We analyze several housing market indicators in order to present an in-depth breakdown of Torrance Real Estate Market comparing February 2009 to February 2010.
Summary of Key Points
Torrance Real Estate has started showing marginal signs of improvement.Median sales price increased by 2.53% ,number of units sold increased by 2.63% and sellers received 99% of asking price as compared to 96% last year.
Key Statistics, Torrance, CA: Median Sales Price (2.53%), Median Days on Market (41.54%), and Number of Units Sold (2.63%), Sales Price to List Price Ratio (Feb 09 96% – Feb 10 99%)
Torrance Real Estate
The city of Torrance experienced an 2.53% increase in median sales price from last year going up from $534,655 (Feb. 09) to $548,179 (Feb. 2010). Median days on market data for Torrance shows that houses are selling slower than Feb 09. It took 49 days in Feb 09 for a house to sell and for Feb 10 that number has gone up to 69 days (a 41.54% deterioration). Another important factor to consider is total number of units sold. In the month of Feb 09, 38 units were sold compared to 39 for Feb 10 (2.63% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Torrance. SP/LP ratio for Feb 09 was 96% compared to 99% for Feb 10.
Let’s take a brief look at neighbors Redondo Beach and Culver City. Redondo Beach Real Estate featured a 166.30% increase in median sales price ($270,755 Feb 09 – $721,029 Feb 10) and Culver City Real Estate saw a 9.33% decrease ($720,333 Feb 09 – $653,125 Feb 10). Are houses in Redondo Beach and Culver City selling faster or slower this year? Well, Redondo Beach experienced a 46.46% increase (46 to 67 days) in median days on market and Culver City saw a 171.47% increase (31 to 83 days). In the units sold category, Redondo Beach sold 12 units less (-41.38%) in Feb 2010 than 09 and Culver City sold 5 units more (166.67%) in Feb 2010 than Feb 09.
Consult latest research and find Homes in all major cities in California including Torrance Real Estate, Redondo Beach Hill Real Estate, Culver City Real Estate.
You can also access Torrance Real Estate for viewing the latest market inventory
- Homes for sale for MLS Search,
- Bank REO / Short Sale Search
- Foreclosure Search ( Outside MLS)
- Just Listed Properties
- Income Properties (1-4 units)
- Condo searches
- New Construction Homes
In addition you will find comprehensive Lending information on FHA, VA, USDA, and Conventional Loans. There are web pages for each major city in California with loan products specific to the city including City Down Payment assistance offered.
HomeSearchFinder.com provides a Proprietary Affordability Mortgage Calculator. It matches your profile against the programs our lenders offer and instantly communicates the PreQual Mortgage amount and the Purchase price you are eligible for.
Access the PreQual Affordability Mortgage Calculator now.
Recent Comments