While the most important real estate information to consider whether buying or selling is the current market conditions….it’s also good to look back from a historical perspective to see how today’s real estate market compares with the past few years.
Central Torrance Number of Homes For Sale (light green) Sold (dark green) in escrow (red line) since the end of 2013.
Note the high number of homes on the market during the buyers market from 2012-2015
year compared with in 2017 and in 2016. The average sold price was $732,542 with the average list price at $728,011. The median sales price was $715,000 with the median listing price of $719,000. When the homes sell that close or even over list price that’s a sure sign of a seller’s market and a great indicator of very high buyer demand. Another sure sign of the demand is the extremely low days on market. Homes averaged 23 days before entering escrow and the median was only 10 days on market. The highest priced sale of the year was $1,015,000 for a 4 bedroom single family style detached home in