Torrance real estate and homes for sale

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What are the Latest Real Estate Trends in Torrance?

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The story of the current market is that lots of homes are selling for big numbers but the inventory of active listings just aren’t keeping pace with the number of sales.  Without question it’s most definitely a seller’s market.

View the current homes for sale in Torrance

The chart below shows the number of active listings (light green) sold homes (dark green) and pending home sales (red line)  The increase in pending and sold homes is not tracked by any increase in new listings which has held steady.

The chart below shows the average price per square foot. Square footage in the South Bay often doesn’t mean as much as in other markets as values can vary so dramatically due to things such as proximity to the beach, views, specific neighborhoods.

The chart below shows the average days on market per month as well as the % of list price that homes sold at.  A high % indicates a sellers market as home sell at, or above list price.

The chart below shows the average price for listed home sales in relation to the average price for sold homes.

The chart below indicates the months of home inventory based on closed home sales.  Buyer’s market: more than 6 months of inventory  Seller’s market: less than 3 months of inventory  Neutral market: 3 – 6 months of  inventory

Torrance Real Estate Recap – 2019 By the Numbers

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2019 was a very solid year for home sales in Torrance CA.  There were 1,201 on market home sales in the city for an average of 100 a month.  The average list price was $818,500 with an average sales prices of $760,333 indicating that the market is still very strong and slightly favors sellers.  View the chart further down the page to see how it compares with previous years.  Average days on market during the year was 32 so homes tended not to last all that long.

View the current homes for sale in Torrance CA

2019 Home Sales and Home Prices By Month in Torrance

Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019 Avg Per Month
For Sale 131 146 140 150 167 161 151 149 140 122 97 73 1627 136
New Listing 113 112 130 131 150 142 126 144 107 118 72 35 1380 115
Sold 86 50 87 99 123 103 109 120 114 119 90 101 1201 100
Pended 79 79 109 110 126 120 110 132 101 99 90 57 1212 101
Avg. Active Price* $720 $780 $803 $805 $851 $869 825 $825 $819 $900 $822 803 $818,500
Avg. Sold Price* $745 $739 $758 $ 753 $751 $775 $ 762 $800 $784 $734 $805 $814 $768,333
Avg. Sq. Ft. Price (Sold) $499 $495 $494 $473 $ 507 $510 $496 $514 $496 $509 $519 $513 $502
Avg Days on Market 41 34 33 37 25 25 30 30 32 31 37 31 32
Median Sold Price $745 $718 $745 $725 $ 733 $733 $ 742 $793 $777 $741 $802 $780 $ 9,034 $ 752,833

*thousand