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Torrance Home Prices for October 2019 – Real Estate Update

November 12, 2019 by Keith Kyle

The real estate market in Torrance was fairly typical for this time of year with 119 homes selling in October of 2019.  That’s a solid number and prices were strong as well.  The median list price for homes that sold was $725,000 and the median sold price was $741,000 indicating the continuation of a strong seller’s market.  As of this post there are 118 homes for sale in the various neighborhoods of Torrance.  The lowest price of the month was $282,000 for a 1 bedroom condo in the Harbor Gateway area (not technically Torrance but a Torrance mailing address) with the highest price of the month was $1.4M.  Median price per square foot for the month was at $501.62 and average days on market was just around 30. See the latest real estate trends and market statistics.

View the current homes for sale in Torrance CA

MLS # Type Address Sold Price $ per Foot Bed/Bath Sq Feet Year Sold Date
SB19123191 TWNHS/A 21741 Harvard BLVD #1 $470,000 $336.44 3/3,0,0,0 1397/A 1991/APP 10/3/2019
PV19191396 TWNHS/A 1611 W 208th ST #3 $512,600 $275.59 3/3,0,0,0 1860/A 2007/PUB 10/28/2019
SB19239550 SFR/D 1229 W 212th ST $541,000 $591.26 2/1,0,0,0 915/A 1954/PUB 10/25/2019
SB19218903 SFR/D 1649 W 222nd ST $586,100 $503.52 3/1,1,0,0 1164/A 1947/ASR 10/15/2019
SB19210449 SFR/D 21129 La Salle AVE $590,000 $656.28 2/1,0,0,0 899/A 1949/ASR 10/25/2019
SB19159614 SFR/D 1314 W 214th ST $594,000 $471.43 3/2,0,0,0 1260/A 1959/ASR 10/3/2019
SB19232246 SFR/D 20917 Normandie AVE $600,000 $364.52 3/2,0,0,0 1646/A 1951/ASR 10/21/2019
TR19213081 SFR/D 20836 Denker AVE $685,000 $382.68 3/1,1,0,0 1790/E 1952/PUB 10/30/2019
SB19170658 SFR/D 20903 Dalton AVE $702,605 $486.23 3/1,1,0,0 1445/A 1953/ASR 10/25/2019
SB19200431 SFR/D 20947 Halldale AVE $731,000 $472.22 2/2,0,0,0 1548/A 1952/ASR 10/10/2019
SB19150092 CONDO/A 23304 Sesame ST #J $282,000 $441.31 1/1,0,0,0 639/A 1973/ASR 10/16/2019
SB19213430 CONDO/A 21415 S. Vermont Avenue #61 $306,000 $552.35 1/1,0,0,0 554/A 1990/ASR 10/24/2019
SB19150161 CONDO/A 1109 Sepulveda BLVD #E201 $310,000 $501.62 1/1,0,0,0 618/A 1973/ASR 10/1/2019
PW19190626 CONDO/A 20545 S Vermont AVE #4 $318,500 $481.85 1/1,0,0,0 661/A 1982/ASR 10/4/2019
SB19209680 CONDO/A 20415 S Vermont AVE #8 $325,000 $496.94 1/1,0,0,0 654/E 1980/EST 10/10/2019
SB19207433 CONDO/A 21846 S Vermont Ave #5 $395,000 $422.91 2/2,0,0,0 934/A 1998/ASR 10/10/2019
SB19208712 CONDO/A 22346 Harbor Ridge LN #3 $396,250 $362.87 2/2,0,0,0 1092/A 1980/ASR 10/3/2019
SB19208757 TWNHS/A 23202 Sesame ST #G $415,000 $390.04 3/1,0,1,0 1064/A 1973/ASR 10/29/2019
19495982 SFR/D 740 W 219TH ST $422,000 $281.33 4/2,0,0,0 1500/E 1953 10/7/2019
PW19200990 TWNHS/A 22317 Harbor Ridge LN #5 $450,000 $349.65 3/1,0,1,0 1287/A 1979/ASR 10/2/2019
SB19202474 SFR/D 21145 Broadwell AVE $520,000 $418.01 2/1,0,0,0 1244/A 1954/ASR 10/10/2019
