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

Torrance Real Estate Update – May 2020 Home Sales and House Prices

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The real estate market numbers are in for May and they paint a very interesting picture. The number of home sales during the month was way down with only 49 total on market closed escrows. Compare that with 123 home sales in May of 2019 and it’s hard to dispute that the concerns and uncertainties of the coronavirus hasn’t had a major impact. That being said the prices were very impressive indicating a very strong seller’s market.  One very interesting number was pending home sales.  The pending home sales in Torrance jumped from 45 to 100 between April in May indicating a quick return to the normal hot market in Torrance.

The median list price was $789,900 while the median sold price was $810,000 meaning that most homes sold well higher than the list or asking price. Average price per foot of the homes that sold was $527.

View the current Torrance homes for sale

May 2020 Home Sales and House Prices for Torrance

MLS#
Type
   Address
Price
$ Per Foot
Bed/Bath
Sq Feet
Year
Sold Date
PW20061930
TWNHS/A
 1520 W 227th ST   #6
$497,500
$371.27
3/2,0,1,0
1340/A
2007/PUB
5/1/2020
SB20042729
SFR/D
 1565 W 220th ST  
$685,000
$526.92
3/2,0,0,0
1300/P
1944/PUB
5/12/2020
CV20030647
SFR/D
 1410 Torrance BLVD  
$690,000
$403.51
3/2,0,0,0
1710/A
1956/ASR
5/4/2020
SW20013553
SFR/D
 21315 S Normandie AVE  
$906,990
$476.36
4/3,0,0,0
1904/B
2019/BLD
5/18/2020
SB20052637
CONDO/A
 838 Coriander DR   #D
$290,000
$453.83
1/1,0,0,0
639/P
1973/PUB
5/29/2020
SB19277187
CONDO/A
 23312 Marigold AVE   #T204
$410,000
$384.62
3/2,0,0,0
1066/A
1973/ASR
5/1/2020
SB20050583
SFR/D
 20811 Doble AVE  
$630,000
$484.62
3/2,0,0,0
1300/A
1960/ASR
5/1/2020
SB20072389
SFR/D
 21312 Payne Ave   
$635,000
$490.35
3/2,0,0,0
1295/A
1960/ASR
5/27/2020
20561844
TWNHS
 3090 Newton ST  
$810,000
$437.37
2/2,0,1,0
1852/
2003
5/15/2020
PV20039796
TWNHS/A
 3922 W 242nd ST  
$861,000
$570.58
3/2,0,0,1
1509/B
2020/BLD
5/22/2020
PV20016706
TWNHS/A
 3918 W 242nd ST  
$935,000
$598.21
3/3,0,0,0
1563/B
2020/SLR
5/7/2020
SB19234953
TWNHS/A
 3534 Emerald ST  
$475,000
$599.75
2/1,0,0,0
792/A
1985/ASR
5/15/2020
SB20047379
COOP/A
 3115 Merrill DR   #44
$485,000
$309.51
3/1,1,0,0
1567/E
1963/PUB
5/13/2020
SB20023026
CONDO/A
 1745 Maple AVE   #45
$576,000
$338.82
3/2,0,0,0
1700/T
1963/ASR
5/5/2020
SB20056313
TWNHS/A
 2595 Plaza Del Amo    #420
$743,000
$519.94
2/2,0,1,0
1429/A
1987/ASR
5/4/2020
SB20033195
TWNHS/A
 3468 Del Amo BLVD  
$757,300
$453.47
4/2,0,1,0
1670/A
1974/ASR
5/6/2020
SB20057470
SFR/D
 1316 Cordary AVE  
$854,000
$540.51
3/1,1,0,0
1580/A
1951/PUB
5/29/2020
SB20018489
SFR/D
 4902 Pacific Coast   
$989,000
$658.89
3/0,2,0,0
1501/A
1953/ASR
5/6/2020
SB20067312
SFR/D
 4817 Zakon RD  
$900,000
$777.20
3/1,0,1,0
1158/A
1956/ASR
5/12/2020
SB20028943
SFR/D
 5133 Macafee RD  
$928,000
$705.70
3/1,1,0,0
1315/S
1949/ASR
5/20/2020
SB19274713
SFR/D
 24005 Los Codona AVE  
$935,000
$377.02
4/3,0,1,0
2480/A
2001/ASR
5/1/2020
SB20053113
SFR/D
 23003 Evalyn AVE  
$945,000
$624.59
3/2,0,0,0
1513/A
1954/ASR
5/6/2020
OC20068314
SFR/D
 4146 W 229th ST  
$950,000
$564.13
4/3,0,0,0
1684/E
1968/ASR
5/29/2020
PV20055168
SFR/D
 4418 W 233rd ST  
$1,140,000
$583.42
4/2,0,0,0
1954/A
1960/ASR
5/1/2020
SB20076678
SFR/D
 23202 Ladeene AVE  
$1,150,000
$608.47
