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. 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 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. 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 $1,149,000
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