Torrance Real Estate in January '17- Home Prices, Inventory and more

Torrance homes prices and market update for January 2017. Free Torrance home search

Torrance Real Estate in January '17- Home Prices, Inventory and more Close
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Torrance Real Estate in January '17- Home Prices, Inventory and more

Posted by Krystyna Baty on Wednesday, February 15th, 2017 at 10:54am.

Torrance Home Prices

How is the Torrance market? People who think about buying or selling often ask this question. I hope my monthly report will help answer this important question and assist you in deciding if this is a good time for you to buy or sell real estate in the Torrance area.

Get your Free Home Evaluation and find out what your home is worth in this market.

Torrance homes prices went up again in January. Average selling price from $651,338 last year to $699,682 this year - which is the 7 percent price increase. Interest rates are still 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.  Below I provided the stats and graphs to illustrate the Torrance real estate market in detail.  Today, there are 137 homes listed for sale in Torrance.  The lowest home is listed at $189,000 and the highest at $2.5M. This shows the wide range of homes for sale in Torrance, from the ocean view Hollywood Riviera estates 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 81 homes sold in Torrance CA in January '17 compared with 78 sold a year ago.  Average sale price was $699,682 compared with $651,338 a year ago, which represents a 7% price increase.  The lowest sold price was $199,000; the highest was $2.1M.  Average DOM (days on market) was 41 days compared with 67 days in January 2016.

Real Estate Statistics Today

Total Listings: 132
Average Price: $679,011
Highest Listing Price: $2,488,000
Lowest Listing Price: $189,000

Search All Torrance Homes For Sale By Price

All Listings $100,000 - $200,000 $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



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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