What a year it was for the real estate market in Torrance CA. There were 1148 on MLS home sales and closed escrows during the year. The average “list” price was $1,032000 and the average “sold” price was an impressive $932,000. Those numbers are a bit deceiving as there were a few ultra expensive homes that sold during the year and they sold dramatically below the list price which skewed the numbers just a bit. Average price per foot was $636 and the average days on market was a brief 16 before going into pending status.
Well summer may not really be over but for the students out there it’s winding down. Happy back to school and we hope it’s a little easier than last year.
If you’re looking for more information on Torrance Schools click here.
Torrance real estate is picking up after a few, somewhat, slower months. June 2020 saw 95 home sales which was the highest number of home sales since December. The 115 homes in escrow was a dramatic jump from the 46 pending sales in April due to coronavirus slowdown.
The chart below shows the past 15 months with the number of closed sales (dark green bar), pending home sales (red line) and the number of active listings (light green bar).
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)
- List View
- Map View
See all Real estate matching your search.
(all data current as of 7/3/2022)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
It’s no real secret that good schools help drive real estate values in certain neighborhoods and communities. Buyers with kids want to be in areas with good schools and that higher demand helps keep values up. Even those without kids greatly benefit from a strong school system. The stronger the schools the more insulated a market is from any downturns. That was very evident in Redondo Beach that saw home prices drop during the recession and housing crisis, but only a very small amount compared with other local areas that do not have as strong a school system.
A recent CAR study showed that 47% of home buyers said good schools were very importan, 23% said that they were somewhat important, 11% said not very important and 19% said that it was not important at all.
The 19% may not realize just how much of an influence schools play on values and demand. Good elementary schools are often part of a good community and without question most buyers would like to live in a good community.
The Torrance Unified School District is highly ranked and that creates a very high demand, especially for families thinking of living in this coastal community.
The study also conclued that 43% of consumers age 34 or under believe highly rated schools are very important. 58% of consumers earning more than $100,000 a year think that highly rated schools are very important.
Without question one of the many reasons people want to live in Torrance is the highly ranked Torrance Unified School District. From the elementary schools to the highly regarded high schools, the district has a lot to offer and always ranks high in state test scores. Both South and West High were recently named one of the Top 500 Public High Schools by Newsweek. See the school test scores in nearby Redondo Beach CA.
|Evelyn Carr Elementary||813||834||A||-21||Yes|
|Howard Wood Elementary||842||846||A||-4||Yes|
|John Adams Elementary||850||853||A||-3||Yes|
|Joseph Arnold Elementary||899||907||A||-8||Yes|
|Bert M. Lynn Middle||910||936||A||-26||Yes|
|Calle Mayor Middle||908||928||A||-20||Yes|
|Edward J. Richardson Middle||907||921||A||-14||Yes|
|J. H. Hull Middle||800||826||A||-26||Yes|
|Philip Magruder Middle||846||827||A||19||Yes|