South Bay Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Sept. 18, 2024

Torrance CA Home Sales Report for Aug '24

Torrance CA Home Sales Report for Aug '24

Torrance CA real estate report

Torrance home sales have shown signs of slowing down. High interest rates, coming elections as well as the season (end of summer, families have mostly settled down before schools start).

Below is detailed data for Torrance real estate sales, median and average prices in August 2024 compared to August 2023.

Home sales went down drastically by 31 percent. Prices have continued to increase despite slower sales. Average single family home price went up by 7%, the median price went up by 6%. Average price per sq foot is up by 12%.

Every market is local. We invite you to look up your own report for any market, city, zip code, area, property type, save and receive email update - click below.

It'll help you to be current with your area market conditions. These reports can be helpful if you're either a buyer or a seller in South Bay LA. Call us at (310)918-5027 with any questions.

 Contact us for your Free Home Evaluation.  Call (310)918-5027 today. We'll be happy to help!

TORRANCE

Single Family Homes

Torrance May 2024 May 2023 Difference
No. of Sales 60 56 +7%
Average Price $1,271,470 $1,013,489 +14%
Median Price $1,200,000 $1,105,000 +9%
Avg Days on Market 14 13 +2 days

 

Below is home sales and price trends for Los Angeles County:

Torrance CA Home Sales

 

Torrance CA real estate report 2024

 

Torrance Market Report in Real Time

Every market is different, sometimes a couple of blocks make a difference in valuation.  Contact us at (310)918-5027 for your Free home evaluation or click below to get an instant report:

torrance home evaluation

 

Torrance CA Home Sales Report for Aug '24

Aug. 5, 2024

South Bay 2nd QTR Report

torrance South Bay la real estate report

South Bay real estate picked up steam in 2nd quarter '24, with increased home sales and rising home prices. Here is the latest real estate market report for South Bay LA with the detailed analysis of two selected markets: Redondo Beach and Torrance. These two markets represent the South Bay very well. Keep in mind though, the real estate is local and prices are local. If you'd like a more precise analysis of your neighborhood, we'll be happy to provide it anytime with no obligation. 

In Torrance, single family home average sales price was $1,233,871 which was 8 percent higher than a year ago. The condo and townhouse average prices was $778,615 - 14 percent increase y-o-y.

Redondo Beach average single family home price was $2,094,206 - 13 percent increase y-o-y.  The sales volumes both in Torrance and Redondo Beach recorded a big increase - see below for details.

It's easy to create your own market report for any market, city, zip code, area, property type, save and receive email update. It'll help you to be current with your area market conditions. These reports can be helpful if you're either a buyer or a seller in South Bay LA. Call us at (310)918-5027 with any questions.

 

 Contact us for your Free Home Evaluation.  Call (310)918-5027 today. We'll be happy to help!

TORRANCE

Single Family Homes

Torrance 2nd Qtr 2024 2nd Qtr 2023 Difference
No. of Sales 175 134 -1%
Average Price $1,233,871 $1,137,995 +8%
Median Price $1,150,000 $1,148,000   -
Days on Market 17 18 - 1 day

 

Condos and Townhomes

Torrance 2nd Qtr 2024 2nd Qtr 2023 Difference
No. of Sales 87 470 +24%
Average Price $778,615 $682,989 +14%
Median Price $749,000 $662,500 +13%
Days on Market 10 21 +11 days

 

Torrance Market Report in Real Time

 

REDONDO BEACH

Single Family Homes

Redondo Beach  2nd Qtr 2024 2nd Qtr 2023 Difference 
No. of Sales 63 64   -
Average Price $2,094,206 $1,856,703  +13%
Median Price $1,750,000 $1,565,000 +12%
Days on Market 20 24 - 4 days 

 

Condos and Townhomes

Redondo Beach 2nd Qtr 2024 2nd Qtr 2023 Difference
No. of Sales 98 90 +9%
Average Price $1,485,053 $1,325,000 +6%
Median Price $1,400,000 $1,150,000 +20%
Days on Market 29 48 + 1 day

