June 2008 home sales in Torrance Average home price in Torrance was $538,172 compared with $641,428 in 2007, a 16,1% price drop. Total of 92 homes sold in June '08 compared with 104 homes sold in June '07. Sales volume has picked up again on a month to month basis. Is it just a "summere spike" or real recovery? We won't know for quite a long time - after the fact, as it's always the case..If you're thinking about buying a home - now is the time to buy!
Average DOM (days on market) was 58 - homes stayed on the market 20 days longer on average this year.
Highest priced home sold at $1,250,000; lowest at $250,000.
There are more foreclosure sales in Torrance this year pushing prices down. IT'S A GREAT TIME TO BUY!!
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Torrance 90505 (South Torrance)
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