About Torrance's Walteria

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 most homes are located on quiet, tree-lined streets. While the lack of peoples awareness of the area make for a bit more difficult situation when selling a house in the area, it makes for quiet and safe streets, and tranquility that's hard to find in the South Bay. Great schools, nearby Alta Loma Park, and well kept houses make it an ideal place to call home.

Keith Kyle is a licensed Realtor and e-Pro with South Bay Brokers in Manhattan Beach. He serves his clients throughout the South Bay and his websites KeithKyleHomes.com and FindYourSouthBayHome.com offer the most comprehensive real estate websites in the South Bay with free MLS access, current home listings, open houses, recent home sales information and more. Keith can be reached at 310-251-2344 or by email at info@KeithKyleHomes.com

Here is the latest Walteria market report from www.WalteriaProperties.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	Sold Listings	Average Sales Price	Average DOM
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 sales in Torrance reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Walteria sales picked up in May.

Get FREE Home Evaluation

Recently sold in Walteria

Please call your local Walteria real estate expert - Krystyna Baty at 310-918-5027 or visit www.WalteriaProperties.com for all current Walteria real estate information.

Visit www.TorranceRealEstateOnline.com for latest Torrance real estate news, free MLS, free Torrance home evaluation and much more...

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

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 up by the Wall Street Journal at the link at the end of the quote.

"After a cash-starved developer halted construction last November of an assisted-living center here, it left a hole in the hillside that neighbors say is loosing possibly contaminated dust on their homes. Local authorities say they haven't detected any pollution. But nearby residents, citing their own tests and some health problems, are calling for an independent investigation. Several trooped recently to City Hall, demanding action.

It's another facet of the real-estate bust: Across the country, local authorities are facing a rise in complaints about environmental and safety hazards from construction sites where work has been frozen.

No one tracks precisely how many construction projects nationally have been stopped by developers midstream. But an indication of the scale comes from New York-based Real Capital Analytics Inc., which estimates that there were 3,929 distressed commercial properties across the U.S. as of March 31 -- a 55% jump since Dec. 31, 2008. Roughly a quarter of the properties involve developments, unfinished, Real Capital said.

.the site is less than 200 feet from a landfill that they already worried was leaking contaminants into the soil and water. The state in March found that groundwater below the Palos Verdes Landfill, closed in 1980, was contaminated, but said it posed no public-health threat as the water was being treated and the site monitored. Some residents are challenging that finding.

The city of Torrance approved the $8.5 million Sunrise project in 2005, and last summer bulldozers began tearing open the side of a hill. Construction halted in January, and now the site sits deserted and uncovered. Neighbors in the Country Hills subdivision say wind blows dust from the site into their homes.

Besides the problems with dust itself, neighbors worry the soil carries contaminants from the nearby landfill, even though the state review found that substances from the landfill hadn't escaped into the air.

In addition, Joan Davidson, a high-school teacher who leads a community group seeking greater safeguards from the landfill, has had soil from the site tested and found it contained high levels of crystalline silica -- 40% of the sample was silica."

Picture courtesy of the Daily Breeze

Click the whole article here to find out more:

http://online.wsj.com/article/SB124165649273494241.htm

Real Estate for the Soul's Featured Property of the Week:

http://activerain.com/blogsview/388938/32646-Coast-Site-Rancho Rancho Palos Verdes

Best Ocean view Condo

http://activerain.com/blogsview/306368/4134-Pacific-Coast-Hwy Torrance Newer Home

Best Newer Construction

http://activerain.com/blogs/palosverdesrealtor4god/tags/homes%20historical Pasadena Victorian Updated and Prestigious

Real Estate Articles:

http://activerain.com/blogsview/503521/Still-Have-an-Adjustable

http://activerain.com/blogsview/503468/Is-this-the-Final (interest Rate cut)

http://activerain.com/blogsview/452990/Los-Angeles-County-Grea FHA

http://activerain.com/blogsview/462789/Renting-Versus-Buying-In

http://activerain.com/blogsview/389098/Tax-Savings-on-Moving

http://activerain.com/blogsview/487163/Interst-Rates-up-Dont Save money on interest buy now

http://activerain.com/blogsview/452990/Los-Angeles-County-Grea FHA

http://activerain.com/blogsview/377623/New-California-Real-Estate appraiser

http://activerain.com/blogsview/403208/Palos-Verdes-Home-Owners

Family Info & events
http://activerain.com/blogsview/500245/-Top-4-Best Brunches in the Pv & South Bay

http://activerain.com/blogsview/142901/Searching-for-Best-Schools

http://activerain.com/blogsview/233943/Internet-Safety-for-Children

Senior Care & Events

Seniors

http://activerain.com/blogsview/467528/Reverse-Mortgage-is-it

http://activerain.com/blogsview/472230/Keep-Safe-Coalition-Protecting

More articles: Senior-Long-Term-Care

http://activerain.com/blogsview/471828/Senior-Long-Term-Care

In the 1st Qtr this year, 6 homes sold in Walteria, with the avg price of $611,150 compared with 10 homes sold a year ago and the avg pric of $757,095.
Average DOM (days on the market) was same as a year ago - 78 days. Prices dropped on average 23.8% and sales dropped as well. Sales were much stronger in other parts of Torrance - see Torrance real estate market update.

Torrance-Walteria	Sold Listings	Average Sales Price	Average DOM
1st QTR 2009	6	$611,150	78
1st QTR 2008	10	$757,095	78

*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.

Visit http://www.isellsouthbay.com/walteria-ca-real-estate.html for more information on Torrance -Walteria CA Real Estate and up to date real estate market updates!

If you want to learn more about South Bay and Los Angeles County real estate, please contact us at 310-918-5027 To begin searching for Los Angeles county homes, please use our Los Angeles County MLS search Get FREE Home Evaluation

Recently sold in Walteria
Please call or email me anytime for market update on any South Bay neighborhood and I'll get back to you today!