Torrance is the "hottest" market in LA right now. So what do potential sellers need to know about the competition? We analyzed current listings to show you the lay of land--what it will take to succeed and where we expect to see key challenges.
Here are the key takeaways:
- There are 63 active listings in zips 90504, 90501, 90505 and 90503. This is the size of the active pool buyers will be considering if they want to move to Torrance. For sellers, this is your larger competitive pool.
- The average price is $795K, while median is $750K. When average is greater than the median, this means there are a handful of really expensive homes pulling the average up. In reality, most homes are closer to $750K or much less.
- Almost 60% of active listings in Torrance are between $530K - $930K. This price range will have the most competition. Sellers in this range must be prepared to defend what makes their property different. See the distribution chart below.
- Similarly, 50% of active listings are between 1000 - 1700 sq feet. This range has the most competition and will demand greater differentiation.
- For the 1000 - 1700 sq. foot range, the average prices are between $600K - $735K. Homes expecting prices above the average will face pressure to reduce or defend value.
- 23 active listings are for homes built between 1948 and 1957, with an average price of $880K. There are 11 listings for homes built between 1998 - 2007 with an average price of $767K. We expect immense competition between these two groups.
**Please scroll through the charts below.
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