Many prospective home buyers are concerned with rising interest rates. While the Torrance interest rates in 2018 are still historically very low, the concern is justified. Higher interest rates mean reduced buying power. With every slight rise in interest rates, the monthly payment increases reducing the price of a home that a buyer can qualify for. See the chart below for an idea of how different interest rates impact monthly payment and what a buyer’s income needs to be to qualify.
Beautiful Historic Craftsman at 1323 Cota in Old Torrance – Sold
1323 Cota, Torrance CA 90501
**Update as this beautiful home has sold**
-
- $899,000
- 3 bedroom, 1 1/2 bath
- Huge 10,500+ foot lot
- 1,944 Sq Feet
This California Craftsman Executive Home is a magnificent, rare find. Built in 1914 on huge R2 lot near Nativity Church & Triangle Park, one of the most desirable parts of Historic Old Torrance. This 2 story home has fabulous bones & incredibly retains all its Historic charm and was recently featured in the Daily Breeze. The large front porch that tracks the entire width of the house is perfect for sitting on pleasant evenings. Original front door enters into a large living room with large fireplace. The office features the original built-in desk, a coat closet and is accessed through the original pocket doors. The formal dining room has a grand built-in hutch/buffet & wainscoting. A sunny breakfast room is connected to both the dining room & kitchen. The circular downstairs floor plan is great for entertaining with a separate area for the original staircase that wraps through the center of the house. Upstairs are two large bedrooms & another smaller 3rd bedroom. There are 2 separate two car garages in the rear off the alley. Two additional storage rooms are connected to the first garage. Huge 75′ x 140′ lot (10,500 sqft) has endless possibilities including another one story house (Check with City of Torrance Building Dept). Title & Records Search indicate that this house was once owned by Jarred Sidney Torrance. Truly one of Old Torrance’s best properties & a Once-in-a-Lifetime Opportunity to own a piece of local History. To appreciate this house and its craftsmanship you must see it yourself. Contact listing agent Keith Kyle with Vista Sotheby’s International for more information or for a private showing. 310.251.2344
The Do’s and Don’t Of Home Staging in Torrance
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.
November 2017 Median Home Prices in Torrance, CA
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.
To see the sold homes in Torrance CA visit our recent home sales page.
City | Homes Sold |
November 2017 Median |
November 2016 Median |
Year over Year % Change% |
Carson | 49 | $476,000 | $450,000 | 5.9% |
El Segundo | 12 | $1,243,000 | $816,000 | 52.3% |
Gardena | 52 | $533,000 | $504,000 | 5.7% |
Harbor City | 10 | $555,000 | $523,000 | 6.1% |
Hawthorne | 30 | $577,000 | $575,000 | .3% |
Hermosa Beach | 20 | $1,550,000 | $1,380,000 | 12.3% |
Lawndale | 18 | $515,000 | $393,000 | 31.2% |
Lomita | 11 | $599,000 | $473,000 | 26.8% |
Long Beach | 318 | $510,000 | $490,000 | 4% |
Manhattan Beach | 35 | $2,300,000 | $1,863,000 | 23.5% |
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% |
Redondo Beach | 79 | $955,000 | $900,000 | 6.1% |
San Pedro | 55 | $550,000 | $515,000 | 6.8% |
Torrance | 117 | $700,000 | $656,000 | 6.6% |
Westchester | 35 | $1,015,000 | $943,000 | 7.6% |
Torrance Home Sales and Median Home Prices for September
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% |
Carson | 55 | $511,000 | $462,000 | 10.5% |
El Segundo | 9 | $1,130,000 | $840,000 | 34.5% |
Gardena | 48 | $475,000 | $444,000 | 7.1% |
Harbor City | 22 | $553,000 | $465,000 | 19% |
Hawthorne | 46 | $595,000 | $558,000 | 6.6% |
HermosaBeach | 12 | $2,150,000 | $1,449,000 | 48.4% |
Lawndale | 15 | $490,000 | $479,000 | 2.3% |
Lomita | 12 | $576,000 | $593,000 | -2.9% |
Long Beach | 326 | $520,000 | $478,000 | 8.8% |
Manhattan Beach | 38 | $1,877,000 | $2,200,000 | -14.7% |
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% |
Redondo Beach | 86 | $1,021,000 | $1,035,000 | 20.8% |
San Pedro | 71 | $558,000 | $534,000 | 4.7% |
Torrance | 126 | $728,000 | $648,000 | 12.4% |
Westchester | 25 | $1,140,000 | $890,000 | 15.2% |
August 2017 Home Sales and Home Prices for Torrance CA
Torrance saw a nice jump in home sales with a 154 recorded property sales for August of 2017. Overall the South Bay trended up from the previous year in terms of median home prices with only a few local cities seeing a decrease in y over year prices.
Torrance saw a median home price of just under $700,000 and the numbers continue to trend upward. To see all of the home sales in Torrance and the cities below visit our recent home sales page.
City | Homes Sold |
August 2017 Median |
August 2016 Median |
Year over Year % Change% |
Carson | 52 | $470,000 | $450,000 | 4.3% |
El Segundo | 15 | $1,235,000 | $1,075,000 | 14.9% |
Gardena | 53 | $495,000 | $472,000 | 4.9% |
Harbor City | 20 | $521,000 | $522,000 | -.2% |
Hawthorne | 45 | $583,000 | $575,000 | 1.4% |
Hermosa Beach | 22 | $1,358,000 | $1,723,000 | 21.2% |
Lawndale | 17 | $460,000 | $498,000 | -7.5% |
Lomita | 19 | $610,000 | $619,000 | -1.5% |
Long Beach | 404 | $490,000 | $463,000 | 5.9% |
Manhattan Beach | 36 | $2,230,000 | $1,815,000 | 22.9% |
Marina Del Rey | 37 | $940,000 | $1,059,000 | -11.2% |
Palos Verdes Estates | 37 | $1,545,000 | $1,413,000 | 9.4% |
Playa Del Rey | 27 | $625,000 | $623,000 | .3% |
Rancho Palos Verdes | 60 | $1,088,000 | $1,065,000 | 2.2% |
Redondo Beach | 118 | $975,000 | $969,000 | .6% |
San Pedro | 78 | $572,000 | $481,000 | 19% |
Torrance | 154 | $698,000 | $645,000 | 8.2% |
Westchester | 50 | $1,180,000 | $1,093,000 | 8% |
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