Torrance Real Estate Market Update - December '09
The Torrance average sales price went up by 5.6 percent in December 2009 compared to December 2008, bringing the average price to $507,359. The number of sale increased by 34 sales.
|
Torrance
|
Sold
Listings
|
Average
Sale Price
|
Average
DOM
|
|
December 2009
|
114
|
$507,359
|
70
|
|
December 2008
|
80 |
$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. 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, dropped to $507,359 in December 09.
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