From Torrance Real Estate & Homes…..Happy Father’s Day!!!
Happy Father’s Day from Torrance realtor Keith Kyle, Vista Sotheby’s International and Torrance Real Estate Homes.com
May 2020 – Real Estate Recap for Torrance
Welcome to our real estate recap for Torrance. This is just a brief overview of the market for the month. The number of homes that sold had a huge drop going from 123 closed home sales in May of 2019 to only 49 in May of 2020. The good news is that home prices were solid with a median sales price of $786,000 and an average price per foot of $514. The homes that sold averaged only 20 days on market. View a list of the homes that sold over the past month.
View the current homes for sale
Congratulations Torrance & South Bay Graduates
Congratulations to all of the graduates out there. While this may not be what you envisioned it will certainly never be forgotten. Whether you’re graduating from elementary school, middle school, high school or college…..congrats!
A Good Sign for Torrance Real Estate Market
The real estate market in Torrance has taken a hit lately, just as everywhere else. Home prices have been very solid but home sales dropped significantly over the past 2 months. That may be reversing course in a big way. While home sales dropped to 49 in May pending sales more than doubled from April so we may be back on track quicker than anticipated.
Torrance CA Home Sales and House Prices for May
The real estate market numbers are in for May and they paint a very interesting picture. The number of home sales during the month was way down with only 49 total on market closed escrows. Compare that with 123 home sales in May of 2019 and it’s hard to dispute that the concerns and uncertainties of the coronavirus hasn’t had a major impact. That being said the prices were very impressive indicating a very strong seller’s market.
The median list price was $789,900 while the median sold price was $810,000 meaning that most homes sold well higher than the list or asking price. Average price per foot was $527.14. The average days on market was 40 before going into escrow while the median days on market was a very short 10 days.
View the current Torrance homes for sale
May 2020 Home Sales and House Prices for Torrance
|
MLS#
|
Type
|
Address |
Price
|
$ Per Foot
|
Bed/Bath
|
Sq Feet
|
Year
|
Sold Date
|
|
|
PW20061930
|
TWNHS/A
|
1520 W | 227th ST #6 |
$497,500
|
$371.27
|
3/2,0,1,0
|
1340/A
|
2007/PUB
|
5/1/2020
|
|
SB20042729
|
SFR/D
|
1565 W | 220th ST |
$685,000
|
$526.92
|
3/2,0,0,0
|
1300/P
|
1944/PUB
|
5/12/2020
|
|
CV20030647
|
SFR/D
|
1410 | Torrance BLVD |
$690,000
|
$403.51
|
3/2,0,0,0
|
1710/A
|
1956/ASR
|
5/4/2020
|
|
SW20013553
|
SFR/D
|
21315 S | Normandie AVE |
$906,990
|
$476.36
|
4/3,0,0,0
|
1904/B
|
2019/BLD
|
5/18/2020
|
|
SB20052637
|
CONDO/A
|
838 | Coriander DR #D |
$290,000
|
$453.83
|
1/1,0,0,0
|
639/P
|
1973/PUB
|
5/29/2020
|
|
SB19277187
|
CONDO/A
|
23312 | Marigold AVE #T204 |
$410,000
|
$384.62
|
3/2,0,0,0
|
1066/A
|
1973/ASR
|
5/1/2020
|
|
