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Torrance home sales for March of 2016

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By Keith Kyle

March was yet another very busy month for home sales in Torrance and the South Bay with home prices continuing to go up and the number of home sales rising as well.  The demand has been pretty overwhelming in certain areas such as West Torrance, South Torrance and the Hollywood Rivera and multiple offer situations selling over the list price being the norm.

Torrance saw 109 home sales in March of 2016 with the average list price of $648, 831 and the average sales price at $648,460 which again shows that very few homes are selling below list price….even in a market in which inflated prices are becoming more common.  The lowest priced home of the month was a 1 bedroom condo in the County Strip area (not actually part of Torrance but a Torrance P.O. making for much lower prices)at $172,900 and the most expensive was $1,160,000 for a 5 bed/4 bath, 3000 square foot single family home in the Hollywood Riviera.

Home Type Address Price Bed/Bath Sq Feet
SFR/D 2804 Alberta $400,000 2/1,0,0,0 780/A
CONDO/A 1444 Unit #5 W 227th ST #5 $295,000 2/1,0,1,0 1097/A
SFR/D 1606 W 216TH ST $310,000 2/1,0,0,0 732/
TWNHS/A 22533 S Vermont AVE #11 $343,000 2/1,0,1,0 1221/A
SFR/A 1560 W 210th ST $497,000 3/1,0,0,0 1071/A
SFR/D 20823 S Normandie AVE $525,000 4/1,1,0,0 1588/A
CONDO/A 820 Coriander DR #N $172,000 1/1,0,0,0 639/A
CONDO/A 20704 S Vermont AVE #9 $295,300 2/2,0,0,0 969/A
CONDO/A 20539 S Vermont AVE #2 $300,000 2/2,0,0,0 959/AP
CONDO/A 21834 S Vermont AVE #4 $330,000 2/2,0,0,0 934/A
TWNHS/A 22334 Harbor Ridge LN #3 $345,000 3/2,0,1,0 1549/A
SFR/D 20937 Menlo AVE $374,749 3/2,0,0,0 1096/AP
SFR/D 926 Gastine ST $420,000 4/2,0,0,0 1698/A
SFR/D 20821 S VAN DEENE AVE $475,000 3/2,0,0,0 1604/
SFR 1244 RITNER ST $494,000 3/2,0,0,0 1352/
SFR/D 21140 Berendo AVE $508,500 3/1,1,0,0 1339/A
TWNHS/D 1201 Ivy TER $575,000 3/2,0,1,0 1929/A
TWNHS/D 22330 Meyler ST #46 $585,000 4/2,0,1,0 2302/A
SFR/D 2907 Dalemead ST $670,000 3/1,0,0,0 1000/E
SFR/D 2619 Loftyview DR $763,000 3/2,0,0,0 1304/A
SFR/D 24424 Neece AVE $800,000 2/3,0,0,0 2010/A
SFR/A 3124 Singingwood DR $825,000 4/3,0,1,0 2507/A
SFR/D 2634 Brian AVE $922,750 4/3,0,1,0 2740/A
CONDO/A 3550 Torrance BLVD #517 $235,100 1/1,0,0,0 490/A
CONDO/A 3550 Torrance BLVD #110 $265,000 1/1,0,0,0 570/A
CONDO/A 2940 Carson ST #214 $385,000 2/1,1,0,0 935/A
CONDO/A 2605 Sepulveda BLVD #311 $450,000 2/2,0,0,0 1212/A
CONDO/A 2567 Plaza Del Amo #301 $512,000 2/2,0,1,0 1165/A
TWNHS/A 2800 Plaza Del Amo #92 $554,000 2/3,0,0,0 1088/A
TWNHS/A 2800 Plaza Del Amo #351 $555,000 2/2,0,1,0 1121/B
TWNHS/A 1729 Date AVE #4 $564,000 3/3,0,0,0 2112/A
TWNHS/A 2615 Plaza Del Amo #619 $615,000 2/2,0,1,0 1526/A
SFR/D 1014 Maple AVE $615,000 2/2,1,0,0 1748/A
TWNHS/A 2300 Maple AVE #176 $645,000 3/2,0,1,0 1721/A
SFR/D 2717 Monterey ST $655,000 3/1,1,1,0 1460/S
TWNHS/A 2621 Plaza Del Amo #524 $660,000 3/2,0,1,0 1696/A
TWNHS/A 2300 Maple AVE #207 $665,000 3/2,0,1,0 1738/A
SFR/D 2755 Sonoma ST $675,000 3/1,0,0,0 1118/A
TWNHS 2801 SEPULVEDA #33 $704,000 3/3,0,0,0 2009/
