Here’s a quick recap for real estate in Torrance CA during April-June of 2020. The number of home sales in Torrance dropped dramatically compared with 2019. Q2 of 2020 saw 225 closed home sales in Torrance in 2020 whereas there were 325 in the same months during 2019. This major slowdown was primarily the result of all the uncertainty surrounding the coronavirus and the economic shutdown. While that was the bad news, the rest of the metrics all looked great. The median selling prices was an impressive $822,000 and days on market was a very short 26. The average price per foot also jumped quite a bot to $524 from $498 a year earlier.
June Home Sales and House Prices in Old Torrance and Central Torrance
June was back to being a busy month for real estate in Old Torrance and the Plaza Del Amo areas. April and May were very slow due to the concerns and uncertainty of the corona virus situation, but June was back to full swing.
View the current homes for sale in Old Town Torrance
June 202o Home Sales in Old Torrance and Central Torrance
MLS # | Type | Addres | Price | $ Per Foot | Bed/Bath | Sq Feet | Year | |
SB20066435 | COOP/A | 3210 | Merrill DR #18 | $375,000 | $435.54 | 1/1,0,0,0 | 861/P | 1963/ASR |
SB20086294 | CONDO/A | 2605 | Sepulveda BLVD #309 | $450,000 | $371.29 | 2/1,1,0,0 | 1212/A | 2003/ASR |
OC20083622 | CONDO/A | 2367 | Jefferson ST #320 | $485,000 | $563.95 | 1/1,0,0,0 | 860/A | 2007/ASR |
SB20082785 | CONDO/A | 1745 | Maple AVE #47 | $575,000 | $522.73 | 2/2,0,0,0 | 1100/A | 1963/ASR |
SB20060529 | CONDO/A | 3520 | Maricopa ST #10 | $610,000 | $456.59 | 2/2,0,1,0 | 1336/A | 1975/ASR |
SB20081329 | TWNHS/A | 2971 | Plaza Del Amo #233 | $633,000 | $534.63 | 2/3,0,0,0 | 1184/A | 1985/ASR |
OC20086944 | CONDO/A | 2800 | Plaza Del Amo #1 | $665,000 | $522.39 | 2/2,0,1,0 | 1273/A | 1989/ASR |
SW20073641 | CONDO/A | 2551 | Plaza Del Amo #A | $675,000 | $416.67 | 2/3,0,0,0 | 1620/A | 1984/ASR |
PV20026907 | SFR/D | 1122 | Maple AVE | $745,000 | $679.12 | 3/1,0,0,0 | 1097/A | 1951/ASR |
SB20093308 | SFR/D | 1211 | Kornblum AVE | $800,000 | $655.74 | 2/1,1,0,0 | 1220/A | 1951/ASR |
PV20084322 | SFR/D | 20544 | Avis AVE | $990,000 | $535.14 | 3/2,0,0,0 | 1850/A | 1958/ASR |
SB20063736 | SFR/D | 2527 | Woodbury | $995,000 | $392.35 | 4/2,0,1,0 | 2536/A | 1991/ASR |
Old Torrance | ||||||||
MLS # | Type | Address | Price | $ Per Foot | Bed/Bath | Sq Feet | Year | |
SB20089913 | CONDO/A | 1281 | Cabrillo AVE #204 | $532,000 | $631.08 | 2/2,0,0,0 | 843/A | 1993/ASR |
SB20077834 | TWNHS/A | 1323 | Post AVE #E | $600,000 | $631.58 | 2/1,0,1,0 | 950/A | 2005/ASR |
SB20097444 | CONDO/A | 1281 | Cabrillo AVE #403 | $611,000 | $724.79 | 2/2,0,0,0 | 843/A | 1993/ASR |
SB20083210 | TWNHS/A | 911 | Cota AVE #2 | $620,000 | $534.94 | 2/1,1,1,0 | 1159/A | 1984/ASR |
SB20090186 | TWNHS/D | 1746 | Andreo AVE | $665,000 | $396.31 | 3/2,0,1,0 | 1678/A | 1990/ASR |
PV20060214 | TWNHS/A | 1918 | Cabrillo AVE #C | $675,000 | $523.26 | 2/2,0,1,0 | 1290/A | 2007/PUB |
SB20085491 | SFR/D | 2810 | Alberta ST | $750,000 | $582.75 | 3/2,0,0,0 | 1287/E | 1950/PUB |
SB20097168 | SFR/D | 819 | Cota AVE | $775,000 | $891.83 | 2/2,0,0,0 | 869/A | 1923/ASR |
SB20057304 | SFR/D | 1908 | Gramercy AVE | $871,000 | $520.31 | 3/2,0,0,0 | 1674/A | 1948/ASR |
PV20102669 | SFR/D | 1015 | Beech AVE | $872,000 | $469.83 | 3/3,0,0,0 | 1856/A | 1946/APP |
In general the Torrance real estate market has been very solid thus far for 2020 and doesn’t seem to show any signs of slowing down.
