Torrance, CA Real Estate News

By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
South Bay Real Estate Report for August '23South Bay real estate market is now a seller's market due to the very low inventory, stagnant home sales, high interest rates reducing the buyer pool.  While the sales numbers are down, the prices are steady or a bit higher when compared to a year ago. See our July Report to compare numbers on the month to month basis. Higher interest rates have impacted buyers but the low inventory dampens their impact on home prices.Below are real estate market reports for selected major markets in South Bay CA and Beach Cities - Torrance and Redondo Beach. Below you'll find property selling data in August '23 vs. August '22, broken down by property type. Torrance home sales were down by 9 percent while the average sales price for single family homes was up b...
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By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
More from my favorite, Jake Hamilton, May his music bring more and more revival to America and Southern California in particular. I pray that revival will start in Torrance, California at Coast Christian Church and flood the  Nation of America now , in Jesus Name. Have a blessed Saturday!
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
Buying a Torrance home just got easier with a new Homebuyers Tax Credit bill, which was signed into law last week. The bill extends the tax credit for first-time homebuyers, as well as opens it up to current homeowners who are looking to buy. And even if you aren't looking to purchase - pass on this article to anyone you think might be in the market to do so. This is information that might benefit them greatly, and I'll be happy to be of service to them. Here is a brief overview of the Homebuyers Tax Credit - and its benefits - based on the new bill.Tax Credit for First-Time Homebuyers FTHBs (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available cr...
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
  The Torrance average sales price decreased by 1.2 percent in October 2009 compared to October 2008, bringing the average price to $513,136The  number of sales went down significantly.  This drastic drop in sales last month, after continuous increase over last few months, might be a result of a decrease in the number of foreclosure sales in Torrance. Please note the number of sales is still larger on the month to month basis. Torrance SoldListings AverageSales Price AverageDOM  October 2009 120  $513,136 45  October 2008 243  $519,368 50 *All stats are compiled from the Multi Regional  Multiple Listing Service. Information is deemed reliable but not guaranteed.  Increased sales, on the month to month basis,  in Torrance reflect a stabilization of the South Bay real estate market as hom...
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By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
Foreclosure Services will  release new flood of foreclosures in the current market, if you want a list of Foreclosures in the South Bay,  Torrance, Lomita, Carson,Palos Verdes, Redondo Beach, Manhattan Beach or Long Beach just email me and I will be happy to set you up on my free listing service. I have sold several Foreclosures this year and I will also send you the specifics on what is involved, What kind of Buyers the Banks are accepting first, and how to protect yourself and your investment when buying a foreclosure. More foreclosure listings for you in The Torrance, Gardena, Carson, Lomita and Harbor City Areas: South Torrance, Great Nieghborhood, Lovely 3 bedroom/1 bath in prime South Torrance School District. Great for first time buyer looking for location. Asking Price is $589,9...
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By Rachel Martiens and Kathy Tyndall = The Tyndall Team, Love Living In The South Bay
(RE/MAX ESTATE PROPERTIES)
There are currently two homes for sale in the Pacific Colony: 5513 Lorna   $995,000 5532 Maricopa $975,000 Currently there is one home in escrow in the Pacific Colony: 5562 Maricopa $978,000 If you would like more informtion about the gated community of Pacific Colony please contact:  
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By Rachel Martiens and Kathy Tyndall = The Tyndall Team, Love Living In The South Bay
(RE/MAX ESTATE PROPERTIES)
Kathy and I sold two homes in La Terrazza this year. Both sold within a month and within 5% of the listing price. I saw today there is a new listing in La Terrazza. A short sale priced at $569,000! A considerably less amount then what our listings sold for. For details please visit: www.rtyndall.com
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By Rachel Martiens and Kathy Tyndall = The Tyndall Team, Love Living In The South Bay
(RE/MAX ESTATE PROPERTIES)
Today there are only 5 single family homes for sale in Old Torrance.There is a total of 31 properties in escrow in Old Torrance this includes, condos and townhomes. The lowest priced home in Old Torrance is currently listed for $460,00. To search all the open houses and homes for sale in Old Torrance go to:http://rachelandkathy.listingbook.com/ To visit the Old Torrance real Estate website please visit: http://oldtorrancerealestate.wordpress.com/
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By Rachel Martiens and Kathy Tyndall = The Tyndall Team, Love Living In The South Bay
(RE/MAX ESTATE PROPERTIES)
Brought to you by your Old Torrance Realtor.   Today there are only 5 single family homes for sale in Old Torrance.There is a total of 31 properties in escrow in Old Torrance this includes, condos and townhomes. The lowest priced home in Old Torrance is currently listed for $460,00. To search all the open houses and homes for sale in Old Torrance go to:http://rachelandkathy.listingbook.com/ To visit the Old Torrance real Estate website please visit: http://oldtorrancerealestate.wordpress.com/  
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By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
No matter how many times I read this and pass it on, It always rings true in my heart that America holds the key to change real change by changing what we did and return to being "One Nation under God" not one nation under Politically Correctness that means nothing but a fake peace and a fake nation... America is more lost today than I can ever remember and if it breaks my heart imagine how much it is breaking God's Heart.... Here is Billy Grahams Prayer for Our Nation as heard on Paul Harvey..Wisdom does come with Old age and foolishness is lost on the Youth...Be a Leader and move to action to do the right thing today! It starts with each one of us, one action , one day at a time to fix this country and take it back to God. "Billy Graham's Prayer For Our Nation"THIS MAN SURE HAS A GOOD...