 

Redondo Beach Market Report in Real Time 

Every market is different, sometimes a couple of blocks make a difference in valuation.  Contact us at (310)918-5027 for your Free home evaluation or click below to get an instant report:

torrance home evaluation

Posted in Market Updates
June 25, 2024

Torrance CA Market Report - May 2024

Torrance CA Market Report for May 2024 

Torrance CA Market Report

Torrance CA market remains strong with higher home sales and rising home prices. Torrance CA is in the seller's market due to the very low inventory and strong buyer demand despite high interest rates..  Home sales are up in most categories, the prices are higher when compared to a year ago. Home prices are are also higher on the month-to-month basis. See our previous Torrance and Redondo Beach monthly reports 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. Homeowners are hesitant to put their houses on the market and give up their low mortgage interest rates. 

Average single family home price went up by 14 percent compared to a year ago; median price was up by 9 percent. Home sales were up by 7 percent. Prices of condos and townhomes also went up. See below for detailed information and market data.

You may create your own market report for any market, city, zip code, area, property type, save and receive email update. It'll help you to be current with your area market conditions. These reports can be helpful if you're either a buyer or a seller in South Bay LA. Call us at (310)918-5027 with any questions.

 Contact us for your Free Home Evaluation.  Call (310)918-5027 today. We'll be happy to help!

TORRANCE

Single Family Homes

Torrance May 2024 May 2023 Difference
No. of Sales 60 56 +7%
Average Price $1,271,470 $1,013,489 +14%
Median Price $1,200,000 $1,105,000 +9%
Avg Days on Market 14 13 +2 days

 

Condos and Townhomes

Torrance May 2024 May 2023 Difference
No. of Sales 28 20 +40%
Average Price $781,089 $676,850 +15%
Median Price $700,000 $627.000 -4%
Avg Days on Market 21 19 + 2 days

 

Torrance Market Report in Real Time

Every market is different, sometimes a couple of blocks make a difference in valuation.  Contact us at (310)918-5027 for your Free home evaluation or click below to get an instant report:

torrance home evaluation

 

Torrance CA Market Report for May 2024 

Posted in Market Updates
April 26, 2024

1st Qtr Home Sales Report

Torrance & Redondo Beach 1st Qtr Home Sales Report

Here is the latest real estate market report for South Bay LA with the detailed analysis of two selected markets: Redondo Beach and Torrance. These two markets represent the South Bay perfectly. However, the real estate is local and prices are local. If you'd like a more precise analysis of your neighborhood, we'll be happy to provide it anytime with no obligation. 

In Torrance, single family home average sales price was $1,246,246 which was 13 percent higher than a year ago.

Redondo Beach average single family home price was $1,923.000 - that's a 17 percent increase.  The sales volume both in Torrance and Redondo Beach was similar to previous year.

You can create your own market report for any market, city, zip code, area, property type, save and receive email update. It'll help you to be current with your area market conditions. These reports can be helpful if you're either a buyer or a seller in South Bay LA. Call us at (310)918-5027 with any questions.

 

 Contact us for your Free Home Evaluation.  Call (310)918-5027 today. We'll be happy to help!

TORRANCE

Single Family Homes

Torrance 1st Qtr 2024 1st Qtr 2023 Difference
No. of Sales 133 134 -1%
Average Price $1,246,246 $1,107,357 +13%
Median Price $1,200,000 $1,075,000 +12%
Days on Market 19 39 -20 days

 

Condos and Townhomes

Torrance 1st Qtr 2024 1st Qtr 2023 Difference
No. of Sales 73 46 +59%
Average Price $719,024 $633,280 +14%
Median Price $680,000 $578,000 +18%
Days on Market 29 33 - 4 days

 

Torrance Market Report in Real Time

 

