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Torrance Housing Inventory Still Down But on the Rise

By Keith Kyle

The real estate market in Torrance CA continues to be driven by the lack of homes for sale but for the third straight month we have seen an increase in the number of homes for sale.  Inventory has been on the rise since the low point in December but still far below the norm.  We have also seen an increase in the pending home sales over that same period of time and it appears that the inventory will continue to rise as we head towards the usually busy summer buying and selling season.  See all of the Torrance homes for sale or search by neighborhoods.  To see the most recent Torrance home sales visit our closed sale pages.

in Buyers, Home Prices, Homes for Sale, Real Estate Trends, Torrance Real Estate Posted by Keith Kyle
Keith Kyle home sales

See the Homes That We Have Sold in Southern California

By Keith Kyle

We are so fortunate to have worked with so many wonderful people and in such a great area.  It just doesn’t get much better.  See the map below to view all of our local home sales. Although we’ve sold more homes in Torrance and Redondo, we have been lucky enough to sell throughout the area, from Santa Monica to Huntington Beach. Many of these were first time buyers and are now happy homeowners. The red marks are home sales in which I represented the buyer, the orange marks represent homes that I listed, and the blue marks represent homes in which I represented both buyers and sellers.  Click on the marks to see pictures of the various homes and properties.

You can also see the interactive map of our South Bay home sales on Google.

Keith Kyle home sales

in First Time Buyers, Homes for Sale, Listing Agents, South Bay Brokers, Torrance Real Estate, Torrance Realtors 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
pool and spa at 21345 Hawthorne Blvd Village Court

2 Great Condos for sale in 55+ Village Court Torrance

**Update**please note that this is a post from 2014 and these homes are no longer for sale.  Click here to see the current condos for sale in the 55+ senior condo complex of Village Court at 21345 Hawthorne Blvd.21345_Hawthorne_Blvd_#415_pool1 copy

Village Court, located at 21345 Hawthorne Blvd in the great area of Southwood Torrance may just be the nicest 55+ complex in the South Bay.  Located in a great part of Torrance, with an abundance of shopping and dining options just a short distance away, Village Court offers resort style living.

View the Current Village Court Homes for Sale

Amenities include a fitness center, clubhouse with billiards and social areas, a fantastic pool and entertainment deck with a sparkling pool and spa, outdoor dining areas, fireplaces, and BBQ areas.  Having been built in 2005, the complex and condos still feel very new and have the latest features such as open kitchens, granite counters, and more.

in 55+ Homes, Buyers, Homes for Sale, Southwood, Torrance Real Estate Posted by Keith Kyle
Torrance homes with pools

Oh How Torrance Home Values Have Changed

By Keith Kylepool-west-new

I received an odd phone call yesterday from a potential buyer that said she had been given a real estate flyer for a listing at 16808 Delia in North Torrance.  She said it was a well priced short sale and it was.  The only problem was that I sold this house at the beginning of 2012.  It had been a while since I thought of this house and upon pulling up the old listing I struck me just how dramatically the market has changed since then.  It was a very nice home, with a great yard and pool but unfortunately the owners were struggling and had to do a short sale.  We listed the home at $520,000 and it closed at $502,000.

What would it sell for now?

It would be just about impossible to find any single family home in that neighborhood, regardless of condition and size for that price in the North Torrance Homescurrent market.  That home that sold only 2 years ago would now sell for at least $750,000 which is simply incredible.  The speed with which the real estate market in Torrance and the South Bay was stunning and the changes to value equally unbelievable.

How Quickly we forget?

Another aspect of all this that struck me was just how short our memories can be.  Just 2 years ago there were so many homes with great prices and most buyers thought it would continue and go even lower.  These days the poor buyers that didn’t buy are priced completely out of neighborhoods that would have been very affordable.  The thought now is that it of course can only continue going up, but is that really the reality and has that much changed?  It’s certainly a great time to be a home seller, but not necessarily a great time to be a buyer.

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in Buyers, Home Prices, Real Estate Market, Real Estate Trends, Short Sales and Foreclosures, Torrance Real Estate Posted by Keith Kyle