South Bay real estate sales for November showed great closing numbers for the many cities. In November, El Segundo showed 12 closed sales, Gardena showed 39, Hawthorne showed 27, Hermosa Beach showed 18, Lawndale showed 17, Lomita showed 9, Manhattan Beach showed 35, Redondo Beach showed 65 and Torrance showed 89 closed sales.To read more about the comparisons between November 2016 to November 2017, or for the average price per foot, number of homes for sale in November, pending sales or days on market, go to the Market Intelligence Report listed below.For more information on the RE/MAX South Bay Market Intelligence Report click here.Originally posted to Tuba Ghannadi's real estate blog Aboutpv.com.If you have any questions about the real estate market in this area, or if you are intere... 12/22/2017

The City of Torrance was founded on May 31, 1911 by Jared Sidney Torrance and Associates by the purchase of 2,791 acres of land from the Dominguez Estate Company for $976,850. Susana Dominguez del Amo sold an additional 730 acres to Torrance for $350 per acre. This land was originally a small part of the Spanish land grant called Rancho San Pedro, given to Juan Jose Dominguez in 1784. At its inception, this planned industrial town provided housing for 500 people.   Jared Torranc In March 1912, Torrance had originally proposed that the new development be named "Dominquez". The post office would not allow the use of this name since there was already a post office with that name. On March 12, 1912, at a meeting of the board of directors of The Dominquez Land Company, of which Jared Torranc... 01/04/2014

All 3 bdrm 2.5 bath units offered at $625,000      www.226thstvillas.com 05/06/2009

It is that time again to address prospective home buyers, especially those of you who are new to the process, regarding the importance of pre-qualification with a lender. Many times I have encountered home seekers who would like me to take them to view properties, yet are unfamiliar with the process of buying a property. If you are serious about purchasing a home, it really is necessary to get pre-qualified with a lender before you start looking. Why? Because many prospective buyers don't really know what they will qualify for, as they haven't furnished their assets and debts, nor obtained a credit score from a lender in order to receive a hard number. A lender will tell you, "You may purchase a property for up to this amount:" (fill in the blank). He or she will also tell you how much ... 08/16/2008

In the State of the State speech, Governor Arnold Schwarzenegger proposed cuts to virtually every department within the state, including Education. This drastic action by the Governor is in an attempt to close a budget gap of $16 billion. The Governor asked legislators to suspend Proposition 98, which guarantees schools receive 40% from the State's general budget. For TUSD this translates into cutting next year's budget by $9.4 million in order to maintain a 3 percent reserve. These cuts include all major categorical programs being reduced between 5 to7 percent. This includes class-size reduction, home-to-school transportation and supplemental counseling. The same percentage reduction is being proposed for special education, which is a federally mandated program. TUSD continues to find ... 06/11/2008

Housing in Torrance is equally diverse, ranging from small apartments to sprawling mansions, but prices have risen across all sectors and in all neighborhoods during the last several years. In 2002, the median price for a single-family home in Torrance was $355,500, according to DataQuick Information Systems, and had risen to $600,000 in March 2007. 06/11/2008

A short sale is an "arrangement" between the current owner of a home and the bank that lend them the money to buy their home to accept an offer for less than the total amount owed to pay off the home. The "deficiency" is the difference between the amount owed and what the bank collects at the short sale. 06/11/2008