Torrance Real Estate Update – May 2020 Home Sales and House Prices
The real estate market numbers are in for May and they paint a very interesting picture. The number of home sales during the month was way down with only 49 total on market closed escrows. Compare that with 123 home sales in May of 2019 and it’s hard to dispute that the concerns and uncertainties of the coronavirus hasn’t had a major impact. That being said the prices were very impressive indicating a very strong seller’s market. One very interesting number was pending home sales. The pending home sales in Torrance jumped from 45 to 100 between April in May indicating a quick return to the normal hot market in Torrance.
The median list price was $789,900 while the median sold price was $810,000 meaning that most homes sold well higher than the list or asking price. Average price per foot of the homes that sold was $527.
View the current Torrance homes for sale
May 2020 Home Sales and House Prices for Torrance
MLS#
|
Type
|
Address |
Price
|
$ Per Foot
|
Bed/Bath
|
Sq Feet
|
Year
|
Sold Date
|
|
PW20061930
|
TWNHS/A
|
1520 W | 227th ST #6 |
$497,500
|
$371.27
|
3/2,0,1,0
|
1340/A
|
2007/PUB
|
5/1/2020
|
SB20042729
|
SFR/D
|
1565 W | 220th ST |
$685,000
|
$526.92
|
3/2,0,0,0
|
1300/P
|
1944/PUB
|
5/12/2020
|
CV20030647
|
SFR/D
|
1410 | Torrance BLVD |
$690,000
|
$403.51
|
3/2,0,0,0
|
1710/A
|
1956/ASR
|
5/4/2020
|
SW20013553
|
SFR/D
|
21315 S | Normandie AVE |
$906,990
|
$476.36
|
4/3,0,0,0
|
1904/B
|
2019/BLD
|
5/18/2020
|
SB20052637
|
CONDO/A
|
838 | Coriander DR #D |
$290,000
|
$453.83
|
1/1,0,0,0
|
639/P
|
1973/PUB
|
5/29/2020
|
SB19277187
|
CONDO/A
|
23312 | Marigold AVE #T204 |
$410,000
|
$384.62
|
3/2,0,0,0
|
1066/A
|
1973/ASR
|
5/1/2020
|
SB20050583
|
SFR/D
|
20811 | Doble AVE |
$630,000
|
$484.62
|
3/2,0,0,0
|
1300/A
|
1960/ASR
|
5/1/2020
|
SB20072389
|
SFR/D
|
21312 | Payne Ave |
$635,000
|
$490.35
|
3/2,0,0,0
|
1295/A
|
1960/ASR
|
5/27/2020
|
20561844
|
TWNHS
|
3090 | Newton ST |
$810,000
|
$437.37
|
2/2,0,1,0
|
1852/
|
2003
|
5/15/2020
|
PV20039796
|
TWNHS/A
|
3922 W | 242nd ST |
$861,000
|
$570.58
|
3/2,0,0,1
|
1509/B
|
2020/BLD
|
5/22/2020
|
PV20016706
|
TWNHS/A
|
3918 W | 242nd ST |
$935,000
|
$598.21
|
3/3,0,0,0
|
1563/B
|
2020/SLR
|
5/7/2020
|
SB19234953
|
TWNHS/A
|
3534 | Emerald ST |
$475,000
|
$599.75
|
2/1,0,0,0
|
792/A
|
1985/ASR
|
5/15/2020
|
SB20047379
|
COOP/A
|
3115 | Merrill DR #44 |
$485,000
|
$309.51
|
3/1,1,0,0
|
1567/E
|
1963/PUB
|
5/13/2020
|
SB20023026
|
CONDO/A
|
1745 | Maple AVE #45 |
$576,000
|
$338.82
|
3/2,0,0,0
|
1700/T
|
1963/ASR
|
5/5/2020
|
SB20056313
|
TWNHS/A
|
2595 | Plaza Del Amo #420 |
$743,000
|
$519.94
|
2/2,0,1,0
|
1429/A
|
1987/ASR
|
5/4/2020
|
SB20033195
|
TWNHS/A
|
3468 | Del Amo BLVD |
$757,300
|
$453.47
|
4/2,0,1,0
|
1670/A
|
1974/ASR
|
5/6/2020
|
SB20057470
|
SFR/D
|
1316 | Cordary AVE |
$854,000
|