SB19117730 TWNHS/A 22320 Harbor Ridge LN #2 $521,000 $291.39 3/1,1,1,0 1788/A 1979/ASR 10/11/2019
SB19193960 SFR/D 1051 Greenhedge ST $575,000 $668.60 3/1,0,0,0 860/A 1953/ASR 10/31/2019
DW19181918 SFR/D 21520 Budlong AVE $595,000 $485.71 3/1,0,0,0 1225/A 1956/ASR 10/18/2019
SB19203622 SFR/D 22114 Kenwood AVE $618,000 $465.01 3/2,0,0,0 1329/A 1970/PUB 10/31/2019
OC19162432 SFR/D 928 Lindencliff ST $633,000 $338.14 3/2,0,0,0 1872/A 1967/PUB 10/18/2019
PV19188355 SFR/D 21312 Meyler AVE $650,000 $427.35 3/1,1,0,0 1521/A 1959/ASR 10/25/2019
PV19205360 TWNHS/D 1212 Valle CT $679,000 $359.07 3/3,0,0,0 1891/A 2005/ASR 10/1/2019
BB19209529 SFR/A 951 Sorock DR $680,000 $432.57 4/1,1,0,0 1572/A 1956/ASR 10/17/2019
PW19219372 TWNHS/D 22712 Meyler ST $700,000 $405.33 4/3,0,0,0 1727/A 2016/PUB 10/21/2019
SB19215326 CONDO/A 24542 Park ST $575,000 $563.17 2/2,0,0,0 1021/A 1984/ASR 10/22/2019
SB19210577 SFR/D 3127 Winlock RD $700,000 $815.85 2/1,0,0,0 858/A 1950/ASR 10/16/2019
SB19219614 SFR/D 2603 Grand Summit RD $750,000 $657.89 3/1,0,0,0 1140/A 1954/ASR 10/31/2019
SB19173503 SFR/D 3241 Cricklewood ST $795,000 $617.72 3/1,0,0,0 1287/SEE 1950/ASR 10/11/2019
SB19223401 SFR/D 2907 Dalemead ST $810,000 $810.00 3/1,0,0,0 1000/S 1952/ASR 10/24/2019
SR19198200 SFR/D 25925 Matfield DR $825,000 $662.12 3/2,0,0,0 1246/A 1955/ASR 10/29/2019
PW19153062 SFR/D 3507 Cricklewood ST $845,000 $549.06 3/2,0,0,0 1539/A 1951/ASR 10/11/2019
SB19214307 SFR/D 24238 Neece AVE $1,200,000 $424.03 4/2,1,0,0 2830/A 1972/ASR 10/30/2019
SB19180965 CONDO/A 2940 W Carson ST #217 $373,000 $466.25 2/1,0,0,0 800/A 1962/ASR 10/2/2019
SB19189544 CONDO/A 1745 Maple AVE #49 $430,000 $494.25 2/1,0,0,0 870/A 1963/ASR 10/7/2019
SB19086985 COOP/A 3210 Merrill DR #1 $435,000 $321.03 2/1,1,0,0 1355/SEE 1963/EST 10/24/2019
PW19177617 CONDO/A 2940 W Carson ST #234 $445,000 $438.42 2/1,1,0,0 1015/A 1962/ASR 10/31/2019
SB19147761 CONDO/A 2571 Plaza Del Amo #111 $495,000 $568.97 1/1,0,1,0 870/A 1985/ASR 10/11/2019
SB19234240 TWNHS/A 2615 Plaza Del Amo #638 $709,000 $464.61 2/2,0,1,0 1526/A 1987/ASR 10/30/2019
SB19194958 TWNHS/A 2595 Plaza Del Amo #418 $710,000 $458.36 3/2,0,1,0 1549/A 1986/ASR 10/8/2019
SB19203892 TWNHS/A 2801 Sepulveda BLVD #53 $799,000 $397.71 3/3,0,0,0 2009/A 1994/ASR 10/4/2019
PV19114928 TWNHS/A 2801 Sepulveda BLVD #123 $802,000 $424.56 3/2,0,1,0 1889/A 1996/ASR 10/9/2019
SB19115779 SFR/D 1203 TERI AVE $817,000 $458.99 4/3,0,0,0 1780/O 1951/ASR 10/2/2019
SB19177405 TWNHS/A 2801 Sepulveda BLVD #56 $820,000 $434.09 3/2,0,1,0 1889/A 1994/ASR 10/17/2019
SB19221274 SFR/D 1317 Greenwood AVE $885,000 $615.01 3/2,0,0,0 1439/A 1945/ASR 10/29/2019
SB19217237 SFR/D 826 Teri AVE $885,000 $671.98 3/1,1,0,0 1317/A 1951/ASR 10/22/2019
PV19133608 CONDO/A 24410 Crenshaw BLVD #312 $295,000 $397.04 1/1,0,0,0 743/A 1987/PUB 10/25/2019
19493760 CONDO 23026 NADINE CIR #A $427,000 $382.27 2/2,0,0,0 1117/ 1963/ASR 10/1/2019
