Torrance Real Estate Market Update - July 2009

The Torrance average sales price decreased by 11.4 percent in July 2009 compared to July 2008, bringing the average price to $5508,543. The number of sales increased to 118 closed sales - 11.3 increase in volume!

*All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

Increased sales in Torrance reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Average home price in Torrance continued to slide till January and rose in February, March and May as follows:

December 2008 - $478,307, January 2009 - $451,563, February 2009 - $477,944, March 2009 - $519,707, April '09 - $458,037, May '09 - $514,395, June '09 - $506,104, July '09 - $508,543.

If you want to learn more about South Bay and Los Angeles County real estate, please contact me at 310-918-5027

Visit www.TorranceRealEstateOnline.com for all of your Torrance Real Estate needs!

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