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Torrance Real Estate Market Update - August 2009

The Torrance average sales price decreased by 5.6 percent in August 2009 compared to August 2008, bringing the average price to $505,433. The number of sales increased to 114 closed sales.

Torrance

Sold
Listings

Average
Sales Price

Average
DOM

August 2009

114

$505,433

67

August 2008

 113

$533,890

64

*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. We then saw a slight reversal of the upward trend. Average price decreased slightly to $506,104 in June and $508,543 in July. It remained in that same range in August.

If you have any questions re. this report, or would like to receive a free market report for your house or area, please call me at (310)918-5027 or send me an email. I'll be glad to help!

Search Torrance Homes and Condos For Sale by Price Range:

All Listings Under $250,000 $250,000 - $400,000
$400,000 - $500,000 $500,000 - $600,000 $600,000 - $700,000
$700,000 - $800,000 $800,000 - $900,000 $900,000 - $1,000,000
Over $1,000,000

Torrance foreclosures

Posted Wednesday Sep 16