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North Torrance Real Estate Trends & Statistics – By the Numbers

Welcome to the real estate trends and statistics for the North Torrance neighborhoods or 90504 homes for sale. Whether you are a buyer, or a seller, knowing what the market is doing and where it appears to be heading can make all of the difference in the world. If we can be of assistance in any way please don’t hesitate to contact us. You can view these trends for all Torrance CA neighborhoods or specifically for North Torrance – West .

View the current homes for sale in North Torrance.

The chart below shows the recent history of the number of active listings, pending home sales and closed escrows. The higher ratio of active to sold/pending listings shows a buyers market while lower inventory shows a sellers market.

The chart below shows the average price per square foot in North Torrance West. This includes all types of homes including condos, townhomes and single family homes

The chart below shows the percentage of sold price / list price at which an equal number of properties are sold above, equal or below the list price and it indicates how long it has taken to sell those properties.

The chart below shows the difference between the average price for sale in North Torrance and average price of the sold homes. It helps determine whether the market is a buyer or seller market. If the average listing price and average sold price are the closest, the area has the healthiest market.

The chart below shows the months of inventory for a particular month. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer’s market.

CURRENT NORTH TORRANCE HOMES FOR SALE

[idx-listings zip=”90504″ statuses=”1″ orderby=”DateAdded” orderdir=”DESC” count=”25″ showlargerphotos=”true” listtabalignment=”Left”]

in Home Prices, Homes for Sale, North Torrance West, Real Estate Market, Real Estate Trends, Torrance home prices, Torrance Real Estate Posted by Keith Kyle
New Horizons senior condos in Torrance

Torrance Real Estate Recap – April 2020 Home Sales & Prices in Torrance CA

April was still a fairly active month for the Torrance CA real estate market. There were 81 home sales for the month which was well below the 99 sold homes from this time a year ago.  The median list price for the homes that sold was $789,000 with the median “sold” price of
$779,000 indicating a strong seller’s market. Average price per foot for the month was $515.

View the current homes for sale in Torrance

Home For Sale in April 2020: 102 units.
• Up 24.4% compared to last month
• Down 32% compared to last year

Home Closed in April 2020: 79 units.
• Down 9.2% compared to last month
• Down 20.2% compared to last year

Home Placed under Contract in April 2020: 45 units.
• Down 43% compared to last month
• Down 59.1% compared to last year

