Torrance Real Estate Market Update - October 2011

Home sales in Torrance have done better than other surrounding communities. The number of sales is was up and the average home selling prices in Torrance have been going up over last few months. The average prices have still been slightly lower than a year ago though.

The Torrance average home selling price was down by 5% in October 2011 when compared to same period a year ago, bringing the average Torrance home price to $526,543. Average selling price in Torrance was $499,705 in September. Number of sales was up from 63 to 68 homes sold last month.

The average single family home in Torrance sold for $566,182 down 7% on y-o-y basis but up when compared to a month ago when it was $535,703.

If you’re interested in home sales in your area, or specifically your home's value in this market, please contact me anytime at 310.918.5027 or via e-mail at info@isellsouthbay.com and I’ll provide you with a free report within 24 hrs.

You may also visit my www.ISellSouthBay.com for more information.