George Fotion's Market Report

Torrance, CA 90505

Single-Family Homes

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Torrance, CA 90505

Mon Jun 17 2019
This week the median list price for Torrance, CA 90505 is $1,195,000 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

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Torrance, CA 90505

Mon Jun 17 2019
This week the median list price for Torrance, CA 90505 is $1,195,000 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

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $1,195,000
Per Square Foot $554
Days on Market 44
Price Decreased 38%
Price Increased 0%
Relisted 5%
Inventory 37
Median House Rent $3,800
Most Expensive $2,269,000
Least Expensive $809,000
Market Action Index
Strong Seller's Market
53

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

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
$1,748,000 3,113 6,500 - 8,000 sqft 5 2 49 0 0 104
$1,249,000 2,501 6,500 - 8,000 sqft 4 2 56 2 0 17
$1,100,000 2,144 4,500 - 6,500 sqft 4 1 58 1 1 22
$899,000 1,320 4,500 - 6,500 sqft 3 1 66 4 3 36