Torrance, CA Real Estate News

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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By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
This is a wake up call and one of the best I have seen to explain and make it quite plain who and why this country is suffering and we need to stop taking this sitting down and move into action with this group of 545 people who are responsible for the state of Our America right now in 2009. It really puts this into perspective what is going on and the silliness of 3,000,000 people that are being harmed by 545 people that we voted into power to run our great country into the present condition that it is in. What will it take for that 545 people to be accountable to the 3,000,000 and correct what they have done? Well that is my 2 cents and here is the real article below by Charles Reese. "545 vs. 3,000,000 EVERY  CITIZEN NEEDS TO READ THIS AND THINK ABOUT WHAT THIS JOURNALIST HAS  SCRIPTE...
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By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
 Well, this is interesting - when I took it, there were nearly a million votes........ A one question poll that the media can not control!    DO NOT MISS YOUR CHANCE TO CAST YOUR VOTE:This is your chance to vote on Obama's performance this Economy-AT&T/Yahoo Poll...                                  NOTE: this is a totally unbiased poll.  The question is stated very simply... and, to the point.  No tricks.  No hidden messages. No nothing. JUST A SINGLE, SIMPLE QUESTION.    There is no way that anyone can say that it was not a fair poll... or, that it was "phrased" in a way that it can be interpreted later... to fit someone else's desired answer.                               In other words... it is a spin-doctor's "nightmare."                                                              ...
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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 a great clip from Bill O'Reilly really letting the Republican party know what the American People want now that the Democrats popularity is failing. Great points about the Parties and Obama's birth certificate. This is a important message that Republican in the Senate and the House need to hear. Now is the time for the Republicans to step up and get into the solution while the popularity is down for the Democrats. This is not about Obama Birth Certificate. Enjoy!
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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 cost, gets the point across, could work. I just want to pass this on and keep it moving. I am going to be adding this to my mail...Check it out and pass it forward. We need to take a stand and be heard! Here is the idea that I was sent via email- Keep it going! "IN  GOD  WE TRUSTPayback is fun!!!!!!!!!!!!!WRITE IT ON THE BACK OF YOUR ENVELOPES or frontWE THINK THIS IS A GREAT IDEA. WE'LL START WRITING IT ON THE < i>FRONT OF OUR ENVELOPES, TOO! ----------Including BillsYou may have heard in the news that a couple of Post Offices in Texas have been forced to take down small posters that say'IN GOD WE TRUST ,' The law, they say, is being violated. Anyway, we heard proposed on a radio station show, that we should all write' IN GOD WE TRUST' on the back of all our mail. After all, that's ...
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
Here is the latest Walteria real estate market report from www.ISellSouthBay.com In the 1st half this year, 19 homes sold in Walteria, with the avg price of $665,205 compared with 25 homes sold a year ago and the avg price of $690,834.  Average DOM (days on the market) was 84 days compared with 62 days in the same period a year ago.  Prices dropped on average 3.7% and sales dropped as well. Sales were much stronger in other parts of Torrance - see  Torrance real estate market update.  Torrance-Walteria SoldListings AverageSales Price AverageDOM 1st 6 MOS 2009 25  $665,205 84 1st 6 MOS 2008 19  $690,834 62  *All stats are compiled from the Multi Regional  Multiple Listing Service. Information is deemed reliable but not guaranteed. Increased home sales in Torrance reflect a stabilization...
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
The Torrance average sales price decreased 4.5 percent in June 2009 compared to June 2008, bringing the average price to $506,104. The  number of sales increased to 107 closed sales an 8 increase in volume! Grea Torrance SoldListings AverageSales Price AverageDOM  June 2009 107  $506,104 72  June 2008 99  $529,705 57 *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. For more information on Torrance or Greater South Bay real estate please contact local expert - Krystyna Baty at 310.918-5027 For Free Torrance and Southern California MLS visit http://ww...
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By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
Real Estate Tips of the Week If you are looking to buy a home in the south bay in 2009 there are several things you should know. 1. Lenders are changing the requirements constantly. 2. Pitfalls with FHA-You can go FHA with a small down payment 3-5% as of today that could change tomorrow.So if you have a small down payment or are going FHA it will weaken your chances of being accepted in multiple offers.Many 20-50% down buyers are now bidding against you. Which can be discouraging but it is a fact that first time buyers need to know so they won't be disappointed when in multiple offers. 3.Best Homes to buy in this market-Trust or Probate Homes are the best homes. Most homes that are priced well and are in good condition and location will have multiple offers on them even in this market. ...
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
The Torrance average sales price decreased 10.1 percent in May 2009 compared to May 2008, bringing the average price to $514,395. The  number of sales increased to 96 closed sales a 23% increase in volume! Meanwhile, the average market time decreased from 69 days a year ago to 68 days last month.. Torrance SoldListings AverageSales Price AverageDOM  May 2009 96  $514,395 68  May 2008 78  $566,442 69 *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. Although avg April '09 - $458,037, May '09 - $514,395 price in May was lower than a year ago, it is high...
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By Lisa Marie Flenoury, "Lisa The Broker" - Making Dreams Come True
("Lisa The Broker")
Yummie Combination Burrito, Westfield Shopping Center SoCal Mall Food Court. MMMmmmmmmmm  What a great treat after a day of prospecting   Lisa Marie Flenoury, Broker Associate Century 21 Union Realty Co., Inc.                                           23900 Hawthorne Boulevard, Suite 100, Torrance, California  90503                                                  (310) 766-0964 Serving Southern California South Bay and Beach Citie Residential, Commercial, and Property Management  
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
Median sold price in Walteria in May '09 was down by 25% compared with May 2007. The number of sold properties in Walteria was up 33% while the average month supply is drastically down by 32%.  Inventory peaked in January 2008 and it is very low at this time.  This is mainlyt a result of increased sales in the last few months - for details see report posted on http://www.WalteriaProperties.com For more up-to-date information on Torrance-Walteria & Greater South Bay real estate please call me at 310.918-5027 or visit http://www.WalteriaProperties.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)
  New law the Helping Families Save Their Homes Act of 2009 to help homeowners and lenders avoid foreclosure, as per a article I recieved from the California Association of Realtors the New Laws were not really helping since only one family qualifed for this program. Now with an inducement to the short pay lender to share a portion of the equity,the government thinks this may work...All so the Government is offering monetary incducement to participating servicers of the existing loans and originators of the FHA refinance. New Law also allows with a 90day notice the month to month has to vacate in 90 days but if a lease holder has a 90 day extension they can stay until the end of their lease term. There is also $500 million to be granted to federal agencies to chase down the fraud perpe...
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