Torrance real estate and homes for sale
Search for homes in Torrance CA
**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
By Keith Kyle
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.
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.
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.
**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 |
By Keith Kyle
You don’t have to look far to see that investor owned “flipped” houses are a significant portion of the active home listings in North Torrance. Investors have long sought out homes in this area as many homes, most built post WWII in the late 1940’s and 1950’s, have not been updated in any significant way but are usually well built and structurally in good shape. Those factors, along with great schools and highly sought after neighborhoods, have made North Torrance a fairly ideal market with low inventory and prices on the rise since early 2013. Gone are the days of distressed sales and short sales, so the margins have grown much tighter but given the demand, expect to see an abundance of remodel and flipped property in 2015. Below are just a few of the recent flips but there are certainly others and will be more coming to the market. Contact us about any of these homes, to find out about upcoming remodels or to look for potential investment/”as is” opportunities.
It’s clear that the real estate market slowdown for the holidays didn’t start in November. At least not for the number of home sales and home prices in Torrance CA. Torrance posted another strong month with 99 sold homes at a median price of $575,000. To see the homes that sold in November visit our South Bay monthly home sales site.
| City | Homes Sold |
November 2014 Median |
November 2013 Median |
Year over Year % Change |
| Carson | 44 | $385,000 | $337,500 | 14.07% |
| El Segundo | 7 | $853,000 | $710,000 | 20.14% |
| Gardena | 36 | $394,000 | $366,000 | 7.65% |
| Harbor City | 16 | $450,000 | $343,750 | 30.91% |
| Hawthorne | 35 | $436,250 | $465,000 | -6.18% |
| Hermosa Beach | 12 | $1,050,000 | $1,089,000 | -3.58% |
| Lawndale | 12 | $432,500 | $320,000 | 35.16% |
| Lomita | 13 | $490,000 | $400,000 | 22.50% |
| Long Beach | 262 | $380,000 | $365,000 | 4.11% |
| Manhattan Beach | 40 | $1,900,000 | $1,987,000 | -4.38% |
| Marina Del Rey | 32 | $822,100 | $1,000,000 | -17.79% |
| Palos Verdes Estates | 21 | $1,860,000 | $1,300,000 | 43.08% |
| Playa Del Rey | 18 | $519,750 | $525,000 | -1.00% |
| Rancho Palos Verdes | 34 | $935,000 | $1,010,000 | -7.43% |
| Redondo Beach | 66 | $790,000 | $720,000 | 9.72% |
| San Pedro | 47 | $462,000 | $422,500 | 9.35% |
Torrance |
99 |
$575,000 |
$517,000 |
11.22% |
| Westchester | 27 | $805,000 | $749,000 | 7.48% |