Torrance Real Estate Market Update February 2017

Latest Torrance CA real estate market report - selling prices, inventory, price trends. Search all Torrance homes for sale FREE

Torrance Real Estate Market Update February 2017 Close
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Torrance Real Estate Market Update February 2017

Posted by Krystyna Baty on Wednesday, March 22nd, 2017 at 10:46am.

Torrance Real Estate Report

How is the Torrance market? Both real estate sellers and buyers 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 homes or their real estate investment properties in the Torrance CA area.

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.

Torrance CA homes prices rose again in February. Average selling price went up from $596,946 last year to $650,878 this year - which is the 9% price increase y-o-y.  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, limiting the number of sales.  Below I provided the stats and graphs to illustrate the Torrance real estate market in detail.  As of today, there are 164 residential properties  homes on the market in Torrance.  The lowest home is listed at $189,000 and the highest at $2.45M, average listed price - $735,796. This portraits 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: 163
Average Price: $735,796
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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