Torrance real estate and homes for sale

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2 Great 55+ Condos for sale in Village Court, Southwood Torrance

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By Keith KyleVillage Court 55+ condos Torrance

Village Court, located at 21345 Hawthorne Blvd in the great area of Southwood Torrance may just be the nicest 55+ complex in the South Bay.  Located in a great part of Torrance, with an abundance of shopping and dining options just a short distance away, Village Court offers resort style living.

View the Current Village Court Homes for Sale

Amenities include a fitness center, clubhouse with billiards and social areas, a fantastic pool and entertainment deck with a sparkling pool and spa, outdoor dining areas, fireplaces, and BBQ areas.  Having been built in 2005, the complex and condos still feel very new and have the latest features such as open kitchens, granite counters, and more.

Torrance Real Estate Market Trends

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The market in Torrance has continued to be very favorable to sellers with the demand so high and the inventory still considerably low.  The1310 Portola in Old Torrance 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.

Neighborhood Spotlight – Southwood Torrance Homes

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Sitting between West Torrance and South Torrance is the wonderful neighborhood of Southwood.  This small area also sits just east ofTorrance luxury kitchens 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.

Current Southwood Torrance homes for sale

July 2014 Median Home Prices in Torrance CA

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By Keith KyleWelcome home doorway

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%

Torrance has a beach? Learn About This Great Stretch

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By Keith Kyle

If you look at a map of the South Bay it certainly appears that Torrance lies just east of Redondo Beach and the closest point to the ocean is a mile or two.  That’s not the case as the Hollywood Riviera, with it’s Redondo zip code and mailing address, is actually the city of Torrance with Torrance schools, services, and more.  Included in this small area is actually a beach affectionately known as “RAT” Beach.  It’s not as bad as it sounds as it actually is short for Right After Torrance but either way it’s a beautiful, yet short, stretch of coastline unlike anything in the neighboring cities of Redondo, Hermosa, and Manhattan.  Torrance Beach sits below the bluff of the Hollywood Riviera and those willing to walk just a bit get a great and somewhat private beach with views of Palos Verdes to the south and the more widely known Beach Cities to the north.  Torrance Beach basically starts where the Esplanade of Redondo turns into Calle Miramar at the start of the Hollywood Riviera.

Real Estate Micro Market Update – Southwood Torrance

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Southwood Torrance Real Estate Update

By Keith Kyle

The neighborhood of Southwood in Torrance CA is a fantastic area with tree lined streets with primarily single family homes and a great community feel. Prices in this neighborhood, located just east of Redondo Beach, have seen steady increases since the beginning of 2013 and doesn’t show any signs of slowing down. Here’s a quick recap of the current real estate market conditions in this Torrance neighborhood.

  • Active Southwood Torrance homes for sale – 8
  • Lowest list price – $485,000 – 5500 Torrance Blvd #C121
  • Highest list price – $1,199,000 – 21213 Anza Ave
  • Average list price – $753,713
  • Average price per square foot – $483.68
  • Average Days on Market – 35
  • In escrow – 8
  • Total homes sold in 2014 YTD – 20
  • Average sales price – $627,688
  • Average price per square foot – $474.73