Torrance real estate and homes for sale
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Wishing you and yours a very happy holiday season. From our family to yours we hope you have a wonderful holiday and Christmas. While it may not be a white Christmas living in Torrance, the South Bay is such a wonderful place to call home and there are so many great holiday activities in the community. To our friends, family, colleagues and clients…..Happy Holidays!
Keith Kyle
Take a look at the charts below to get a better understanding of what’s happening in the Torrance real estate market. We hope that getting an awareness of what the real estate market has been doing for the past 18 months can help make you a knowledgeable home buyer or seller in this great city. See the current homes for sale in the various neighborhoods of Torrance.
The chart below shows the average price per square foot. Square footage in the South Bay often doesn’t mean as much as in other markets as values can vary so dramatically due to things such as proximity to the beach, views, specific neighborhoods.
The chart below shows the average days on market per month as well as the % of list price that homes sold at. A high % indicates a sellers market as home sell at, or above list price.
The chart below shows the average price for listed home sales in relation to the average price for sold homes.
The chart below indicates the months of home inventory based on closed home sales. Buyer’s market: more than 6 months of inventory Seller’s market: less than 3 months of inventory Neutral market: 3 – 6 months of inventory
One of the more treacherous parts of an escrow is the home inspection and request for repairs. Often times the buyer thinks that the home inspection is a “checklist” of what needs to be fixed while the seller either thinks their home is perfect or “it was just fine for us so why does the buyer need things that work fine upgraded or repaired”. Finding middle ground isn’t always easy.
As the graphic below shows, 80% of home inspection reports show at least something needing to be fixed. We always recommend to both our buyers and sellers to be reasonable. On the buyer side stick to actual problems or repairs. If it’s an issue that the buyer will have to immediately pay for to have repaired…it’s a reasonable request. The biggest challenge items are either those called out as not up to current code, or items towards the end of their service life. Buyers need to understand that the statement “not up to current building code” does not mean it’s necessarily problematic. Codes change all of the time and unless it’s a clear safety issue, it’s usually best to stick with actual repairs. Items at the end of their service life really depend on the item, the cost and how extensive the rest of the repair list. We’ve found that asking for everything usually ends with the seller dismissing any repairs….even the reasonable ones.
Keith Kyle is a top producing realtor and Torrance real estate specialist with Vista Sotheby’s International Realty in the South Bay. Contact Keith for more information on how the home inspection and escrow process works in Torrance real estate.
Plaza Del Amo is a unique area in Central Torrance with an abundance of gated communities. Although there are certainly complexes
inTorrance that are similar there is no concentration of these single family, townhome and condo communities anywhere else. It’s really a real estate market unto itself in the heart of Torrance.
The real estate market in the Plaza Del Amo area was solid once again for the month of August 2019 with 11 closed home sales during the month. The lowest priced sale of the month was a 1 bedroom condo on Merrill selling at just under $400,000 with the high sale of the months being a 4 bedroom single family home on Cranbrook selling at $895,000. View also the current homes for sale in the Plaza Del Amo communities of Torrance.
| MLS | Type | Address | Sales Price | $ Per Foot | Bed/Bath | Sq Feet | Year | Close Date | |
| SB19124068 | CONDO/A | 2559 | Plaza Del Amo #208 | $535,000 | $508.56 | 1/1,0,1,0 | 1052/A | 1984/ASR | 8/1/2019 |
| PV19116891 | TWNHS/A | 2800 | Plaza Del Amo #239 | $620,000 | $569.85 | 2/2,0,1,0 | 1088/A | 1988/ASR | 8/2/2019 |
| IV19127812 | SFR/D | 905 | Faysmith AVE | $890,000 | $540.05 | 4/2,0,0,0 | 1648/A | 1951/PUB | 8/2/2019 |
| SB19142190 | TWNHS/A | 2801 | Sepulveda BLVD #122 | $825,000 | $455.55 | 3/2,0,1,0 | 1811/A | 1996/ASR | 8/6/2019 |
| SB19150625 | SFR/D | 1633 | Hickory AVE | $880,000 | $511.93 | 4/1,0,1,0 | 1719/A | 1948/ASR | 8/7/2019 |
| SB19157610 | TWNHS/A | 2595 | Plaza Del Amo #415 | $668,000 | $491.54 | 2/2,0,1,0 | 1359/A | 1986/ASR | 8/14/2019 |
| PW19114607 | SFR/A | 1204 | Cranbrook AVE | $895,000 | $473.54 | 4/2,0,0,0 | 1890/A | 1951/ASR | 8/21/2019 |
| SB19181641 | SFR/D | 1719 | Iris AVE | $880,000 | $451.75 | 4/2,0,1,0 | 1948/A | 1957/ASR | 8/26/2019 |
| SB19163321 | TWNHS/A | 3101 | Plaza Del Amo #23 | $635,000 | $466.57 | 2/3,0,0,0 | 1361/A | 1986/ASR | 8/29/2019 |
| SB19150903 | CONDO/A | 3030 | Merrill DR #39 | $398,000 | $457.47 | 1/1,0,0,0 | 870/A | 1963/ASR | 8/30/2019 |
| 819003245 | SFR/D | 1027 | Kornblum AVE | $809,000 | $641.55 | 3/1,0,1,0 | 1261/P | 1951/ASR | 8/30/2019 |
Click on any neighborhood below to see the current homes for sale in that area of Torrance. Explore North Torrance, Old Torrance, Plaza Del Amo, Southwood, Hollywood Riviera and more.
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Click on any “area” below to see the homes currently for sale in that neighborhood.
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