George Fotion's Market Report

Torrance, CA 90505

Single-Family Homes

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Torrance, CA 90505

Mon Nov 11 2019
This week the median list price for Torrance, CA 90505 is $1,275,000 with the market action index hovering around 53. This is less than last month's market action index of 57. Inventory has held steady at or around 37. Click here to stay informed with the Torrance market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Torrance, CA 90505

Mon Nov 11 2019
This week the median list price for Torrance, CA 90505 is $1,275,000 with the market action index hovering around 53. This is less than last month's market action index of 57. Inventory has held steady at or around 37. Click here to stay informed with the Torrance market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $1,275,000
Per Square Foot $600
Days on Market 72
Price Decreased 41%
Price Increased 5%
Relisted 8%
Inventory 37
Median House Rent $3,950
Most Expensive $2,400,000
Least Expensive $895,900
Market Action Index
Strong Seller's Market
53

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,699,000 3,003 8,000 - 10,000 sqft 4 2 51 1 2 132
$1,350,000 2,558 6,500 - 8,000 sqft 4 2 43 3 1 52
$1,199,000 1,690 6,500 - 8,000 sqft 4 1 63 2 0 23
$936,500 1,658 4,500 - 6,500 sqft 4 1 66 0 1 77