George Fotion's Market Report

Torrance, CA 90505

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467



Torrance, CA 90505

Fri May 29 2020
This week the median list price for Torrance, CA 90505 is $1,124,500 with the market action index hovering around 58. This is less than last month's market action index of 64. Inventory has held steady at or around 28. 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 recently plateaued. 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

Fri May 29 2020
This week the median list price for Torrance, CA 90505 is $1,124,500 with the market action index hovering around 58. This is less than last month's market action index of 64. Inventory has held steady at or around 28. 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 recently plateaued. 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 $1,124,500
Per Square Foot $610
Days on Market 41
Price Decreased 25%
Price Increased 0%
Relisted 4%
Inventory 28
Median Rent $3,725
Most Expensive $1,995,000
Least Expensive $833,000
Market Action 58
Strong Seller's Market

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
$1,799,000 3,738 6,500 - 8,000 sqft 4 4 30 3 1 59
$1,250,000 1,620 4,500 - 6,500 sqft 3 3 64 2 1 34
$985,000 1,634 4,500 - 6,500 sqft 3 2 65 2 1 32
$888,000 1,389 4,500 - 6,500 sqft 3 2 66 2 1 40