Torrance real estate market in the first quarter was up in all categories - 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 MLS data, sales were 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 certainly contributed to the price increases.
Below is the snapshot of Torrance market today.
Torrance Real Estate Statistics as of 4/18/16
|Highest Listing Price:||$1,898,000|
|Lowest Listing Price:||$170,000|
Call me today at (310)918-5027 if you're buying or selling a home in Torrance California.