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Just Listed in The Breakers – 2889 Plaza Del Amo #515

2889 Plaza Del Amo #515 Torrance CA

Freestanding home in gated Breakers at Del Amo Lists for $1,299,000

Click here to see the MLS listing and current status

The latest home for sale in and around the Plaza Del Amo area is spacious  4 bedroom freestanding home in The Breakers at Del Amo.

2889 Plaza Del Amo #515 is listed by Cari Corbalis and Forrest Graham of Vista Sotheby’s International Realty.

As we haven’t personally toured the home and there are currently no interior photos we’re not sure the condition although the listing notes that it is well-maintained.

The gated community of The Breakers offers a nice pool deck and spa, BBQ area and small grassy park area. HOA fees are very reasonable, due, in large part to all of the homes being freestanding so no shared walls.  The community is well located and just down the road from Wilson Park and weekly farmers markets with seemingly endless areas nearby for shopping, dining and outdoor activities.

Contact Torrance real estate specialist Keith Kyle with Vista Sotheby’s International to request more information or to arrange a private tour.

The Breakers in Plaza Del Amo Torrance
Click here to request more information or request a private showing

2889 Plaza Del Amo Unit #515 Basics

  • 4 bedrooms
  • 3 bathrooms
  • 2,806 square feet (buyer to verify)
  • $225 monthly HOA dues
  • Built in 2002
  • 2 car attached garage
  • Central heat & A/C
  • Located in the community of Breakers at Plaza Del Amo
  • Listed by Cari Corbalis & Forrest Graham – Vista Sotheby’s International Realty – 310-375-0583 & 310-357-3843
  • Listed for $1,299,000

2889 Plaza Del Amo Unit#515 in The Breakers – For Sale at $1,299,000

Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
in Central Torrance, Homes for Sale, Parks in Torrance, Plaza Del Amo, Real Estate Market, Realtor Keith Kyle, Torrance, Torrance home prices, Torrance homes for sale, Torrance Real Estate, Torrance Realtors, Vista Sotheby's International Posted by Keith Kyle
Coins in tabular chart

Historical Interest Rates since 1972

Many Torrance CA buyers are concerned with interest rates rising with the Fed making it clear that rates will slowly increats.  That’s certainly a valid concern for potential Torrance homebuyers as a higher interest rate means a higher monthly payment which most often means a lower priced home.  Taken in historical standpoint the current rates are dramatically lower than at just about any other time.  The chart below shows the interest rate on conventional and conforming 30 year fixed rate mortgages.  As we’ll see we’ve basically seen rates drop consistently since the high water mark of 16.3% in 1981.  It certainly makes todays current rate in the mid 4% range seem pretty enticing.

 

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

 

in Hollywood Riviera, Home Prices, Homes for Sale, Torrance Real Estate Posted by Keith Kyle
Park Plaza in Plaza Del Amo Torrance

Home Sales and Median Home Prices in Torrance for August 2016

By Keith Kylepark-plaza-plaza-del-amo-sign

August 2016 saw another strong month for homes throughout the South Bay and Torrance.  Torrance, CA reached a 179 homes sold in the month of August with a median home price of $645,000.  As of October 18th 2016 there are 151 active homes and income properties for sale in Redondo Beach and 173 homes currently in escrow.  The lowest price of the month was a one bedroom condo in a 55+ building at $215,000 with the highest sale a $1,225,000 for a single family home in the Southwood community of Torrance.  Of all the homes sold only one was a short sale or foreclosure showing just how much of a non factor short sales are becoming in Torrance.   View the current homes for sale in Torrance, CA or view a list of the homes sold in Redondo Beach and the South Bay in August.

City Homes Sold August 2016 Median August 2015 Median Yearover Year % Change%
Carson 56 $450,000 $430,000 4.7%
El Segundo 15 $1,075,000 $780,000 37.8%
Gardena 43 $470,000 $399,000 17.8%
Harbor City 24 $523,000 $450,000 16.1%
Hawthorne 47 $575,000 $493,000 16.8%
Hermosa Beach 22 $1,723,000 $1,389,000 24.%
Lawndale real estate 16 $498,000 $437,000 13.8%
Lomita 23 $619,000 $510,000 21.4%
Long Beach 348 $463,000 $459,000 .8%
Manhattan Beach 36 $1,800,000 $1,923,000 -6.4%
Marina Del Rey 24 $1,059,000 $928,000 14.1%
Palos Verdes Estates 42 $1,412,000 $1,815,000 -22.2%
Playa Del Rey 16 $623,000 $560,000 11.2%
Rancho Palos Verdes 57 $1,065,000 $1,155,000 -7.8%
Redondo Beach 100 $968,000 $842,000 15%
San Pedro 70 $481,000 $475,000 1.3%
Torrance 179 $645,000 $585,000 10.3%
Westchester 44 $1,093,000 $890,000 22.7%
in 55+ Homes, Home Prices, Homes for Sale, Real Estate Market, Torrance Real Estate Posted by Keith Kyle
Torrance open houses

Will Overpricing Help Slow the Torrance Market Down?

By Keith KyleCoins in tabular chart

I’ve noticed an early January trend in some of the local markets as many homes now seem to be listed at prices that recent sales just don’t seem to justify. Will this overpricing help slow the market down a little as we’re starting to see some homes sit on the market and even eventual price reductions.

We’ve seen the market increase in value dramatically in the past 12 months with values generally rising each month but since late November we seem to be seeing more homes priced well above the current market and well above the pricing trend. Only time will tell what 2014 has in store in the Beach Cities real estate market but as perception is such a real part of real estate, buyers now seeing homes sit on the market without selling may mark the beginning of a slow down.

in Buyers, First Time Buyers, Real Estate Market, Real Estate Trends, Torrance Real Estate Posted by Keith Kyle