Welcome to the latest update on the state of the real estate market in and around the gated communities of Plaza Del Amo in Torrance. View all of the homes that sold in the area in March or view the overall state of real estate in Torrance CA. The information below is intended to help you get a better understanding of what is happening in the market.
The chart below shows the number of active listings (light green) sold homes (dark green) and pending home sales (red line) in the Central Torrance and Plaza Del Amo areas. 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