Pango Group
Torrance, CA 90505
Single-Family Homes
www.pangogroup.com
Torrance, CA 90505
Sat Jan 16 2021
This week the median list price for Torrance, CA 90505 is $1,249,000 with the market action index hovering around 83. This is an increase over last month's market action index of 81. Inventory has held steady at or around 9.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $1,249,000 | |
| Per Square Foot | $634 | |
| Days on Market | 26 | |
| Price Decreased | 22% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 9 | |
| Median Rent | $3,495 | |
| Most Expensive | $1,975,000 | |
| Least Expensive | $849,900 | |
| Market Action | 83 | |
| Strong Seller's Market | ||
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,697,000 | 2,579 | 6,500 - 8,000 sqft | 4 | 3 | 66 | 0 | 0 | 45 |
| $1,388,500 | 2,713 | 8,000 - 10,000 sqft | 3 | 4 | 37 | 0 | 1 | 45 |
| $1,224,450 | 2,288 | 4,500 - 6,500 sqft | 4 | 2 | 56 | 1 | 0 | 24 |
| $940,000 | 1,411 | 4,500 - 6,500 sqft | 3 | 2 | 68 | 3 | 2 | 0 |