Old Torrance Real Estate and Homes for Sale

Old Torrance CA Real Estate and Homes for Sale

What’s Happening in the Torrance Real Estate Market?

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Just like all cities and towns, the coronavirus uncertainty has impacted real estate in Torrance CA as well.  We’re probably far more insulated than some other areas but there’s no doubt it’s playing a large role in the current market.  April saw the fewest number of pending home sales in the past few years with only 45 homes going into escrow.  Compare that with 11 pending sales a year earlier and it’s pretty clear we’re entering a much slower market. The real estate market in Old Torrance was equally impacted with only 1 home entering escrow during April compared with 4 the previous April and 5 just a month earlier.

View the current homes for sale in Torrance

The chart below shows the number of active listings (light green) sold homes (dark green) and pending home sales (red line)  The greater the discrepancy between active homes and sold homes indicates a buyers market and when the numbers are closer a sellers market is indicated as inventory is down.

The chart below shows the average price per square foot. Square footage in the South Bay often doesn’t mean as much as in other markets as values can vary so dramatically due to things such as proximity to the beach, views, specific neighborhoods.

The chart below shows the average days on market per month as well as the % of list price that homes sold at.  A high % indicates a sellers market as home sell at, or above list price.

The chart below shows the average price for listed home sales in relation to the average price for sold homes.

The chart below indicates the months of home inventory based on closed home sales.  Buyer’s market: more than 6 months of inventory  Seller’s market: less than 3 months of inventory  Neutral market: 3 – 6 months of  inventory

By The Numbers – April Home Sales & Prices in Torrance

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While the coronavirus definitely impacted the Torrance real estate market, the impact on Torrance was fairly limited for April.  In April 2020, Torrance had 81 home sales for the  which was well below the 99 sold homes from this time a year ago but still a solid number compared with the dropoff in some other cities.  The median list price for the homes that sold was $789,000 with the median “sold” price of $779,000 indicating a strong seller’s market.

View the current homes for sale in Torrance

Home For Sale in April 2020: 102 units.
• Up 24.4% compared to last month
• Down 32% compared to last year

Home Closed in April 2020: 79 units.
• Down 9.2% compared to last month
• Down 20.2% compared to last year

Home Placed under Contract in April 2020: 45 units.
• Down 43% compared to last month
• Down 59.1% compared to last year