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By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
This is not hard to do and will make the biggest impact!!!  I wrote up a one sentence memo and sent it to all of them quickly.  The Google "autofill" makes it very quick for filling in your address.  We have to get some heat on them!!!!  THIS IS THE MOST IMPORTANT THING I HAVE SEEN ON WHAT WE CAN DO TO STOP OBAMA'S TAKE OVER OF HEALTH CARE.  GO TO THE LINK BELOW AND CONTACT THE SENATORS LISTED AND SAY WHAT HUGH HAS INSTRUCTED...TIME IS RUNNING OUT...THEY WILL VOTE ON THE BACCUS BILL NEXT TUESDAY,    The Hugh Hewitt Show just google this link" Hughhewitt.com and go for it scroll the article and click email at each Senator's name.. This is not hard to do and will make the biggest impact!!!  I wrote up a one sentence memo and sent it to all of them quickly.  The Google "autofill" makes it ...
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
The Torrance average sales price increased by 0.5 percent in September 2009 compared to September 2008, bringing the average price to $525,629. The  number of sales increased by 10.3% Y-O-Y to 114 closed sales. Torrance SoldListings AverageSales Price AverageDOM  September 2009 107  $525,629 55  September 2008 97  $522,843 65 *All stats are compiled from the Multi Regional  Multiple Listing Service. Information is deemed reliable but not guaranteed.  Increased sales in Torrance reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Average home price in Torrance continued to slide till January and but it rose in February, March and May and continued to rise as follows:December 2008 - $478,307, January 2009 ...
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By Rachel Martiens and Kathy Tyndall = The Tyndall Team, Love Living In The South Bay
(RE/MAX ESTATE PROPERTIES)
The prestigous gated Pacific Colony in South Torrance is just on the border of South Redondo. Pacific Colony offers a clubhouse, gym, hotel sized pool, soothing waterfalls, and spa behind its gates. This complex is ideally located just minutes to the beach, freeway, shops and award winning West high school district. Built in the early 90's the Pacific Colony located at 5501 Torrance Blvd., offers 5 floorplans. Currently there are two active listings in the Pacific Colony. 21039 Tomlee 3 bedrooms with 2 full baths and 1 half bath 2,513 sq.ft asking $949,000 5513 Lorna     3 bedrooms with 2 full baths and 1 half 2,603 sq.ft asking $995,000   In the past two years the following homes have sold in Pacific Colony: 21061 Wendy sold for $950,000 5549 Lorna sold for $984,000 5507 Maricopa sold...
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By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
Yes, you will hear that you can get into a house with as little as 3-5% down from the Fianance Business but what does a buyer really need to buy a home in the South Bay and not get your offer rejected! Well the current market place depends upon what neighborhood and type of home you are looking to buy. Here are some examples of the current kinds of  Buyers that are successful in getting to purchase the home they want. I am finding that my buyers in the Palos Verdes Peninsula that are shopping foreclosures or 1st time buyer homes are coming up against multiple offers from other buyers and the buyers with the largest down payments are getting accepted. I am seeing many investors coming into the market now and they are offering all cash or 50% down offers to the Seller. These are the first...
