Welcome to our real estate recap for Torrance. This is just a brief overview of the market for the month. The number of homes that sold had a huge drop going from 123 closed home sales in May of 2019 to only 49 in May of 2020. The good news is that home prices were solid with a median sales price of $786,000 and an average price per foot of $514. The homes that sold averaged only 20 days on market. View a list of the homes that sold over the past month.
View the current homes for sale

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.

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