Welcome to the real estate report for Torrance for the first month of 2022. Let’s take a quick look at the Torrance real estate market and how the year started off. It was a very slow month in terms of homes that sold and closed escrow. There were only 75 on market home, townhome and condo closing escrow during the month. This was not unexpected as the number of homes that went pending in December was very low. It was not an indication that the market is slowing at all and actually was due to the record low inventory of homes for sale towards the end of 2021. The median sales price was $915,000 and homes averaged a very brief 20 days before going into pending status. See how this compares with other months on our Torrance real estate market trends and statistics area.
Torrance real estate – January at a Glance
View the homes that sold in January
townhomes and condos selling in this historic part of Torrance. The average list price for the year was$5751,000 with the average sold price being $769,000 meaning that in general homes sold well over what they were listed for. It was definitely a “seller’s market”. Homes averaged only 17 days on the market before going into escrow.
bedrooms and 2 baths with just under 1,400 square feet. The home was in fairly original condition but certainly well maintained. Sitting on a 6,600+ foot lot the home had some very nice outdoor areas. Listed at $825,000, 2720 Martha sold way over at a price of $905,000 after only a few days on the market.
were townhomes. The average list price of the homes that sold was $664,429 with the average sold price being just over $682,000. Homes averaged only 19 days on the market before going into escrow.