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Torrance Short Sales Continue to Dwindle

October 18, 2016 by Keith Kyle

**Please note that this article was originally written in 2016 and some of the information has changed.

As a short sale specialist I have tracked the short sale market for years and as Torrance is the largest city in the SouthForeclosure-sign Bay, it has been a very good indicator of how much of a factor short sales and bank owned homes have been on the local market.  Short sales first became a factor in mid 2007 with a high point in 2010.  In August of 2010 there were 159 active short sale homes for sale in Torrance.   Those numbers started to decline in April of 2011 and have continued downward to the current level which has seen an average of 4 homes for sale for the past few months.  What was a source of the “deals” sought by buyers is no longer putting downward pressure on the market and has basically ceased to be a factor. View short sale homes for sale on our distressed home site for Torrance and all of the South Bay

 

Filed Under: Buyers, Homes for Sale, Short Sales and Foreclosures, Torrance CA real estate market Tagged With: distressed home sales in torrance, torrance foreclosures, torrance reo, torrance short sales

Trackbacks

  1. Home Sales and Median Home Prices in Redondo Beach for August 2016 says:
    October 18, 2016 at 6:03 pm

    […] $1,225,000 for a single family home in the Southwood community of Torrance.  Of all the homes sold only one was a short sale or foreclosure showing just how much of a non factor short sales are becom….   View the current homes for sale in Torrance, CA or view a list of the homes sold in Redondo […]

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