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Torrance real estate and homes for sale

Search for homes in Torrance CA

Oh How Torrance Home Values Have Changed

October 19, 2014 by Keith Kyle

By Keith Kylepool-west-new

I received an odd phone call yesterday from a potential buyer that said she had been given a real estate flyer for a listing at 16808 Delia in North Torrance.  She said it was a well priced short sale and it was.  The only problem was that I sold this house at the beginning of 2012.  It had been a while since I thought of this house and upon pulling up the old listing I struck me just how dramatically the market has changed since then.  It was a very nice home, with a great yard and pool but unfortunately the owners were struggling and had to do a short sale.  We listed the home at $520,000 and it closed at $502,000.

What would it sell for now?

It would be just about impossible to find any single family home in that neighborhood, regardless of condition and size for that price in the current market.  That home that sold only 2 years ago would now sell for at least $750,000 which is simply incredible.  The speed with which the real estate market in Torrance and the South Bay was stunning and the changes to value equally unbelievable.

How Quickly we forget?

Another aspect of all this that struck me was just how short our memories can be.  Just 2 years ago there were so many homes with great prices and most buyers thought it would continue and go even lower.  These days the poor buyers that didn’t buy are priced completely out of neighborhoods that would have been very affordable.  The thought now is that it of course can only continue going up, but is that really the reality and has that much changed?  It’s certainly a great time to be a home seller, but not necessarily a great time to be a buyer.

[idx-listings community=”North Torrance West” statuses=”1″ propertytypes=”516″ orderby=”DateAdded” orderdir=”DESC” count=”10″]

Filed Under: Buyers, Home Prices, Short Sales and Foreclosures, Torrance CA real estate market, Torrance Real Estate, Torrance real estate trends Tagged With: Home values have changed dramatically in Torrance CA

Torrance Real Estate Map – Search Homes by Neighborhood

October 19, 2014 by Keith Kyle

Search current listings with our interactive Torrance real estate map.Torrance homes for sale

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 Torrance real estate 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.

The Neighborhoods of Torrance CA – Click any Area To Search the Homes for Sale

North Torrance homes West Torrance homes hollywood riviera homes Walteria Southwood Torrance homes OldT orrance South Torrance homes Southeast Torrance homes Central Torrance homes Harbor Gateway homes

Search Homes in Torrance Neighborhoods

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Filed Under: Buyers, Central Torrance 90503, County Strip, County Strip and Harbor Gateway, Hollywood Riviera homes 90277, Home Prices, Homes for Sale, North Torrance West, Old Torrance, Plaza Del Amo, Seaside Ranchos, South Torrance, Southwood, Torrance CA real estate market, Torrance homes for sale, Torrance Real Estate, Torrance Schools, Victoria Knolls, Walteria, West Torrance homes 90503 Tagged With: central torrance, hollywood riviera, map of torrance, marble estates, north torrance, old torrance, real estate map, south torrance, southwood, walteria, west torrance

Median home prices near $600,000 for August 2014

September 12, 2014 by Keith Kyle

By Keith KyleCraftsman homes in Old Torrance 90501

August was yet another big month for home prices in Torrance and the South Bay with  average home prices continuing to rise and the busy summer season continuing at a fairly torrid pace. Home sales were down from July due to the continuing lack of homes for sale.  Click any city and month below to see the full list of homes sold.  Contact us for more information on any of the homes.

August 2014 saw a total of 117 homes sold, down from 142 in July.  Of the 117 homes sold, 82 were single family homes, 16 were townhomes, and 17 were condos.  In addition there were 9 income properties (duplex, triplex, etc.) sold  as well as.  Of the 117 4 were short sales or foreclosures showing that the foreclosure market continues to dwindle and is a non factor in the current housing market.  The median home price was $600,000 up from $540,000 the prior month.

 

Filed Under: Home Prices, Homes for Sale, Short Sales and Foreclosures, Torrance CA real estate market, Torrance Real Estate, Torrance real estate trends Tagged With: median home prices in torrance, torrance homes for sale, torrance real estate

July 2014 Median Home Prices in Torrance CA

September 8, 2014 by Keith Kyle

By Keith KyleWelcome home doorway

July 2014 saw some big numbers in terms of both number of homes sold as well as median prices.  Torrance CA  had 142 sold homes at a median price of $540,000 which was down from the same month in 2013.  Most other South Bay cities also saw some significant year over year increases in prices with the other exceptions being  Marina Del Rey and Playa Del Rey.  To see the actual homes sales in each city visit our recent home sales price and information site.

