Torrance CA Real Estate Report -March 2022

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Real Estate Broker/Owner with Broker California Lic 01485187

Torrance CA Real Estate Report -March 2022

Torrance california real estate update

Torrance CA real estate market data reflects the continuing seller's market.  Low inventory (the inventory is even lower than a year ago) and home buyers trying to take advantage of low interest rates before the Fed hikes, create the imbalance between demand and availability resulting in multiple offers and rising prices.
 
As you'll see below, home prices in Torrance real estate increased by 11% and 13%,  average and median sold prices respectively , for single family homes (houses).
 
 
 
Torrance March 2022 March 2021 Difference
No. of Homes Sold 68 90 -32%
Median Sold Price $1,225,000 $1,080,500 +13%
Average Sold Price $1,201,228 $1,078,912 +11%
Data for single family homes only from CRMLS
Real estate is local - every neighborhood or community is different.  If you're considering selling your home, Contact us and we'll provide you with a free local market report and free home evaluation.
Call (310)918-5027 to set up a no-obligation consultation.
 
Click below for an instant value report for your South Bay property:
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Torrance CA Real Estate Report -March 2022
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If you are Buying, Selling or Relocating to the South Bay Los Angeles area and need help from the experienced, professional REALTOR®, I would be happy to assist you! Call (310)918-5027 or visit my South Bay real estate website for Free property searches and to sign up for free listing alerts, Redondo Beach, Torrance, Beach Cities real estate resources Free Home Evaluation and more!  Find me online:

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Comments (1)

Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Thanks for sharing your market update with us. Buyers & sellers in your area would benefit from your services. Have a great day!

Apr 25, 2022 12:08 PM