The final numbers for the Torrance real estate market in 2008 are in and although it was a tough year for home sellers there were some interesting market developments towards the end of the year that may indicate a brighter 2009 for sellers.

According to the South Bay Association of Realtor overall sales for the year were down 15% compared to 2007.   The month of December saw 68 sales (singe family homes, condos/townhouses, and residential income) down from a 2008 high of 109 sales in August.

Torrance Real Estate Sales for 2008

Although the Torrance real estate market has experienced some of the general pain that has effected the entire South Bay market single family homes sales in November actually increased in November compared to the previous year. This past month the South Bay Association of Realtor reported 53 single family home sales with another 35 pending compared to 48 sales with another 39 pending in November 2007.

Torrance Single Family Homes Sales November 2008

This Thursday from 12-2pm we’ll be holding a brokers open for our new listing in Torrance, 5312 Doris Way. Built in 2007 and this Seaside Rancho

5312 Doris Way, Torrance, CA 90505

4 bedroom home has gorgeous views of the city.  The home features two fireplaces as well as a teared private backyard. This is just hitting the MLS so this is the first opportunity to take a look.