Torrance real estate and homes for sale

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What’s happening in the Torrance Real Estate Market?

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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.

For Sale, Sold and Pending Sales in Torrance CA

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

Homes We Like – 4079 Bluff Street, Torrance, CA 90505

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We’re always suckers for Cape Cod and Craftman homes but this is one we really liked. 4079 Bluff Street is basically a smaller beach bungalow done right. It offers 3 bedrooms, 2 baths and just under 1,400 square feet on an almost 5,000 foot lot. Originally built in 1948 it’s undergone a great transformation with a bright and beachy look and interior. They did a great job in keeping some of the original feel while both modernizing it and giving it far more charm. Listed with Nicole Reis of Palm Realty the home just came on the market at $1,175,000.

Contact us for more information or for a private tour.

Info and details of 4079 Bluff Street

Torrance Real Estate Recap – 2018 Year in Review

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By Keith KyleTorrance homes for sale

2018 was a banner year for real estate in Torrance CA. Demand was extremely high and prices continued to rise throughout the year with a slight drop towards the winter months which is not unusual.  The number of homes for sale really ramped up after spring from a low of 76 homes on the market in January to a high of 167 homes for sale in July.  There were 1,195 residential “on market” home sales in Torrance for the year.  These statistics do not include the homes in the Hollywood Riviera with Redondo mailing address but actually in Torrance.

Homes Selling At or Above Asking Price

One extremely impressive indicator of just how strong the market remained through the year was the % difference between list price and sold price (how close the sellers were to full asking price).  In seven of the months the average home sold at, or above the average list price and in the remaining 5 months they were within a percent or 2 of full list price.  That’s a sign of an extremely seller friendly market.

See the current homes for sale in Torrance

Days on Market Very Low

Another solid indicator was the average days on market with only topped 30 days once….in January of 2018.  Median prices for the year generally overed between $700,000 and $800,000.

Date January February March April May June July August September October November December
For Sale 76 78 88 111 144 149 167 165 149 164 165 119
New Listing 94 104 121 147 147 163 162 146 110 136 103 59
Sold 59 52 97 95 110 115 131 135 112 112 97 74
Pended 72 86 104 107 113 135 124 136 95 101 85 85
Avg. Active Price  $757.000  $749.000  $815.000  $820.000  $814.000  $780.000  $819.000  $809.000  $ 803.000  $771.000  $727.000  $724.000
Avg. Sold Price  $714.000  $739.000  $709.000  $739.000  $806.000  $747.000  $715.000  $721.000  $765.000  $744.000  $735.000  $766.000
Avg. Sq. Ft. Price (Sold) 488 484 484 483 503 504 482 495 497 469 495 494
Sold/List Diff. % 100 101 102 102 102 101 101 100 100 99 99 100
Sold/Orig LP Diff. % 99 100 101 101 102 101 100 99 100 98 98 98
Avg Days on Market 34 26 22 22 19 20 23 21 25 30 27 29
Median Sold Price 700,000 705,000 690,000 740,000 800,000 732,000 695,000 735,000 743,000 716,000 710,000 758,000

The Do’s and Don’t Of Home Staging in Torrance

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Home staging is an important part of the preparation process when selling a house.  Whether fully staging the home using a professional stager, or simply de-cluttering and adding something to the owners current furniture, staging can make the difference between a home selling quickly and sitting on the market.  Here are a few pointers to help prepare your Torrance home for sale.  If you have given any thought to selling your home in Torrance or the South Bay, we can help.  Contact us for information on how we sell homes or find the value of your home in Torrance CA.

Staging-Dos-Donts

 

Video Tour of 4171 W 172nd Street in Torrance CA

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Take a quick walkthrough the latest North Torrance listing from Keith Kyle of Vista Sotheby’s International.  To see the details of this charming single family home visit the MLS listing site.

For more information call/text us at 310.251.2344 or email at keith@keithkylehomes.com. We would be happy to set up a tour of the home.

 

What makes the Torrance real estate market so unique in the South Bay?

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By Keith KyleTorrance homes for sale

People often think of the South Bay as one large market but each individual city can mean an entirely different real estate market….just take a look at the monthly median home prices in the South Bay as an indication.

Each city is it’s own real estate market but Torrance is different.  As Torrance is the largest city in the South Bay it’s also the most diverse.  That’s especially true in terms of real estate and home values in Torrance.

What make Torrance so different is the variety of areas, and the diversity of both the homes and the prices.  Torrance is a city that has multi million dollar homes along the Bluff on Paseo De La Playa and also has some of the most affordable homes in all of the South Bay.

Search Torrance homes by area.

The sheer size of Torrance also makes a difference.  Stretching all the way from the ocean to east of the 110 freeway makes for an abundance of options not possible in any other city in the area.  This also allows for everything from single family homes, to condos to even co-ops (rarely seen in the South Bay).

It is definitely not a seen one seen em all type real estate market.