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

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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.

Torrance Real Estate Recap – 2019 By the Numbers

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

Year by Year Comparison

What’s happening in the Torrance Real Estate Market?

Take a look at the charts below to get a better understanding of what’s happening in the Torrance real estate market.   We hope that getting an awareness of what the real estate market has been doing for the past 18 months can help make you a knowledgeable home buyer or seller in this great city.  See the current homes for sale in the various neighborhoods of Torrance.

For Sale, Sold and Pending Sales in Torrance CA

Average Days on Market in Torrance and % that Homes Sell Versus the Original Listing Price

Keith Kyle is a top producing realtor and Torrance real estate specialist with Vista Sotheby’s International Realty