By Keith Kyle

As knowledge is critical in real estate, we hope that the information provided below will make the real estate market in Old Torrance easier to understand and the trends can make for educated decisions.  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.

Number of active listings (light green) sold homes (dark green) and pending home sales (red line) 

The greater the discrepancy between active homes and sold homes indicates a buyers market and when the numbers are closer a sellers market is indicated as inventory is down.

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.

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.

Average price for listed home sales in relation to the average price for sold homes.

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