PV19170904 CONDO/A 22732 Nadine CIR #A $485,000 $510.53 2/1,0,1,0 950/A 1963/ASR 10/4/2019
PW19190782 CONDO/A 22935 Maple AVE #B $530,000 $474.49 1/2,0,0,0 1117/A 1963/ASR 10/25/2019
PW19162631 SFR/D 2325 W 235th ST $800,000 $412.80 3/3,0,0,0 1938/A 1958/PUB 10/21/2019
SB19169218 SFR/A 22703 Eastwood ST $860,000 $567.66 3/2,0,0,0 1515/A 1954/ASR 10/4/2019
SB19185069 SFR/D 2707 W 232nd ST $1,020,000 $424.29 4/3,0,0,0 2404/A 1965/ASR 10/31/2019
SB19191589 SFR/D 3414 W 228th ST $1,072,000 $521.65 4/3,0,0,0 2055/A 1954/ASR 10/4/2019
SB19217438 SFR/D 22622 Juniper AVE $1,380,000 $517.24 5/1,2,0,0 2668/P 1963/PUB 10/25/2019
SB19224613 SFR/D 4414 Highgrove $820,000 $676.57 3/1,0,1,0 1212/A 1954/ASR 10/11/2019
IN19202984 SFR/D 4914 Pacific Coast $850,000 $750.88 3/1,0,1,0 1132/A 1953/SEE 10/25/2019
SB19130538 SFR/D 3898 Newton ST $965,000 $599.01 3/1,1,0,0 1611/A 1940/ASR 10/4/2019
PV19216333 SFR/D 23705 Susana AVE $1,105,000 $865.99 3/1,0,1,0 1276/A 1954/ASR 10/22/2019
SB19177109 SFR/D 5002 Paseo De Las Tortugas $1,177,500 $595.30 3/2,0,0,0 1978/A 1956/ASR 10/18/2019
PV19188809 SFR/D 22920 Galva AVE $748,000 $434.13 3/1,2,0,0 1723/A 1955/ASR 10/7/2019
SB19180228 SFR/D 5206 Vanderhill RD $785,000 $1,060.81 2/1,0,0,0 740/A 1949/ASR 10/25/2019
SB19143134 SFR/D 22430 Susana AVE $800,000 $738.01 3/1,1,0,0 1084/P 1952/ASR 10/11/2019
SB19180239 SFR/D 4528 W 231st ST $830,250 $728.29 3/1,0,0,0 1140/A 1954/ASR 10/29/2019
SB19220642 SFR/D 4615 Moresby DR $1,068,999 $753.88 3/2,0,0,0 1418/A 1951/ASR 10/29/2019
SB19200665 SFR/D 5444 Sharynne LN $1,400,000 $1,136.36 3/1,1,0,0 1232/A 1947/ASR 10/28/2019
SB19199638 SFR/D 23107 Audrey AVE $1,430,000 $386.90 4/4,0,1,0 3696/A 1990/ASR 10/29/2019
SB18284079 CONDO/A 5500 Torrance BLVD #A108 $670,000 $484.45 3/2,0,0,0 1383/A 1990/ASR 10/3/2019
SB19169552 SFR/D 21217 Palos Verdes BLVD $790,000 $679.86 3/1,1,0,0 1162/A 1955/ASR 10/30/2019
SB19105054 SFR/D 4001 Sepulveda BLVD $799,900 $701.67 3/2,0,0,0 1140/A 1956/ASR 10/25/2019
SB19189458 SFR/D 21921 Grant AVE $885,000 $776.32 3/1,1,0,0 1140/A 1956/PUB 10/21/2019
SB19206659 SFR/D 4701 Laurette ST $990,000 $660.00 3/1,1,0,0 1500/A 1955/ASR 10/8/2019
SB19240522 SFR/D 4735 Narrot ST $650,000 $580.36 3/1,0,0,0 1120/A 1954/ASR 10/10/2019
PW19163708 SFR/D 20004 Mansel AVE $805,000 $551.37 3/1,0,1,0 1460/A 1955/ASR 10/16/2019
SB19211243 TWNHS/A 3538 Torrance BLVD #155 $810,000 $456.85 3/3,0,0,0 1773/A 2005/PUB 10/22/2019
SB19191693 SFR/D 4702 W 191st ST $825,000 $751.37 3/1,0,0,0 1098/A 1954/ASR 10/7/2019
SB19187260 SFR/D 20111 Hawthorne BLVD $870,000 $780.27 3/2,0,0,0 1115/A 1954/PUB 10/28/2019
SB19210520 SFR/D 19417 Beckworth AVE $940,000 $849.91 3/1,1,0,0 1106/A 1954/ASR 10/11/2019
SB19144303 SFR/D 20617 Tomlee AVE $1,150,000 $793.10 3/2,0,0,0 1450/S 1959/ASR 10/29/2019
SB19151794 SFR/D 5532 Lorna ST $1,250,000 $466.59 4/3,0,0,0 2679/A 1993/ASR 10/8/2019
PV19108430 SFR/D 21018 Wendy $1,425,000 $419.61 4/3,0,1,0 3396/A 1996/ASR 10/24/2019