April Home Sales and Home Prices for Torrance

Type
 Address
Price
$ Per Foot
Bed/Bath
Sq Feet
Year Built
CONDO/A
1614 W
 207th ST
#2
$515,000
$266.84
3/2,0,1,0
1930/A
2006/ASR
SFR/D
20848
 Denker Ave   
$630,000
$690.79
2/1,0,0,0
912/OTH
1954/OTH
SFR
21911
 NORMANDIE AVE  
$650,000
$527.60
2/1,0,0,0
1232/
1948
SFR/D
1060 W
 220th ST  
$650,000
$435.66
4/2,0,0,0
1492/A
1952/ASR
SFR/D
1326
 Harmony WAY  
$655,000
$324.90
4/3,0,0,1
2016/A
2007/ASR
SFR/D
21223 S
 Normandiee AVE  
$862,990
$453.25
4/3,0,0,0
1904/B
2019/BLD
SFR/A
21455 S
 Normandie AVE
$916,990
$403.78
4/3,0,0,0
2271/B
2019/BLD
CONDO/A
1119
 Sepulveda BLVD#H202
$340,000
$427.14
2/1,0,0,0
796/A
1973/ASR
CONDO/A
20516 S
 Vermont AVE#56
$375,000
$387.00
2/1,1,0,0
969/A
1978/ASR
CONDO/A
22224 S
 Vermont AVE#102C
$435,000
$388.39
2/2,0,0,0
1120/A
1985/ASR
TWNHS/A
22533 S
 Vermont AVE#72
$445,000
$361.49
2/1,0,1,0
1231/A
1982/ASR
TWNHS/A
22330
 Harbor Ridge LN #5
$505,000
$392.39
3/1,0,1,0
1287/A
1980/ASR
TWNHS/A
22326
 Harbor Ridge LN #2
$520,000
$353.26
3/2,0,1,0
1472/A
1979/PUB
TWNHS/A
1126 W
 228th ST
#19
$549,000
$403.08
3/2,0,1,0
1362/A
1988/ASR
SFR/D
801 W
 213th ST  
$620,000
$343.11
3/2,0,0,0
1807/A
1976/ASR
SFR/D
3132
 Dalemead ST
$855,000
$673.23
3/2,0,0,0
1270/A
1950/ASR
SFR/D
3244
 Danaha St
$880,000
$767.89
3/2,0,0,0
1146/A
1950/ASR
SFR/D
2643
 Loftyview DR
$950,000
$627.48
3/2,0,0,0
1514/A
1954/ASR
SFR/D
2634
 Loftyview DR
$950,000
$583.54
3/1,1,0,0
1628/A
1954/ASR
SFR/D
4134
 Pacific Coast #134
$1,145,000
$405.45
5/4,0,0,0
2824/A
2001/ASR
CONDO/A
3030
 Merrill DR #1
$502,800
$369.43
2/1,1,0,0
1361/T
1963/ASR
COOP/A
3205
 Merrill DR #20
$525,000
$388.89
3/1,1,0,0
1350/E
1963/ASR
TWNHS/A
1704
 Elm AVE #23
$690,000
$357.14
3/2,0,1,0
1932/E
1981/ASR
TWNHS/A
2931
 Plaza Del #22
$715,000
$525.35
2/2,0,1,0
1361/A
1985/ASR
TWNHS/A
2595
 Plaza Del #419
$745,000
$480.96
3/3,0,0,0
1549/A
1986/ASR
TWNHS/A
2300
 Maple AVE #178
$750,000
$431.53
3/3,0,0,0
1738/A
1988/ASR
CONDO/A
3538
 Torrance #192
$776,000
$466.07
3/2,0,1,0
1665/A
2005/ASR
TWNHS/D
2785
 Maricopa
$939,000
$373.81
4/3,0,0,0
2512/A
2005/ASR
SFR/D
2116
 Bridgeport Way
$1,000,000
$410.00
3/2,0,1,0
2439/A
1988/ASR
SFR/D
1122
 Cranbrook Ave
$1,192,000
$430.64
6/3,0,1,0
2768/A
1951/ASR
CONDO/A
24410
 Crenshaw BLVD #317
$315,000
$483.87
1/1,0,0,0
651/A
1987/PUB
CONDO/A
22625
 Nadine CIR#B
$420,000
$376.01
2/2,0,0,0
1117/A
1963/ASR
CONDO/A
23028
 Nadine CIR#B
$460,000
$411.82
2/2,0,0,0
1117/A
1963/ASR
SFR/D
22632
 Greenwoo>d AVE
$865,000
$621.41
3/2,0,0,0
1392/P
1960/ASR
SFR/D
2729 W
 230th ST
$960,000
$597.76
3/1,1,0,0
1606/A
1960/ASR
SFR/D
24707
 Via Valmonte
$928,000
$623.24
2/2,0,0,0
1489/P
1970/ASR
SFR/D
4818
 Greenmeadows AVE
$950,000
$538.55
4/2,0,0,0
1764/A
1953/ASR
SFR/D
4709
 Greenmeadows AVE
$1,075,000
$614.99
3/1,1,0,0
1748/A
1953/ASR
SFR/D
5505
 Riviera Way
$2,225,000
$646.80
4/4,0,0,0
3440/B
2019/BLD
CONDO/A
22218 S
 Vermont Ave#102C
$430,000
$383.93
