The real estate market in Torrance has taken a hit lately, just as everywhere else. Home prices have been very solid but home sales dropped significantly over the past 2 months. That may be reversing course in a big way. While home sales dropped to 49 in May pending sales more than doubled from April so we may be back on track quicker than anticipated.
Torrance CA Home Sales and House Prices for May
The real estate market numbers are in for May and they paint a very interesting picture. The number of home sales during the month was
way down with only 49 total on market closed escrows. Compare that with 123 home sales in May of 2019 and it’s hard to dispute that the concerns and uncertainties of the coronavirus hasn’t had a major impact. That being said the prices were very impressive indicating a very strong seller’s market.
The median list price was $789,900 while the median sold price was $810,000 meaning that most homes sold well higher than the list or asking price. Average price per foot was $527.14. The average days on market was 40 before going into escrow while the median days on market was a very short 10 days.
View the current Torrance homes for sale
May 2020 Home Sales and House Prices for Torrance
| MLS# | Type | Address | Price | $ Per Foot | Bed/Bath | Sq Feet | Year | Sold Date | |
| PW20061930 | TWNHS/A | 1520 W | 227th ST #6 | $497,500 | $371.27 | 3/2,0,1,0 | 1340/A | 2007/PUB | 5/1/2020 |
| SB20042729 | SFR/D | 1565 W | 220th ST | $685,000 | $526.92 | 3/2,0,0,0 | 1300/P | 1944/PUB | 5/12/2020 |
| CV20030647 | SFR/D | 1410 | Torrance BLVD | $690,000 | $403.51 | 3/2,0,0,0 | 1710/A | 1956/ASR | 5/4/2020 |
| SW20013553 | SFR/D | 21315 S | Normandie AVE | $906,990 | $476.36 | 4/3,0,0,0 | 1904/B | 2019/BLD | 5/18/2020 |
| SB20052637 | CONDO/A | 838 | Coriander DR #D | $290,000 | $453.83 | 1/1,0,0,0 | 639/P | 1973/PUB | 5/29/2020 |
| SB19277187 | CONDO/A | 23312 | Marigold AVE #T204 | $410,000 | $384.62 | 3/2,0,0,0 | 1066/A | 1973/ASR | 5/1/2020 |
| SB20050583 | SFR/D | 20811 | Doble AVE | $630,000 | $484.62 | 3/2,0,0,0 | 1300/A | 1960/ASR | 5/1/2020 |
| SB20072389 | SFR/D | 21312 | Payne Ave | $635,000 | $490.35 | 3/2,0,0,0 | 1295/A | 1960/ASR | 5/27/2020 |
| 20561844 | TWNHS | 3090 | Newton ST | $810,000 | $437.37 | 2/2,0,1,0 | 1852/ | 2003 | 5/15/2020 |
| PV20039796 | TWNHS/A | 3922 W | 242nd ST | $861,000 | $570.58 | 3/2,0,0,1 | 1509/B | 2020/BLD | 5/22/2020 |
| PV20016706 | TWNHS/A | 3918 W | 242nd ST | $935,000 | $598.21 | 3/3,0,0,0 | 1563/B | 2020/SLR | 5/7/2020 |
| SB19234953 | TWNHS/A | 3534 | Emerald ST | $475,000 | $599.75 | 2/1,0,0,0 | 792/A | 1985/ASR | 5/15/2020 |
| SB20047379 | COOP/A | 3115 | Merrill DR #44 | $485,000 | $309.51 | 3/1,1,0,0 | 1567/E | 1963/PUB | 5/13/2020 |
| SB20023026 | CONDO/A | 1745 | Maple AVE #45 | $576,000 | $338.82 | 3/2,0,0,0 | 1700/T | 1963/ASR | 5/5/2020 |
| SB20056313 | TWNHS/A | 2595 | Plaza Del Amo #420 | $743,000 | $519.94 | 2/2,0,1,0 | 1429/A | 1987/ASR | 5/4/2020 |
| SB20033195 | TWNHS/A | 3468 | Del Amo BLVD | $757,300 | $453.47 | 4/2,0,1,0 | 1670/A | 1974/ASR | 5/6/2020 |
| SB20057470 | SFR/D | 1316 | Cordary AVE | $854,000 | $540.51 | 3/1,1,0,0 | 1580/A | 1951/PUB | 5/29/2020 |
| SB20018489 | SFR/D | 4902 | Pacific Coast | $989,000 | $658.89 | 3/0,2,0,0 | 1501/A | 1953/ASR | 5/6/2020 |
| SB20067312 | SFR/D | 4817 | Zakon RD | $900,000 | $777.20 | 3/1,0,1,0 | 1158/A | 1956/ASR | 5/12/2020 |
| SB20028943 | SFR/D | 5133 | Macafee RD | $928,000 | $705.70 | 3/1,1,0,0 | 1315/S | 1949/ASR | 5/20/2020 |
