Torrance Home Prices
Torrance homes prices recorded another increase in December. Home buyers took advantage of low interest rates, although they did inch up a bit in last few weeks. Low inventory of available homes for sale in Torrance CA continued to put pressure on prices. Below I provided the stats and graphs to illustrate the Torrance real estate market in detail. Today, there are 124 homes listed for sale in Torrance. The lowest home is listed at $189,000 and the highest at $2.5M. This shows the diversity of the Torrance real estate, from the ocean view Hollywood Riviera estates to entry level condos in East Torrance.
Torrance Real Estate Market Report Summary
99 homes sold in Torrance CA in December 2016 compared with 119 a year ago. Average sale price was $682,094 compared with $635,353 a year ago, which represents a 7% price increase. The lowest sold price was $163,000; the highest was $1.5M. Average DOM (days on market) was 29days compared with 56 days in December 2015.
Torrance Real Estate Statistics Today 1/11/17
|Highest Listing Price:||$2,488,000|
|Lowest Listing Price:||$189,000|
|All Listings||$100,000 - $200,000||$200,000 - $300,000|
|$300,000 - $400,000||$400,000 - $500,000||$500,000 - $600,000|
|$600,000 - $700,000||$700,000 - $800,000||$800,000 - $900,000|
|$900,000 - $1,000,000||Over $1,000,000|