By Keith Kyle
August was yet another big month for home prices in Torrance and the South Bay with average home prices continuing to rise and the busy summer season continuing at a fairly torrid pace. Home sales were down from July due to the continuing lack of homes for sale. Click any city and month below to see the full list of homes sold. Contact us for more information on any of the homes.
August 2014 saw a total of 117 homes sold, down from 142 in July. Of the 117 homes sold, 82 were single family homes, 16 were townhomes, and 17 were condos. In addition there were 9 income properties (duplex, triplex, etc.) sold as well as. Of the 117 4 were short sales or foreclosures showing that the foreclosure market continues to dwindle and is a non factor in the current housing market. The median home price was $600,000 up from $540,000 the prior month.