The prices in real estate in Torrance, in the California region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Torrance has increased strongly during the last 6 months. In April, the average price per sq.feet was $374. In May this price pretty much remained the same at a value of $376 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 131 %. The price per sq.feet has increased 109 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $433 to $472.5 during August, and September.
Based upon to the price in Torrance (cities), this has gone up in the last 6 months. The average price for April is $715,397. During May the price had a slight fall till $666,959. During the following two months (June, July) the average price had a considerable increase of 124 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $796,894 they are 43 % more affordable than the average price for Torrance. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 3 bedrooms priced at $763,564.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $440 / sq.feet, with an average $481 / sq.feet price in Torrance. The properties with the highest average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $516 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $796,894 it is 38 % cheaper than the average price in Torrance. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $646,460 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $425 / sq.feet followed by "Condo" priced at $461 / sq.feet. "Office" is the most costly type of property with a $3,728 / sq.feet cost followed by "House" with an average price of $493 / sq.feet.