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Located in beautiful Southern California on the edge of the Pacific Ocean, Torrance is both rich in history and cultural diversity, living up to the dreams of its founder. Just inland from the Palos Verdes Peninsula, it’s just over 17 miles south of Downtown Los Angeles and 8 miles southeast from the Los Angeles International Airport (LAX). Zamperini Field Airport (Torrance Airport) provides private services.
Torrance is known for its cleanliness and the low crime rate. What an ideal setting to raise a family! And with Torrance Schools among the best in the country, it is easy to see why many people decide to invest in Torrance CA real estate. Enjoy surfing, volleyball or walking along the Torrance Beach, 24 beautiful parks, tennis clubs, golf course, ball parks, South Bay Botanical Garden, wildlife spotting at Madrona Marsh and other outdoors activities during many sun filled days!
Needless to say, this thriving Southern California city has real estate which is attractive to both, first time home buyers and investors.
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Looking for a deal? Check out our current foreclosure listings!
Call me at 310-918-5027 or e-mail using a form below for a private showing of ANY property or more information and I'll contact you today!
Torrance Real Estate Market Update
The Torrance average sales price decreased 10.1 percent in May 2009 compared to May 2008, bringing the average price to $514,395. The number of sales increased to 96 closed sales a 23% increase in volume! Meanwhile, the average market time decreased from 69 days a year ago to 68 days last month..
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Torrance
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Sold
Listings
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Average
Sales Price
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Average
DOM
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May 2009
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96
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$514,395
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68
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May 2008
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78
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$566,442
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69
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*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, March and May as follows:
November 2008 - $790,493, December 2008 - $478,307, January 2009 - $451,563, February 2009 - $477,944, March 2009 - $519,707, April '09 - $458,037, May '09 - $514,395.
If you want to learn more about South Bay and Los Angeles County real estate, please contact me at 310-918-5027
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