It was a HUGE month for the real estate market in Torrance CA during April 2021. There were 137 on market home sales (closing escrow) during the month with another 138 going into escrow. That’s pretty unbelievable. The bad news is that new listings are most definitely not keeping up and there were only 57 active listings later in the month which spells trouble for home buyers in the area. Homes averaged only 13 days on market before selling and the median sales price was an impressive $923,000. See how this compares with other months by visiting our Torrance real estate trends and statistics page.
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throughout Torrance during the first month of 2021. There were 78 property sales in Torrance during the month which was the lowest number of home sales since last May when only 50 homes closed escrow. The median “asking” price of the homes that sold in January 2021 was $804,500 with the median “sold” price at $817,500 indicating a very solid “seller’s” market and meaning that most homes sold well over the asking price. The median price per foot of the homes that sold was $567. See how January home prices compare with previous months on our 
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.