Setting the high water market for the month was the home in South Torrance at 5404 Reese Road. This is the Seaside Ranchos neighborhood also known as the Christmas Lights are. This was a beautiful home on a large lot allowing for just about everything….great square footage with 5 bedrooms while still allowing for both a sizable yard and swimming pool. See the other Torrance CA homes that sold in August.
Torrance real estate is picking up after a few, somewhat, slower months. June 2020 saw 95 home sales which was the highest number of home sales since December. The 115 homes in escrow was a dramatic jump from the 46 pending sales in April due to coronavirus slowdown.
The chart below shows the past 15 months with the number of closed sales (dark green bar), pending home sales (red line) and the number of active listings (light green bar).
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The Neighborhoods of Torrance CA
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November 2017 was a solid month for home sales in Torrance, CA. There were 117 homes, townhomes, condos and multi unit properties sold in the month at a median home price of $700,000 which was a 6.6% increase from the same month a year earlier. The number of sales was down slighty from October which saw 127 homes sell.
The lowest price of the month was $265,000 for a one bedroom condo with the highest priced sale of the month being $1,550,000 for a 4 bedroom single family home in South Torrance.
|Year over Year % Change%|
|Marina Del Rey||33||$925,000||$955,000||-3.1%|
|Palos Verdes Estates||27||$1,510,000||$1,550,000||-2.6%|
|Playa Del Rey||21||$710,000||$658,000||7.9%|
|Rancho Palos Verdes||31||$1,108,000||$1,088,000||1.8%|
September was another busy month in South Bay Real estate with a strong number of home sales along with some impressve prices. Torrance recorded 126 property sales with a median home price of just under $730,000. The lowest sale of the month was a sharp 1 bedroom condo on Sepulveda for $269,900 with the high sale of the month being a beautiful 4600 foot single family home in the Seaside Ranchos/Christmas Lights area which sold at $2,400,000. To see all of the homes sold in the South Bay in September visit our recent home sales page.
|City||Homes Sold||September 2017 Median||September 2016 Median||Year over Year % Change%|
|Marina Del Rey||24||$933,000||$900,000||3.7%|
|Palos Verdes Estates||43||$1,600,000||$1,4023,000||14.1%|
|Playa Del Rey||17||$753,000||$538,000||39.9%|
|Rancho Palos Verdes||52||$1,250,000||$1,035,000||20.8%|