TWNHS 2825 PLAZA DEL AMO #167 $705,000 3/2,0,1,0 1839/
SFR/D 20440 Roslin AVE $751,000 4/3,0,0,0 2174/A
TWNHS/A 3538 Torrance BLVD #135 $770,000 3/2,0,1,0 2141/B
SFR/D 2540 Plaza Del Amo $820,000 4/3,0,0,0 2370/A
TWNHS/D 1728 Greenwood AVE #B $890,000 4/2,0,1,0 2401/B
TWNHS/D 1728 Greenwood AVE #A $900,000 4/2,0,1,0 2375/B
CONDO/A 22833 Nadine CIR #A $369,900 2/1,0,1,0 950/A
CONDO/A 22917 Maple AVE #B $425,000 2/2,0,0,0 1117/AP
SFR/D 3888 Bluff ST $775,000 3/3,0,0,0 1699/A
SFR/D 5328 Highgrove ST $833,000 3/2,0,0,0 1112/A
SFR/D 4317 Highgrove AVE $889,000 3/1,0,1,0 1666/A
SFR/D 4427 Newton ST $895,000 4/1,1,1,0 1886/A
TWNHS/A 3951 W 226th ST $710,888 3/2,0,1,0 1700/A
SFR/D 23304 Los Codona AVE $880,000 4/3,0,0,0 2290/A
SFR/D 5136 Zakon RD $890,000 3/2,0,0,0 1521/E
SFR/D 23209 Audrey AVE $920,000 4/1,2,0,0 2415/A
SFR/D 5502 Sunnyview ST $929,999 4/1,1,0,0 1236/A
SFR/D 3886 W 234th ST $940,000 5/1,1,1,0 2490/A
SFR/D 22202 Warmside AVE $980,000 3/2,0,0,0 1640/A
CONDO/A 21345 Hawthorne BLVD #210 $439,900 2/2,0,0,0 910/A
SFR/D 21706 Anza AVE $740,000 3/3,0,0,0 1227/A
SFR/D 4563 Sepulveda BLVD $759,000 4/2,0,0,0 1707/A
SFR/D 21909 Grant AVE $815,000 3/1,1,0,0 1214/A
SFR/D 4562 Cathann ST $850,000 4/2,0,0,0 2227/A
SFR/D 21621 Palos Verdes $850,000 3/2,0,0,0 1804/A
SFR/D 4635 Cathann ST $890,000 3/2,0,0,0 2178/A
SFR/D 5019 Scott ST $980,000 4/2,0,0,0 2112/A
SFR/D 21513 Redbeam AVE $1,155,000 4/2,1,0,0 2984/A
SFR/D 19330 Sturgess DR $828,000 3/1,1,0,0 1391/A
SFR/D 20813 Felker DR $940,000 3/1,1,0,0 1570/A
SFR/D 20032 Mildred AVE $990,000 4/1,1,0,0 1784/A
SFR/D 3235 W 170th ST $440,000 2/2,0,0,0 1266/A
SFR/D 3622 W 181st ST $510,000 3/1,0,0,0 1098/A
SFR/D 18316 Grevillea AVE $543,000 4/2,0,0,0 1280/A
SFR/D 18810 Cranbrook AVE $590,000 3/1,0,0,0 1053/A
SFR/D 18919 Patronella AVE $600,000 3/2,0,0,0 1157/A
SFR/D 3220 W 185th ST $600,000 3/2,0,0,0 1238/A
SFR/D 18322 Ermanita AVE $629,990 3/2,0,0,0 1734/A
SFR/D 18712 Kornblum AVE $650,000 3/1,1,0,0 1511/A
SFR/D 3645 W 172nd ST $675,000 3/1,0,1,0 1131/A
SFR/D 18035 Ermanita AVE $734,000 4/3,0,0,0 2150/E
SFR/D 3737 W 173rd ST $790,000 3/2,0,1,0 1801/A
SFR/D 16518 Daphne AVE $585,000 3/1,1,0,0 1719/A
SFR/D 16518 Spinning AVE $625,000 3/1,1,0,0 1166/A
SFR/D 2517 W 177th ST $625,000 3/1,0,1,0 1631/A
SFR/D 17315 Casimir AVE $760,000 4/2,0,0,0 2180/A
SFR/D 2804 ALBERTA ST $400,000 2/1,0,0,0 780/
CONDO/D 1301 Cabrillo AVE #409 $445,000 2/2,0,0,0 874/A
SFR/D 1912 W 222nd ST $545,000 3/1,0,1,0 1122/A
SFR/D 2835 Martha AVE $550,000 3/1,0,0,0 998/A
TWNHS/A 2145 Plaza Del Amo ST $552,000 3/2,0,1,0 1312/A
TWNHS/A 1918 Cabrillo AVE #B $559,000 2/2,0,1,0 1375/E
TWNHS/D 1012 Sartori AVE $599,900 3/2,1,0,0 1387/B
SFR/D 807 Cota AVE $620,000 2/1,0,0,0 792/A
TWNHS/D 2424 Gramercy AVE $735,000 3/2,0,1,0 2253/A
SFR/D 1923 Gramercy AVE $755,200 5/2,0,1,0 2073/P
SFR/D 2438 W 237th ST $570,000 2/1,0,0,0 911/A
SFR/D 1951 W 235th ST $600,000 3/1,1,0,0 1575/A
SFR/D 1803 Schilling CT $628,000 4/2,0,0,0 1485/P
SFR/D 23308 Huber AVE $630,000 3/2,0,0,0 1056/A
SFR/D 2140 W 236th PL $772,000 3/2,0,0,0 2125/A
SFR/D 2144 W 234th ST $780,000 3/1,1,1,0 1700/A
SFR/D 2437 W 231st ST $970,000 4/3,0,1,0 2952/A
SFR/D 18328 Falda AVE $500,000 2/1,0,0,0 1085/A

