torrance

Real Estate in Torrance - Search homes for sale in Torrance CA > Blog > torrance

Tag: torrance

Torrance real estate 2022

Torrance Real Estate Market Trends and Statistics

The market in Torrance has continued to be very favorable to sellers with the demand so high and the inventory still considerably low.  The past 3 months have seen a slight increase in inventory which may be temporary or may be showing signs that the very beginning of a more balanced market is on it’s way.  Keep in mind that Torrance is a big city and prices, demand, values, and trends can vary considerably throughout the city.  The chart below shows the number of active Torrance homes for sale (light green bar) the number of homes that went into escrow (red line) and the number of homes sold in that month (teal bar).  When the trend shows a monthly increase in homes for sale the market is heading towards a more balanced situation.  At the moment it is very much a sellers market.

For buyers, and especially first time buyers, the chart below is a helpful tool to determine what price to offer.  This is for all of Torrance and different neighborhoods vary, and certainly individual homes can be a different situation depending on what price is was listed at.  For the month of September selling prices were within 3% of the list prices.

What does this mean?

For buyers this generally means that “going in low” is probably not the right strategy.  Consult with your realtor as they should have a handle on what the value of the home should be and whether the asking price was set too high, or too low in the hopes of generating multiple offers and a potential bidding war.

in Torrance Real Estate Posted by Keith Kyle
Single family homes in Torrance

Neighborhood Spotlight – Southwood Torrance Homes for Sale

Welcome to Real Estate in Southwood TorranceHollywood Riviera homes for sale - 340 Via Colusa

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 ocean breezes that other parts of the city don’t enjoy.

Southwood Real Estate and Homes for Sale

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 $900’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 $1,200,000s up to the low $1,600,000’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 Torrance homes for sale

in Buyers, First Time Buyers, Homes for Sale, Sellers, Southwood, Torrance Real Estate Posted by Keith Kyle
Townhomes for sale - 2209 Nelson

July 2014 Median Home Prices in Torrance CA

By Keith Kyle

Townhomes for sale - 2209 Nelson

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
Redondo Beach Hollywood Riviera

Torrance has a beach?

By Keith KyleOceanfront homes on Paseo De La Playa in the Hollywood Riviera of Redondo Beach.

If you look at a map of the South Bay it certainly appears that Torrance lies just east of Redondo Beach and the closest point to the ocean is a mile or two.  That’s not the case as the Hollywood Riviera, with it’s Redondo zip code and mailing address, is actually the city of Torrance with Torrance schools, services, and more.  Included in this small area is actually a beach affectionately known as “RAT” Beach.  It’s not as bad as it sounds as it actually is short for Right After Torrance but either way it’s a beautiful, yet short, stretch of coastline unlike anything in the neighboring cities of Redondo, Hermosa, and Manhattan.  Torrance Beach sits below the bluff of the Hollywood Riviera and those willing to walk just a bit get a great and somewhat private beach with views of Palos Verdes to the south and the more widely known Beach Cities to the north.  Torrance Beach basically starts where the Esplanade of Redondo turns into Calle Miramar at the start of the Hollywood Riviera.

in Activities, Hollywood Riviera, Just for Fun, Torrance Real Estate Posted by Keith Kyle
Single family homes in Torrance

Real Estate Micro Market Update – Southwood Torrance

By Keith Kyle

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.

  • Active homes for sale – 8
  • Lowest list price – $485,000 – 5500 Torrance Blvd #C121
  • Highest list price – $1,199,000 – 21213 Anza Ave
  • Average list price – $753,713
  • Average price per square foot – $483.68
  • Average Days on Market – 35
  • In escrow – 8
  • Total homes sold in 2014 YTD – 20
  • Average sales price – $627,688
  • Average price per square foot – $474.73
in Homes for Sale, Real Estate Trends, Southwood, Torrance Real Estate, Torrance Realtors, West Torrance Posted by Keith Kyle

21213 Anza Ave – Southwood Torrance Home for Sale

Currently the highest priced home in the great neighborhood of Southwood is located at 21213 Anza Ave.  The home is described as:

This is a beautiful 2003-2004 remodeled home with over 3500 square feet of living space. The lot consists of 6741 sq ft professionally landscaped with lush fruit trees, yard art and koi pond. The formal living room has 18 foot ceilings with a magnificent wood staircase that ascends to family sitting room. Off the sitting room there are three bedrooms each having its own private bath. The kitchen and great room are the center of this beautiful home with commercial appliances and granite flooring. On the main floor there is one bedroom with private bath.

The home is quite large for the area and has some interesting features but reaching a number of almost $1.2M on the busy street of Anza (although it’s on a service road off of the main street) seems quite unlikely.  Few homes in the area sell for anywhere near this rarified price and all are located in prime locations.

[idx-listing mlsnumber=”PV14078225″ showall=”true”]

in Buyers, Homes for Sale, Southwood, Torrance Real Estate Posted by Keith Kyle