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.
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.