April Home Sales and Home Prices for Torrance

Type
 Address
Price
$ Per Foot
Bed/Bath
Sq Feet
Year Built
CONDO/A
1614 W
 207th ST
#2
$515,000
$266.84
3/2,0,1,0
1930/A
2006/ASR
SFR/D
20848
 Denker Ave   
$630,000
$690.79
2/1,0,0,0
912/OTH
1954/OTH
SFR
21911
 NORMANDIE AVE  
$650,000
$527.60
2/1,0,0,0
1232/
1948
SFR/D
1060 W
 220th ST  
$650,000
$435.66
4/2,0,0,0
1492/A
1952/ASR
SFR/D
1326
 Harmony WAY  
$655,000
$324.90
4/3,0,0,1
2016/A
2007/ASR
SFR/D
21223 S
 Normandiee AVE  
$862,990
$453.25
4/3,0,0,0
1904/B
2019/BLD
SFR/A
21455 S
 Normandie AVE
$916,990
$403.78
4/3,0,0,0
2271/B
2019/BLD
CONDO/A
1119
 Sepulveda BLVD#H202
$340,000
$427.14
2/1,0,0,0
796/A
1973/ASR
CONDO/A
20516 S
 Vermont AVE#56
$375,000
$387.00
2/1,1,0,0
969/A
1978/ASR
CONDO/A
22224 S
 Vermont AVE#102C
$435,000
$388.39
2/2,0,0,0
1120/A
1985/ASR
TWNHS/A
22533 S
 Vermont AVE#72
$445,000
$361.49
2/1,0,1,0
1231/A
1982/ASR
TWNHS/A
22330
 Harbor Ridge LN #5
$505,000
$392.39
3/1,0,1,0
1287/A
1980/ASR
TWNHS/A
22326
 Harbor Ridge LN #2
$520,000
$353.26
3/2,0,1,0
1472/A
1979/PUB
TWNHS/A
1126 W
 228th ST
#19
$549,000
$403.08
3/2,0,1,0
1362/A
1988/ASR
SFR/D
801 W
 213th ST  
$620,000
$343.11
3/2,0,0,0
1807/A
1976/ASR
SFR/D
3132
 Dalemead ST
$855,000
$673.23
3/2,0,0,0
1270/A
1950/ASR
SFR/D
3244
 Danaha St
$880,000
$767.89
3/2,0,0,0
1146/A
1950/ASR
SFR/D
2643
 Loftyview DR
$950,000
$627.48
3/2,0,0,0
1514/A
1954/ASR
SFR/D
2634
 Loftyview DR
$950,000
$583.54
3/1,1,0,0
1628/A
1954/ASR
SFR/D
4134
 Pacific Coast #134
$1,145,000
$405.45
5/4,0,0,0
2824/A
2001/ASR
CONDO/A
3030
 Merrill DR #1
$502,800
$369.43
2/1,1,0,0
1361/T
1963/ASR
COOP/A
3205
 Merrill DR #20
$525,000
$388.89
3/1,1,0,0
1350/E
1963/ASR
TWNHS/A
1704
 Elm AVE #23
$690,000
$357.14
3/2,0,1,0
1932/E
1981/ASR
TWNHS/A
2931
 Plaza Del #22
$715,000
$525.35
2/2,0,1,0
1361/A
1985/ASR
TWNHS/A
2595
 Plaza Del #419
$745,000
$480.96
3/3,0,0,0
1549/A
1986/ASR
TWNHS/A
2300
 Maple AVE #178
$750,000
$431.53
3/3,0,0,0
1738/A
1988/ASR
CONDO/A
3538
 Torrance #192
$776,000
$466.07
3/2,0,1,0
1665/A
2005/ASR
TWNHS/D
2785
 Maricopa
$939,000
$373.81
4/3,0,0,0
2512/A
2005/ASR
SFR/D
2116
 Bridgeport Way
$1,000,000
$410.00
3/2,0,1,0
2439/A
1988/ASR
SFR/D
1122
 Cranbrook Ave
$1,192,000
$430.64
6/3,0,1,0
2768/A
1951/ASR
CONDO/A
24410
 Crenshaw BLVD #317
$315,000
$483.87
1/1,0,0,0
651/A
1987/PUB
CONDO/A
22625
 Nadine CIR#B
$420,000
$376.01
2/2,0,0,0
1117/A
1963/ASR
CONDO/A
23028
 Nadine CIR#B
$460,000
$411.82
2/2,0,0,0
1117/A
1963/ASR
SFR/D
22632
 Greenwoo>d AVE
$865,000
$621.41
3/2,0,0,0
1392/P
1960/ASR
SFR/D
2729 W
 230th ST
$960,000
$597.76
3/1,1,0,0
1606/A
1960/ASR
SFR/D
24707
 Via Valmonte
$928,000
$623.24
2/2,0,0,0
1489/P
1970/ASR
SFR/D
4818
 Greenmeadows AVE
$950,000
$538.55
4/2,0,0,0
1764/A
1953/ASR
SFR/D
4709
 Greenmeadows AVE
$1,075,000
$614.99
3/1,1,0,0
1748/A
1953/ASR
SFR/D
5505
 Riviera Way
$2,225,000
$646.80
4/4,0,0,0
