Torrance Real Estate in 1st Qtr 2017

Torrance real estate report for 1st Qtr 2017 - see how average Torrance home prices changed in last three months, check out price and inventory trends. Search all Torrance CA homes for sale and Find out what your home is worth today.

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Torrance Real Estate in 1st Qtr 2017

Posted by Krystyna Baty on Friday, April 7th, 2017 at 1:31pm.

Torrance Real Estate Report - 1st Qtr '17 vs. 1st Qtr '16

Torrance home prices went up by 4% in 1st qtr 2017, when compared with the same period 12 months ago. So the headline could be - Torrance homes prices continue to rise. It's certainly a good news for the home sellers, not so much for the buyers. Below is the full quarterly report.

Average selling price went up from $634,623 in the first quarter last year to $657,623 this year -  4% price increase y-o-y.  Interest rates remained very low, around 4%, helping home buyers and investors. Low inventory of available homes for sale in Torrance CA continued to put pressure on prices, limiting the number of sales.  Below I provided the stats and graphs to illustrate the Torrance real estate market, price trends, inventory in detail.  As of today, there are 171 homes on the market in Torrance.  The lowest home is listed at $189,000 and the highest at $2.49M, average listed price - $714,615. This illustrates the wide range of homes for sale in Torrance, from the ocean view Hollywood Riviera houses to entry level condos.

Median Price of homes in torrance, CA. Measured on December 04 2016.

 

Price Per Square Foot of homes in torrance, CA. Measured on December 04 2016.

 

Inventory of homes in torrance, CA. Measured on December 04 2016.

 

Torrance Real Estate Market Report Summary

Total of 260 homes sold in Torrance CA in 1st Qtr '17 compared with 257 sold a year ago.  Average sale price was $657,378 compared with $634,623 12 months ago, which represents a 4% price increase.  The lowest sold price was $184,000; the highest was $2M.  Average DOM (days on market) was 34 days compared with 55 days.i

Real Estate Statistics as of today 4/7/17

Total Listings: 171
Average Price: $714,615
Highest Listing Price: $2,488,000
Lowest Listing Price: $189,000

Search All Torrance Homes For Sale By Price

All Listings $200,000 - $300,000 $300,000 - $400,000
$400,000 - $500,000 $500,000 - $600,000 $600,000 - $700,000
$700,000 - $800,000 $800,000 - $900,000 $900,000 - $1,000,000
Over $1,000,000

What's my home worth?

Get your Free Home Evaluation and find out what your home is worth in today's market. This report is complimentary and can be delivered directly to your mailbox without talking to an agent.  Or, if you prepare, we can meet and discuss the market and the value of your home at your convenience.


Krystyna Baty, experienced real estate broker, is committed to the highest standards of professional service for all your South Bay Real Estate needs. I pride in getting top dollar for our home sellers in the least amount of time. For our home buyers my team employs our extensive knowledge and experience to find the perfect home. If you would like more information in regards to buying or selling a home, please email or call me at (310)918-5027 today!

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