Torrance real estate trends Archives – Torrance real estate and homes for sale

Oh How Torrance Home Values Have Changed

October 19, 2014 by Keith Kyle

By Keith Kyle

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.

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Median home prices near $600,000 for August 2014

September 12, 2014 by Keith Kyle

By Keith Kyle

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.

July 2014 Median Home Prices in Torrance CA

September 8, 2014 by Keith Kyle

By Keith Kyle

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%

Real Estate Micro Market Update – Southwood Torrance

June 17, 2014 by Keith Kyle

Southwood Torrance Real Estate Update

By Keith Kyle

The neighborhood of Southwood in Torrance CA is a fantastic area with tree lined streets with primarily single family homes and a great community feel. Prices in this neighborhood, located just east of Redondo Beach, have seen steady increases since the beginning of 2013 and doesn’t show any signs of slowing down. Here’s a quick recap of the current real estate market conditions in this Torrance neighborhood.

Active Southwood Torrance homes for sale – 8
Lowest list price – $485,000 – 5500 Torrance Blvd #C121
Highest list price – $1,199,000 – 21213 Anza Ave
Average list price – $753,713
Average price per square foot – $483.68
Average Days on Market – 35
In escrow – 8
Total homes sold in 2014 YTD – 20
Average sales price – $627,688
Average price per square foot – $474.73

Welcome to Torrance Real Estate and Homes for Sale

April 17, 2014 by Keith Kyle

By Keith Kyle

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.


Search all Torrance Homes	West Torrance 90503	Southwood 90503

Hollywood Riviera 90277	Central Torrance 90503	South Torrance 90505

Walteria & Victoria Knolls 90505	North Torrance 90504	Old Torrance 90501

South East Torrance 90501 & 90505	Harbor Gateway & County Gateway	Plaza Del Amo

Seaside Ranchos South Torrance	Single Family Homes	Condos and Townhomes

Multi-Unit Investment – Duplexes	55+ Senior Condos and homes	Torrance Real Estate Map

Current homes for sale in Torrance California

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

North Torrance West Real Estate Statistics

March 4, 2014 by Keith Kyle

By Keith Kyle

As knowledge is critical in real estate, we hope that the information provided below will make the real estate market in the North West areas of Torrance easier to understand and the trends can make for educated decisions. Whether you are a buyer, or a seller, knowing what the market is doing and where it appears to be heading can make all of the difference in the world. If we can be of assistance in any way please don’t hesitate to contact us. You can view these trends for all Torrance CA neighborhoods.

View the current North Torrance – West Homes for Sale

The chart below shows the recent history of the number of active listings, pending home sales and closed escrows. The higher ratio of active to sold/pending listings shows a buyers market while lower inventory shows a sellers market.

The chart below shows the average price per square foot in North Torrance West. This includes all types of homes including condos, townhomes and single family homes

The chart below shows the percentage of sold price / list price at which an equal number of properties are sold above, equal or below the list price and it indicates how long it has taken to sell those properties.

The chart below shows the difference between the average price for sale in North Torrance and average price of the sold homes. It helps determine whether the market is a buyer or seller market. If the average listing price and average sold price are the closest, the area has the healthiest market.

The chart below shows the months of inventory for a particular month. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer’s market.

CURRENT NORTH TORRANCE WEST HOMES FOR SALE
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