Torrance real estate today may be characterized by low inventory, stabilized prices combined with higher demand from buyers who want to take advantage of low interest rates and lower home prices. Combination of those factors has pushed median home prices up in Torrance and the South Bay. Sensiblly priced homes attract multiple offers just days after they’re put on the market. It’s not a buyer’s market anymore, as some would still like to believe. Properties that had to be taken off the market a year ago unsold, now sell, often above the asking price.
At the same time, many Torrance homeowners who would sell, cannot. Low or no equity, keep sellers out of the market. Others, seeing the market shift, wait for home prices to go up further before they decide to sell. Home sales would undoubtedly be even higher if we had more homes to sell.
Below are charts showing Torrance median home price trends, median price per sq ft as well as the inventory of home. Those charts are updated daily so come back anytime to see the current prices and inventory levels in Torrance real estate market:
Contact Krystyna Baty – your local real estate expert – at (310)918-5027 for a Free home evaluation or visit www.SouthBayHouseValues.com for your free and confidential home evaluation report.