SB19203693 TWNHS/A 3743 Artesia BLVD $515,000 $530.93 2/2,0,0,0 970/A 1981/ASR 10/28/2019
PW19184607 SFR/D 3717 W 181st ST $680,000 $611.51 3/1,0,0,0 1112/A 1953/ASR 10/8/2019
SB19200720 SFR/D 4335 W 177th ST $695,000 $623.88 3/1,0,1,0 1114/A 1952/PUB 10/18/2019
SB19194006 SFR/D 3206 W 179th ST $731,000 $546.75 3/2,0,0,0 1337/A 1955/ASR 10/9/2019
SB19193684 SFR/D 3410 W 171st ST $745,000 $537.13 3/1,1,0,0 1387/A 1953/ASR 10/8/2019
SB19198298 SFR/D 18304 Ermanita AVE $750,000 $645.44 3/2,0,0,0 1162/A 1956/ASR 10/9/2019
SB19214693 SFR/D 17519 Delia AVE $760,000 $512.82 4/1,1,0,0 1482/A 1951/ASR 10/25/2019
SB19210036 SFR/D 3420 W 185th ST $771,000 $597.67 3/2,0,0,0 1290/E 1954/ASR 10/25/2019
PV19206502 SFR/D 3123 W 180th ST $775,000 $479.58 3/1,1,0,0 1616/A 1955/ASR 10/3/2019
SB19177906 SFR/D 18628 Prairie AVE $800,000 $511.51 3/1,1,0,0 1564/A 1961/ASR 10/11/2019
SB19200909 SFR/D 17227 Wilkie AVE $620,000 $732.00 2/1,0,0,0 847/A 1948/ASR 10/16/2019
SB19220898 SFR/D 16914 Purche AVE $683,725 $549.62 3/1,1,0,0 1244/A 1957/ASR 10/11/2019
SB19208688 SFR/D 17204 Haas AVE $725,000 $631.53 3/1,1,0,0 1148/A 1954/ASR 10/11/2019
SB19222738 SFR/D 17030 Wilkie AVE $785,000 $524.38 3/2,0,0,0 1497/A 1948/ASR 10/29/2019
SB19180318 SFR/D 18304 Taylor CT $860,000 $417.68 3/2,0,1,0 2059/A 1962/ASR 10/23/2019
SB19175388 CONDO/A 1211 Cabrillo AVE #303 $270,000 $482.14 1/1,0,0,0 560/A 1993/ASR 10/2/2019
SB19136017 CONDO/A 2700 Arlington AVE #103 $480,000 $380.35 2/2,0,0,0 1262/A 1982/ASR 10/21/2019
SB19197906 CONDO/A 2367 Jefferson ST #220 $590,000 $467.88 2/2,0,0,0 1261/A 2007/ASR 10/18/2019
SB19195932 SFR/D 650 Border AVE $619,000 $726.53 2/1,0,0,0 852/A 1925/ASR 10/3/2019
PW19224153 TWNHS/A 1800 Oak ST #501 $847,800 $432.55 3/3,0,0,0 1960/A 2007/ASR 10/17/2019
19511466 TWNHS 1800 OAK ST #407 $873,000 $447.69 3/3,0,0,0 1950/A 2007/ASR 10/28/2019
SB19177792 SFR/D 2314 W 229th PL $677,250 $357.77 3/2,0,0,0 1893/A 1972/ASR 10/15/2019
SB19207271 SFR/D 2445 W 236th PL $730,000 $790.04 3/1,0,0,0 924/A 1954/ASR 10/28/2019
SB19216681 SFR/D 23038 Huber AVE $741,000 $644.35 3/2,0,0,0 1150/A 1948/ASR 10/18/2019
SB19212999 SFR/D 2076 W 236th ST $750,000 $637.76 3/1,0,0,0 1176/A 1924/PUB 10/8/2019
319003532 SFR/D 2436 W 239th ST $760,000 $608.49 3/2,0,0,0 1249/A 1961/ASR 10/16/2019
SB19120203 SFR/D 2049 W 235th ST $800,000 $454.29 5/2,0,0,0 1761/A 1965/ASR 10/23/2019
SB19186387 SFR/D 2057 W 230th ST $838,000 $494.69 4/2,0,0,0 1694/A 1960/ASR 10/4/2019
SB19138198 SFR/D 2445 W 230th PL $870,000 $443.88 4/2,0,0,0 1960/A 1963/ASR 10/10/2019
SB19208761 SFR/D 2420 231st ST $950,000 $502.38 4/1,1,0,0 1891/A 1973/ASR 10/30/2019
SB19154461 SFR/D 2255 W 230th ST $1,200,000 $286.94 4/4,0,0,0 4182/A 1988/ASR 10/1/2019
PV19240067 SFR/D 1810 W 236th ST $1,255,000 $342.80 5/4,0,0,0 3661/A 2004/ASR 10/29/2019
PW19159063 TWNHS/A 1845 Plaza Del Amo #C $620,000 $552.58 2/2,0,1,0 1122/A 1991/EST 10/25/2019