Torrance Housing Inventory Still Down But on the Rise

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By Keith Kyle

The real estate market in Torrance CA continues to be driven by the lack of homes for sale but for the third straight month we have seen an increase in the number of homes for sale.  Inventory has been on the rise since the low point in December but still far below the norm.  We have also seen an increase in the pending home sales over that same period of time and it appears that the inventory will continue to rise as we head towards the usually busy summer buying and selling season.  See all of the Torrance homes for sale or search by neighborhoods.  To see the most recent Torrance home sales visit our closed sale pages.

Neighborhood Spotlight – West Torrance Homes for Sale

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Welcome to West Torrance – 90503

By Keith KyleWelcome home doorway

Sitting just east of Redondo Beach and little further than a mile from the beach, West Torrance is a fantastic community with tree lined streets, award winning neighborhood schools that are often within walking distance, loads of great parks and all just a short drive to the beach.  Bordered by 190th to the north it enjoys mild coastal weather, proximity to shopping and dining, and has a wonderful community feel.

See the current homes for sale in West Torrance 90503

The homes in the area are generally 3 bedroom 1200 feet single family homes that are remodeled or updated and built in the 1940’s and 50s.  Unlike some of the nearby communities such as Manhattan and Hermosa Beach in which “mansionization” has become a big problem, west Torrance still retains much of it’s original charm and feel with the majority of the homes being appropriately sized for the lots.  Lot sizes range from around 5000 feet to larger 8000+ foot lots and all are highly sought after.  Prices have skyrocketed in the past several years with smaller 3 bed/1 bath homes nearing the low $700,000 with updated and expanded (many of the homes added a living room and bath in the distant past giving many homes square footage ranging between 1400 and 1700 feet) homes selling in the lower to mid $800,000s.  Although only 4 homes sold in November 2015 the average sales price was a whopping $951,000.

The many appealing factors to west Torrance are the numerous parks including Entradero, La Romeria, Sunnyglen and Victor, the fantastic schools of the Torrance Unified system including Lynn Middle School, Towers and Victor Elementary and West Torrance High School.  West High was even named to the Newsweek 500 top public high schools in the country.

Fed Opens Door to Rate Increase but Remains Wary on Growth – WSJ

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**Please note that this post was originally from 2015 and may no longer be relevant or up to date

The Federal Reserve offered several reasons it is still in no great rush to raise short-term interest rates and said it would move when it is reasonably confident that low inflation is on track to return to its 2% target.

Source: Fed Opens Door to Rate Increase but Remains Wary on Growth – WSJ

So Where’s The Big Seasonal Increase in Homes in Torrance?

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By Keith KyleEl Camino Village homes

As a realtor who has been doing this a while, I’ve come to expect a nice increase in houses for sale in mid to late January. As the holidays wrap up, football season ends, and everyone gets back to work, we generally see a nice increase in homes that hit the market. It can often set the tone for much of the year as and abundance of homes early in the year often seems to stabilize the market one way or another. Unfortunately 2015 hasn’t seen that increase as the number of active homes for sale continues to go down at a time when the homes for sale should be going up. It’s still early enough that sellers may yet be holding off for a week or two to put their homes on the market and it would be welcome relief for the home buyers sitting and waiting.

As of January 29th there are only 161 homes for sale in all of Torrance.

 

Torrance Home Inventory Continues to Decline in Early 2015

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By Keith Kyle

The housing inventory in Torrance, CA is continuing to shrink with the number of available homes for sale decreasing every month since July of 2014.    The first half of 2014 saw a month over month increase in the available homes peaking in the busy summer buying season but that momentum didn’t last.  The peak month of July saw 232 homes available which has gone down every month since.  As of this post there are currently 151 homes currently on the market in the South Bay’s largest city.  The chart below shows the monthly numbers for active homes for sale (light green) current escrows (red line) and closed home sales (dark green).  Please don’t hesitate to contact us with any questions about the market or to receive an updated list of the current homes for sale.