SB20050583
|
SFR/D
|
20811 | Doble AVE |
$630,000
|
$484.62
|
3/2,0,0,0
|
1300/A
|
1960/ASR
|
5/1/2020
|
|
SB20072389
|
SFR/D
|
21312 | Payne Ave |
$635,000
|
$490.35
|
3/2,0,0,0
|
1295/A
|
1960/ASR
|
5/27/2020
|
|
20561844
|
TWNHS
|
3090 | Newton ST |
$810,000
|
$437.37
|
2/2,0,1,0
|
1852/
|
2003
|
5/15/2020
|
|
PV20039796
|
TWNHS/A
|
3922 W | 242nd ST |
$861,000
|
$570.58
|
3/2,0,0,1
|
1509/B
|
2020/BLD
|
5/22/2020
|
|
PV20016706
|
TWNHS/A
|
3918 W | 242nd ST |
$935,000
|
$598.21
|
3/3,0,0,0
|
1563/B
|
2020/SLR
|
5/7/2020
|
|
SB19234953
|
TWNHS/A
|
3534 | Emerald ST |
$475,000
|
$599.75
|
2/1,0,0,0
|
792/A
|
1985/ASR
|
5/15/2020
|
|
SB20047379
|
COOP/A
|
3115 | Merrill DR #44 |
$485,000
|
$309.51
|
3/1,1,0,0
|
1567/E
|
1963/PUB
|
5/13/2020
|
|
SB20023026
|
CONDO/A
|
1745 | Maple AVE #45 |
$576,000
|
$338.82
|
3/2,0,0,0
|
1700/T
|
1963/ASR
|
5/5/2020
|
|
SB20056313
|
TWNHS/A
|
2595 | Plaza Del Amo #420 |
$743,000
|
$519.94
|
2/2,0,1,0
|
1429/A
|
1987/ASR
|
5/4/2020
|
|
SB20033195
|
TWNHS/A
|
3468 | Del Amo BLVD |
$757,300
|
$453.47
|
4/2,0,1,0
|
1670/A
|
1974/ASR
|
5/6/2020
|
|
SB20057470
|
SFR/D
|
1316 | Cordary AVE |
$854,000
|
$540.51
|
3/1,1,0,0
|
1580/A
|
1951/PUB
|
5/29/2020
|
|
SB20018489
|
SFR/D
|
4902 | Pacific Coast |
$989,000
|
$658.89
|
3/0,2,0,0
|
1501/A
|
1953/ASR
|
5/6/2020
|
|
SB20067312
|
SFR/D
|
4817 | Zakon RD |
$900,000
|
$777.20
|
3/1,0,1,0
|
1158/A
|
1956/ASR
|
5/12/2020
|
|
SB20028943
|
SFR/D
|
5133 | Macafee RD |
$928,000
|
$705.70
|
3/1,1,0,0
|
1315/S
|
1949/ASR
|
5/20/2020
|
|
SB19274713
|
SFR/D
|
24005 | Los Codona AVE |
$935,000
|
$377.02
|
4/3,0,1,0
|
2480/A
|
2001/ASR
|
5/1/2020
|
|
SB20053113
|
SFR/D
|
23003 | Evalyn AVE |
$945,000
|
$624.59
|
3/2,0,0,0
|
1513/A
|
1954/ASR
|
5/6/2020
|
|
OC20068314
|
SFR/D
|
4146 W | 229th ST |
$950,000
|
$564.13
|
4/3,0,0,0
|
1684/E
|
1968/ASR
|
5/29/2020
|
|
PV20055168
|
SFR/D
|
4418 W | 233rd ST |
$1,140,000
|
$583.42
|
4/2,0,0,0
|
1954/A
|
1960/ASR
|
5/1/2020
|
|
SB20076678
|
SFR/D
|
23202 | Ladeene AVE |
$1,150,000
|
$608.47
|
4/2,0,0,0
|
1890/A
|
1960/ASR
|
5/27/2020
|
|
SB20078065
|
CONDO/A
|
5500 | Torrance BLVD #C231 |
$647,500
|
$506.25
|
3/2,0,0,0
|
1279/A
|
1990/ASR
|
5/29/2020
|
|
SB20068601
|
SFR/D
|
4302 | Lenore ST |
$850,000
|
$673.00
|
4/2,0,0,0
|
1263/A
|
1956/ASR
|
5/29/2020
|
|
IV20053830
|
SFR/D
|
21301 | Marjorie AVE |
$900,500
|
$496.96
|
3/1,2,0,0
|
1812/P
|
1956/PUB
|
5/13/2020
|
|
SB20058366
|
SFR/D
|
21601 | Redbeam AVE |
$915,000
|
$624.15
|
4/2,0,0,0
|
1466/A
|
1955/PUB
|
5/1/2020
|
|
SB20064702
|
SFR/D
|
4636 | Bulova ST |
$815,000
|
$732.91
|
3/1,0,0,0
|
1112/A
|
1954/ASR
|
5/5/2020
|
|
SB20057420
|
SFR/D
|
19517 | Beckworth AVE |
$830,000
|
$750.45
|
3/1,0,0,0
|
1106/A
|
1955/ASR
|
5/13/2020
|
|
SB20048503
|
TWNHS/D
|
4126 | Spencer ST |
$878,000
|
$485.62
|
3/2,0,1,0
|
1808/A
|
2004/ASR
|
5/18/2020
|
|
SB20089850
|
SFR/D
|
5129 | Towers ST |
$889,000
|
$694.53
|
3/1,0,0,0
|
1280/A
|
1954/ASR
|
5/29/2020
|
|
SB20056899
|
SFR/D
|
5618 | Sara DR |
$1,331,000
|
$577.44
|
4/2,1,1,0
|
