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.
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