2/2,0,0,0
1120/A
1985/ASR
SFR/D
4210
 Cathann St
$949,000
$623.52
3/2,0,0,0
1522/A
1956/ASR
CONDO/A
5500
 Torrance #C121
$660,000
$516.03
3/2,0,0,0
1279/A
1990/ASR
SFR/D
21806
 Anza AVE
$849,000
$744.74
3/1,1,0,0
1140/A
1956/ASR
SFR/D
4710
 Scott ST
$900,000
$765.96
3/1,1,0,0
1175/A
1955/ASR
CONDO/A
5500
 Torrance Blvd #A309
$685,000
$495.30
3/2,0,0,0
1383/A
1990/ASR
SFR/D
19609
 Talisman St
$860,000
$575.64
3/2,0,0,0
1494/A
1954/ASR
SFR/D
4810
 Carmelynn
$865,000
$596.55
3/1,0,0,0
1450/S
1955/ASR
TWNHS/A
4410
 Emerald ST#46
$899,999
$395.26
3/1,1,1,0
2277/P
1981/PUB
SFR/D
4520
 Darien ST
$946,900
$862.39
3/1,0,0,0
1098/A
1954/ASR
SFR/D
5214
 Arvada ST
$965,000
$861.61
3/1,1,0,0
1120/A
1954/PUB
SFR/D
19516
 Ronald AV
$965,000
$835.50
3/1,1,0,0
1155/A
1956/ASR
SFR/D
19309
 Donora AV
$1,015,000
$686.27
3/2,0,1,0
1479/A
1955/ASR
SFR/D
19715
 Redbeam
$1,125,000
$674.87
3/2,0,0,0
1667/A
1969/ASR
SFR/D
5602
 Marialinda
$1,180,000
$737.50
3/2,0,0,0
1600/S
1959/ASR
SFR/D
5609
 Marialinda
$1,200,000
$650.05
4/2,0,0,0
1846/A
1959/ASR
SFR/D
19202
 Beckworth Ave
$1,400,000
$590.47
4/2,0,0,0
2371/A
1954/ASR
SFR/D
3418 W
 172nd ST
$755,000
$516.77
3/2,0,0,0
1461/A
1953/ASR
SFR/D
18929
 Roselle AV
$780,000
$428.34
4/1,2,0,0
1821/A
1968/ASR
SFR/D
4217 W
 175th PL
$860,000
$416.87
4/2,0,0,0
2063/A
1976/ASR
SFR
4146 W
 177TH ST
$925,000
$404.46
4/2,0,1,0
2287/
1952
TWNHS/A
18421
 Van Ness AVE
$550,000
$416.35
3/2,0,1,0
1321/A
1964/ASR
TWNHS/A
2052
 Artesia BL #B
$620,000
$371.04
3/3,0,0,0
1671/A
2001/OTH
SFR/D
16010
 Illinois CT\
$750,000
$370.92
5/3,0,0,0
2022/A
1950/ASR
SFR/D
2007 W
 180TH ST 4315
$779,000
$575.76
3/1,1,0,0
1353/A
1957/ASR
SFR/D
2615 W
 166th PL W
$835,000
$642.31
3/1,1,0,0
1300/A
1955/ASR
SFR/D
16515
 Purche AV E
$850,000
$450.69
3/2,0,1,0
1886/A
1955/ASR
SFR/D
16923
 Cranbrook AVE
$885,000
$441.84
4/2,0,0,0
2003/A
1956/ASR
TWNHS
1262
 ENGRACIA AVE
$590,000
$671.98
2/1,0,1,0
878/
2005
TWNHS/A
1956
 Plaza Del Amo #A
$618,000
$446.85
3/3,0,0,0
1383/A
1987/ASR
SFR/D
2435
 Cabrillo AVE
$725,000
$620.72
3/1,0,0,0
1168/A
1942/ASR
TWNHS/D
1911
 Gramercy AVE
$730,000
$507.65
3/2,0,0,0
1438/A
1990/ASR
CONDO/A
759
 Border AVE
$750,000
$483.87
3/2,0,1,0
1550/A
2005/PUB
SFR/D
2216 W
 236th PL
$720,000
$549.62
4/1,1,0,0
1310/A
1955/ASR
SFR/D
2826
 Gramercy AVE
$765,000
$728.57
3/2,0,0,0
1050/A
1947/ASR
SFR/D
2379 W
 230th ST
$808,000
$481.53
3/1,1,1,0
1678/A
1958/ASR
SFR/D
2350 W
 228th ST
$903,000
$393.29
4/2,1,0,0
2296/A
1963/ASR
SFR/D
1832 W
 243rd Pl
$926,000
$493.08
4/2,0,0,0
1878/A
1964/ASR
SFR/D
2228 W
 231st ST
$980,000
$517.70
4/3,0,0,0
1893/P
1973/PUB
CONDO/A
1528
 Marcelina AVE #F
$485,000
$575.33
2/1,0,0,0
843/A
1991/ASR
SFR/D
20603
 Berendo AVE
$590,000
$512.15
3/2,0,0,0
1152/A
1930/PUB
SFR/D
720 W
 214th ST
$607,000
$404.13
3/2,0,0,0
1502/A
1950/PUB
in Home Prices, Homes for Sale, Old Torrance, Plaza Del Amo, Torrance home prices, Torrance Realtors Posted by Keith Kyle

