Real Estate Trends Archives — Page 13 of 15 — Real Estate in Torrance

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

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.

For Sale at $594 - 400sq feet added — For Sale at $594,ooo – 400 sq feet added

3318 Artesia Blvd.

4171 W 172nd Street

4348 W 179th Street

4312 W 178th Street

Current homes for sale in North Torrance

[idx-listings zip=”90504″ statuses=”1″ orderby=”DateAdded” orderdir=”DESC” count=”10″ showlargerphotos=”true”]

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

October 19, 2014October 19, 2014

Oh How Torrance Home Values Have Changed

By Keith Kyle

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 current 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

Median home prices near $600,000 for August 2014

By Keith Kyle North Torrance Homes

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

September 8, 2014May 5, 2023

July 2014 Median Home Prices in Torrance CA

By Keith Kyle

July 2014 saw some big numbers in terms of both number of homes sold as well as median prices. Torrance CA had 142 sold homes at a median price of $540,000 which was down from the same month in 2013. Most other South Bay cities also saw some significant year over year increases in prices with the other exceptions being Marina Del Rey and Playa Del Rey. To see the actual homes sales in each city visit our recent home sales price and information site.

City	Homes Sold	July 2014 Median	July 2013 Median	Year over Year % Change
Carson	48	$382,500	$350,000	9.29%
El Segundo	15	$872,000	$797,000	9.41%
Gardena	50	$385,000	$332,500	15.79%
Harbor City	13	$4 80,000	$465,000	3.23%
Hawthorne homes	51	$505,000	$400,000	26.25%
Hermosa Beach	26	$1,230,000	$1,097,500	12.07%
Lawndale	8	$412,000	$331,250	24.38%
Lomita	13	$555,000	$452,000	22.79%
Long Beach	330	$400,000	$365,000	9.59%
Manhattan Beach	43	$1,795,000	$1,521,250	18.00%
Marina Del Rey	33	$757,500	$862,500	-12.17%
Palos Verdes Estates	51	$1,600,000	$1,291,000	23.93%
Playa Del Rey	23	$507,000	$512,000	-0.98%
RanchoPalos Verdes	54	$1,069,000	$1,100,000	-2.82%
Redondo Beach	97	$865,000	$758,000	14.12%
San Pedro	49	$440,000	$420,500	4.64%
Torrance	142	$540,000	$576,250	-6.29%
Westchester	48	$777,500	$715,000	8.74%

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

Real Estate Trends

Current Torrance CA Foreclosures and Short Sales

Current Torrance short sales

Current Bank Owned Homes and Foreclosures

Flipped Homes Becoming Commonplace in North Torrance

Current homes for sale in North Torrance

Torrance Sees Gain in Home Prices for November 2014

Torrance

99

$575,000

$517,000

11.22%

Oh How Torrance Home Values Have Changed

Median home prices near $600,000 for August 2014

July 2014 Median Home Prices in Torrance CA

CONTACT US

for all of your Torrance real estate services

your torrance realtor

Keith Kyle
Realtor

Vista Sotheby's International

Real Estate Trends

Current Torrance short sales

Current Bank Owned Homes and Foreclosures

Current homes for sale in North Torrance

Torrance

99

$575,000

$517,000

11.22%

CONTACT US

for all of your Torrance real estate services

your torrance realtor

Keith KyleRealtor

Vista Sotheby's International

Keith Kyle
Realtor