75 | $1,240,000 | $1,200,000 | 3.3% |
Redondo Beach | 117 | $969,000 | $945,000 | 2.5% |
San Pedro | 82 | $510,000 | $500,000 | 1.9% |
Torrance | 184 | $673,000 | $635,000 | 5.9% |
Westchester | 42 | $1,090,000 | $1,050,000 | 3.8% |
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