Big Jump In Pending Home Sales for Torrance

Although this is likely to change given the challenges of Covid 19 and it’s impact on local real estate, the beginning of 2020 has seen a big jump in pending home sales in Torrance.  December of 2019 saw a multi year low, due primarily to the very low number of available homes for sale.  That has changed dramatically since the new year, however…..pending homes sales have gone from 49 in December to,  83 in January to 124 in February (March numbers should be coming soon).

Torrance real estate in the past 15 months

in Home Prices, Homes for Sale, Real Estate Trends, Torrance Real Estate Posted by Keith Kyle
New Horizons senior condos in Torrance

Torrance Market Update – March 2020 Home Sales in Torrance CA

March 2020 was another solid month for real estate in Torrance CA….the South Bay’s largest city.  There were 84 on market closed sales during the month which is down slightly from March 2019 but was still the highest since the beginning of 2020.  The number of pending sales has jumped considerable each month of 2020 thus far so one would have expected that to continue.

View the current homes for sale in Torrance

March numbers were not yet impacted by Covid 19 so that will likely change things quite a bit as many “pending” escrows have fallen out and are now back on the market.  The median asking price was $787,000 with the median “sold” price at $815,000 which means that home were selling WAY over the list price indicating a market VERY favorable to sellers.  The average price per foot was $515.80 and median days on the market was only 9 before going into escrow.  4 of the sales were in the 55+ community of New Horizons which was certainly more than any other specific neighborhood.

