Old Torrance Real Estate and Homes for Sale

Old Torrance CA Real Estate and Homes for Sale

Home Sales and Property Prices in Old Torrance in October

by Leave a Comment

October was a great month for home sales in Old Torrance and the Torrance CA real estate market in general.  9 homes, townhomes and condos sold during the month which is a very solid number but a definite dropoff from the incredible 15 homes that sold in both August and September.

October Home Sales in Old Torrance

Type Address Price $ Per Foot Bed/Bath Sq Feet Year Sold Date
CONDO/A 1301 Cabrillo AVE #211 $400,000 $660.07 1/1,0,0,0 606/A 1993/ASR 10/7/2020
SFR/D 812 Crenshaw BLVD $550,000 $848.77 1/1,0,0,0 648/A 1946/ASR 10/16/2020
CONDO/D 1301 Cabrillo AVE #419 $590,000 $699.88 2/2,0,0,0 843/A 1993/ASR 10/7/2020
SFR/D 2367 Sonoma ST $720,000 $948.62 2/1,0,0,0 759/AP 1927/ASR 10/13/2020
TWNHS/A 1021 Cravens AVE #19 $750,000 $468.75 3/2,0,1,0 1600/A 2007/OTH 10/19/2020
SFR/D 816 Cota AVE $800,000 $921.66 3/1,0,0,0 868/A 1923/ASR 10/27/2020
SFR/D 2114 Martina AVE $875,000 $480.24 5/2,1,0,0 1822/A 1938/ASR 10/23/2020
DPLX/D 2224 Torrance BLVD $890,000 $395.73 5/2,1,1,0 2249/A 1941/PUB 10/9/2020
TWNHS/A 1800 Oak ST #414 $915,000 $450.74 3/3,0,0,0 2030/A 2007/ASR 10/8/2020

 

We are Torrance real estate specialists and top Torrance realtors…..feel free to contact us for all of your Torrance real estate needs.

Pending Home Sales Really on the Rise in Torrance

by Leave a Comment

Pending home sales just keep going up which means that the closed sales will follow the same trend line.  July was the 4th straight month that the number of pending homes sales increased.  July saw 132 pending home sales which was the highest number since August of 2019 that saw the same number.  View the homes that sold in Torrance during July.

View the current homes for sale in Torrance

Torrance Real Estate Update for the 2nd Quarter of 2020

by Leave a Comment

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 Recap – April 2020 Home Sales

by Leave a Comment

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?

by Leave a Comment

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

by Leave a Comment

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.