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Townhomes for sale - 2209 Nelson

Torrance Home Inventory Continues to Decline in Early 2015

By Keith Kyle

Townhomes for sale - 2209 Nelson
2209 Nelson

The housing inventory in Torrance, CA is continuing to shrink with the number of available homes for sale decreasing every month since July of 2014.    The first half of 2014 saw a month over month increase in the available homes peaking in the busy summer buying season but that momentum didn’t last.  The peak month of July saw 232 homes available which has gone down every month since.  As of this post there are currently 151 homes currently on the market in the South Bay’s largest city.  The chart below shows the monthly numbers for active homes for sale (light green) current escrows (red line) and closed home sales (dark green).  Please don’t hesitate to contact us with any questions about the market or to receive an updated list of the current homes for sale.

 

in Real Estate Market, Real Estate Trends, Torrance Real Estate Posted by Keith Kyle
19921 Saltee Torrance

Great Opportunity for a Remodel at 19921 Saltee

Update**As of January 25th this home had received 28 offers and were no longer accepting new offers.  This wasn’t surprising given the price being so far below market value for this West Torrance neighborhood.

We haven’t seen a price like this in west Torrance in some time and this one is definitely on the radar for many buyers.  The home needs 19221 Saltee Torranceextensive work but has some great bones and it’s in an ideal location.  The price probably eliminates all but the most daring flippers as it probably needs additional square footage and a master bath, but it seems an ideal fit for the owner user that wants to do the rehab work themselves.  Other than the bathroom… a coat of paint, refinishing of the hardwood floors (from what we could see they were in great shape under the carpet) and lots of cosmetic love would go a very long way in making the home livable.

One challenge is the very odd somewhat enclosed patio leading off of the side and back of the house.  It’s just…well…odd and doesn’t feel like an indoor or outdoor space.  It also wasn’t permitted so the simplest solution is probably a sledgehammer.

Click to see the details on 19921 Saltee in West Torrance.

in Flipped Homes, Home Prices, Homes for Sale, West Torrance Posted by Keith Kyle
Springwood Plaza Del Amo

An Abundance of New Torrance Townhome Listings on Plaza Del Amo

By Keith Kyle

One of the most affordable ways of owning a larger home in one of Torrance’s best neighborhoods may be the townhomes in the Plaza Del Amo area of Central Torrance.  There are a number of complexes each with a somewhat different feel and set of amenities, but all are centrally located and offer great square footage at reasonable prices.  The gated communities include Springwood, Windsong, Windmere, Summerwind and more.  Recently there have been a number of new listings in the various Plaza Del Amo complexes.

Click to see the current homes for sale in the Plaza Del Amo area

Current Plaza Del Amo Torrance Homes for Sale

in Central Torrance, Plaza Del Amo, Torrance Real Estate Posted by Keith Kyle
Torrance homes for sale sign

Current Torrance CA Foreclosures and Short Sales

Updated January 20th, 2015

While the number of distressed home sales in Torrance has dropped considerably in the past 2 years there are still a number of homes for sale at some stage of the foreclosure process.  Although these homes are not quite the bargains they were there are some homes that are still priced below market value due to the extra work and patience required by the home buyers.  The process has certainly gotten streamlined by the banks but they are still not as straightforward as traditional sales.

Current Torrance short sales

MLS# Type   Address Type  Price  Bed/Bath Year Built Sq Feet
PW14096768 CONDO/A 22334 Harbor Ridge LN #2 FOR, NOD, SPAY  $340,000 3/2,0,1,0 1980/ASR 1553/A
CV14230210 SFR/D 1157 W 225th ST #A FOR, NOD, SPAY  $639,000 5/3,0,0,0 2007/ASR 3068/A
PV14142427 TWNHS/A 3090 Newton ST NOD, SPAY  $629,000 2/3,0,0,0 2003/ASR 1852/A
OC14157232 SFR/D 2693 Hillside DR FOR, NOD, SPAY  $899,900 4/3,0,0,0 1983/ASR 2698/A
14811725 SFR/D 3227 W 188TH ST SPAY  $549,000 4/3,0,0,0 1950 1854
14797349 SFR/D 2701 W 182ND ST SPAY  $450,000 2/1,0,0,0 1946 961
PW14211431 SFR/D 2756 Border AV SPAY  $565,000 3/2,0,1,0 2003/ASR 2020/A

Current Bank Owned Homes and Foreclosures

MLS# Type   Address Type  Price  Bed/Bath Year Built Sq Feet
SB14231286 SFR/D 1323 W 227th ST REO  $369,900 4/2,0,0,0 1956/ASR 1377/A
DW15005743 SFR/D 2119 W 187th ST REO  $508,300 3/2,0,0,0 1959/ASR 1420/A
in Buyers, Homes for Sale, Real Estate Trends, Short Sales and Foreclosures, Torrance Real Estate Posted by Keith Kyle
Luxury interiors

Flipped Homes Becoming Commonplace in North Torrance

By Keith Kyle

You don’t have to look far to see that investor owned “flipped” houses are a significant portion of the active home listings in North Torrance. Investors have long sought out homes in this area as many homes, most built post WWII in the late 1940’s and 1950’s, have not been updated in any significant way but are usually well built and structurally in good shape. Those factors, along with great schools and highly sought after neighborhoods, have made North Torrance a fairly ideal market with low inventory and prices on the rise since early 2013. Gone are the days of distressed sales and short sales, so the margins have grown much tighter but given the demand, expect to see an abundance of remodel and flipped property in 2015.  Below are just a few of the recent flips but there are certainly others and will be more coming to the market.   Contact us about any of these homes, to find out about upcoming remodels or to look for potential investment/”as is” opportunities.

in Buyers, First Time Buyers, Flipped Homes, Homes for Sale, North Torrance West, Real Estate Trends, Remodeled Homes, Torrance Real Estate Posted by Keith Kyle

Torrance Sees Gain in Home Prices for November 2014

It’s clear that the real estate market slowdown for the holidays didn’t start in November.  At least not for the number of home sales and home prices in Torrance CA.  Torrance posted another strong month with 99 sold homes at a median price of $575,000.  To see the homes that sold in November visit our South Bay monthly home sales site.

City Homes
Sold		 November
2014 Median		 November
2013 Median		 Year
over Year % Change
Carson 44 $385,000 $337,500 14.07%
El Segundo 7 $853,000 $710,000 20.14%
Gardena 36 $394,000 $366,000 7.65%
Harbor City 16 $450,000 $343,750 30.91%
Hawthorne 35 $436,250 $465,000 -6.18%
Hermosa Beach 12 $1,050,000 $1,089,000 -3.58%
Lawndale 12 $432,500 $320,000 35.16%
Lomita 13 $490,000 $400,000 22.50%
Long Beach 262 $380,000 $365,000 4.11%
Manhattan Beach 40 $1,900,000 $1,987,000 -4.38%
Marina Del Rey 32 $822,100 $1,000,000 -17.79%
Palos Verdes Estates 21 $1,860,000 $1,300,000 43.08%
Playa Del Rey 18 $519,750 $525,000 -1.00%
Rancho Palos Verdes 34 $935,000 $1,010,000 -7.43%
Redondo Beach 66 $790,000 $720,000 9.72%
San Pedro 47 $462,000 $422,500 9.35%

Torrance

99

$575,000

$517,000

11.22%
Westchester 27 $805,000 $749,000 7.48%
in Real Estate Market, Real Estate Trends, Torrance Real Estate Posted by Keith Kyle