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.

*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. 

It's a great time to buy?  Interest rates are low and you may get a home buyer tax credti of $8000 if you buy by Arpil 2010!  Call at (310)918-5027 or e-mail me for details. 

Wondering what your home is worth in today's market?  Call me at (310)918-5027 for a FREE report!

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