REDONDO BEACH

Single Family Homes

Redondo Beach  1st Qtr 1st Qtr 2023 Difference 
No. of Sales 38 40 +5%
Average Price $1,923,000 $1,650,000  +17%
Median Price $1,838,000 $1,508,000 +22%
Days on Market 35 43 -8 days 

 

Condos and Townhomes

Redondo Beach 1st Qtr 2024 1st Qtr 2023 Difference
No. of Sales 56 57 -2%
Average Price $1,431,170 $1,262,522 +13%
Median Price $1,385,000 $1,150,000 +20%
Days on Market 35 49 -14 days

 

Redondo Beach Market Report in Real Time 

Every market is different, sometimes a couple of blocks make a difference in valuation.  Contact us at (310)918-5027 for your Free home evaluation or click below to get an instant report:

torrance home evaluation

March 8, 2024

Torrance South Bay Feb '24 Market Report

Torrance South Bay Feb 2024 Market Report

Torrance South Bay Feb '24 Market

Torrance and Greater South Bay real estate market is showing signs of recovery in terms of rising home prices as well as sales. It is still a seller's market due to the very low inventory.  Home sales are up in most categories, the prices are higher when compared to a year ago. Home prices are are also higher on the month-to-month basis. See our previous Torrance and Redondo Beach monthly reports 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. Homeowners are hesitant to put their houses on the market and give up their low mortgage interest rates. But this situation may be changing, as I have already mentioned.

We have prepared real estate estate market updates for two selected major markets in South Bay CA and Beach Cities - Torrance and Redondo Beach in order to better understand the local South Bay market. Below you'll find home sales data in February 2024 as they compare to the same period 12 months age, broken down by property type. Torrance single family home sales stayed the same while the average sales price for single family homes was up by 15 percent. Redondo Beach home single family home sales almost doubled y-o-y while the average sales price for single family homes was up by 19 percent. See below for all detailed data. Condo and townhome sales and prices both in Torrance and Redondo Beach picked up in February.

Homes stayed on the market many fewer days than a year ago.

You may create your own market report for any market, city, zip code, area, property type, save and receive email update. It'll help you to be current with your area market conditions. These reports can be helpful if you're either a buyer or a seller in South Bay LA. Call us at (310)918-5027 with any questions.

 Contact us for your Free Home Evaluation.  Call (310)918-5027 today. We'll be happy to help!

TORRANCE

Single Family Homes

Torrance February 2024 February 2023 Difference
No. of Sales 35 36 -3%
Median Price $1,225,000 $1,000,003 +23%
Average Price $1,235,191 $1,070,329 +15%
Days on Market 17 33 -16 days

 

Condos and Townhomes

Torrance February 2024 February 2023 Difference
No. of Sales 28 15 +87%
Median Price $540,000 $580,000 -7%
Average Price $662,701 $623,900 +6%
Days on Market 31 30 + 1 day

 

Torrance Market Report in Real Time

 

REDONDO BEACH

Single Family Homes

Redondo Beach  February 2024 Februry 2023 Difference 
No. of Sales 15 10 +50%
Median Price $1,850,000 $1,394,500  +33%
Average Price $1,850,533 $1,557,900 +19%
Days on Market 12 45 -33 days 

 

Condos and Townhomes

Redondo Beach February 2024 February 2023 Difference
No. of Sales 21 22   - 1 sale
Median Price $1,335,000 $1,236,500 +8%
Average Price $1,418,998 $1,285,750 +10%
Days on Market 20 26 -6 days

 

Redondo Beach Market Report in Real Time 

Every market is different, sometimes a couple of blocks make a difference in valuation.  Contact us at (310)918-5027 for your Free home evaluation or click below to get an instant report:

torrance home evaluation

 

Torrance South Bay Feb '24 Market Report

Feb. 16, 2024

South Bay January 2024 Market Report

South Bay January 2024 Market Report

South Bay Market Report

South Bay January 2024 real estate market profile has not changed when compared to last few months. It is a seller's market due to the very low inventory, low demand, lower property sales, high interest rates reducing the homebuyer pool.  Home sales are down, the prices are steady or higher when compared to a year ago. See our previous monthly reports 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. Homeowners are hesitant to put their houses on the market and give up their low mortgage interest rates.

