An Abundance of Cool New Listings in North Torrance

By Keith KyleTorrance homes with a pool

A number of good looking homes hit the market this week in North Torrance offering some good options for those in the market.  Although prices have gone way up in North Torrance over the past 2 years, it’s still the best combination of neighborhood and home in a great neighborhood.

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

By Keith KyleHomes for sale in Torrance CA

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.

Our Latest Listing – 1643 Ford in the Golden Hills of Redondo Beach

***Update***1643 Ford has sold.  View the current homes for sale in the Golden Hills of Redondo Beach.

Welcome home to this wonderfully remodeled single family home in the Golden Hills of Redondo Beach. This beautiful home boasts a great split level floorplan that offers all three bedrooms on the same floor and a spacious and stylish interior. Features include a gorgeous kitchen with stainless steel appliances, granite counter tops, pendant lighting and an abundance of natural light. Custom paint and dramatic dark hardwood floors extend throughout the home giving the home a true designer feel. Beautiful master suite offers large customized closets, gleaming hardwood floors, newer doors and windows and a beautifully remodeled bath. The 2nd and 3rd bedrooms share another stylishly remodeled bathroom with custom tile and stone shower. Bedrooms are west facing and offer great natural light and sit high above the neighboring home to take full advantage of the coastal breezes. Spacious one car garage has a laundry area, direct access to the home, and a full size access door to the seemingly endless storage space underneath. In addition the ample street parking is a rare find in the Golden Hills! Just a few blocks from both Hermosa and Manhattan Beach this home is the perfect starter home in a fantastic neighborhood.

Contact listing agent Keith Kyle of South Bay Brokers to set up a private showing.

Neighborhood Spotlight – Southwood

Sitting between West Torrance and South Torrance is the wonderful neighborhood of Southwood.  This small area also sits just east of Redondo Beach and the proximity to the ocean means milder weather and great Southwood Torrance Homesocean breezes that other parts of the city don’t enjoy.  Comprised mainly of 1940s and 1950s beach style bungalows, the area is still more affordable than some of the nearby beach cities while still having a certain charm lost in some of these other areas with oversized homes, makes a statement type architecture and over development.  Some homes have gone the route of maximum square footage, but the majority still look like homes that belong in the neighborhoods and give homeowners a bit of space and separation.  Although prices are still below neighboring South Redondo, they have risen dramatically in the past 2 years with most original smaller 3 bed/1 bath homes starting in the mid to low $600’s for fairly original, but nice condition, and the larger 3 bed/2 bath 1400 foot (many homes added a family room accounting for the extra square footage) selling anywhere from the mid to low $700s up to the low $900’s depending on location and condition.

What makes the area so special is the community feel, with an abundance of parks, dog parks and schools all within walking distance.   A quick drive down just about any street says it all with pride of ownership being quite apparent.  Manicured lawns, updated homes, tree lined streets and an abundance of neighbors walking the area makes for a great atmosphere.  Contact us if you are interested in learning more about Southwood or would be interested in receiving free email updates with the latest listings.

Current Southwood homes for sale

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July 2014 Median Home Prices in Torrance CA

By Keith KyleNorth Torrance Homes

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%
ElSegundo 15 $872,000 $797,000 9.41%
Gardena 50 $385,000 $332,500 15.79%
HarborCity 13 $480,000 $465,000 3.23%
Hawthorne 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%

Real Estate Micro Market Update – Southwood Torrance

By Keith KyleSouthwood Torrance Homes

The neighborhood of Southwood in Torrance CA is a fantastic area with tree lined streets with primarily single family homes and a great community feel. Prices in this neighborhood, located just east of Redondo Beach, have seen steady increases since the beginning of 2013 and doesn’t show any signs of slowing down. Here’s a quick recap of the current real estate market conditions in this Torrance neighborhood.

  • In escrow – 8

 

  • Total homes sold in 2014 YTD – 20
  • Average sales price – $627,688
  • Average price per square foot – $474.73