4/2,0,0,0
1890/A
1960/ASR
5/27/2020
SB20078065
CONDO/A
 5500 Torrance BLVD   #C231
$647,500
$506.25
3/2,0,0,0
1279/A
1990/ASR
5/29/2020
SB20068601
SFR/D
 4302 Lenore ST  
$850,000
$673.00
4/2,0,0,0
1263/A
1956/ASR
5/29/2020
IV20053830
SFR/D
 21301 Marjorie AVE  
$900,500
$496.96
3/1,2,0,0
1812/P
1956/PUB
5/13/2020
SB20058366
SFR/D
 21601 Redbeam AVE  
$915,000
$624.15
4/2,0,0,0
1466/A
1955/PUB
5/1/2020
SB20064702
SFR/D
 4636 Bulova ST  
$815,000
$732.91
3/1,0,0,0
1112/A
1954/ASR
5/5/2020
SB20057420
SFR/D
 19517 Beckworth AVE  
$830,000
$750.45
3/1,0,0,0
1106/A
1955/ASR
5/13/2020
SB20048503
TWNHS/D
 4126 Spencer ST  
$878,000
$485.62
3/2,0,1,0
1808/A
2004/ASR
5/18/2020
SB20089850
SFR/D
 5129 Towers ST  
$889,000
$694.53
3/1,0,0,0
1280/A
1954/ASR
5/29/2020
SB20056899
SFR/D
 5618 Sara DR  
$1,331,000
$577.44
4/2,1,1,0
2305/A
1959/ASR
5/12/2020
DW20075598
SFR/D
 3424 W 182nd ST  
$544,000
$451.45
3/2,0,0,0
1205/A
1956/ASR
5/29/2020
SB20066595
SFR/D
 17002 Glenburn AVE  
$700,000
$650.56
3/1,0,0,0
1076/A
1948/PUB
5/20/2020
SB20063842
SFR/D
 4038 W 176th ST  
$767,600
$510.71
3/0,2,0,0
1503/A
1952/ASR
5/8/2020
SB20073281
SFR/D
 4315 W 176th ST  
$830,000
$484.25
3/2,0,1,0
1714/A
1952/ASR
5/21/2020
MB20075692
SFR/D
 21319 Berendo AVE  
$530,000
$409.27
3/2,0,0,0
1295/A
1959/ASR
5/15/2020
SB20061751
SFR/D
 16107 Van Ness AVE  
$665,000
$449.93
4/1,1,0,0
1478/A
1956/ASR
5/14/2020
PW20068122
SFR/D
 1948 W 187th PL  
$693,000
$550.00
3/1,1,0,0
1260/A
1958/ASR
5/19/2020
SB20037460
SFR/D
 17315 Atkinson AVE  
$717,000
$616.51
3/2,0,0,0
1163/A
1947/ASR
5/7/2020
SB20063236
SFR/D
 18312 Wilton PL  
$875,000
$538.79
3/2,0,0,0
1624/A
1962/ASR
5/22/2020
SB20048696
SFR/D
 2139 Del Amo BLVD  
$775,000
$394.20
5/3,0,0,0
1966/A
1996/ASR
5/19/2020
SB20072657
CONDO/A
 22734 Cypress ST  
$615,000
$447.60
3/3,0,0,0
1374/A
1974/ASR
5/29/2020
SB20074635
SFR/D
 1719 W 239th ST  
$747,000
$576.39
3/2,0,0,0
1296/A
1956/ASR
5/27/2020
SR20074960
SFR/D
 23811 Huber AVE  
$780,000
$601.85
3/2,0,0,0
1296/A
1956/ASR
5/27/2020
PV20077152
SFR/D
 2359 W 230th ST  
$879,000
$407.13
4/2,0,0,0
2159/T
1971/ASR
5/28/2020
PW20042087
SFR/D
 2217 W 234th ST  
$1,155,000
$340.71
4/3,0,0,0
3390/A
1991/ASR
5/8/2020

Is the Torrance Real Estate Market Bouncing Back?

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Torrance real estate is always pretty solid as there’s just so much demand for homes in the area.  As the most diverse city in the area with the biggest variety of homes and price range, it also is a bit insulated from factors that might impact one specific type home or price point.  Having said that the number of homes that have sold in May and April were dramatically down from the previous year.  May saw a 60% drop in the number of homes that sold from a year earlier.  May also had a very positive trend however with the number of pending home sales  (homes in escrow) going from 45 in April to 100 in May which should indicate a big rebound in June and July closed sales.

View the current houses for sale in Torrance.

Compare that with Redondo Beach home sales and pending escrows for another idea of how quickly that’s rebounding.  Redondo Beach saw 40 pending sales in April but only jumped to 55 in May.  While Redondo Beach real estate is somewhat of a different animal, it does help show how strong the Torrance real estate market appears to be.

 

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.