Thu Jan 28 2021
This week the median list price for Torrance, CA 90505 is $1,250,000 with the market action index hovering around 78. This is less than last month's market action index of 79. Inventory has held steady at or around 15.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,250,000|
|Per Square Foot||$634|
|Days on Market||25|
|Strong Seller's Market|
The market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,399,900||2,686||6,500 - 8,000 sqft||4||3||56||1||0||35|
|$1,338,500||2,047||6,500 - 8,000 sqft||4||3||64||2||0||33|
|$1,199,950||1,864||4,500 - 6,500 sqft||4||2||68||2||1||29|
|$1,012,000||1,426||4,500 - 6,500 sqft||3||2||67||3||1||3|