| SB19274713 | SFR/D | 24005 | Los Codona AVE | $935,000 | $377.02 | 4/3,0,1,0 | 2480/A | 2001/ASR | 5/1/2020 |
| SB20053113 | SFR/D | 23003 | Evalyn AVE | $945,000 | $624.59 | 3/2,0,0,0 | 1513/A | 1954/ASR | 5/6/2020 |
| OC20068314 | SFR/D | 4146 W | 229th ST | $950,000 | $564.13 | 4/3,0,0,0 | 1684/E | 1968/ASR | 5/29/2020 |
| PV20055168 | SFR/D | 4418 W | 233rd ST | $1,140,000 | $583.42 | 4/2,0,0,0 | 1954/A | 1960/ASR | 5/1/2020 |
| SB20076678 | SFR/D | 23202 | Ladeene AVE | $1,150,000 | $608.47 | 4/2,0,0,0 | 1890/A | 1960/ASR | 5/27/2020 |
| SB20078065 | CONDO/A | 5500 | Torrance BLVD #C231 | $647,500 | $506.25 | 3/2,0,0,0 | 1279/A | 1990/ASR | 5/29/2020 |
| SB20068601 | SFR/D | 4302 | Lenore ST | $850,000 | $673.00 | 4/2,0,0,0 | 1263/A | 1956/ASR | 5/29/2020 |
| IV20053830 | SFR/D | 21301 | Marjorie AVE | $900,500 | $496.96 | 3/1,2,0,0 | 1812/P | 1956/PUB | 5/13/2020 |
| SB20058366 | SFR/D | 21601 | Redbeam AVE | $915,000 | $624.15 | 4/2,0,0,0 | 1466/A | 1955/PUB | 5/1/2020 |
| SB20064702 | SFR/D | 4636 | Bulova ST | $815,000 | $732.91 | 3/1,0,0,0 | 1112/A | 1954/ASR | 5/5/2020 |
| SB20057420 | SFR/D | 19517 | Beckworth AVE | $830,000 | $750.45 | 3/1,0,0,0 | 1106/A | 1955/ASR | 5/13/2020 |
| SB20048503 | TWNHS/D | 4126 | Spencer ST | $878,000 | $485.62 | 3/2,0,1,0 | 1808/A | 2004/ASR | 5/18/2020 |
| SB20089850 | SFR/D | 5129 | Towers ST | $889,000 | $694.53 | 3/1,0,0,0 | 1280/A | 1954/ASR | 5/29/2020 |
| SB20056899 | SFR/D | 5618 | Sara DR | $1,331,000 | $577.44 | 4/2,1,1,0 | 2305/A | 1959/ASR | 5/12/2020 |
| DW20075598 | SFR/D | 3424 W | 182nd ST | $544,000 | $451.45 | 3/2,0,0,0 | 1205/A | 1956/ASR | 5/29/2020 |
| SB20066595 | SFR/D | 17002 | Glenburn AVE | $700,000 | $650.56 | 3/1,0,0,0 | 1076/A | 1948/PUB | 5/20/2020 |
| SB20063842 | SFR/D | 4038 W | 176th ST | $767,600 | $510.71 | 3/0,2,0,0 | 1503/A | 1952/ASR | 5/8/2020 |
| SB20073281 | SFR/D | 4315 W | 176th ST | $830,000 | $484.25 | 3/2,0,1,0 | 1714/A | 1952/ASR | 5/21/2020 |
| MB20075692 | SFR/D | 21319 | Berendo AVE | $530,000 | $409.27 | 3/2,0,0,0 | 1295/A | 1959/ASR | 5/15/2020 |
| SB20061751 | SFR/D | 16107 | Van Ness AVE | $665,000 | $449.93 | 4/1,1,0,0 | 1478/A | 1956/ASR | 5/14/2020 |
| PW20068122 | SFR/D | 1948 W | 187th PL | $693,000 | $550.00 | 3/1,1,0,0 | 1260/A | 1958/ASR | 5/19/2020 |
| SB20037460 | SFR/D | 17315 | Atkinson AVE | $717,000 | $616.51 | 3/2,0,0,0 | 1163/A | 1947/ASR | 5/7/2020 |
| SB20063236 | SFR/D | 18312 | Wilton PL | $875,000 | $538.79 | 3/2,0,0,0 | 1624/A | 1962/ASR | 5/22/2020 |
| SB20048696 | SFR/D | 2139 | Del Amo BLVD | $775,000 | $394.20 | 5/3,0,0,0 | 1966/A | 1996/ASR | 5/19/2020 |
| SB20072657 | CONDO/A | 22734 | Cypress ST | $615,000 | $447.60 | 3/3,0,0,0 | 1374/A | 1974/ASR | 5/29/2020 |
| SB20074635 | SFR/D | 1719 W | 239th ST | $747,000 | $576.39 | 3/2,0,0,0 | 1296/A | 1956/ASR | 5/27/2020 |
| SR20074960 | SFR/D | 23811 | Huber AVE | $780,000 | $601.85 | 3/2,0,0,0 | 1296/A | 1956/ASR | 5/27/2020 |
| PV20077152 | SFR/D | 2359 W | 230th ST | $879,000 | $407.13 | 4/2,0,0,0 | 2159/T | 1971/ASR | 5/28/2020 |
| PW20042087 | SFR/D | 2217 W | 234th ST | $1,155,000 | $340.71 | 4/3,0,0,0 | 3390/A | 1991/ASR | 5/8/2020 |
Torrance Real Estate Market Update – At a Glance
