torrance home prices: South Bay Market Report for Nov '23
- 12/14/23 11:39 AM
South Bay real estate market is a seller's market due to the very low inventory, relatively low demand, stagnant property sales, high interest rates reducing the homebuyer pool. While the sales numbers are down, the prices are steady or a bit higher when compared to a year ago. See our previous monthly reports to compare numbers on the month to month basis. Higher interest rates have impacted buyers but the low inventory dampens their impact on home prices. We prepared real estate market updates for selected major areas in South Bay CA and Beach Cities - Torrance and Redondo Beach in order … (2 comments)
torrance home prices: Torrance 2nd Qtr 2022 Market Report
- 08/02/22 03:56 PM
Torrance 2nd Qtr 2022 Market ReportTorrance real estate prices went up by over 20 percent in the 2nd quarter of 2022 compared with the same period a year ago. Sales have done down by 17% as the affordability has become an issue our area. Rising interest rates have also negatively impacted home sales. Below is the breakdown of the data for single family sales only, based on CRMLS. Contact Krystyna Ryan your local broker for your free home evaluation. Call (310)918-5027 or email krystynarealestate@gmail.com My team specializes in Torrance real estate. Visit us at: Torrance Real Estateto access all current Torrance listings, market reports, … (1 comments)
torrance home prices: Rising South Bay & Southern California Home Prices - Market report
- 09/25/13 06:53 AM
South Bay home prices continue to rise, although the pace has slowed down in the last few weeks. Here is a detailed home price report for our area as well as other Southern California regions, published by DQ News: Southern California home sales were the highest for an August in seven years as strong activity above $300,000 compensated for a dip in sales below that level, as well as fewer cash and investor purchases. The median sale price held steady compared with June and July but rose 24.6 percent from a year earlier, marking the eighth consecutive month with a year-over-year … (1 comments)
Below are stats for 2010 vs. 2009 real estate market in Torrance, CA. Those numbers (number of home sales broken by property type, type of sale) are indicative of other South Bay local real estate markets too - Redondo Beach and other beach cities. These numbers, which are based on our local MLS, show year 2010 very much resembling previous year. Both, average home sale price and the number of home sales were very similar in 2010 and 2009. South Bay real estate market has stabilized and some market sectors, for example foreclosure prices, have shown an upward trend. … (0 comments)
South Bay real estate market is a seller's market due to the very low inventory, relatively low demand, stagnant property sales, high interest rates reducing the homebuyer pool. While the sales numbers are down, the prices are steady or a bit higher when compared to a year ago. See our previous monthly reports to compare numbers on the month to month basis. Higher interest rates have impacted buyers but the low inventory dampens their impact on home prices.
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