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Torrance Home Sales in January 2015

Torrance saw a relatively low number of homes sold in January with 63 homes, condos and townhomes closing Torrance Home Searchescrow during the month (see Torrance real estate trends and market updates).  According to Torrance realtor Keith Kyle, “It’s not unusual to see a significant slowdown of closed home sales during January, as December is a very limited month for new listings and homes entering escrow.  With the holidays very little activity happens in the last 3rd of the month meaning far fewer closings in January.  Click here to view the home sales in Torrance, and other South Bay cities per month.

MLS# Type St# Address  Price  Bed/Bath Age Sqft Days on Mkt
14808447 SFR/D 1600 W 220TH ST  $            470,000 3/2,0,0,0 1944 1684 54/54
SB14205504 CONDO/A 22214 S Vermont AV #202A  $            220,000 1/1,0,0,0 1986/ASR 711/A 43/754
SB14185441 CONDO/A 817 W 232nd ST #B  $            239,500 2/2,0,0,0 1973/ASR 842/A 99/99
SB14209174 CONDO/A 800 Coriander DR #P  $            252,000 2/2,0,0,0 1973/ASR 829/A 66/66
WS14148838 TWNHS/A 22919 Mariposa AV #802  $            393,000 3/3,0,0,0 2009/ASR 1380/A 137/137
SB14249560 SFR/D 22819 Doble AV  $            410,000 3/1,0,0,0 1953/ASR 964/A 58/58
14812941 CONDO/D 1055 PARK CIRCLE DR  $            455,000 4/3,0,0,0 1984 1780 27/27
PV14191018 TWNHS/A 1613 W 224th ST #1  $            479,000 3/2,0,1,0 2011/ASR 2142/A 43/43
SB14239996 SFR/D 1102 Greenhedge ST  $            500,000 3/2,0,0,0 1953/ASR 1828/A 14/14
SB14210049 SFR/D 1039 Gian DR  $            549,000 4/1,1,1,0 1977/ASR 2357/A 78/78
14785101 SFR/D 1719 W 239TH ST  $            480,000 3/2,0,0,0 1956 1296 94/94
PV14245268 SFR/D 3241 Cricklewood ST  $            600,500 3/1,0,0,0 1950/ASR 1067/E 13/13
SB14254678 SFR/D 4060 Newton ST  $            620,000 2/1,0,0,0 1948/ASR 1092/A 42287
SB14171594 SFR/D 2814 Dalemead ST  $            775,000 4/2,0,0,0 1952/ASR 1715/A 169/169
PW14247013 SFR/D 3256 Dalemead ST  $            795,000 4/2,0,0,0 1950/ASR 1504/A 22/22
SB14253220 SFR/D 3034 Softwind WY  $            820,500 3/2,0,1,0 1975/ASR 2043/A 42350
SB14255024 SFR/D 3123 Carolwood LN  $            928,000 4/2,0,1,0 1977/ASR 2200/A 42256
PV14245765 SFR/D 2835 Windmill RD  $            990,000 4/3,0,1,0 1975/ASR 2499/A 44/44
SB14247576 CONDO/A 1745 Maple AV #65  $            325,000 1/1,0,0,0 1963/ASR 870/A 62/62
SB14234012 TWNHS/A 2800 Plaza Del Amo #388  $            569,000 3/2,0,1,0 1988/ASR 1404/A 54/54
SB14205106 SFR/D 1404 FERN AV  $            615,000 3/2,0,0,0 1954/ASR 1383/A 79/79
SB14113750 TWNHS/A 2300 Maple AV #162  $            635,000 3/3,0,0,0 1987/SEE 1738/A 214/214
SR14249854 SFR/D 20328 Roslin AV  $            900,000 5/3,0,0,0 1964/ASR 2232/A 17/17
SB14208752 CONDO/A 22837 Nadine CR #B  $            350,000 2/1,0,1,0 1963/ASR 1117/A 60/60
SW14225333 SFR/D 22311 Avis CT  $            632,500 3/1,0,0,0 1954/ASR 1243/A 56/56
PV14246552 SFR/D 3411 W 228th ST  $            720,000 3/1,1,0,0 1954/ASR 1211/A 73/73
SB14220209 SFR/D 2704 W 232nd ST  $            783,000 4/1,1,0,0 1965/ASR 2154/A 85/85
SB14262209 SFR/D 22318 Osage CT  $        1,050,000 4/3,0,0,0 1990/ASR 3408/A 19/19
SB14230689 SFR/D 23152 Maple AV  $        1,090,000 4/4,0,0,0 2000/ASR 3088/A 67/93
SB14254888 SFR/D 4614 Highgrove AV  $            830,000 3/2,0,1,0 1954/ASR 1535/A 38/38
PV14178737 SFR/D 3855 Paseo De Las Tortugas  $        1,139,000 3/2,0,1,0 1969/ASR 2567/A 105/105
SB15015036 SFR/D 226 Via La Soledad  $        1,900,000 4/2,1,0,0 1954/ASR 2456/A 0/0
PV14190272 CONDO/A 4036 W 226th ST  $            575,000 2/2,0,1,0 1981/ASR 1685/A 97/182
PV14122227 SFR/D 5319 Palos Verdes BL  $            635,000 2/1,0,0,0 1952/ASR 834/A 108/108
SB14191412 SFR/D 23032 Kent AV  $            750,000 4/1,2,0,0 1967/ASR 2088/A 42129
PV14242640 SFR/D 23530 Ladeene AV  $            900,000 4/1,1,0,0 1962/ASR 2074/A 46/46
SB14252741 SFR/D 21509 Scannel AV  $            860,000 5/3,0,0,0 1955/ASR 2346/A 19/202
SB14250153 SFR/D 22014 Linda DR  $            995,000 5/3,0,0,0 1955/ASR 2446/A 55/55
SB14245145 SFR/D 4511 Narrot ST  $            640,000 3/1,0,0,0 1954/ASR 1100/A 42350
SB14197154 SFR/D 20125 Wayne AV  $            749,000 4/1,2,0,0 1956/ASR 1924/A 132/132
SB15001937 SFR/D 20421 Wayne AV  $            771,000 3/1,1,0,0 1959/ASR 1429/A 42224
PV14240866 SFR/D 20105 Talisman ST  $            790,000 3/2,0,0,0 1955/ASR 1470 54/54
OC14235498 SFR/D 4202 Konya DR  $            925,000 4/3,0,0,0 1979/ASR 2640/A 68/68
SB14185110 SFR/D 3845 West W 177th ST  $            490,000 4/2,0,0,0 1967/ASR 1773/A 49/49
EV14208565 SFR/D 18111 AMIE AV  $            545,000 3/1,1,0,0 1954/ASR 1216/A 100/100
SB14259400 SFR/D 4123 W 184th PL  $            580,000 3/1,0,1,0 1955/ASR 1333/A 30/30
SB14200618 SFR/D 4171 W 172nd ST  $            608,000 3/1,1,0,0 1951/ASR 1400/E 120/120
SB14226542 SFR/D 18017 Cordary AV  $            657,345 4/1,1,0,0 1966/ASR 1972/A 39/39
SB14251552 SFR/D 2134 W 177th  $            489,000 3/1,0,0,0 1953/ASR 1073/A 32/32
SB14245768 SFR/D 2714 W 179TH ST  $            545,000 3/1,1,0,0 1953/ASR 1364/A 42319
SB14232452 SFR/D 16618 Kristin AV  $            583,000 4/1,1,0,0 1955/ASR 1424/A 14/14
SB14253246 SFR/D 2915 W 167th ST  $            600,000 3/1,1,0,0 1954/ASR 1356/A 27/27
SB14243606 SFR/D 18819 Haas AV  $            629,000 3/3,0,0,0 1951/ASR 1756/A 25/200
SB14126888 SFR/D 2415 Cabrillo AV  $            480,000 2/1,0,0,0 1942/ASR 854/A 139/139
SB14177699 CONDO/A 2349 Jefferson ST #117  $            581,000 2/2,0,0,0 2008/ASR 1530 91/91
SB14253676 TWNHS/D 810 Amapola AV  $            590,000 3/2,0,1,0 2002/ASR 1711/A 49/49
SB14237183 TWNHS/A 1800 Oak ST #516  $            676,000 3/2,0,1,0 2007/ASR 1950/A 58/58
14793225 SFR/D 23014 HUBER AV  $            570,000 3/2,0,0,0 1948 1684/A 119/119
SB14203890 SFR/D 2113 W 237th ST  $            675,000 3/2,0,0,0 1952/ASR 2042/AP 78/78
AR14233945 SFR/D 2018 W 238th ST  $            700,500 4/2,0,0,0 1976/ASR 1836/A 88/88
SB14243119 SFR/D 2355 W 239th ST  $            759,000 4/2,1,0,0 2001/ASR 2762/A 75/75
PW14243072 CONDO/A 838 Coriander DR #A  $            225,000 1/1,0,0,0 1973/ASR 639/A 42319
in Home Prices, Homes for Sale, Real Estate Market, Torrance Realtors, Torrance Schools Posted by Keith Kyle
Hollywood Riviera homes for sale - 340 Via Colusa