Filed Under: Home Prices, Homes for Sale, Torrance CA real estate market, Torrance real estate trends Tagged With: home prices in torrance, torrance home prices, torrance home sales, torrance homes for sale, torrance real estate, torrance realtors

What’s happening in the Torrance Real Estate Market?

November 12, 2019 by Keith Kyle

Take a look at the charts below to get a better understanding of what’s happening in the Torrance real estate market.   We hope that getting an awareness of what the real estate market has been doing for the past 18 months can help make you a knowledgeable home buyer or seller in this great city.  See the current homes for sale in the various neighborhoods of Torrance.

For Sale, Sold and Pending Sales in Torrance CA

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

Filed Under: Buyers, Torrance CA real estate market, Torrance Real Estate, Torrance real estate trends, Torrance Realtors, Vista Sotheby's International Realty Tagged With: days on market in torrance, recent home sales in torrance, torrance homes for sale, torrance real estate, torrance real estate market, torrance real estate trends

Hollywood Riviera Home Sales and Home Prices for October

November 8, 2019 by Keith Kyle

The Hollywood Riviera in Torrance had a fairly typical month for October 2019.  There were 9 home sales during the month and all wereHollywood Riviera homes for sale single family homes.   The median list price for the closed sales was $1,200,000 with the median sales price of $1,177,500 indicating that it is still a solid seller’s market.  That does seem to be shifting somewhat with the playing field leveling just a bit.  The least expensive home sale during October was $820,000 for a 3 bedroom, 2 1/2 bath single family home at 4414 Highgrove and the most expenseive sale of the month was a Louis Tomaro designed home at 340 Via Colusa.  This home was of particular interest to us as we were the listing agents when the sellers purchased the home.

