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.

 

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.

 

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%
Oceanfront homes on Paseo De La Playa in the Hollywood Riviera of Redondo Beach.

433 Paseo De La Playa – One of a Kind Home for Sale in the Hollywood Riviera

433 Paseo De La Playa is definitely one of a kind. Perched on the bluff with stunning ocean and coastline views, the home is like something usually seen in Beverly Hills or Bel Aire….not Redondo Beach and Torrance.

Boasting 7 bedrooms (all spacious), 6 1/2 baths, 7,792 square feet on a massive 25,000+ lot that extends to the beach this home has it all…..sports court, gated driveway, ocean view pool and spa (with a mini waterslide) and huge views from many of the rooms.  The home even features a oversized path down to the sand which is rare as the California Coastal Commission highly regulates direct access to the beach and the permitting process (if approved) can take years and years.

The Hollywood Riviera is a fantastic neighborhood with a small town community charm, highly ranked schools and often times some great ocean views.