Torrance real estate and homes for sale
Search for homes in Torrance CA
Well they say a picture is worth a thousand words. If that’s the case this quick video speaks volumes. It’s an absolutely stunning home in a breathtaking location with panoramic views of the ocean, coastline and harbor. For more information visit OceanfrontLuxuryLiving.com or OceanfrontExecutiveRetreat.com
See the full length property video for 4020 Bluff Place
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.
***Update***1643 Ford has sold. View the current homes for sale in the Golden Hills of Redondo Beach.
Welcome home to this wonderfully remodeled single family home in the Golden Hills of Redondo Beach. This beautiful home boasts a great split level floorplan that offers all three bedrooms on the same floor and a spacious and stylish interior. Features include a gorgeous kitchen with stainless steel appliances, granite counter tops, pendant lighting and an abundance of natural light. Custom paint and dramatic dark hardwood floors extend throughout the home giving the home a true designer feel. Beautiful master suite offers large customized closets, gleaming hardwood floors, newer doors and windows and a beautifully remodeled bath. The 2nd and 3rd bedrooms share another stylishly remodeled bathroom with custom tile and stone shower. Bedrooms are west facing and offer great natural light and sit high above the neighboring home to take full advantage of the coastal breezes. Spacious one car garage has a laundry area, direct access to the home, and a full size access door to the seemingly endless storage space underneath. In addition the ample street parking is a rare find in the Golden Hills! Just a few blocks from both the multi million dollar homes in Hermosa Beach and Manhattan Beach this home is the perfect starter home in a fantastic neighborhood.
Contact listing agent Keith Kyle of South Bay Brokers to set up a private showing.
The market in Torrance has continued to be very favorable to sellers with the demand so high and the inventory still considerably low. The
past 3 months have seen a slight increase in inventory which may be temporary or may be showing signs that the very beginning of a more balanced market is on it’s way. Keep in mind that Torrance is a big city and prices, demand, values, and trends can vary considerably throughout the city. The chart below shows the number of active Torrance homes for sale (light green bar) the number of homes that went into escrow (red line) and the number of homes sold in that month (teal bar). When the trend shows a monthly increase in homes for sale the market is heading towards a more balanced situation. At the moment it is very much a sellers market.
For buyers, and especially first time buyers, the chart below is a helpful tool to determine what price to offer. This is for all of Torrance and different neighborhoods vary, and certainly individual homes can be a different situation depending on what price is was listed at. For the month of September selling prices were within 3% of the list prices.
What does this mean?
For buyers this generally means that “going in low” is probably not the right strategy. Consult with your realtor as they should have a handle on what the value of the home should be and whether the asking price was set too high, or too low in the hopes of generating multiple offers and a potential bidding war.
Sitting between West Torrance and South Torrance is the wonderful neighborhood of Southwood. This small area also sits just east of
Redondo Beach and the proximity to the ocean means milder weather and great ocean breezes that other parts of the city don’t enjoy. Comprised mainly of 1940s and 1950s beach style bungalows, the area is still more affordable than some of the nearby beach cities while still having a certain charm lost in some of these other areas with oversized homes, makes a statement type architecture and over development. Some homes have gone the route of maximum square footage, but the majority still look like homes that belong in the neighborhoods and give homeowners a bit of space and separation. Although prices are still below neighboring South Redondo, they have risen dramatically in the past 2 years with most original smaller 3 bed/1 bath homes starting in the mid to low $600’s for fairly original, but nice condition, and the larger 3 bed/2 bath 1400 foot (many homes added a family room accounting for the extra square footage) selling anywhere from the mid to low $700s up to the low $900’s depending on location and condition.
What makes the area so special is the community feel, with an abundance of parks, dog parks and schools all within walking distance. A quick drive down just about any street says it all with pride of ownership being quite apparent. Manicured lawns, updated homes, tree lined streets and an abundance of neighbors walking the area makes for a great atmosphere. Contact us if you are interested in learning more about Southwood or would be interested in receiving free email updates with the latest listings.
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% |