Torrance real estate and homes for sale

Search for homes in Torrance CA

Torrance Housing Inventory Still Down But on the Rise

by

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

by

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

by

**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?

by

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

by

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.

 

Current Torrance CA Foreclosures and Short Sales

by

Updated January 20th, 2015

While the number of distressed home sales in Torrance has dropped considerably in the past 2 years there are still a number of homes for sale at some stage of the foreclosure process.  Although these homes are not quite the bargains they were there are some homes that are still priced below market value due to the extra work and patience required by the home buyers.  The process has certainly gotten streamlined by the banks but they are still not as straightforward as traditional sales.

Current Torrance short sales

**this information is not up to date any longer

MLS# Type Address Type Price Bed/Bath Year Built Sq Feet
PW14096768 CONDO/A 22334 Harbor Ridge LN #2 FOR, NOD, SPAY $340,000 3/2,0,1,0 1980/ASR 1553/A
CV14230210 SFR/D 1157 W 225th ST #A FOR, NOD, SPAY $639,000 5/3,0,0,0 2007/ASR 3068/A
PV14142427 TWNHS/A 3090 Newton ST NOD, SPAY $629,000 2/3,0,0,0 2003/ASR 1852/A
OC14157232 SFR/D 2693 Hillside DR FOR, NOD, SPAY $899,900 4/3,0,0,0 1983/ASR 2698/A
14811725 SFR/D 3227 W 188TH ST SPAY $549,000 4/3,0,0,0 1950 1854
14797349 SFR/D 2701 W 182ND ST SPAY $450,000 2/1,0,0,0 1946 961
PW14211431 SFR/D 2756 Border AV SPAY $565,000 3/2,0,1,0 2003/ASR 2020/A

Current Bank Owned Homes and Foreclosures

MLS# Type Address Type Price Bed/Bath Year Built Sq Feet
SB14231286 SFR/D 1323 W 227th ST REO $369,900 4/2,0,0,0 1956/ASR 1377/A
DW15005743 SFR/D 2119 W 187th ST REO $508,300 3/2,0,0,0 1959/ASR 1420/A