To all of our friends, family and clients in Torrance and throughout the South Bay we hope you have a great day at the beach. Happy Labor Day!
Torrance CA Home Prices Continue to Rise in December
By Keith Kyle
The December numbers are in and if there was any thought that the real estate market in Torrance was slowing down or leveling the numbers certainly say otherwise.
The average home price in Torrance for the homes that closed escrow during December was $620,851* with a median price of $619,000*. Those are big numbers that still shows no sign of slowing or reversing. See the chart below for the December home sales numbers for Torrance and the South Bay for December of 2015.
*Based on MLS sales only. Does not include off market sales information
| City | Homes Sold |
December 2015 Median |
December 2014 Median |
Year over Year % Change |
| Carson | 73 | $360,000 | $365,000 | -1.4% |
| El Segundo | 10 | $949,000 | $735,000 | 20.2 |
| Gardena | 41 | $420,000 | $385,000 | 9.1% |
| Harbor City | 15 | $483,000 | $467,000 | 9.1% |
| Hawthorne | 35 | $508,500 | $667,750 | -23.8% |
| Hermosa Beach | 24 | $1,475,000 | $1,360,000 | 8.5% |
| Lawndale | 13 | $420,000 | $415,000 | 1.2% |
| Lomita | 16 | $520,000 | $490,000 | 6.1% |
| Long Beach | 339 | $456,000 | $395,000 | 15.4% |
| Manhattan Beach | 34 | $2,184,000 | $1,689,000 | 29.3% |
| Marina Del Rey | 31 | $905,000 | $759,000 | 19.2% |
| Palos Verdes Estates | 29 | $1,456,000 | $1,150,000 | 26.7% |
| Playa Del Rey | 17 | $605,000 | $482,000 | 25.5% |
| Rancho Palos Verdes | 48 | $1,170,000 | $1,135,000 | 3.1% |
| Redondo Beach | 89 | $836,250 | $770,000 | 7.3% |
| San Pedro | 72 | $517,500 | $492,000 | 5.2% |
| Torrance | 122 | $619,000 | $562,000 | 10.1% |
| Westchester | 34 | $951,000 | $807,500 | 17.8% |
So Where’s The Big Seasonal Increase in Homes in Torrance?
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.
The chart below shows the number of homes for sale represented by the light green bar. As of January 29th there are only 161 homes for sale in all of Torrance.
Torrance Home Inventory Continues to Decline in Early 2015
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.
Current Torrance CA Foreclosures and Short Sales
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.
Current Torrance short sales
| PW14096768 | CONDO/A | 22334 | Harbor Ridge LN #2 | FOR, NOD | $340,000 | 3/2,0,1,0 | 1980/ASR | 1553/A |
| CV14230210 | SFR/D | 1157 W | 225th ST #A | FOR, NOD | $639,000 | 5/3,0,0,0 | 2007/ASR | 3068/A |
| PV14142427 | TWNHS/A | 3090 | Newton ST | NOD, SPA | $629,000 | 2/3,0,0,0 | 2003/ASR | 1852/A |
| OC14157232 | SFR/D | 2693 | Hillside DR | FOR, NOD | $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
| 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 |
Torrance Sees Gain in Home Prices for November 2014
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% |