George Fotion's Market Report

Torrance, CA 90505

Single-Family Homes

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Torrance, CA 90505

Sat Jul 11 2020
This week the median list price for Torrance, CA 90505 is $1,100,000 with the market action index hovering around 52. This is about the same as last month's market action index of 52. Inventory has held steady at or around 24. 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 cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Sat Jul 11 2020
This week the median list price for Torrance, CA 90505 is $1,100,000 with the market action index hovering around 52. This is about the same as last month's market action index of 52. Inventory has held steady at or around 24. 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 cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $1,100,000
Per Square Foot $636
Days on Market 65
Price Decreased 29%
Price Increased 8%
Relisted 0%
Inventory 24
Median Rent $3,800
Most Expensive $2,349,000
Least Expensive $849,000
Market Action 52
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
$1,859,500 3,046 6,500 - 8,000 sqft 5 4 38 0 1 129
$1,142,000 1,883 4,500 - 6,500 sqft 3 3 58 1 1 40
$1,012,500 1,868 4,500 - 6,500 sqft 3 3 47 0 1 68
$889,500 1,090 4,500 - 6,500 sqft 3 1 66 4 3 19