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Torrance real estate map

What makes the Torrance real estate market so unique?

By Keith Kyle

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.

Search Torrance homes by area.

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.

Torrance real estate map

in Homes for Sale, Real Estate Market, Real Estate Trends, Torrance Real Estate Posted by Keith Kyle

Torrance Home Sales Up in May of 2016

Torrance, CA saw a slight gain in year over year home prices in May with 138 homes sold this month at a median price of around $593,000 which was up from $579,000 the prior May.  138 homes is a very strong number for Torrance and shows that the market activity is continuing to pick up with more homes slowly coming on the market.  Click here to see the homes sold in Torrance for May of 2016.

City Homes
Sold		 May
2016 Median		 May
2015 Median		 Year
over Year % Change%
Carson 57 $453,000 $410,000 10.4%
El Segundo 12 $802,500 $803,500 -.1%
Gardena 47 $425,000 $405,000 4.9%
Harbor City 26 $439,000 $415,000 5.8%
Hawthorne 39 $485,000 $525,000 -7.7%
Hermosa Beach 21 $1,285,000 $1,450,000 -11.4%
Lawndale 14 $455,000 $431,000 5.6%
Lomita 15 $488,000 $509,000 -4.1%
Long Beach 349 $485,000 $433,000 11.9%
Manhattan Beach 48 $1,875,000 $2,239,000 -16.2%
Marina Del Rey 31 $925,000 $918,000 .8%
Palos Verdes Estates 55 $1,499,000 $1,515,000 -1.1%
Playa Del Rey 24 $560,000 $615,000 -8.9%
Rancho Palos Verdes 58 $1,060,000 $1,100,000 -3.6%
Redondo Beach 96 $950,000 $845,000 12.5%
San Pedro 66 $489,000 $449,000 8.8%
Torrance 138 $593,000 $579,000 2.4%
Westchester 30 $1,130,000 $900,000 25.6%
in Home Prices, Homes for Sale, Real Estate Market, Real Estate Trends Posted by Keith Kyle
Redondo Beach homes for sale - Ford

Torrance home sales for March of 2016

By Keith Kyle

March was yet another very busy month for home sales in Torrance and the South Bay with home prices continuing to go up and the number of home sales rising as well.  The demand has been pretty overwhelming in certain areas such as West Torrance, South Torrance and the Hollywood Rivera and multiple offer situations selling over the list price being the norm.

Torrance saw 109 home sales in March of 2016 with the average list price of $648, 831 and the average sales price at $648,460 which again shows that very few homes are selling below list price….even in a market in which inflated prices are becoming more common.  The lowest priced home of the month was a 1 bedroom condo in the County Strip area (not actually part of Torrance but a Torrance P.O. making for much lower prices)at $172,900 and the most expensive was $1,160,000 for a 5 bed/4 bath, 3000 square foot single family home in the Hollywood Riviera.

Click any link below to see the homes sold in March of 2016.
El Segundo
Gardena
Hawthorne
Hermosa Beach
Hollywood Riviera
Lawndale
Manhattan Beach
Palos Verdes Estates
Rancho Palos Verdes
Redondo Beach
Rolling Hills Estates
San Pedro
Torrance

in Home Prices, Homes for Sale, Real Estate Market, Real Estate Trends Posted by Keith Kyle
Homes for sale in the Hollywood Riviera

The Highest and Lowest Priced Homes in Torrance CA

Homes for sale in the Hollywood Riviera

**Please note that this is an older post from 2016 and home prices and values no longer reflect current market conditions

Torrance is a diverse community and home prices can certainly reflect that.  From multi million dollar homes along the bluff in the Hollywood Riviera, to the neighborhoods near the 110 Freeway, neighborhoods and home prices vary considerably.

Topping out the market at the moment is the home at 326 Calle De Arboles in the Hollywood Riviera.  The home is priced at $2,098,000 with 3,251 square feet and has been on the market almost 2 months as of this posting.  While the homes in the Hollywood Riviera are often Redondo Beach mailing addresses and zip codes, the homes are actually located in Torrance with award winning Torrance schools and services.

On the other side of the spectrum is the one bedroom condo located at 941 W Carson.  It’s listed at $205,000 and is a short sale property.  This section of Torrance is known as county strip.  Very much the opposite of the Hollywood Riviera this section of Torrance is actually not part of Torrance proper and is serviced by LA Unified Schools and LA City services.  As the schools are not at the same level (in most cases) as the Torrance Unified schools, values are always lower in this area.

in Home Prices, Homes for Sale, Real Estate Market Posted by Keith Kyle

Sotheby’s International Realty Brand Expands Presence in South Bay Region of Los Angeles County – Sotheby’s International Realty | Blog

Sotheby’s International Realty Affiliates LLC today announced that Vista Sotheby’s International Realty in Palos Verdes and Redondo Beach, California, has merged with well-known local real estate brokerage, South Bay Brokers, with four offices across the South Bay market in Los Angeles County. The combined company will operate as Vista Sotheby’s International Realty, with six offices …

Source: Sotheby’s International Realty Brand Expands Presence in South Bay Region of Los Angeles County – Sotheby’s International Realty | Blog

in Listing Agents, Luxury Homes, Real Estate Market Posted by Keith Kyle