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The Torrance average sales price decreased by 1.2 percent in October 2009 compared to October 2008, bringing the average price to $513,136The number of sales went down significantly. This drastic drop in sales last month, after continuous increase over last few months, might be a result of a decrease in the number of foreclosure sales in Torrance. Please note the number of sales is still larger on the month to month basis.
|
Torrance |
Sold |
Average |
Average |
|
October 2009 |
120 |
$513,136 |
45 |
|
October 2008 |
243 |
$519,368 |
50 |
*All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.
Increased sales, on the month to month basis, 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 and continued to rise 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, August '09 - $505,433, September - $525,829.
If you're interested in seeing a similar market report for your specific area of Torrance, or any area in the South Bay, please call me at 310-918-5027 or email at info@ISellSouthBay.com and I'll be glad to provide this report via e-mail or in person
What price could you sell your home in the current market for? Please contact me anytime and I'll furnish a market report for your property at no cost to you!
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Foreclosure Services will release new flood of foreclosures in the current market, if you want a list of Foreclosures in the South Bay, Torrance, Lomita, Carson,Palos Verdes, Redondo Beach, Manhattan Beach or Long Beach just email me and I will be happy to set you up on my free listing service.
I have sold several Foreclosures this year and I will also send you the specifics on what is involved, What kind of Buyers the Banks are accepting first, and how to protect yourself and your investment when buying a foreclosure.

More foreclosure listings for you in The Torrance, Gardena, Carson, Lomita and Harbor City Areas:
South Torrance, Great Nieghborhood, Lovely 3 bedroom/1 bath in prime South Torrance School District. Great for first time buyer looking for location.
Asking Price is $589,900.00
Lomita- Spacious 4 bedroom/2 bath home in wonderful nieghborhood. Square feet: 1472 great floor plan for entertaining.
Asking Price is $369,425.00- Won't last long at this price
Call me at 310-946-2205 for further information or more property for sale in your area.
http://activerain.com/blogsview/1307528/weekly-foreclosure-updates-for-the-south-bay-los-angeles-
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Kathy and I sold two homes in La Terrazza this year. Both sold within a month and within 5% of the listing price. I saw today there is a new listing in La Terrazza. A short sale priced at $569,000! A considerably less amount then what our listings sold for.
For details please visit:
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Today there are only 5 single family homes for sale in Old Torrance.There is a total of 31 properties in escrow in Old Torrance this includes, condos and townhomes.
The lowest priced home in Old Torrance is currently listed for $460,00.
To search all the open houses and homes for sale in Old Torrance go to:http://rachelandkathy.listingbook.com/
To visit the Old Torrance real Estate website please visit:
http://oldtorrancerealestate.wordpress.com/
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