The Torrance average sales price dropped by 3 percent in October 2009 compared to October 2008, bringing the average price to $513,136T. The number of sales went up by 20 percent.
|
Torrance |
Sold |
Average |
Average |
|
November 2009 |
108 |
$537,659 |
70 |
|
November 2008 |
90 |
$554,296 |
79 |
*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. Homebuyers have also been taking advantage of the federal tax credit of $8000 that was due to expire in November. homebuyer tax credit was however extended till April next year; it was also expanded to include current homeowners. So, you dont have to be a 1st time home buyer to take advantage of the tax credit.
Please call me at 310-918-5027 or via send me an email at kmbaty@aol.com and I'll be happy to provide you with more details regarding this very attractive tax incentive. But hurry because it will expire in a few months.
Good news for home owners - Average home price in Torrance has been steadily going up in the last few months:
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, October - $513,136, November - $537,659
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