We have prepared real estate estate market updates for two selected major areas in South Bay CA and Beach Cities - Torrance and Redondo Beach in order to better understand the local South Bay market. Below you'll find home sales data in January 2024 as it compares to the same period 12 months age, broken down by property type. Torrance single family home sales were down by 29 percent while the average sales price for single family homes was up by 7 percent. Redondo Beach home single family home sales were up by 33 percent y-o-y while the average sales price for single family homes was up by 11 percent. See below for all detailed data. Condo and townhome sales and prices both in Torrance and Redondo Beach picked up in January.

You may create your own market report for any market, city, zip code, area, property type, save and receive email update. It'll help you to be current with your area market conditions. These reports can be helpful if you're either a buyer or a seller in South Bay LA. Call us at (310)918-5027 with any questions.

 

 Contact us for your Free Home Evaluation.  Call (310)918-5027 today. We'll be happy to help!

TORRANCE

Single Family Homes

Torrance January 2024 January 2023 Difference
No. of Sales 29 41 -29%
Average Price $1,166,820 $1,093,441 +7%
Median Price $1,100,000 $1,120,000 -2%
Days on Market 22 43 -21 days

 

Condos and Townhomes

Torrance January 2024 January 2023 Difference
No. of Sales 15 9 +67%
Average Price $748,545 $666,444 +12%
Median Price $748,889 $659,000 +14%
Days on Market 32 31 + 1 day

 

Torrance Market Report in Real Time

 

REDONDO BEACH

Single Family Homes

Redondo Beach  January 2024 January 2023 Difference 
No. of Sales 11 8 +33%
Average Price $1,745,091 $1,765,679  -1%
Median Price $1,825,000 $1,643,716 +11%
Days on Market 44 63 -19 days 

 

Condos and Townhomes

Redondo Beach January 2024 January 2023 Difference
No. of Sales 16 13 +23%
Average Price $1,419,744 $1,318.462 +8%
Median Price $1,423,000 $1,275,000 +12%
Days on Market 39 36 +3 days

 

Redondo Beach Market Report in Real Time 

Every market is different, sometimes a couple of blocks make a difference in valuation.  Contact us at (310)918-5027 for your Free home evaluation or click below to get an instant report:

torrance home evaluation

 

South Bay January 2024 Market Report

Posted in Market Updates
Jan. 12, 2024

South Bay Real Estate Year End Report

South Bay Real Estate Year End Report 

South Bay Real Estate Market

South Bay real estate market was a seller's market in 2023. The buyer demand was lower than in the previous year due to higher mortgage interest rates and very low inventory of homes available for sale. Home sellers who had in recent years locked in historically low interest rates on their loans have stayed put. Thus the imbalance in our market.

We prepaired real estate estate market updates for selected major areas in South Bay CA and Beach Cities - Torrance and Redondo Beach in order to better understand the area market conditions. Below you'll find property sales data in the year 2023 as it compares to the year 2022, broken down by property type. Torrance home sales were lower by 14 percent while the average sales price for single family homes was down by 3 percent. Redondo Beach home sales were down by 8 percent y-o-y while the average sales price for single family homes was up by 1 percent. See below for all detailed data.

You may create your own market report for any market, city, zip code, area, property type, save and receive email updates. It'll help you to be current with your area market conditions. These reports can be helpful if you're either a buyer or a seller in South Bay LA.

 

 Contact us for your Free Home Evaluation.  Call (310)918-5027 today. We'll be happy to help!