$540.51
|
3/1,1,0,0
|
1580/A
|
1951/PUB
|
5/29/2020
|
SB20018489
|
SFR/D
|
4902 | Pacific Coast |
$989,000
|
$658.89
|
3/0,2,0,0
|
1501/A
|
1953/ASR
|
5/6/2020
|
SB20067312
|
SFR/D
|
4817 | Zakon RD |
$900,000
|
$777.20
|
3/1,0,1,0
|
1158/A
|
1956/ASR
|
5/12/2020
|
SB20028943
|
SFR/D
|
5133 | Macafee RD |
$928,000
|
$705.70
|
3/1,1,0,0
|
1315/S
|
1949/ASR
|
5/20/2020
|
SB19274713
|
SFR/D
|
24005 | Los Codona AVE |
$935,000
|
$377.02
|
4/3,0,1,0
|
2480/A
|
2001/ASR
|
5/1/2020
|
SB20053113
|
SFR/D
|
23003 | Evalyn AVE |
$945,000
|
$624.59
|
3/2,0,0,0
|
1513/A
|
1954/ASR
|
5/6/2020
|
OC20068314
|
SFR/D
|
4146 W | 229th ST |
$950,000
|
$564.13
|
4/3,0,0,0
|
1684/E
|
1968/ASR
|
5/29/2020
|
PV20055168
|
SFR/D
|
4418 W | 233rd ST |
$1,140,000
|
$583.42
|
4/2,0,0,0
|
1954/A
|
1960/ASR
|
5/1/2020
|
SB20076678
|
SFR/D
|
23202 | Ladeene AVE |
$1,150,000
|
$608.47
|
4/2,0,0,0
|
1890/A
|
1960/ASR
|
5/27/2020
|
SB20078065
|
CONDO/A
|
5500 | Torrance BLVD #C231 |
$647,500
|
$506.25
|
3/2,0,0,0
|
1279/A
|
1990/ASR
|
5/29/2020
|
SB20068601
|
SFR/D
|
4302 | Lenore ST |
$850,000
|
$673.00
|
4/2,0,0,0
|
1263/A
|
1956/ASR
|
5/29/2020
|
IV20053830
|
SFR/D
|
21301 | Marjorie AVE |
$900,500
|
$496.96
|
3/1,2,0,0
|
1812/P
|
1956/PUB
|
5/13/2020
|
SB20058366
|
SFR/D
|
21601 | Redbeam AVE |
$915,000
|
$624.15
|
4/2,0,0,0
|
1466/A
|
1955/PUB
|
5/1/2020
|
SB20064702
|
SFR/D
|
4636 | Bulova ST |
$815,000
|
$732.91
|
3/1,0,0,0
|
1112/A
|
1954/ASR
|
5/5/2020
|
SB20057420
|
SFR/D
|
19517 | Beckworth AVE |
$830,000
|
$750.45
|
3/1,0,0,0
|
1106/A
|
1955/ASR
|
5/13/2020
|
SB20048503
|
TWNHS/D
|
4126 | Spencer ST |
$878,000
|
$485.62
|
3/2,0,1,0
|
1808/A
|
2004/ASR
|
5/18/2020
|
SB20089850
|
SFR/D
|
5129 | Towers ST |
$889,000
|
$694.53
|
3/1,0,0,0
|
1280/A
|
1954/ASR
|
5/29/2020
|
SB20056899
|
SFR/D
|
5618 | Sara DR |
$1,331,000
|
$577.44
|
4/2,1,1,0
|
2305/A
|
1959/ASR
|
5/12/2020
|
DW20075598
|
SFR/D
|
3424 W | 182nd ST |
$544,000
|
$451.45
|
3/2,0,0,0
|
1205/A
|
1956/ASR
|
5/29/2020
|
SB20066595
|
SFR/D
|
17002 | Glenburn AVE |
$700,000
|
$650.56
|
3/1,0,0,0
|
1076/A
|
1948/PUB
|
5/20/2020
|
SB20063842
|
SFR/D
|
4038 W | 176th ST |
$767,600
|
$510.71
|
3/0,2,0,0
|
1503/A
|
1952/ASR
|
5/8/2020
|
SB20073281
|
SFR/D
|
4315 W | 176th ST |
$830,000
|
$484.25
|
3/2,0,1,0
|
1714/A
|
1952/ASR
|
5/21/2020
|
MB20075692
|
SFR/D
|
21319 | Berendo AVE |
$530,000
|
$409.27
|
3/2,0,0,0
|
1295/A
|
1959/ASR
|
5/15/2020
|
SB20061751
|
SFR/D
|
16107 | Van Ness AVE |
$665,000
|
$449.93
|
4/1,1,0,0
|
1478/A
|
1956/ASR
|
5/14/2020
|
PW20068122
|
SFR/D
|
1948 W | 187th PL |
$693,000
|
$550.00
|
3/1,1,0,0
|
1260/A
|
1958/ASR
|
5/19/2020
|
SB20037460
|
SFR/D
|
17315 | Atkinson AVE |
$717,000
|
$616.51
|
3/2,0,0,0
|
1163/A
|
1947/ASR
|
5/7/2020
|
SB20063236
|
SFR/D
|
18312 | Wilton PL |
$875,000
|
$538.79
|
3/2,0,0,0
|
1624/A
|
1962/ASR
|
5/22/2020
|
SB20048696
|
SFR/D
|
