The Torrance average sales price decreased 13 percent in February 2009 compared to February 2008, bringing the average price to $477,944. The number of sales increased by 50 percent (it's not a typo). Meanwhile, the average market time increased from 57 days to 81 days in 2008.
| Torrance | Sold Listings |
Average Sales Price |
Average DOM |
| February 2009 | 51 | $477,944 | 81 |
| February 2008 | 34 | $548,118 | 57 |
*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.
Average home price in Torrance continued to slide till January and rose in February as follows: November 2008 - $790,493, December 2008 - $478,307, January 2009 - $451,563, February 2009 - $477,944
For current Torrance and Greater South Bay real estate news and FREE MLS visit http://www.ISellSouthBay.com
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