Welcome to the overview of the Torrance real estate market for March 2021. It was a HUGE month for home sales with 133 homes closing esrow during the month with an additional 142 going into escrow meaning April will be even bigger. Inventory of active listings was down to 74 and the median sold price was an impressive $923,000. See how March compared with other months on our Torrance real estate trends and statistics page. View the homes that sold in March in and around Plaza Del Amo
Torrance Real Estate Market – January at a Glance
While it was a slower month in terms of the number of home sales compared with prior months, January was still a very solid month for the real estate market in Torrance CA. There were 78 on market home, townhome, and condo sales compared with 60 in January 2020. View addresses, prices and details of the homes that sold in Torrance during January.
Search the current homes for sale in Torrance
The median sales price of the homes that sold was $845,000 with a very short average 27 days on market. View our Torrance real estate stats and trends to see how Januare compares to previous months.
See The Central Torrance and Plaza Del Amo Home Sales in January
Welcome to the real estate recap for the communities of Plaza Del Amo and central Torrance to start off the year. View below to see all of the homes that sold in and around the gated communities of Plaza Del Amo during the first month of 2021. There were 10 property sales in central Torrance during January which was lower than the later months in 2020 and it was the lowest number of home sales since last July. The median “asking” price was 834,900 with the median “sold” price at $827,000 indicating a very solid “seller’s” market and meaning that most homes sold well over the asking price. The median price per foot of the homes that sold was $449. See how January home prices compare with previous months on our real estate trends and statistics page.
View the current “active” homes for sale on the Torrance MLS.
Type | Address | Price | $ Per Sq Foot | Bed/Bath | Sq Feet | Year | Sold Date | |
CONDO | 2940 W | Carson ST #225 | $430,000 | $529.56 | 2/1,0,0,0 | 812/ | 1962 | 1/19/2021 |
CONDO/A | 3220 | Merrill DR #18 | $532,500 | $430.83 | 2/2,0,0,0 | 1236/A | 1964/ASR | 1/6/2021 |
TWNHS/A | 2931 | Plaza Del Amo #78 | $760,500 | $526.30 | 3/2,0,1,0 | 1445/A | 1985/ASR | 1/28/2021 |
TWNHS/A | 2300 | Maple AVE #172 | $820,000 | $476.47 | 3/3,0,0,0 | 1721/A | 1988/ASR | 1/27/2021 |
TWNHS/A | 2801 | Sepulveda Blvd #106 | $825,000 | $455.55 | 3/2,0,1,0 | 1811/A | 1996/ASR | 1/6/2021 |
TWNHS/A | 2300 | Maple AVE #171 | $829,000 | $444.03 | 3/3,0,0,0 | 1867/A | 1988/ASR | 1/26/2021 |
TWNHS/A | 2801 | Sepulveda BLVD #14 | $830,000 | $438.46 | 3/2,0,1,0 | 1893/A | 1991/ASR | 1/12/2021 |
SFR/D | 917 | Hickory AVE | $900,000 | $734.69 | 3/1,0,0,0 | 1225/A | 1951/ASR | 1/20/2021 |
SFR/A | 2815 | Sepulveda BLVD #22 | $950,000 | $403.57 | 3/3,0,0,0 | 2354/A | 2001/ASR | 1/8/2021 |
SFR/D | 2518 | Plaza Del Amo | $1,010,000 | $438.18 | 3/2,0,1,0 | 2305/A | 1999/ASR | 1/15/2021 |
Torrance Real Estate Market Update
Welcome to the 1st quarter real estate recap for the city of Torrance. Like all cities and towns, the coronavirus uncertainty has impacted real estate in Torrance CA as well. Having said that due to a varied economy and employment and years of a strong housing market, Torrance is more insulated than most other areas but there’s no doubt it’s playing a large role in the current market.
April saw the fewest number of pending home sales in the past few years with only 45 homes going into escrow. (see chart below) Compare that with 110 pending sales a year earlier and it’s pretty clear we’re entering a much slower market. Central Torrance and Plaza Del Amo was no exception with only 3 pending home sales in April compared with 13 pending sales in March and 10 in April 2019.
View the current homes for sale in Torrance The chart below shows the number of active listings (light green) sold homes (dark green) and pending home sales (red line) The greater the discrepancy between active homes and sold homes indicates a buyers market and when the numbers are closer a sellers market is indicated as inventory is down.
The chart below shows the average price per square foot. Square footage in the South Bay often doesn’t mean as much as in other markets as values can vary so dramatically due to things such as proximity to the beach, views, specific neighborhoods.
The chart below shows the average days on market per month as well as the % of list price that homes sold at. A high % indicates a sellers market as home sell at, or above list price.
The chart below shows the average price for listed home sales in relation to the average price for sold homes.
The chart below indicates the months of home inventory based on closed home sales. Buyer’s market: more than 6 months of inventory Seller’s market: less than 3 months of inventory Neutral market: 3 – 6 months of inventory