Torrance Real Estate Market Report for 2015

Torrance CA real estate market report for 2015. Compare home sales and prices in 2015 to previous year. Contact Krystyna Baty - your Torrance expert for your home evaluation report. Call (310)918-5027

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Torrance Real Estate Market Report for 2015

Posted by Krystyna Baty on Wednesday, January 20th, 2016 at 4:22pm.

TORRANCE REAL ESTATE MARKET IN 2015 VS. 2014

2015 is over.. it's time to reflect and plan... Torrance is one of the largest markets in South Bay. It's located close to LA and major job markets.  It's known for safe neighborhoods, rising property values, excellent schools and beautiful beaches.  I ran several reports today to see how our Torrance real estate market in 2015 compared with the previous year.  We all knew that home prices jumped but how much exactly?  The inventory was pushing prices up but restricting the number of sales.

Here is the summary of sales, average selling prices, days on market, lowest sold house, highest sold... This report is limited to single family homes sold in proper Torrance (no Torrance PO) in order to better show the averages.  Data is based on CRMLS records.

TORRANCE                                                        2014                             2015

No. of sales                                                       683                               726

Avg selling price                                            $705,326                           $742,160

DOM                                                                 48                                   46

Total of 6726 houses were sold in Torrance n 2015 compared with 683 sold previous year.  Average selling price was higher by 5% last year and it was $742,160.  It was $705,326 in 2014.  Days on the market was 46 on average. Highest single family home sold at $2.5M, lowest $385,000 compared with $2.2M and $315,000 in 2014.

What will 2016 bring?  Stay tuned for my monthly and quarterly Torrance market reports.  My Torrance real estate webpage shows all current Torrance listings and running data and stats.

If you're thinking about selling your home, contact me at (310)918-5027 anytime for a Free home evaluation or fill out the short form below:

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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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