March 2020 Torrance Home Sales

Type   Address Price $ Per Foot Bed/Bath Sq Feet Year Built Sold Date
TWNHS 1445 W 224TH ST   #5 $495,000 $348.59 3/1,1,1,0 1420/A 2007/ASR 3/10/2020
CONDO/A 20434 S Vermont AVE   #72 $267,500 $407.77 1/1,0,0,0 656/A 1978/ASR 3/13/2020
CONDO/A 1129 Sepulveda BLVD   #M201 $348,000 $437.19 2/1,0,0,0 796/A 1973/ASR 3/25/2020
CONDO/A 23334 Sesame ST   #C $360,000 $434.26 2/2,0,0,0 829/A 1973/ASR 3/16/2020
CONDO/A 806 Coriander DR   #G $365,000 $440.29 2/2,0,0,0 829/A 1973/ASR 3/27/2020
CONDO/A 21858 S Vermont Av    #4 $377,000 $403.64 2/2,0,0,0 934/A 1994/ASR 3/2/2020
CONDO/A 23334 Sesame ST   $390,000 $470.45 2/1,1,0,0 829/A 1973/ASR 3/3/2020
SFR/D 23033 Alexandria AVE   $420,000 $259.42 3/1,0,0,0 1619/A 1956/ASR 3/27/2020
SFR/D 1056 W 220th ST   $461,500 $456.03 3/1,0,0,0 1012/A 1952/PUB 3/4/2020
SFR/D 1040 Fiat ST   $500,000 $520.83 3/1,0,0,0 960/A 1954/ASR 3/5/2020
SFR/D 23111 Alexandria AVE   $540,000 $575.69 2/1,0,1,0 938/A 1956/ASR 3/27/2020
SFR/D 1057 Fiat ST   $542,000 $564.58 3/1,0,0,0 960/A 1954/ASR 3/26/2020
SFR/D 21419 Marigold AVE   $580,000 $428.99 3/1,1,0,0 1352/A 1959/ASR 3/10/2020
SFR/D 711 Gian DR   $730,000 $302.03 4/3,0,0,0 2417/A 1968/EST 3/25/2020
SFR/D 22530 Meyler ST   $735,000 $422.66 4/2,0,0,0 1739/A 1961/ASR 3/23/2020
SFR/D 2611 Nearcliff ST   $774,000 $735.04 3/1,0,0,0 1053/A 1954/ASR 3/27/2020
SFR/D 3202 Singingwood DR   $850,009 $421.84 3/3,0,0,0 2015/A 1976/ASR 3/10/2020
SFR/D 3314 Danaha ST   $878,700 $631.70 3/2,0,0,0 1391/A 1949/ASR 3/27/2020
SFR/D 3326 Primm WAY   $900,000 $843.49 3/1,0,0,0 1067/A 1950/ASR 3/26/2020
SFR/D 25811 Matfield DR   $921,000 $594.19 3/2,0,0,0 1550/A 1956/ASR 3/24/2020
SFR/D 3506 Senefeld DR   $940,000 $755.63 3/2,0,0,0 1244/A 1951/ASR 3/6/2020
SFR/D 3014 Softwind WAY   $1,065,000 $575.05 3/3,0,0,0 1852/A 1975/ASR 3/25/2020
SFR/D 3321 Candlewood RD   $1,300,000 $520.21 4/3,0,1,0 2499/A 1975/ASR 3/26/2020
DPLX/D 24458 Park ST   $1,599,000 $533.00 5/3,0,0,0 3000/A 1962/ASR 3/9/2020
TWNHS/A 3101 Plaza Del Amo    #104 $623,000 $525.30 2/2,0,1,0 1186/A 1986/ASR 3/16/2020
TWNHS/A 2971 Plaza Del Amo    #293 $658,000 $483.47 2/3,0,0,0 1361/A 1985/ASR 3/20/2020
TWNHS/A 3538 Torrance BLVD   #156 $815,000 $454.80 3/2,0,1,0 1792/A 2005/ASR 3/24/2020
SFR/D 2510 Dorset    $1,065,000 $431.17 4/2,0,1,0 2470/A 1991/ASR 3/27/2020
CONDO/A 22647 Nadine CIR   #A $443,000 $396.60 1/2,0,0,0 1117/A 1963/PUB 3/13/2020
CONDO/A 22645 Nadine CIR   #B $455,000 $407.34 2/2,0,0,0 1117/A 1963/ASR 3/12/2020
CONDO/A 22913 Maple AVE   #B $475,000 $425.25 2/2,0,0,0 1117/P 1963/ASR 3/6/2020
CONDO/A 22628 Nadine CIR   #A $490,000 $515.79 2/2,0,0,0 950/A 1963/PUB 3/31/2020
CONDO/A 23016 Nadine CIR   $515,000 $532.57 2/1,0,0,0 967/A 1963/ASR 3/2/2020
SFR/D 3514 W 224th ST   $862,500 $544.85 3/1,0,1,0 1583/A 1954/ASR 3/24/2020
SFR/D 22910 Wade AVE   $1,185,000 $357.79 4/2,0,1,0 3312/A 1976/ASR 3/13/2020
SFR/D 4317 Highgrove AVE   $1,050,000 $630.25 3/1,0,1,0 1666/A 1954/ASR 3/9/2020
SFR 4427 VISTA LARGO    $1,325,000 $784.02 4/2,0,1,0 1690/ 1958 3/6/2020
SFR/D 4621 Via El Sereno    $1,428,015 $653.85 4/1,2,0,0 2184/A 1963/ASR 3/19/2020
SFR/D 4002 W 234th ST   $830,000 $547.49 3/2,0,0,0 1516/A 1961/ASR 3/18/2020
SFR/D 23224 Anza AVE   $940,000 $554.25 4/2,0,0,0 1696/E 1960/EST 3/4/2020
SFR/D 23633 Ladeene AVE   $980,000 $655.08 3/1,1,0,0 1496/A 1962/ASR 3/23/2020
