Pango Group
Torrance, CA 90505
Single-Family Homes
www.pangogroup.com
Torrance, CA 90505
Tue Aug 11 2020
This week the median list price for Torrance, CA 90505 is $1,149,000 with the market action index hovering around 69. This is an increase over last month's market action index of 58. Inventory has held steady at or around 23.
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
| Median List Price | $1,149,000 | |
| Per Square Foot | $618 | |
| Days on Market | 57 | |
| Price Decreased | 39% | |
| Price Increased | 4% | |
| Relisted | 0% | |
| Inventory | 23 | |
| Median Rent | $3,650 | |
| Most Expensive | $2,149,500 | |
| Least Expensive | $849,000 | |
| Market Action | 69 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,399,900 | 3,342 | 4,500 - 6,500 sqft | 4 | 3 | 30 | 1 | 0 | 142 |
| $1,223,500 | 2,209 | 4,500 - 6,500 sqft | 4 | 3 | 49 | 3 | 2 | 38 |
| $997,400 | 1,605 | 4,500 - 6,500 sqft | 3 | 2 | 65 | 2 | 1 | 37 |
| $872,000 | 1,267 | 4,500 - 6,500 sqft | 3 | 2 | 66 | 3 | 0 | 22 |