Old Torrance Real Estate and Homes for Sale

Old Torrance CA Real Estate and Homes for Sale

Torrance Real Estate Update for the 2nd Quarter of 2020

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Here’s a quick recap for real estate in Torrance CA during April-June of 2020.  The number of home sales in Torrance dropped dramatically compared with 2019.  Q2 of 2020 saw  225 closed home sales in Torrance in 2020 whereas there were 325 in the same months during 2019.   This major slowdown was primarily the result of all the uncertainty surrounding the coronavirus and the economic shutdown.   While that was the bad news, the rest of the metrics all looked great.  The median selling prices was an impressive $822,000 and days on market was a very short 26.  The average price per foot also jumped quite a bot to $524 from $498 a year earlier.

View the current homes for sale in Torrance CA

June Home Sales and House Prices in Old Torrance and Central Torrance

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June was back to being a busy month for real estate in Old Torrance and the Plaza Del Amo areas.  April and May were very slow due to the concerns and uncertainty of the corona virus situation, but June was back to full swing.

View the current homes for sale in Old Town Torrance

June 202o Home Sales in Old Torrance and Central Torrance

MLS # Type   Addres Price $ Per Foot Bed/Bath Sq Feet Year
SB20066435 COOP/A 3210 Merrill DR   #18 $375,000 $435.54 1/1,0,0,0 861/P 1963/ASR
SB20086294 CONDO/A 2605 Sepulveda BLVD   #309 $450,000 $371.29 2/1,1,0,0 1212/A 2003/ASR
OC20083622 CONDO/A 2367 Jefferson ST   #320 $485,000 $563.95 1/1,0,0,0 860/A 2007/ASR
SB20082785 CONDO/A 1745 Maple AVE   #47 $575,000 $522.73 2/2,0,0,0 1100/A 1963/ASR
SB20060529 CONDO/A 3520 Maricopa ST   #10 $610,000 $456.59 2/2,0,1,0 1336/A 1975/ASR
SB20081329 TWNHS/A 2971 Plaza Del Amo    #233 $633,000 $534.63 2/3,0,0,0 1184/A 1985/ASR
OC20086944 CONDO/A 2800 Plaza Del Amo    #1 $665,000 $522.39 2/2,0,1,0 1273/A 1989/ASR
SW20073641 CONDO/A 2551 Plaza Del Amo    #A $675,000 $416.67 2/3,0,0,0 1620/A 1984/ASR
PV20026907 SFR/D 1122 Maple AVE   $745,000 $679.12 3/1,0,0,0 1097/A 1951/ASR
SB20093308 SFR/D 1211 Kornblum AVE   $800,000 $655.74 2/1,1,0,0 1220/A 1951/ASR
PV20084322 SFR/D 20544 Avis AVE   $990,000 $535.14 3/2,0,0,0 1850/A 1958/ASR
SB20063736 SFR/D 2527 Woodbury    $995,000 $392.35 4/2,0,1,0 2536/A 1991/ASR
Old Torrance
MLS # Type   Address Price $ Per Foot Bed/Bath Sq Feet Year
SB20089913 CONDO/A 1281 Cabrillo AVE   #204 $532,000 $631.08 2/2,0,0,0 843/A 1993/ASR
SB20077834 TWNHS/A 1323 Post AVE   #E $600,000 $631.58 2/1,0,1,0 950/A 2005/ASR
SB20097444 CONDO/A 1281 Cabrillo AVE   #403 $611,000 $724.79 2/2,0,0,0 843/A 1993/ASR
SB20083210 TWNHS/A 911 Cota AVE   #2 $620,000 $534.94 2/1,1,1,0 1159/A 1984/ASR
SB20090186 TWNHS/D 1746 Andreo AVE   $665,000 $396.31 3/2,0,1,0 1678/A 1990/ASR
PV20060214 TWNHS/A 1918 Cabrillo AVE   #C $675,000 $523.26 2/2,0,1,0 1290/A 2007/PUB
SB20085491 SFR/D 2810 Alberta ST   $750,000 $582.75 3/2,0,0,0 1287/E 1950/PUB
SB20097168 SFR/D 819 Cota AVE   $775,000 $891.83 2/2,0,0,0 869/A 1923/ASR
SB20057304 SFR/D 1908 Gramercy AVE   $871,000 $520.31 3/2,0,0,0 1674/A 1948/ASR
PV20102669 SFR/D 1015 Beech AVE   $872,000 $469.83 3/3,0,0,0 1856/A 1946/APP

In general the Torrance real estate market has been very solid thus far for 2020 and doesn’t seem to show any signs of slowing down.

Featured Home – 1746 Andreo

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We thought that this was a really clean and bright home and definitely worth a look. Listed at $690,000 this is a 3 bedroom, 3 bath detached townhome with almost 1,700 square feet.
Contact Torrance real estate specialist for more information or to set up a private showing.

1746 Andreao Avenue – Old Torrance


All information provided is deemed reliable, but is not guaranteed and should be independently verified.
*Square footage approximate based on information from the CRMLS and is not guaranteed.

Torrance Real Estate Recap – April 2020 Home Sales

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Unlike most other South Bay cities, Torrance didn’t see nearly as significant a drop in the number of home sales in April.  Some neighboring towns saw a 60% drop in home sales compared with the year earlier.  Torrance seemed to be the exception with 81 homes sold in April compared with 99 a year earlier.  That’s still a significant drop but, as mentioned, much better than others.  The average days on market was only 24 before going into escrow and median sales price for the month was $792,000.

View all of the current homes for sale in Torrance CA

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

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.