TORRANCE

Single Family Homes

Torrance Year 2023 Year 2022 Difference
No. of Sales 634 737 -14%
Median Price $1,124,500 $1,150,000 -2%
Average Price $1,154,853 $1,191,430 -3%
Days on Market 22 19 +3 days

 

Condos and Townhomes

Torrance Year 2023 Year 2022 Difference
No. of Sales 257 356 -28%
Median Price $675,000 $687,500 -2%
Average Price $681,821 $699.476 -3%
Days on Market 27 18 +9 days

 

Torrance Market Report in Real Time

 

REDONDO BEACH

Single Family Homes

Redondo Beach  Year 2023 Year 2022 Difference 
No. of Sales 233 254 -8%
Median Price $1,592,906 $1,685,000  -6%
Average Price $1,920,758 $1,894,469 +1%
Days on Market 29 19 +10 days 

 

Condos and Townhomes

Redondo Beach Year 2023 Year 2022 Difference
No. of Sales 329 397 -17%
Median Price $1,280,000 $1,269,500 +1%
Average Price $1,326,628 $1,335,415 +1%
Days on Market 32 19 +13 days

 

Redondo Beach Market Report in Real Time 

Every market is different, sometimes a couple of blocks make a difference in valuation.  Contact us at (310)918-5027 for your Free home evaluation or click below to get an instant report:

torrance home evaluation

Posted in Market Updates
Dec. 7, 2023

South Bay Market Report November '23

torrance South Bay ca market report

South Bay real estate market is a seller's market due to the very low inventory, low demand, lower property sales, high interest rates reducing the homebuyer pool.  While the sales numbers are down, the prices are steady or a bit higher when compared to a year ago. See our previous monthly reports 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.

We prepaired real estate estate market updates for selected major areas in South Bay CA and Beach Cities - Torrance and Redondo Beach in order to better understand the area market. Below you'll find property sales data in November 2023 as it compares to the same period in 2022, broken down by property type. Torrance home sales were up by 5 percent while the average sales price for single family homes was up by 7 percent. Redondo Beach home sales were down by 3 percent y-o-y while the average sales price for single family homes was up by 6 percent. See below for all detailed data.

You may create your own market report for any market, city, zip code, area, property type, save and receive email update. It'll help you to be current with your area market conditions. These reports can be helpful if you're either a buyer or a seller in South Bay LA.

 

 Contact us for your Free Home Evaluation.  Call (310)918-5027 today. We'll be happy to help!

TORRANCE

Single Family Homes

Torrance November 2023 November 2022 Difference
No. of Sales 44 42 +5%
Average Price $1,120,000 $1,066,500 +5%
Median Price $1,122,057 $1,108,987 +7%
Days on Market 28 25 +3 days

 

Condos and Townhomes

Torrance November 2023 November 2022 Difference
No. of Sales 15 18 +17%
Average Price $707,261 $666,489 +6%
Median Price $730,000 $618,500 +18%
Days on Market 18 36 -18 days

 

Torrance Market Report in Real Time

 

REDONDO BEACH

Single Family Homes

Redondo Beach  November 2023 November 2022 Difference 
No. of Sales 20 13 +54%
Average Price $1,908,250 $1,889,231  +1%
Median Price $1,725,000 $1,700,000 +1%
Days on Market 30 28 +2 days 

 

Condos and Townhomes

Redondo Beach November 2023 November 2022 Difference
No. of Sales 29 30 -3%
Average Price $1,211,209 $1,350,433 -10%
Median Price $1,198,812 $1,299,500 -8%
Days on Market 30 42 -10 days

 

Redondo Beach Market Report in Real Time 

Every market is different, sometimes a couple of blocks make a difference in valuation.  Contact us at (310)918-5027 for your Free home evaluation or click below to get an instant report:

torrance home evaluation

Posted in Market Updates
Oct. 29, 2023

Home Selling Tips

Home Selling Tips - How To Get More Money For Your House

home selling tips

Home selling tips can be narrowed down to just a few important and tried ones. Homeowners ready to make a move are definitely in a great position to sell today. Housing inventory in Torrance and surrounding areas is incredibly low, driving up buyer competition despite higher interest rates and high home prices. This gives homeowners leverage to sell for the best possible terms.

In such a seller's market, houses are selling quickly. Despite the speed and opportunity for sellers, there are still steps you can take to prep your house to shine so you get the greatest possible return.

