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
This better than new coastal craftsman is as beautiful on the inside as the outside
and dramatically different than the standard Redondo townhome. From the moment you see 2209 Nelson in Redondo Beach you’ll realize that this is unlike anything on the market. Entering the home, you’ll be struck by the bright and open floorplan and attention to details. From the nine foot high ceilings, 6″ oak flooring to the El Dorado stone fireplace to the wainscoting and custom colors this home is designer perfect. The lower level features a bright and open floorplan for today’s lifestyle and perfectly blends beach casual with modern luxury. Ideal for entertaining the home features an open kitchen with granite counters, stainless appliances, Merillat maple cabinetry, center island and breakfast bar. The kitchen opens to both the dining area and the spacious living room. Direct access to the private backyard and patio is ideal for indoor outdoor living.
Head upstairs to 3 beautiful bedrooms plus the incredible master suite. All bedrooms offer plantation shutters, vaulted ceilings, recessed lights, and all enjoy an abundance of natural light. The master suite is a stunning retreat bathed in natural light, with vaulted ceilings, beautiful stone fireplace, private sitting area, balcony, and walk in closet. The spacious master bath offers separate jacuzzi tub and shower, dual vanities, marble countertops and travertine flooring. This beautiful home is a rare find in today’s market of cookie cutter homes. View the 2209 Nelson photo gallery or visit the virtual tour.
$1,195,000
4 bedrooms
2 1/2 bathrooms
Fully detached – feels like a single family home
Beautiful kitchen with Merillat maple cabinets, Verde Butterfly granite, stainless appliances
The numbers are in and June 2016 was a big month in terms of both the number of homes sold and the prices. Home prices were up year over year in every South Bay city other than Manhattan Beach and Torrance CA posted some very big numbers. 141 homes and properties sold in June at a very respectable median price of $640,000 which is higher than normal. To see the homes sold in Redondo Beach for June 2016 view our recent sales information.
We’ve created a new real estate website geared specificially to the Hollywood Riviera area of Torrance. The Hollywood Rivera is one of our favorite areas in all of the South Bay with great views, proximity to the beach, ideal weather, a wonderful neighborhood feel, and somewhat restrictive building codes keeping the homes appropriate for the lot sizes and protecting the views.
People often think of the South Bay as one large market but each individual city can mean an entirely different real estate market….just take a look at the monthly median home prices in the South Bay as an indication.
Each city is it’s own real estate market but Torrance is different. As Torrance is the largest city in the South Bay it’s also the most diverse. That’s especially true in terms of real estate and home values in Torrance.
What make Torrance so different is the variety of areas, and the diversity of both the homes and the prices. Torrance is a city that has multi million dollar homes along the Bluff on Paseo De La Playa and also has some of the most affordable homes in all of the South Bay.
The sheer size of Torrance also makes a difference. Stretching all the way from the ocean to east of the 110 freeway makes for an abundance of options not possible in any other city in the area. This also allows for everything from single family homes, to condos to even co-ops (rarely seen in the South Bay).
It is definitely not a seen one seen em all type real estate market.
While we may be focused on Torrance real estate we do have listings elsewhere as well. Located just a few short blocks to the beach at 618 1st Street, this beautiful detached Cape Cod designed townhome offers the best in beach living in Hermosa Beach. Very rare for this area of Hermosa, the home is completely detached and feels like a single family home with great outdoor spaces and a private entry. With a mid level entry and reverse floorplan, the formal entry offers soaring ceilings, hardwood floors and is bathed in natural light. Entry level features the master suite, 2 spacious bedrooms, convenient laundry area, and a full bath. The enormous master suite features dual walk in closets, new carpet and paint, and an beautiful bath with jacuzzi tub and shower. The upper level offers an incredible amount of space with an open and flexible layout that can adapt to your lifestyle. The living room features vaulted ceilings, beautiful gas fireplace, and 4 French doors allow for direct access to the patio to take in the near perfect weather. The top floor also features an oversized and open kitchen with recessed lights, stainless appliances sits cental to both the living room and huge dining room. Head up to the rooftop deck for great ocean and city light views. The home also offers a nice backyard area with deck and artificial turf, and a two car attached garage. All of this ideally located in Hermosa Beach, recently voted the 10th “Happiest Seaside Towns in America” by Coastal Living Magazine.
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
