George Fotion's Market Report

Torrance, CA 90505

Single-Family Homes

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Torrance, CA 90505

Thu Feb 27 2020
This week the median list price for Torrance, CA 90505 is $1,050,000 with the market action index hovering around 57. This is less than last month's market action index of 58. Inventory has held steady at or around 19. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Torrance, CA 90505

Thu Feb 27 2020
This week the median list price for Torrance, CA 90505 is $1,050,000 with the market action index hovering around 57. This is less than last month's market action index of 58. Inventory has held steady at or around 19. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $1,050,000
Per Square Foot $590
Days on Market 55
Price Decreased 26%
Price Increased 0%
Relisted 5%
Inventory 19
Median Rent $3,995
Most Expensive $2,299,000
Least Expensive $759,000
Market Action 57
Strong Seller's Market

The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

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
$1,949,750 3,311 6,500 - 8,000 sqft 4 3 22 2 2 180
$1,199,000 2,206 6,500 - 8,000 sqft 4 3 44 2 3 46
$975,000 1,518 4,500 - 6,500 sqft 3 2 67 1 0 8
$845,000 1,244 4,500 - 6,500 sqft 3 2 69 3 5 8