While many struggle with the affordability of housing in California, a recent CAR study shows that most people would not consider moving to another state despite better affordability elsewhere. The survey showed that 63% of the respondents wouldn’t move out of California, 16% would consider it but haven’t given it much thought and only 21% have actively thought about moving to another state. Although affordability is different for everyone….take a look at the current homes for sale in the Plaza Del Amo communities of Torrance.
communities. The median list price of the sold homes was $672,450 with the median sales price at $658,250 indicating that it’s still somewhat of a seller’s market.
continued increase in prices and demand. 2018 saw 88 on market sales (list does not include income/multi unit properties) with an average list price of $684,000 and an average sales price of $682,000. Given that many home sellers listed for peak or record prices it’s a sign of a sellers market when homes sell for just under list prices. The lowest priced sale of the year was $315,000 for a one bedroom condo on Cabrillo. The highest priced home sale of the year was $1,000,000 for an extensively remodeled 2100 sq foot single family home located at 2405 Apple. 
