View any South Bay city below to see the homes sold in Torrance, Redondo Beach and the South Bay in November
2016
November 2016
El Segundo
Hawthorne
Hermosa Beach
Hollyglen/Del Aire
Hollywood Riviera
Lawndale
Manhattan Beach
Palos Verdes Estates
Rancho Palos Verdes
Redondo Beach
Rolling Hills Estates
San Pedro
Torrance
From us at Torrance real estate homes, Vista Sotheby’s International Realty and Keith Kyle, we wish you and yours a very happy holiday season. We hope you’ve had a great 2016 and look forward to a wonderful 2017
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September was a strong month for home sales in Torrance CA and the South Bay. Click any link below to see a list of the homes that sold that month or visit our recent South Bay home sales page to see any month and any city in the area. We hope that the information is helpful and please do not hesitate to contact us for any of your real estate needs.
El Segundo
Gardena
Hawthorne
Hermosa Beach
Hollyglen & Del Aire
Hollywood Riviera
Lawndale
Manhattan Beach
Palos Verdes Estates
Rancho Palos Verdes
Redondo Beach
Rolling Hills Estates
San Pedro
Torrance
By Keith Kyle
August 2016 saw another strong month for homes throughout the South Bay and Torrance. Torrance, CA reached a 179 homes sold in the month of August with a median home price of $645,000. As of October 18th 2016 there are 151 active homes and income properties for sale in Redondo Beach and 173 homes currently in escrow. The lowest price of the month was a one bedroom condo in a 55+ building at $215,000 with the highest sale a $1,225,000 for a single family home in the Southwood community of Torrance. Of all the homes sold only one was a short sale or foreclosure showing just how much of a non factor short sales are becoming in Torrance. View the current homes for sale in Torrance, CA or view a list of the homes sold in Redondo Beach and the South Bay in August.
| City | Homes Sold | August 2016 Median | August 2015 Median | Yearover Year % Change% |
| Carson | 56 | $450,000 | $430,000 | 4.7% |
| El Segundo | 15 | $1,075,000 | $780,000 | 37.8% |
| Gardena | 43 | $470,000 | $399,000 | 17.8% |
| Harbor City | 24 | $523,000 | $450,000 | 16.1% |
| Hawthorne | 47 | $575,000 | $493,000 | 16.8% |
| Hermosa Beach | 22 | $1,723,000 | $1,389,000 | 24.% |
| Lawndale real estate | 16 | $498,000 | $437,000 | 13.8% |
| Lomita | 23 | $619,000 | $510,000 | 21.4% |
| Long Beach | 348 | $463,000 | $459,000 | .8% |
| Manhattan Beach | 36 | $1,800,000 | $1,923,000 | -6.4% |
| Marina Del Rey | 24 | $1,059,000 | $928,000 | 14.1% |
| Palos Verdes Estates | 42 | $1,412,000 | $1,815,000 | -22.2% |
| Playa Del Rey | 16 | $623,000 | $560,000 | 11.2% |
| Rancho Palos Verdes | 57 | $1,065,000 | $1,155,000 | -7.8% |
| Redondo Beach | 100 | $968,000 | $842,000 | 15% |
| San Pedro | 70 | $481,000 | $475,000 | 1.3% |
| Torrance | 179 | $645,000 | $585,000 | 10.3% |
| Westchester | 44 | $1,093,000 | $890,000 | 22.7% |
As a short sale specialist I have tracked the short sale market for years and as Torrance is the largest city in the South
Bay, it has been a very good indicator of how much of a factor short sales and bank owned homes have been on the local market. Short sales first became a factor in mid 2007 with a high point in 2010. In August of 2010 there were 159 active short sale homes for sale in Torrance. Those numbers started to decline in April of 2011 and have continued downward to the current level which has seen an average of 4 homes for sale for the past few months. What was a source of the “deals” sought by buyers is no longer putting downward pressure on the market and has basically ceased to be a factor. View short sale homes for sale on our distressed home site for Torrance and all of the South Bay
