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Explore The South Bay Cities and Neighborhoods Near Torrance

If Torrance CA isn’t the only neighborhood you might be interested in, click on any city, neighborhood or photo below to see a real estate website designed specifically to provide valuable information on that area. See the current homes for sale, recent home sales, market statistics, area maps, photos and more. We hope that our information can help you with your home search. If you want other information or would like our assistance with your search please don’t hesitate to contact Keith Kyle for all of your real estate needs.

South Bay Communities and Real Estate Websites

in Homes for Sale, Real Estate Market, Redondo Beach, Torrance Real Estate Posted by Keith Kyle
Torrance open houses

Sotheby’s Announces their Top Agents for 2018

 Vista Sotheby’s International Realty, one of the top real estate brokerages for Torrance, Redondo and the entire South Bay, just recently announced their top 25 agents for 2018 . Torrance/Redondo Beach real estate specialist Keith Kyle was named as one of the highest producing realtors for the year.  We are proud to, once again, be named to the list of top producing agents at Vista Sotheby’s International Realty.   We wanted to thank all of our friends and clients for putting their trust in us and hope we can earn your trust as well.

Sotheby's Top Realtors in the South Bay

Keith has been a full time licensed realtor since 2005 and has been recognized as a “top producer” at both South Bay Brokers and Vista Sotheby’s since 2007. See Keith Kyle’s bio and background information on our about your realtor page.

in Listing Agents, Real Estate Market, South Bay Brokers, Torrance Real Estate, Torrance Realtors Posted by Keith Kyle

Torrance Real Estate Recap – 2018 Year in Review

By Keith Kyle

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
in Buyers, Home Prices, Homes for Sale, Real Estate Market, Real Estate Trends, Torrance Real Estate, Torrance Realtors Posted by Keith Kyle
Torrance homes for sale sign

State of the Torrance Real Estate Market Heading into 2019

Torrance Real Estate Trends

**See updated information on 2020 real estate in Torrance Torrance is far more than one uniform real estate market.  With neighborhoods that range from sub $500,000 to homes in the multi millions, each area has it’s own localized market. Visit Torrance Real Estate for more information on the community and market in Torrance CA In general the real estate market seems to be slowing down heading into 2019.  Demand is cooling with higher interest rates and a fairly regular slow down this time of year when people are busy with the holidays.
According to Torrance realtor Keith Kyle, “It’s clear that the market is cooling off as there has been an increase in new listings coupled with fewer sales and homes going into escrow since summer.”  The chart above shows that the number of active listings has held pretty steady between 150 and 170 since summer, but the number of sold homes as well as new escrows has continued to decrease.  If this trend continues the market will shift more in favor of buyers and less in favor of sellers.  It’s clearly been a sellers market over the past few years. The chart below shows the upward trend over the past few months with avarage “months of inventory” of unsold homes on the rise.
in Home Prices, Homes for Sale, Real Estate Market, Real Estate Trends, Torrance Real Estate Posted by Keith Kyle

The Number 1 Secret Of Success

The first thing you need to do is sit down and set your goals. Diana Scharf Hunt said “Goals are dreams with deadlines.” A lot of times, people are thrown off by the idea of taking the time to set their goals.

in Uncategorized Posted by Keith Kyle