Condo Foreclosures in Torrance, CA 90503

Buyer vs Seller Market in Torrance, CA

The real estate market in Torrance has been experiencing a steady increase in property values due to high demand and limited supply. The city’s excellent school district and family-friendly atmosphere attract many buyers, leading to a competitive market for single-family homes. Additionally, condos and townhouses are gaining popularity as they cater to a younger demographic and first-time buyers. Overall, the market remains robust with a mix of traditional sales and increasing rental opportunities.

Torrance's market also features a variety of price points, accommodating different budgets and buyer needs. With commercial development underway in some areas, there is an expectation for further growth in property values, potentially drawing investors and new residents.

Rent Prices In Torrance, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Torrance, CA, is on a rollercoaster ride. The average rent price in Torrance, CA, is $2,931.00. Indeed, when looking to rent in Torrance, CA, you can expect to pay as little as $1,250.00 or as much as $6,500.00, with the average rent median estimated to be $2,840.00. The good news is that finding an affordable and desirable property to rent in Torrance, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.