SFR/D 4616 mindora DR   $990,000 $769.83 3/0,1,0,0 1286/A 1951/ASR 3/16/2020
SFR 4134 PACIFIC COAST HWY   #124 $1,087,000 $434.80 3/2,0,1,0 2500/AP 2001 3/17/2020
SFR/D 5130 Sepulveda BLVD   $1,100,100 $428.22 4/2,2,0,0 2569/A 1952/ASR 3/13/2020
SFR 22329 LADEENE AVE   $1,269,400 $575.43 4/3,0,0,0 2206/ 1953 3/23/2020
SFR/D 22312 Ladeene AVE   $1,270,000 $488.46 5/3,0,0,0 2600/A 1953/ASR 3/31/2020
SFR/D 23203 Los Codona AVE   $1,344,015 $604.32 4/3,0,0,0 2224/A 1965/ASR 3/3/2020
SFR/D 3855 Tiffany CT   $1,360,000 $436.88 5/3,0,0,0 3113/A 1977/ASR 3/3/2020
SFR 22006 ANZA AVE   $895,000 $563.96 3/2,0,0,0 1587/ 1956 3/4/2020
SFR/D 22117 Palos Verdes BLVD   $948,000 $522.89 3/2,0,0,0 1813/A 1955/ASR 3/27/2020
SFR/D 21509 Ladeene AVE   $1,277,000 $674.95 4/3,0,1,0 1892/A 1956/PUB 3/13/2020
TWNHS/A 4438 Spencer ST   #9 $730,000 $431.70 2/2,0,1,0 1691/A 1984/ASR 3/27/2020
TWNHS/A 5208 W 190th ST   $775,000 $423.27 3/1,1,1,0 1831/P 1976/ASR 3/12/2020
SFR/D 4770 W 191st ST   $890,000 $485.81 3/1,0,0,0 1832/A 1954/ASR 3/1/2020
SFR/D 19521 Beckworth AVE   $945,000 $540.00 3/1,1,0,0 1750/A 1954/ASR 3/11/2020
SFR/D 5019 Halison ST   $1,074,000 $561.13 4/2,0,0,0 1914/A 1973/ASR 3/4/2020
SFR/D 5009 Maricopa ST   $1,451,000 $593.94 5/2,0,1,0 2443/A 1959/ASR 3/24/2020
TWNHS/A 4033 W 182nd ST   #C $475,000 $287.53 2/1,0,1,0 1652/A 1980/ASR 3/16/2020
SFR/D 4303 W 178th ST   $708,000 $679.46 2/2,0,0,0 1042/A 1949/ASR 3/24/2020
SFR/D 3705 W 180th PL   $715,000 $642.99 3/1,0,0,0 1112/A 1953/ASR 3/26/2020
SFR/D 3705 W 180th PL   $715,000 $642.99 3/1,0,0,0 1112/P 1953/ASR 3/26/2020
SFR/D 3924 W 187TH ST   $790,000 $670.63 3/1,0,1,0 1178/A 1956/ASR 3/11/2020
SFR/D 16703 Ermanita AVE   $800,000 $638.98 3/2,0,0,0 1252/A 1952/ASR 3/25/2020
SFR/D 3116 W 185th ST   $860,000 $564.30 3/1,1,0,0 1524/A 1950/ASR 3/5/2020
SFR/D 18426 Yukon AVE   $950,000 $484.20 4/2,0,1,0 1962/A 1954/ASR 3/17/2020
TWNHS/A 18413 Van Ness AVE   $560,000 $423.92 2/1,1,1,0 1321/A 1964/ASR 3/4/2020
SFR/D 1948 W 187th PL   $625,000 $496.03 3/2,0,0,0 1260/A 1958/ASR 3/5/2020
SFR/D 18825 Wilton PL   $661,500 $443.36 3/2,0,0,0 1492/A 1951/ASR 3/10/2020
SFR/D 18410 Haas AVE   $779,000 $628.23 3/1,1,0,0 1240/A 1955/ASR 3/20/2020
SFR/D 18049 Saint Andrews PL   $815,000 $378.01 4/3,0,0,0 2156/A 1961/ASR 3/26/2020
SFR/D 16216 Taylor CT   $832,000 $509.18 3/2,0,0,0 1634/A 1953/ASR 3/17/2020
SFR/D 17020 Kristin AVE   $840,000 $701.17 3/2,0,0,0 1198/A 1955/ASR 3/3/2020
SFR/D 2131 W 184th ST   $851,000 $425.07 3/1,1,0,0 2002/A 1962/ASR 3/4/2020
SFR/D 1012 Sierra PL   $680,000 $564.78 2/1,1,0,0 1204/A 1950/ASR 3/19/2020
TWNHS/A 2714 Cabrillo AVE   $705,000 $427.27 2/2,0,1,0 1650/A 2006/PUB 3/2/2020
TWNHS/A 1800 Oak ST   #351 $756,000 $507.38 2/2,0,1,0 1490/A 2007/ASR 3/17/2020
TWNHS/A 2303 Jefferson ST   #1208 $859,000 $403.10 3/3,0,0,0 2131/B 2010/ASR 3/6/2020
SFR/D 2416 Santa Cruz CT   $899,000 $386.67 3/2,0,0,0 2325/A 1977/PUB 3/16/2020
SFR/D 1767 W 245th ST   $620,000 $573.01 3/1,0,0,0 1082/A 1952/ASR 3/17/2020
SFR/D 23727 Alliene AVE   $770,000 $691.20 3/1,0,0,0 1114/A 1953/ASR 3/11/2020
SFR/D 2409 W 235th ST   $885,000 $492.76 4/2,0,0,0 1796/A 1959/ASR 3/20/2020
SFR/D 2416 W 228th St    $920,000 $519.48 3/2,0,0,0 1771/A 1971/ASR 3/10/2020
SFR/D 2371 W 235th PL   $1,150,000 $511.11 5/3,0,0,0 2250/A 1963/ASR 3/3/2020
CONDO/A 3220 Merrill DR   #43 $325,000 $477.94 1/1,0,0,0 680/A 1964/ASR 3/10/2020