View the current homes for sale in the Hollywood Riviera

Hollywood Riviera Home Sales in October

SB19185312 SFR/D 123 Via Anita $1,350,000 $564.85 4/1,2,0,0 2390/A 1954/ASR 10/18/2019
SB19055980 SFR/D 143 Via Los Miradores $1,500,000 $575.15 3/1,1,1,0 2608/A 1985/PUB 10/4/2019
SB19216324 SFR/D 423 Via San Sebastian $1,600,000 $1,018.46 3/1,1,0,0 1571/A 1954/ASR 10/28/2019
PV19017943 SFR/D 340 Via Colusa $1,840,000 $718.75 5/4,0,2,0 2560/A 2004/ASR 10/31/2019
SB19224613 SFR/D 4414 Highgrove $820,000 $676.57 3/1,0,1,0 1212/A 1954/ASR 10/11/2019
IN19202984 SFR/D 4914 Pacific Coast $850,000 $750.88 3/1,0,1,0 1132/A 1953/SEE 10/25/2019
SB19130538 SFR/D 3898 Newton ST $965,000 $599.01 3/1,1,0,0 1611/A 1940/ASR 10/4/2019
PV19216333 SFR/D 23705 Susana AVE $1,105,000 $865.99 3/1,0,1,0 1276/A 1954/ASR 10/22/2019
SB19177109 SFR/D 5002 Paseo De Las Tortugas $1,177,500 $595.30 3/2,0,0,0 1978/A 1956/ASR 10/18/2019

Filed Under: Hollywood Riviera homes 90277, Home Prices, Homes for Sale, Redondo Beach, Torrance CA real estate market, Torrance Real Estate, Torrance real estate trends Tagged With: hollywood riviera home sales, hollywood riviera real estate, home prices in the hollywood riviera, home prices in torrance, torrance home sales

Recent Home Sales in The Communities of Plaza Del Amo

September 23, 2019 by Keith Kyle

Plaza Del Amo is a unique area in Central Torrance with an abundance of gated communities.  Although there are certainly complexesChatelaine townhomes Plaza Del Amo Torrance inTorrance that are similar there is no concentration of these single family, townhome and condo communities anywhere else.  It’s really a real estate market unto itself in the heart of Torrance.

The real estate market in the Plaza Del Amo area was solid once again for the month of August 2019 with 11 closed home sales during the month.  The lowest priced sale of the month was a 1 bedroom condo on Merrill selling at just under $400,000 with the high sale of the months being a 4 bedroom single family home on Cranbrook selling at $895,000.  View also the current homes for sale in the Plaza Del Amo communities of Torrance.

Plaza Del Amo Torrance August Home Sales

MLS Type Address Sales Price $ Per Foot Bed/Bath Sq Feet Year Close Date
SB19124068 CONDO/A 2559 Plaza Del Amo #208 $535,000 $508.56 1/1,0,1,0 1052/A 1984/ASR 8/1/2019
PV19116891 TWNHS/A 2800 Plaza Del Amo #239 $620,000 $569.85 2/2,0,1,0 1088/A 1988/ASR 8/2/2019
IV19127812 SFR/D 905 Faysmith AVE $890,000 $540.05 4/2,0,0,0 1648/A 1951/PUB 8/2/2019
SB19142190 TWNHS/A 2801 Sepulveda BLVD #122 $825,000 $455.55 3/2,0,1,0 1811/A 1996/ASR 8/6/2019
SB19150625 SFR/D 1633 Hickory AVE $880,000 $511.93 4/1,0,1,0 1719/A 1948/ASR 8/7/2019
SB19157610 TWNHS/A 2595 Plaza Del Amo #415 $668,000 $491.54 2/2,0,1,0 1359/A 1986/ASR 8/14/2019
PW19114607 SFR/A 1204 Cranbrook AVE $895,000 $473.54 4/2,0,0,0 1890/A 1951/ASR 8/21/2019
SB19181641 SFR/D 1719 Iris AVE $880,000 $451.75 4/2,0,1,0 1948/A 1957/ASR 8/26/2019
SB19163321 TWNHS/A 3101 Plaza Del Amo #23 $635,000 $466.57 2/3,0,0,0 1361/A 1986/ASR 8/29/2019
SB19150903 CONDO/A 3030 Merrill DR #39 $398,000 $457.47 1/1,0,0,0 870/A 1963/ASR 8/30/2019
819003245 SFR/D 1027 Kornblum AVE $809,000 $641.55 3/1,0,1,0 1261/P 1951/ASR 8/30/2019

Filed Under: Central Torrance 90503, Home Prices, Homes for Sale, Plaza Del Amo, Torrance CA real estate market, Torrance Real Estate, Torrance real estate trends, Torrance Realtors Tagged With: gated communities in torrance, home sales in the plaza del amo, plaza del amo home sales, torrance real estate

Home Buyers -Should You Try and Time the Real Estate Market?

