It’s finally 2021! It’s exciting just to type that. Now that we’ve moved into a new (and hopefully calmer) year it’s time to review the year that
was in Torrance. What a year it was for real estate and home sales in city of Torrance CA.
Below is a quick glance at the key numbers in 2020 which was impressive both in the number of home sales as well as the prices that they sold at.
There were 1144 on market home sales during 2020 compared with 1204 in 2019. The median sales price was an impressive $835,000. Homes averaged a very brief 24 days on market and the average price per foot was only $533. For more detailed month by month stats see our Torrance real estate market trends and statistics page.
over 50% drop in home sales from the year before. In April Torrance saw 81 home sales in April which was well below the 99 sold homes from this time a year ago but still a solid number.. The median list price for the homes that sold was $789,000 with the median “sold” price of $779,000 indicating a strong seller’s market.