 

in 55+ Homes, Home Prices, Homes for Sale, Real Estate Market, Real Estate Trends, Torrance Real Estate Posted by Keith Kyle

State of Torrance Real Estate Market As We Head into 2020

Welcome to our Torrance real estate update for the coming year.   2020 is looking to be another banner year for home sellers as the combination of seemingly endless demand and historically low interest rates means more people will be looking to purchase a home.

View the current homes for sale in Torrance California.

In general the real estate market seems to be slowing down heading into 2020 but for a very odd reason…..each month there are fewer homes hitting the market.  Fewer listings mean fewer home sales.  January saw a very slight uptick in the number of listings so we’re hopeful that is a trend that continues.  Other than that small bump in January, the number of homes for sale has dropped every month since May of 2019

According to Torrance realtor Keith Kyle, “It’s clear that the market is cooling off as there has been an increase in new listings coupled with fewer sales and homes going into escrow since summer.”  The chart above shows that the number of active listings has held pretty steady between 150 and 170 since summer, but the number of sold homes as well as new escrows has continued to decrease.  If this trend continues the market will shift more in favor of buyers and less in favor of sellers.  It’s clearly been a sellers market over the past few years.

The chart below shows the upward trend over the past few months with avarage “months of inventory” of unsold homes on the rise.

in Buyers, Escrow Process, First Time Buyers, Home Prices, Homes for Sale, Interest rates, Old Torrance, Real Estate Market, Real Estate Trends, Torrance Real Estate Posted by Keith Kyle