3440/B
2019/BLD
CONDO/A
22218 S
 Vermont Ave#102C
$430,000
$383.93
2/2,0,0,0
1120/A
1985/ASR
SFR/D
4210
 Cathann St
$949,000
$623.52
3/2,0,0,0
1522/A
1956/ASR
CONDO/A
5500
 Torrance #C121
$660,000
$516.03
3/2,0,0,0
1279/A
1990/ASR
SFR/D
21806
 Anza AVE
$849,000
$744.74
3/1,1,0,0
1140/A
1956/ASR
SFR/D
4710
 Scott ST
$900,000
$765.96
3/1,1,0,0
1175/A
1955/ASR
CONDO/A
5500
 Torrance Blvd #A309
$685,000
$495.30
3/2,0,0,0
1383/A
1990/ASR
SFR/D
19609
 Talisman St
$860,000
$575.64
3/2,0,0,0
1494/A
1954/ASR
SFR/D
4810
 Carmelynn
$865,000
$596.55
3/1,0,0,0
1450/S
1955/ASR
TWNHS/A
4410
 Emerald ST#46
$899,999
$395.26
3/1,1,1,0
2277/P
1981/PUB
SFR/D
4520
 Darien ST
$946,900
$862.39
3/1,0,0,0
1098/A
1954/ASR
SFR/D
5214
 Arvada ST
$965,000
$861.61
3/1,1,0,0
1120/A
1954/PUB
SFR/D
19516
 Ronald AV
$965,000
$835.50
3/1,1,0,0
1155/A
1956/ASR
SFR/D
19309
 Donora AV
$1,015,000
$686.27
3/2,0,1,0
1479/A
1955/ASR
SFR/D
19715
 Redbeam
$1,125,000
$674.87
3/2,0,0,0
1667/A
1969/ASR
SFR/D
5602
 Marialinda
$1,180,000
$737.50
3/2,0,0,0
1600/S
1959/ASR
SFR/D
5609
 Marialinda
$1,200,000
$650.05
4/2,0,0,0
1846/A
1959/ASR
SFR/D
19202
 Beckworth Ave
$1,400,000
$590.47
4/2,0,0,0
2371/A
1954/ASR
SFR/D
3418 W
 172nd ST
$755,000
$516.77
3/2,0,0,0
1461/A
1953/ASR
SFR/D
18929
 Roselle AV
$780,000
$428.34
4/1,2,0,0
1821/A
1968/ASR
SFR/D
4217 W
 175th PL
$860,000
$416.87
4/2,0,0,0
2063/A
1976/ASR
SFR
4146 W
 177TH ST
$925,000
$404.46
4/2,0,1,0
2287/
1952
TWNHS/A
18421
 Van Ness AVE
$550,000
$416.35
3/2,0,1,0
1321/A
1964/ASR
TWNHS/A
2052
 Artesia BL #B
$620,000
$371.04
3/3,0,0,0
1671/A
2001/OTH
SFR/D
16010
 Illinois CT\
$750,000
$370.92
5/3,0,0,0
2022/A
1950/ASR
SFR/D
2007 W
 180TH ST 4315
$779,000
$575.76
3/1,1,0,0
1353/A
1957/ASR
SFR/D
2615 W
 166th PL W
$835,000
$642.31
3/1,1,0,0
1300/A
1955/ASR
SFR/D
16515
 Purche AV E
$850,000
$450.69
3/2,0,1,0
1886/A
1955/ASR
SFR/D
16923
 Cranbrook AVE
$885,000
$441.84
4/2,0,0,0
2003/A
1956/ASR
TWNHS
1262
 ENGRACIA AVE
$590,000
$671.98
2/1,0,1,0
878/
2005
TWNHS/A
1956
 Plaza Del Amo #A
$618,000
$446.85
3/3,0,0,0
1383/A
1987/ASR
SFR/D
2435
 Cabrillo AVE
$725,000
$620.72
3/1,0,0,0
1168/A
1942/ASR
TWNHS/D
1911
 Gramercy AVE
$730,000
$507.65
3/2,0,0,0
1438/A
1990/ASR
CONDO/A
759
 Border AVE
$750,000
$483.87
3/2,0,1,0
1550/A
2005/PUB
SFR/D
2216 W
 236th PL
$720,000
$549.62
4/1,1,0,0
1310/A
1955/ASR
SFR/D
2826
 Gramercy AVE
$765,000
$728.57
3/2,0,0,0
1050/A
1947/ASR
SFR/D
2379 W
 230th ST
$808,000
$481.53
3/1,1,1,0
1678/A
1958/ASR
SFR/D
2350 W
 228th ST
$903,000
$393.29
4/2,1,0,0
2296/A
1963/ASR
SFR/D
1832 W
 243rd Pl
$926,000
$493.08
4/2,0,0,0
1878/A
1964/ASR
SFR/D
2228 W
 231st ST
$980,000
$517.70
4/3,0,0,0
1893/P
1973/PUB
CONDO/A
1528
 Marcelina AVE #F
$485,000
$575.33
2/1,0,0,0
843/A
1991/ASR
SFR/D
20603
 Berendo AVE
$590,000
$512.15
3/2,0,0,0
1152/A
1930/PUB
SFR/D
720 W
 214th ST
$607,000
$404.13
3/2,0,0,0
1502/A
1950/PUB