1. Make Buyers Feel at Home

One of the ways to make this happen is to take time to declutter. Pack away any personal items like pictures, awards, and sentimental belongings. The more neutral and tidy the space, the easier it is for a buyer to picture themselves living there. According to the 2021 Profile of Home Staging by NAR:

“82% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home.”

Not only will your house potentially attract the attention of more buyers and likely sell quickly, but the same report also notes:

“Eighteen percent of sellers’ agents said home staging increased the dollar value of a residence between 6% and 10%.”

As Jessica Lautz, Vice President of Demographics and Behavior Insights for NAR, says:

“Staging a home helps consumers see the full potential of a given space or property…It features the home in its best light and helps would-be buyers envision its various possibilities.”

2. Keep It Clean and Inviting

On top of making an effort to declutter, it’s important to keep your house neat and clean. Before a buyer stops by, be sure to pick up toys, make the beds, and wash the dishes. This is one more way to reduce the number of things that can distract a buyer from the appeal of the home.

Ensure your home smells fresh and clean as well. Buyers will remember the smell of your house, and according to the same report from NAR, the kitchen is one of the most important rooms of the house to focus on if you want to attract more buyers.

3. Give Buyers Easy Access

Buyers are less likely to make an offer on your house if they aren’t able to easily schedule a time to check it out. If your home is available anytime, that opens up more opportunities for multiple buyers to go from curious to eager. It also allows buyers on tight schedules to still get in to see your house.

While health continues to be a great concern throughout the country, it’s important to work with your agent to find the best safety measures and digital practices for your listing. This will drive visibility and create access options that also keep everyone in the process safe.

4. Price It Correctly

Even in a sellers’ market, it’s crucial to set your house at the right price to maximize selling potential. Pricing your house too high is actually a detriment to the sale. The goal is to drive high attention from competing buyers and let bidding wars push the final sales price up.

Work with your trusted real estate professional to determine the best list price for your house. Having an expert on your side in this process is truly essential.

If you want to sell your Torrance South Bay home on your terms, in the least amount of time, and for the best price, today’s market sets the stage to make that happen. Let’s connect today to determine the best ways to maximize the sale of your house this year.

 

Posted in Seller Tips
Oct. 17, 2023

September 2023 Market Report

torrance market update

 

South Bay real estate market continues to be a seller's market due to the very low inventory, low demand, low 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 August 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 updates for selected major areas in South Bay CA and Beach Cities - Torrance and Redondo Beach. Below you'll find home selling data in September 2023 vs. September 2022, broken down by property type. Torrance home sales were up by 5 percent while the average sales price for single family homes was up by 6 percent. Redondo Beach home sales were up by 5 percent y-o-y while the average sales price for single family homes was down by 20 percent. See below for all detailed data.

You may create your own market report for any market, city, zip code, area, property type, save and receive email update. It'll help you to be current with your area market conditions. These reports can be helpful if you're either a buyer or a seller in South Bay LA.

 

 Contact us for your Free Home Evaluation.  Call (310)918-5027 today. We'll be happy to help!

TORRANCE

Single Family Homes

Torrance September 2023 September 2022 Difference
No. of Sales 63 60 +5%
Average Price $1,183,036 $1,121,287 +14%
Median Price $1,194,605 $1,045,413 +6%
Days on Market 17 24 -7 days

 

Torrance Market Report in Real Time

 

REDONDO BEACH

Single Family Homes

Redondo Beach  September 2023 September 2022 Difference 
No. of Sales 21 20 +5%
Average Price $1,552,219 $1,557,500  -
Median Price $1,560,000 $1,932,000 -20%
Days on Market 41 26 +15 days 

 

Redondo Beach Market Report in Real Time 

Every market is different, sometimes a couple of blocks make a bit difference.  Contact us at (310)918-5027 for your Free home evaluation or click below to get an instant report:

torrance home evaluation

Posted in Market Updates