Welcome to our quick real estate recap for April. Torrance definitely saw a drop in the number of home sales during the month with 81 closed home sales compared with 99 a year earlier. Compared with many other cities that saw almost a 50% drop from the year earlier this wasn’t bad at all. The average days on market was a very speedy 24 compared with 37 in 2019. The median sales price was $792,0000 and the average price per foot was $503. See more details in our full Torrance real estate trends and statistics area. See also the Torrance homes that sold in April.
What’s Happening in North Torrance Real Estate?
Welcome to the market update for real estate in North Torrance. North Torrance is the neighborhood just off of Artesia Blvd just south of 
the homes of Lawndale CA and Gardena. This area has some of the more affordable single family home options compared with other parts of Torrance in some great neighborhoods. Some of the reason for homes being less expensive than in West Torrance and Southwood is A) it’s a bit further from the beach B) the neighborhoods are closer to commercial and industrial property so there are some great small streets but they’re generally not far from busier areas and C) the schools are still great but not quite as highly rated.
Not surprisingly given the coronavirus impacts, the number of homes for sale has gone up while the number of recent sales has dropped slightly (see chart showing the past 15 months)
[idx-listings zip=”90504″ statuses=”1″ orderby=”DateAdded” orderdir=”DESC” count=”25″ showlargerphotos=”true” listtabalignment=”Left” shortcoderesultsview=”listmap”]
North Torrance Real Estate Trends & Statistics – By the Numbers
Welcome to the real estate trends and statistics for the North Torrance neighborhoods or 90504 homes for sale. Whether you are a buyer, or
a seller, knowing what the market is doing and where it appears to be heading can make all of the difference in the world. If we can be of assistance in any way please don’t hesitate to contact us. You can view these trends for all Torrance CA neighborhoods or specifically for North Torrance – West .
View the current homes for sale in North Torrance.
The chart below shows the recent history of the number of active listings, pending home sales and closed escrows. The higher ratio of active to sold/pending listings shows a buyers market while lower inventory shows a sellers market.
The chart below shows the average price per square foot in North Torrance West. This includes all types of homes including condos, townhomes and single family homes
The chart below shows the percentage of sold price / list price at which an equal number of properties are sold above, equal or below the list price and it indicates how long it has taken to sell those properties.
The chart below shows the difference between the average price for sale in North Torrance and average price of the sold homes. It helps determine whether the market is a buyer or seller market. If the average listing price and average sold price are the closest, the area has the healthiest market.
The chart below shows the months of inventory for a particular month. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer’s market.
CURRENT NORTH TORRANCE HOMES FOR SALE
[idx-listings zip=”90504″ statuses=”1″ orderby=”DateAdded” orderdir=”DESC” count=”25″ showlargerphotos=”true” listtabalignment=”Left”]
Happy Cinco De Mayo Torrance!
From Torrance real estate specialist Keith Kyle, Torrance Real Estate Homes.com and Vista Sotheby’s……we wish you a very happy and safe Cinco De Mayo. While it may not be the usual party we hope you enjoy.
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