George Fotion's Market Report

Torrance, CA 90505

Single-Family Homes

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Torrance, CA 90505

Fri Sep 20 2019
This week the median list price for Torrance, CA 90505 is $1,099,000 with the market action index hovering around 55. This is an increase over last month's market action index of 52. Inventory has held steady at or around 31. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Torrance, CA 90505

Fri Sep 20 2019
This week the median list price for Torrance, CA 90505 is $1,099,000 with the market action index hovering around 55. This is an increase over last month's market action index of 52. Inventory has held steady at or around 31. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $1,099,000
Per Square Foot $595
Days on Market 72
Price Decreased 39%
Price Increased 6%
Relisted 10%
Inventory 31
Median House Rent $4,000
Most Expensive $2,499,000
Least Expensive $649,000
Market Action Index
Strong Seller's Market
55

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

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
$1,749,000 3,408 8,000 - 10,000 sqft 5 2 48 1 0 151
$1,259,450 2,267 8,000 - 10,000 sqft 4 1 53 3 1 44
$967,500 1,640 4,500 - 6,500 sqft 4 2 66 0 1 60
$854,950 1,211 4,500 - 6,500 sqft 3 1 65 2 2 42