Walteria Real Estate Market Update - 1st HALF of 2009

Here is the latest Walteria market report from www.WalteriaProperties.com

In the 1st half this year, 19 homes sold in Walteria, with the avg price of $665,205 compared with 25 homes sold a year ago and the avg price of $690,834.
Average DOM (days on the market) was 84 days compared with 62 days in the same period a year ago. Prices dropped on average 3.7% and sales dropped as well. Sales were much stronger in other parts of Torrance - see Torrance real estate market update.

Torrance-Walteria	Sold Listings	Average Sales Price	Average DOM
1st 6 MOS 2009	25	$665,205	84
1st 6 MOS 2008	19	$690,834	62

*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. Walteria sales picked up in May.

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Please call your local Walteria real estate expert - Krystyna Baty at 310-918-5027 or visit www.WalteriaProperties.com for all current Walteria real estate information.

Visit www.TorranceRealEstateOnline.com for latest Torrance real estate news, free MLS, free Torrance home evaluation and much more...