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
One of the most charming neighborhoods in all of the South Bay is the hillside community of the Hollywood Riviera.  Part of both Redondo Beach and Torrance, Hollywod Riviera  is a community primarily of one story original homes often offering incredible ocean views, the lush greenery and the Mediterranean atmosphere.  The area lies in a "hillside overlay" district meaning approval from the city and neighbors must be granted to build up and obstruct the views. It is this approval process that generally keeps the area from experiencing the "mansionization" often found in other parts of the South Bay. Much of the architecture in the community is Mediterranean in style, especially the original homes, which were built in the late 1920s and early 1930s.  The original developer of the Hollywoo...
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
The Torrance average sales price decreased by 5.6 percent in August 2009 compared to August 2008, bringing the average price to $505,433. The  number of sales increased to 114 closed sales. Torrance SoldListings AverageSales Price AverageDOM  August 2009 114  $505,433 67  August 2008 113  $533,890 64 *All stats are compiled from the Multi Regional  Multiple Listing Service. Information is deemed reliable but not guaranteed.   Increased sales in Torrance reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices  Average home price in Torrance continued to slide till January and rose in February, March and May as follows: December 2008 - $478,307, January 2009 - $451,563, February 2009 - $477,944, March 2009 - $5...
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By Rachel Martiens and Kathy Tyndall = The Tyndall Team, Love Living In The South Bay
(RE/MAX ESTATE PROPERTIES)
There are currently only seven homes for sale in Old Torrance: 2272   DEL AMO BL TORR 134 763G4 $379,000 2/1.00 1924 975 5,000     N N 2.000 05/05/09     SOCAL S09081498 A SFR/A 1230   Madrid AV TORR 134 763G6 $460,000   3/1.00 1937 1,283 7,000   420/808 N N 3.000 07/28/09 SPAY   MRMLS V09020534 A SFR/D 2212   Gramercy AV TORR 134 763H7 $480,000 2/2.00 1920 1,440 5,120   167/167 N N 2.500 07/17/09 STD   MRMLS A09091126 A SFR/D 1828   San Ardo TORR 134 793H1 $489,000 3/2.00 1956 1,378 5,100   21/21 N N 2.500 08/21/09 STD   MRMLS V09044174 A SFR/D 1622   Crenshaw BL TORR 134 763F6 $549,900   2/1.00 1927 1,021 5,049   146/146 N N 2.500 04/18/09 STD   MRMLS S09096829 A SFR/D 2007   Plaza Del Amo TORR 134 763H7 $799,000 3/4.00 125 2,217 5,880   4/4 N N 2.500 09/10/09 SPAY   MRMLS
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
The Torrance average sales price decreased by 11.4 percent in July 2009 compared to July 2008, bringing the average price to $5508,543. The  number of sales increased to 118 closed sales - 11.3 increase in volume!  Torrance SoldListings AverageSales Price AverageDOM  July 2009 118  $508,543 118  July 2008 106  $574,163 106  *All stats are compiled from the Multi Regional  Multiple Listing Service. Information is deemed reliable but not guaranteed.  Increased sales in Torrance reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Average home price in Torrance continued to slide till January and rose in February, March and May as follows: December 2008 - $478,307, January 2009 - $451,563, February 2009 - $4...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
I recently sold a home in the Victoria Knolls neighborhood of Torrance and was very surprised at just how few South Bay residents even knew it existed.  Victoria Knolls is actually in the Walteria area of Torrance but has a very different feel due to the fact that it's so isolated and it's actually up on the hills of the Palos Verdes peninsula (see Victoria Knolls Map).  The only way in and out is on a street named Crest, off of Crenshaw, which certainly gives it a sense of privacy and security.    It's a fantastic area with a real neighborhood feel and might be an ideal place for buyers looking to live in a more unique area with some great new homes as well as numerous one story original homes.  As it's up on the hill, many of the homes offer great views of the city and mountains and m...
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By Lynne Pope, "Out of the Blue" solutions for perfect homes
(eXp realty, MFA,Hermosa Beach,Redondo Beach,South Bay )
My seller says his home is worth what its worth and he could care less. Does the July 30th lender rule change our market?  Sellers don't see it yet if they are actively showing their home. Does the BANK know? Oh yes, and they are having to lower the prices. This is because they are dealing with so many. They have to bend over, and over. The seller dealing with one house to sell.. well how many opprotunities do they get to practice. We need that buyer...and they need that loan. I would love to see some comments on this.   Several deals right now have caused people to remove the appraisal as a contingency. This might not be the time to do that. Living near the beach is a plus. Does the out of area discount appraiser need to keep his job secure first? Or  will the appraiser consider the su...
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