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 $614. In the following month the price per sq.feet increased considerably to $972. The price for the following two months in (June, July) had a considerable increment of 129 %. The price per sq.feet has had a considerable deflation of 48 % 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 $908.25 to $440 during August, and September.
Based upon to the price in Torrance (cities), this has gone downing the last 6 months. The average price for April is $709,054. During May the price had a considerable reduction till $553,112. In the following two months the average price has remained the same with regard to the previous two months from $631,083 to $643,684.5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 $707,900 they are 51 % more affordable than the average price for Torrance. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at $673,921.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $373 / sq.feet, with an average $441 / sq.feet price in Torrance. The properties with the highest average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at $449 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $707,900 it is 37 % cheaper than the average price in Torrance. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $760,968 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $337 / sq.feet followed by "Condo" priced at $403 / sq.feet. "Office" is the most costly type of property with a $3,776 / sq.feet cost followed by "House" with an average price of $445 / sq.feet.