Let’s take a quick look at the Torrance real estate market for the month of January 2022.
It was definitely a slower month in terms of homes
that closed escrow with only 75 on market home sales. This was not unexpected as the number of homes that went pending in December was very low. It was not an indication that the market is slowing at all and actually was due to the record low inventory of homes for sale towards the end of 2021. The median sales price was $915,000 and homes averaged a very brief 20 days before going into pending status. See how this compares with other months on our Torrance real estate market trends and statistics area.
Torrance real estate – January at a Glance
View the homes that sold in January
bath freestanding single family home in 
during 2o21. The average “list” price was $1,178,161 with the average “sold price at $1,255,610 meaning that homes generally sold WAY WAY over the asking price. The average price per foot was $740 with the average days on market only 22 before going into pending status. See the 
the hill on the Palos Verdes peninsula and feels far removed from the “flat land” of the rest of Torrance. It’s a bit out of the way which is good and bad….as it’s does add to drive time for commuters. The home has been nicely remodeled and has some great city views from the front yard and front of the home.
Summerwind complex. The home has been extensively updated with a very different look and feel then what we are accustomed to. It has a modern beach feel with muted colors and clean lines. The home is priced at $799,000.