City Homes Sold July 2014 Median July 2013 Median Year over Year % Change
Carson 48 $382,500 $350,000 9.29%
El Segundo homes 15 $872,000 $797,000 9.41%
Gardena 50 $385,000 $332,500 15.79%
HarborCity 13 $480,000 $465,000 3.23%
Hawthorne real estate 51 $505,000 $400,000 26.25%
Hermosa Beach homes 26 $1,230,000 $1,097,500 12.07%
Lawndale 8 $412,000 $331,250 24.38%
Lomita 13 $555,000 $452,000 22.79%
Long Beach 330 $400,000 $365,000 9.59%
Manhattan Beach homes 43 $1,795,000 $1,521,250 18.00%
Marina Del Rey 33 $757,500 $862,500 -12.17%
Palos Verdes Estates 51 $1,600,000 $1,291,000 23.93%
Playa Del Rey 23 $507,000 $512,000 -0.98%
RanchoPalos Verdes 54 $1,069,000 $1,100,000 -2.82%
Redondo Beach homes 97 $865,000 $758,000 14.12%
San Pedro 49 $440,000 $420,500 4.64%
Torrance 142 $540,000 $576,250 -6.29%
Westchester 48 $777,500 $715,000 8.74%

Filed Under: Home Prices, Torrance CA real estate market, Torrance Real Estate, Torrance real estate trends Tagged With: homes for sale, median home prices, number of sold homes, prices, real estate, torrance, torrance ca

Torrance Real Estate Explained – Hillside Overlay

May 5, 2014 by Keith Kyle

By Keith Kyle

Home with "flags" marking outline of proposed addition
Home with “flags” marking outline of proposed addition

A few of the many benefits of living near the beach are the wonderful ocean views and ocean breezes that make life here so unique.  These ocean views have immeasurable value from both a quality of life aspect as well as a significant monetary impact.  In many of the South Bay cities these views are unprotected and it’s not rare for a home’s stunning ocean views to disappear when the one story home next door gets torn down and new and much larger home replaces it.

Certain areas of Torrance are the exception. Primarily found in the Hollywood Riviera and Seaside Ranchos neighborhoods the city has incorporated much stricter building guidelines known as the “Hillside Overlay” area.  (see map below)

See the homes currently for sale in the Hollywood Riviera

In 1977, the Hillside Overlay Area was established in Torrance, CA in order to address issues concerning building, remodeling, and protecting views and privacy.  All new construction (meaning both new homes and expansions on current structures) are subject to review and input by neighbors including “flagging”  where a mock up of the future structure are marked with plastic flags  to approximate the outlines of any proposed addition to the structure prior to permit approval so that neighborhood input may be obtained.

Torrance Municipal Code Excerpt (Hillside Overlay)

The basics of the hillside overlay are as follows:  Upon receipt of the complete application, the Community Development Director shall set a date, time and place for a public hearing thereon as soon as practicable and shall send notice thereof to the owners of land included within a three hundred (300) foot radius of the exterior boundaries of the land for which the permit is sought

No construction and no remodeling or enlargement of a building or structure shall be permitted unless the Planning Commission (or the City Council on appeal) shall find that the location and size of the building or structure, or the location and size of the remodeled or enlarged portions of the building or structure, have been planned and designed in such a manner as to comply with the following provisions:

  1. The proposed development will not have an adverse impact upon the view, light, air and privacy of other properties in the vicinity;
  2. The development has been located, planned and designed so as to cause the least intrusion on the views, light, air and privacy of other properties in the vicinity;
  3. The design provides an orderly and attractive development in harmony with other properties in the vicinity;
  4. The design will not have a harmful impact upon the land values and investment of other properties in the vicinity;
  5. Granting such application would not be materially detrimental to the public welfare and to other properties in the vicinity;
  6. The proposed development will not cause or result in an adverse cumulative impact on other properties in the vicinity.

 

 

Filed Under: Buyers, Hollywood Riviera homes 90277, Seaside Ranchos, Sellers, South Torrance, Torrance CA real estate market, Torrance Real Estate Tagged With: flagging, hillside overlay, hollywood riviera, ocean views, protecting ocean views, seaside ranchos, torrance

Welcome to Torrance Real Estate and Homes for Sale

April 17, 2014 by Keith Kyle

By Keith KyleWelcome to Torrance 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.

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Current homes for sale in Torrance California


Click any MLS number above for details and photos of the home.

Filed Under: Buyers, Central Torrance 90503, County Strip, County Strip and Harbor Gateway, First Time Buyers, Hollywood Riviera homes 90277, Homes for Sale, Listing Agents, Luxury Homes, North Torrance West, Old Torrance, Plaza Del Amo, Pocket Listings, Seaside Ranchos, Sellers, Short Sales and Foreclosures, South Torrance, Southwood, Torrance CA real estate market, Torrance Real Estate, Torrance real estate trends, Torrance Realtors, Victoria Knolls, Walteria, West Torrance homes 90503 Tagged With: hollywood riviera, home prices, home search, home values, homes for sale, mls search, new listings, real estate, search for homes, torrance, torrance realtors

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