2139 | Del Amo BLVD |
$775,000
|
$394.20
|
5/3,0,0,0
|
1966/A
|
1996/ASR
|
5/19/2020
|
SB20072657
|
CONDO/A
|
22734 | Cypress ST |
$615,000
|
$447.60
|
3/3,0,0,0
|
1374/A
|
1974/ASR
|
5/29/2020
|
SB20074635
|
SFR/D
|
1719 W | 239th ST |
$747,000
|
$576.39
|
3/2,0,0,0
|
1296/A
|
1956/ASR
|
5/27/2020
|
SR20074960
|
SFR/D
|
23811 | Huber AVE |
$780,000
|
$601.85
|
3/2,0,0,0
|
1296/A
|
1956/ASR
|
5/27/2020
|
PV20077152
|
SFR/D
|
2359 W | 230th ST |
$879,000
|
$407.13
|
4/2,0,0,0
|
2159/T
|
1971/ASR
|
5/28/2020
|
PW20042087
|
SFR/D
|
2217 W | 234th ST |
$1,155,000
|
$340.71
|
4/3,0,0,0
|
3390/A
|
1991/ASR
|
5/8/2020
|
Is the Torrance Real Estate Market Bouncing Back?
Torrance real estate is always pretty solid as there’s just so much demand for homes in the area. As the most diverse city in the area with the biggest variety of homes and price range, it also is a bit insulated from factors that might impact one specific type home or price point. Having said that the number of homes that have sold in May and April were dramatically down from the previous year. May saw a 60% drop in the number of homes that sold from a year earlier. May also had a very positive trend however with the number of pending home sales (homes in escrow) going from 45 in April to 100 in May which should indicate a big rebound in June and July closed sales.
View the current houses for sale in Torrance.
Featured Home – 1746 Andreo
We thought that this was a really clean and bright home and definitely worth a look. Listed at $690,000 this is a 3 bedroom, 3 bath detached townhome with almost 1,700 square feet.
Contact Torrance real estate specialist for more information or to set up a private showing.
1746 Andreao Avenue – Old Torrance
All information provided is deemed reliable, but is not guaranteed and should be independently verified.
*Square footage approximate based on information from the CRMLS and is not guaranteed.
What’s Happening in the Torrance Real Estate Market?
Just like all cities and towns, the coronavirus uncertainty has impacted real estate in Torrance CA as well. We’re probably far more insulated than some other areas but there’s no doubt it’s playing a large role in the current market. April saw the fewest number of pending home sales in the past few years with only 45 homes going into escrow. Compare that with 11 pending sales a year earlier and it’s pretty clear we’re entering a much slower market. The real estate market in Old Torrance was equally impacted with only 1 home entering escrow during April compared with 4 the previous April and 5 just a month earlier.
View the current homes for sale in Torrance
The chart below shows the number of active listings (light green) sold homes (dark green) and pending home sales (red line) 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
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