April 16, 2019 by Keith Kyle

Should You Try to Time the Market?Torrance new constructions homes for sale

Many Torrance buyers I meet and work with are interested in waiting to buy until the market goes down or even better….at the bottom of the market. It is certainly natural to want to purchase a home, perhaps the largest and most significant purchase in one’s life, when you are confident that the price will not go down any further and when investment opportunities are at their highest. With the South Bay real estate market slowing down and some area housing markets getting hit on a number of fronts, including an over abundance of inventory, increasing foreclosures, higher interest rates, and more restrictive lending practices, whether to wait, and for how long, is a very important question.

The Economy and Buying a Home

There are times when the economy is humming and everyone feels confident about his or her prospects for the future. As a result, they spend money. They buy cars, they buy TVs, they go out to dinner more often and……

…They buy houses.

Then, for one reason or another, the economy slows down. Companies lay off employees and people become concerned about where they spend their money.  As a result, the economy slows even further.  When it real slows down we have a recession.  Although that’s certainly not the current situation and the economy is on fire, people still often think a dip or recession is just around the corner.

During such a time, fewer people are buying homes. Even so, some homeowners find themselves in a situation where they must sell. Families grow beyond the capacity of the home, employees get relocated, and some may even find themselves unable to make their mortgage payment.

Very Rarely Does One Time the Market Perfectly

Keep in mind that only a lucky few actually buy at the bottom or sell at the peak.  For most others they buy a home while the market is either going up or going down.  Trying to time it perfectly may mean missing out on a long term opportunity.  We know many folks who waited and waited until they were finally priced out of an area and then were kicking themselves for waiting for the perfect deal.

Back to buyer and seller tips and FAQS

Supply and Demand

In the current market sellers When the supply of available houses is greater than the supply of buyers, appreciation may slow and prices may even fall, as happened in the early eighties and the early to mid-nineties.

If you are lucky enough to purchase a home during a slow period, you can be reasonably certain the economy will begin to show strength again. At times, real estate values may even surge drastically.
The Reality

While the goal is always to maximize your investment by purchasing when prices are more affordable, trying to time the market is nearly impossible. Keep in mind that there are very few that get “lucky” and time the market…..most either buy on the way down, or when the housing market is on the way back up. One problem with attempting to time your purchase to the bottom of the market is that no one can accurately predict the future.

Why You Should Not Necessarily Wait

The current home buying environment generally works best for first-time buyers. People who already have a home usually need to sell it in order to buy their next one. If a “move-up” buyer wants to buy a home during a depressed market, that means they usually have to sell one during the slow market, too. If a seller wants to sell his home to take advantage of a “hot” market when prices are fairly high, they generally have to buy their next home during that same hot market.

My advice to my clients in this market is twofold. First, it is important to consider your situation carefully. If you are planning on owning a home for a while, price fluctuations are not quite as important and you’ll have the ability to ride out any downturn. In the meantime the money saved on rent over the next few years can be significant, as well as the tax breatk. Secondly, the current market offers buyers the opportunity to search for homes price well below market value and with a built in price proctection.

A Home Isn’t Just and Investment

For those buyers looking for a home and not just looking for an investment property, keep in mind that a home isn’t just an investment.  Owning a home can make a huge difference in someones life.  It’s where memories are made, friends are made, it’s picking a school system and friends for life.  If a home purchase is likely short term you have to look at the investment aspects first, but if it’s a long term purchase you must look beyond the immediacy of the “deal”

It tends to Balance Out

Finally, the business cycle can change over time. Since 1983, we have had two fairly long expansions with only a slight recession in between each. You would not want to wait nine years to buy a home, would you? You could miss out on a substantial amount of appreciation by waiting, and end up paying much higher prices.

Filed Under: Sellers, Torrance CA real estate market, Torrance Real Estate, Torrance real estate trends Tagged With: real estate strategies, timing the real estate market, torrance real estate

Torrance Real Estate Recap – 2018 Year in Review

January 15, 2019 by Keith Kyle

By Keith KyleTorrance homes for sale

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.

Homes Selling At or Above Asking Price

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

Days on Market Very Low

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

Filed Under: Buyers, Home Prices, Homes for Sale, Torrance CA real estate market, Torrance Real Estate, Torrance real estate trends, Torrance Realtors Tagged With: torrance homes for sale, torrance market update, torrance real estate, torrance real estate blog, torrance realtors

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