Torrance Real Estate Recap – 2018 Year in Review

By Keith Kyle

2018 was a banner year for real estate in Torrance CA. Demand was extremely high and prices continued to rise throughout the year with a slight drop towards the winter months which is not unusual.  The number of homes for sale really ramped up after spring from a low of 76 homes on the market in January to a high of 167 homes for sale in July.  There were 1,195 residential “on market” home sales in Torrance for the year.  These statistics do not include the homes in the Hollywood Riviera with Redondo mailing address but actually in Torrance.

Homes Selling At or Above Asking Price

One extremely impressive indicator of just how strong the market remained through the year was the % difference between list price and sold price (how close the sellers were to full asking price).  In seven of the months the average home sold at, or above the average list price and in the remaining 5 months they were within a percent or 2 of full list price.  That’s a sign of an extremely seller friendly market.

See the current homes for sale in Torrance

Days on Market Very Low

Another solid indicator was the average days on market with only topped 30 days once….in January of 2018.  Median prices for the year generally overed between $700,000 and $800,000.

Date January February March April May June July August September October November December
For Sale 76 78 88 111 144 149 167 165 149 164 165 119
New Listing 94 104 121 147 147 163 162 146 110 136 103 59
Sold 59 52 97 95 110 115 131 135 112 112 97 74
Pended 72 86 104 107 113 135 124 136 95 101 85 85
Avg. Active Price  $757.000  $749.000  $815.000  $820.000  $814.000  $780.000  $819.000  $809.000  $ 803.000  $771.000  $727.000  $724.000
Avg. Sold Price  $714.000  $739.000  $709.000  $739.000  $806.000  $747.000  $715.000  $721.000  $765.000  $744.000  $735.000  $766.000
Avg. Sq. Ft. Price (Sold) 488 484 484 483 503 504 482 495 497 469 495 494
Sold/List Diff. % 100 101 102 102 102 101 101 100 100 99 99 100
Sold/Orig LP Diff. % 99 100 101 101 102 101 100 99 100 98 98 98
Avg Days on Market 34 26 22 22 19 20 23 21 25 30 27 29
Median Sold Price 700,000 705,000 690,000 740,000 800,000 732,000 695,000 735,000 743,000 716,000 710,000 758,000

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