Homes for Sale

Real Estate in Torrance - Search homes for sale in Torrance CA > Blog > Homes for Sale

Category: Homes for Sale

South Redondo Beach and the Hollywood Riviera

New Real Estate Website for Home Buyers and Sellers in the Hollywood Riviera

Your Real Estate Destination for All Things Hollywood Riviera

With the individual real estate markets in the South Bay being so diverse and specialized, the larger real estate sites and portals just can’t focus on specific neighborhoods.  We are proud to announce the Hollywood Riviera real estate website HomesinHollywoodRiviera.com which will provide home buyers and sellers insight into this localized market.   From the current homes for sale and MLS listings, to determining the value of homes in the area, to finding realtors that specialize in the real estate market of the Hollywood Riviera, we hope the site is an invaluable resource for all things real estate in this wonderful coastal community.

Homes for sale in the Hollywood Riviera
in Buyers, Home Prices, Homes for Sale, Real Estate Trends, Torrance Real Estate Posted by Keith Kyle
Townhomes for sale - 2209 Nelson

28 Homes over $1,000,000 in Torrance

By Keith Kyle

It wasn’t long ago that a Torrance home in the million dollar range was a rarity….now it’s fairly commonplace. Currently there are 21 homes in the city of Torrance that are priced higher than this formerly elusive price. If you factor in homes in the homes for sale in the Hollywood Riviera, which has a Redondo Beach mailing address but is actually in the city of Torrance, there are actually 28 homes price over $1,000,000 with 5 homes priced over $2,000,000.

 

in Hollywood Riviera, Home Prices, Homes for Sale, Torrance Real Estate Posted by Keith Kyle
Redondo Beach Hollywood Riviera

Suddenly the Whole Street is On Sale – Camino De Encanto in the Hollywood Riviera

It’s not often that we see homes come on the market in the lower Hollywood Riviera neighborhood that’s west of Palos Verdes Blvd.  Occassionally we see a home or two and more often than not, there is nothing on the market in this area.

That certainly couldn’t be further from the case at the moment as there are 4 homes for sale on Camino De Encanto in the Hollywood Riviera.

There are current 4 homes on the market and all are within a 1/2 block.  This is pretty unheard of an probably not ideal for any of the homes as when buyers have options….they want to negotiate.

 

in Hollywood Riviera, Homes for Sale, Redondo Beach, Torrance Real Estate Posted by Keith Kyle

When Days on Market Doesn’t Necessarily Represent the Days on Market

By Keith Kyle

I’m sure most MLS systems are different but here in the South Bay the days on market on the CRMLS can be a bit misleading.  Many buyer and agents use days on market as a negotiating tool….the longer the home has been on the market, the more leverage the buyer has to come in low or negotiate other favorable terms.

The problem is that days on market doesn’t always indicate just how long the home has been available and is not necessarily indicative of “active” status.  As realtors when our clients accept an offer we have the option of changing the status to “pending” or “active under contract”.  Pending stops the days on market from accruing, but active under contract does not.  A home can go into escrow on day one, change the status to active under contract (again meaning it’s in escrow) and if it falls out of escrow 20 days later the days on market for the home will show 20.  It’s very misleading as the home has not been available for those 20 days and now puts the seller and listing agent at a disadvantage…..even though it sold the first day.

The other aspect that leads to misinformation is that with this days on market accruing on many home, it does not allow for an accurate picture of the market.  For instance a certain area of town or city itself may show an average days on market for a certain month to be one thing….when many of those homes were not actually available.  It may show days on market at 45 when the reality is that the homes in the community actually go into escrow after 30.

It’s a problem that needs to be addressed as it can change perceptions….both on an individual home and the market in general.

in Homes for Sale, Real Estate Market, Real Estate Trends Posted by Keith Kyle
Torrance townhomes for sale - 1310 Portola in Old Torrance

December 2016 Home Prices in Torrance CA

By Keith Kyle

December was a pretty typical month in Torrance real estate with 112 home sales at a median price of $656,000.  December traditionally is a much slower month but with the continued demand for Torrance homes, there doesn’t seem to be such a thing as a slow month.  Click here to see the sold homes in Torrance for December.  For the current homes for sale visit our active listings page.

City Homes
Sold		 December
2016 Median		 December
2015 Median		 Year
over Year % Change%
Carson 54 $450,000 $420,000 7%
El Segundo 14 $816,000 $1,171,000 -30.3%
Gardena 44 $504,000 $413,000 22.1%
Harbor City 9 $523,000 $404,000 29.5%
Hawthorne 37 $575,000 $520,000 10.6%
Hermosa Beach 17 $1,380,000 $1,625,000 -15.1%
Lawndale 8 $393,000 $521,000 -24.6%
Lomita 6 $473,000 $535,000 -11.6%
Long Beach 298 $490,000 $435,000 12.6%
Manhattan Beach 38 $1,863,000 $1,831,000 1.7%
Marina Del Rey 21 $955,000 $945,000 1.1%
Palos Verdes Estates 25 $1,550,000 $1,675,000 -7.5%
Playa Del Rey 20 $658,000 $612,000 7.5%
Rancho Palos Verdes 47 $1,088,000 $945,000 15.1%
Redondo Beach 75 $900,000 $855,000 5.3%
San Pedro 58 $515,000 $485,000 6.3%
Torrance 112 $656,000 $585,000 12.1%
Westchester 32 $943,000 $892,000 5.7%
in Home Prices, Homes for Sale, Torrance Real Estate Posted by Keith Kyle