Torrance Real Estate Report and Free Home Search
Whether you’re buying or selling real estate in Torrance or surrounding South Bay areas, you will find local real estate trends helpful. Please come back to my blog for further updates on our local Torrance area real estate market. We will also be happy to provide you with a complimentary home evaluation with the list of current listings and recent sales in your area or neighborhood. Torrance home prices went up by 9% in 1st qtr 2017, when compared with the same period last year. Torrance market remains hot, with rising prices and sales only limited by the low inventory. It is a good news for the home sellers, who now enjoy record prices and are able to cash in on the equity in their properties.
Average selling price went up from $647,999 in the first quarter last year to $708,861 this year – 9% price increase y-o-y. Interest rates remained very low, around 4%, helping home buyers and investors. Low inventory of available homes for sale in Torrance CA continued to put pressure on prices, limiting the number of sales. Below I provided the stats and graphs to illustrate the Torrance real estate market, price trends, inventory in detail. As of today, there are 204 homes on the market in Torrance. The lowest home is listed at $239,000 and the highest at $2.6M, average listed price – $757,697. This illustrates the wide range of homes for sale in Torrance, from the ocean view Hollywood Riviera houses to entry level condos. We have a home for every. price range, neighborhood preference or property type.
Torrance Real Estate Market Report Summary
Total of 260 homes sold in Torrance CA in 1st Qtr ’17 compared with 257 sold a year ago. Average sale price was $657,378 compared with $634,623 12 months ago, which represents a 4% price increase. The lowest sold price was $184,000; the highest was $2M. Average DOM (days on market) was 34 days compared with 55 days.i
Real Estate Statistics Today 7/15/17
|Highest Listing Price:||$2,599,000|
|Lowest Listing Price:||$239,000|
Search All Torrance Homes For Sale By Price
|Under $400,000||$400,000 to $500,000||$500,000 to $600,000||$600,000 to $700,000|
|$700,000 to $800,000||$800,000 to $900,000||$900,000 to $1,000,000||Luxury Homes|
What’s my home worth?
Get your Free Home Evaluation and find out what your home is worth in today’s market. This report is complimentary and can be delivered directly to your mailbox without talking to an agent. Or, if you prepare, we can meet and discuss the market and the value of your home at your convenience.