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... 09/16/2009

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 09/11/2009

08/30/2009

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... 08/19/2009

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... 08/11/2009

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... 08/08/2009

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... 08/04/2009

 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."                                                              ... 08/04/2009

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! 08/03/2009

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 ... 07/29/2009

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... 07/24/2009

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... 07/13/2009

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. ... 06/12/2009

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... 06/10/2009

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   06/09/2009

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                     06/05/2009

  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... 05/22/2009

The Torrance average sales price decreased 24 percent in April 2009 compared to April 2008, bringing the average price to $458,037. The  number of sales increased to 91 closed sales a 20% increase in volume! Meanwhile, the average market time increased from 76 days a year ago to 91 days last month.. Torrance SoldListings AverageSales Price AverageDOM  April 2009 91  $458,037 71  April 2008 76  $601,600 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 rose in February and March as f... 05/13/2009

Banks are still store housing more foreclosures because they do not want to flood the market and lower the prices in one big drop.The lending institutions are trying to control the real estate market drop.  We are still seeing a slow response to our short sale offers with banks taking as long as 3 months to respond, if you are looking for the best buys in the market in the South Bay especially Palos Verdes Market and last month my Lomita market. Here is what it is- It is Probate and Trust Sales. Not only are the homes in excellent condition, they have usually had a long history of maintaince and the heirs most likely need the cash or they would not be selling at this time but leasing instead, so you can get a fantastic price. I have found my clients some excellent buys in trust sales an... 05/11/2009

Interesting Daily Breeze article I ran across. Locally, I guess we have our own issues to worry about from the economy.  I heard yesterday on Glenn Beck, Fox Nation that some developers are bull dozing their projects in California and saying that the Land is worth more than the completed projects. According to this Wall Street Journal article, it looks like we have another whole set of problems to deal with from lack of bank financing. According to the Daily Breeze article some residents near the closed Sunrise Project not only had the soil tested to find Silica, normal to rock quarries but a potential carcinogenic. Some residents reported chronic sinus infections and more.  Here is a clip from the article. You can read the whole article written by Charles Bennett / Daily Breeze picked ... 05/07/2009