So Where’s The Big Seasonal Increase in Homes in Torrance?

By Keith KyleHollywood Riviera homes for sale - 340 Via Colusa

As a realtor who has been doing this a while, I’ve come to expect a nice increase in houses for sale in mid to late January. As the holidays wrap up, football season ends, and everyone gets back to work, we generally see a nice increase in homes that hit the market. It can often set the tone for much of the year as and abundance of homes early in the year often seems to stabilize the market one way or another. Unfortunately 2015 hasn’t seen that increase as the number of active homes for sale continues to go down at a time when the homes for sale should be going up. It’s still early enough that sellers may yet be holding off for a week or two to put their homes on the market and it would be welcome relief for the home buyers sitting and waiting.

The chart below shows the number of homes for sale represented by the light green bar. As of January 29th there are only 161 homes for sale in all of Torrance.

 

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

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
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.

[idx-listings community=”North Torrance West” statuses=”1″ propertytypes=”516″ orderby=”DateAdded” orderdir=”DESC” count=”10″]

in Buyers, Home Prices, Real Estate Market, Real Estate Trends, Short Sales and Foreclosures, Torrance Real Estate Posted by Keith Kyle
South Bayport in Plaza Del Amo Torrance

Median home prices near $600,000 for August 2014

By Keith KyleModern kitchens in Torrance

August was yet another big month for home prices in Torrance and the South Bay with  average home prices continuing to rise and the busy summer season continuing at a fairly torrid pace. Home sales were down from July due to the continuing lack of homes for sale.  Click any city and month below to see the full list of homes sold.  Contact us for more information on any of the homes.

August saw a total of 117 homes sold, down from 142 in July.  Of the 117 homes sold, 82 were single family homes, 16 were townhomes, and 17 were condos.  In addition there were 9 income properties (duplex, triplex, etc.) sold  as well as.  Of the 117 4 were short sales or foreclosures showing that the foreclosure market continues to dwindle and is a non factor in the current housing market.  The median home price was $600,000 up from $540,000 the prior month.

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