Average Home Sizes and Asking Prices
Updated On: March 2, 2015
|Sold Price History in 90503|
Homes for Sale in Torrance
Torrance Real Estate & Homes for Sale in California
Torrance is a family-friendly city located in Southwest Los Angeles County at the base of the Palos Verdes Peninsula. The city encompasses some 21 square miles and is home to approximately 140,000 residents. Real estate options consist of single-family detached homes, estate properties, condos, townhouses and land lots. The city has developed from a predominantly industrial area to a major financial and retail hub with outstanding medical care facilities, excellent schools, fine dining, entertainment, cultural events and more.
Easy access to transportation including Los Angeles and Long Beach airports and harbors as well as Southern California freeways makes Torrance an excellent place for business. Industries that provide employment in Torrance include educational, health and social services, manufacturing, professional, scientific, management, administrative and waste management services and retail trade. Students in grades K-12 attend the schools of the Torrance Unified School District. The local El Camino College as well as a plethora of area colleges and universities offers degrees in higher learning.
The pleasant year-round climate provides cool ocean breezes during the summer and warmer temperatures in the winter. Residents enjoy tennis, golf, swimming and more than 350 acres of open space and parkland including the Madrona Marsh, a fresh-water habitat for a variety of native wildlife. Torrance Beach features lifeguards, bathhouses, a children's playground and excellent facilities for swimming, surfing and volleyball. Each summer, the Daily Breeze International Surf Festival and the Torrance Beach Cities Triathlon attract thousands of athletes and spectators.
| Torrance City Guide |
Torrance Real Estate Market: Price Range of Torrance Homes for Sale
The neighborhoods of Torrance are lined with lush landscaping, trees and flowers, all which are well maintained by the city. Prospective buyers will be pleased to find that Torrance offers a fine selection of single-family homes in gated and planned neighborhoods and subdivisions, retirement properties, townhouses, and condos. Prices for homes in Torrance start from $400,000. Larger homes can be purchased in the high $700,000s. Spectacular Torrance estate properties, newly built homes and custom built properties with swimming pools and scenic views are priced from $1.2 million to more than $1.7 million. Condominiums and townhouses in Torrance range from $200,000 to just under $800,000 for multi-story contemporary models.
Torrance Real Estate Stats and Trends for the week of March 2nd, 2015: homes priced around $1,154,500 compared to $1,015,590 the previous week, showing a increase of more than +12%. For Monday, March 2nd, the current national mortgage rate for a 30 year fixed mortgage is 3.94%; the 15 year fixed rate is at 3.02%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.29%, while the 15 year jumbo rate currently is at 4.04%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Torrance CA. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Torrance to help you find the best home!