2305/A
|
1959/ASR
|
5/12/2020
|
|
DW20075598
|
SFR/D
|
3424 W | 182nd ST |
$544,000
|
$451.45
|
3/2,0,0,0
|
1205/A
|
1956/ASR
|
5/29/2020
|
|
SB20066595
|
SFR/D
|
17002 | Glenburn AVE |
$700,000
|
$650.56
|
3/1,0,0,0
|
1076/A
|
1948/PUB
|
5/20/2020
|
|
SB20063842
|
SFR/D
|
4038 W | 176th ST |
$767,600
|
$510.71
|
3/0,2,0,0
|
1503/A
|
1952/ASR
|
5/8/2020
|
|
SB20073281
|
SFR/D
|
4315 W | 176th ST |
$830,000
|
$484.25
|
3/2,0,1,0
|
1714/A
|
1952/ASR
|
5/21/2020
|
|
MB20075692
|
SFR/D
|
21319 | Berendo AVE |
$530,000
|
$409.27
|
3/2,0,0,0
|
1295/A
|
1959/ASR
|
5/15/2020
|
|
SB20061751
|
SFR/D
|
16107 | Van Ness AVE |
$665,000
|
$449.93
|
4/1,1,0,0
|
1478/A
|
1956/ASR
|
5/14/2020
|
|
PW20068122
|
SFR/D
|
1948 W | 187th PL |
$693,000
|
$550.00
|
3/1,1,0,0
|
1260/A
|
1958/ASR
|
5/19/2020
|
|
SB20037460
|
SFR/D
|
17315 | Atkinson AVE |
$717,000
|
$616.51
|
3/2,0,0,0
|
1163/A
|
1947/ASR
|
5/7/2020
|
|
SB20063236
|
SFR/D
|
18312 | Wilton PL |
$875,000
|
$538.79
|
3/2,0,0,0
|
1624/A
|
1962/ASR
|
5/22/2020
|
|
SB20048696
|
SFR/D
|
2139 | Del Amo BLVD |
$775,000
|
$394.20
|
5/3,0,0,0
|
1966/A
|
1996/ASR
|
5/19/2020
|
|
SB20072657
|
CONDO/A
|
22734 | Cypress ST |
$615,000
|
$447.60
|
3/3,0,0,0
|
1374/A
|
1974/ASR
|
5/29/2020
|
|
SB20074635
|
SFR/D
|
1719 W | 239th ST |
$747,000
|
$576.39
|
3/2,0,0,0
|
1296/A
|
1956/ASR
|
5/27/2020
|
|
SR20074960
|
SFR/D
|
23811 | Huber AVE |
$780,000
|
$601.85
|
3/2,0,0,0
|
1296/A
|
1956/ASR
|
5/27/2020
|
|
PV20077152
|
SFR/D
|
2359 W | 230th ST |
$879,000
|
$407.13
|
4/2,0,0,0
|
2159/T
|
1971/ASR
|
5/28/2020
|
|
PW20042087
|
SFR/D
|
2217 W | 234th ST |
$1,155,000
|
$340.71
|
4/3,0,0,0
|
3390/A
|
1991/ASR
|
5/8/2020
|
Luxury Location in the Hollywood Riviera
**Update**This is a post from 2020 and this home is no longer on the market.
Torrance is one of the more diverse cities in the South Bay when it comes to housing options. Some of the least expensive homes can be found in Torrance as well as some of the most expensive. The highest prices are almost always found along the beachfront street known as Paseo De La Playa. 425 Paseo De La Playa has a Redondo mailing address but is actually serviced by the city of Torrance. While it’s hard to imagine a home can be a bit of a project at $12,000,000 the eventual buyer is likely to spend a healthy amount truly making this one of the more spectacular homes in the South Bay.
425 Paseo De La Playa is one of those rare legacy type homes. Perched on the bluffs above Torrance Beach in the Hollywood Riviera, the home offers incredible and unblockable ocean views. The 28,000+ sq foot lot is unheard of in the South Bay and as with all of the homes along the west side of Paseo, the lots extend all the way to the beach, but this home has an enormous amount of land in front of the home as well. The gated entry and true estate feel make for endless possibilities.While this home is in need of some updating to truly make it a legacy home, the basics are all here.
Listing provided by John Tran and Martin Le of NextGen Team Realty