Torrance Home Value Report 5/17/2016
Value trends in Torrance
- Avg. Single-Family Home Value
- Average Condo Value
- Torrance home sales data was up in all categories in the first quarter of 2016 – number of sales, home prices, average days on market.
210 homes were sold in Torrance (Torrance PO excluded); average list price was $684,427 and average selling price was $683,392 compared with 194 sales in 2015 at average list price of $650,094 and avg selling price $644,126. Based on our local MLS data, number of sales in Torrance went up by 8 percent, selling price was up by 6 %. The inventory of homes for sale in Torrance continues to be much lower than the demand which is driving Torrance home prices up.