Pango Group

Torrance, CA 90503

Single-Family Homes

www.pangogroup.com



Torrance, CA 90503

Tue Aug 11 2020
This week the median list price for Torrance, CA 90503 is $1,049,000 with the market action index hovering around 89. This is an increase over last month's market action index of 76. Inventory has held steady at or around 6. 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 continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Torrance, CA 90503

Tue Aug 11 2020
This week the median list price for Torrance, CA 90503 is $1,049,000 with the market action index hovering around 89. This is an increase over last month's market action index of 76. Inventory has held steady at or around 6. 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 continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $1,049,000
Per Square Foot $614
Days on Market 22
Price Decreased 17%
Price Increased 0%
Relisted 0%
Inventory 6
Median Rent $3,500
Most Expensive $1,895,000
Least Expensive $750,000
Market Action 89
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$1,895,000 4,083 0.25 - 0.5 acre 5 5 15 0 0 126
$1,199,000 2,114 4,500 - 6,500 sqft 4 2 65 0 0 7
$1,049,000 1,717 4,500 - 6,500 sqft 3 2 49 2 2 0
$837,500 1,068 4,500 - 6,500 sqft 2 1 64 2 2 0