Housing Inventory in Old Torrance Extremely Low

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If you’re looking to purchase a home in the neighborhood of Old Torrance you may have to wait a little longer.  The number of active listings continues to go down and compared with March 2019 the difference is striking. There were 20 active listings on the MLS in March of 2019 compared with only 6 active listings this year.  Currently as of 4/20 there are only 5 available properties.  View all of the Old Torrance real estate statistics and trends.  The trend was pretty consistent city wide with the current homes for sale in Torrance almost half of the previous year.

View the current homes for sale in Old Torrance

 

Let’s Explore – South Torrance Real Estate and Homes for Sale

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South Torrance, which is located just north of the Palos Verdes foothills and just east of Redondo Beach, is one of the most sought after neighborhoods in all of Torrance.  It’s close enough to the beach to get the cool ocean breezes, but is often spared from the early summer fog making it just about ideal.   The area offers great schools and a real “community” feel with tree lined streets, appropriately sized home (few McMansions) and a friendly vibe.

One of the highlights is a tract known as Seaside Ranchos which is locally famous as the “Christmas Lights” area every December.   This neighborhood also has some very large lots meaning unique homes with incredible outdoor areas.

As with all real estate in the South Bay, home prices and values have gone up considerably in the past few years.  Here’s a look at the current homes for sale along with a chart showing south Torrance real estate trends and statistics so that you can get a better handle on real estate in this charming neighborhood.  Take a look at our Torrance real estate site to view more information on west Torrance as well as homes and information on the other neighborhoods of Torrance CA.

Current Homes for Sale in South Torrance


South Torrance Real Estate Trends and Statistics

Chart below shows the last 15 months. Light green bar indicates the number of active listings or active homes for sale. The red line is the number of pending sales or homes that went into escrow and the dark green bar shows the number of closed home sales.

Keith Kyle is a Torrance real estate specialist and a top producing realtor with Vista Sotheby’s International Realty.

Choosing a Realtor – Advice for Home Sellers in Old Torrance and the South Bay

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Deciding to sell your home is a very big decision.  Whether it’s the home you’ve lived in for 30 years, a rental property, or a secondhome…..it’s a big decision with a lot of implications.  Choosing the right realtor is critical.  It’s not necessarily just about getting the highest price (although that’s usually the priority) but also about who can make the process the least stressful, who you can trust to put your best interest ahead of theres, who can help you navigate the challenges that lie ahead.

While all of that is very important the bottom line is usually…..the bottom line.  Getting the most for your home means doing what it takes to stand out, to look sharp, to capture the attention of prospective buyers.  It’s important to do a little research…even when a friend or colleague gives you a name.

So where to start?

Our advice as to the first thing to do when researching a listing agent is look up some of their old listings.  There’s such an obvious disparity between the good listing agents and mediocre (or just plain bad) realtors that it’s usually not too difficult to determine which is which.  Ask to see their past listings to see how they helped prepare the home, how they presented the home, and whether they took pride in their work.  Every agent wants to get a home sold, but great listing agents understand that each listing is a reflection of them and their level of expertise and professionalism.  Looking over past listings it’s easy to see…..did they simple snap a few pictures or did they use a professional photographer, did they create any video to make your home stand out, did they take the time to prepare the home for both photos and showings/open houses (i.e. did they have everything looking it’s best or were they too lazy to move the trash can out of the photo).

Once you see who puts the extra effort you can start interviewing from there.  You’ll know the good or great ones quickly and equally important…you’ll know who is just going through the motions or just plain bad at what they do.

Contact us for any questions or to find out how we work and how we can help.