It’s been an unusual year for real estate in Torrance and the neighborhood of Old Torrance. How could it not be with all that’s going on in the world. Pandemic, protests, and the economy are bound to play a role as confidence is such an integral part of when people buy or sell homes. The chart below shows the past 15 months of real estate in Old Torrance. The light green bar is the number of “active” listings each month with the red line being “pending” home sales and dark green being the number of homes that have sold in Torrance each month. June jumped up nicely from the ONE home sale in Old Torrance during May. There were 10 home sales in June and just as importantly 11 homes went into escrow meaning the July home sale number should be even better. To see other charts and statistics visit our Old Torrance real estate trends and statistics to see the number of sales, average price, days on market and more.
View all of the current homes for sale in Old Town Torrance.
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. 
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. 