Happy St. Patrick's Day! The latest market trends, local events, and real estate insights for Torrance and the surrounding South Bay — straight from Frank.
* Data reflects Torrance & South Bay market conditions — March 2026
The neighborhood garage sale is coming April 25th! Start organizing and planning now so you have plenty of time to prepare. Many people use it as a fundraiser — for school, sports teams, vacation, or just to declutter. Whatever your reason, it's a great community tradition. Sign up early and let us know how we can help.
What's Happening in the South Bay Market Right Now
As I write this, they are talking about interest rates going up again because of inflation! Home prices and rents are still increasing year over year, just at a slower rate. It makes more sense to pay your own mortgage and not the landlord's mortgage! The market is moving along, although still low on inventory relative to pre-COVID numbers. Real estate in California has historically held its value.
The historical average interest rate over time has been 6% and it's currently just over 6% — so it's right in line, but prices are higher of course. Call me to discuss your real estate plans even if you are a few months out so together we can create the best plan for your circumstances. For sellers on the fence, I have great options to make your move easier!
For buyers: you will gain more equity by buying now vs. waiting for any money you may think you'll save by having a lower interest rate. When rates drop even slightly below 6%, buyers flood the market fast — pushing prices higher. If you're considering buying, let's talk now before that happens. The real estate market is doing great, regardless of what you hear in the media.
"You will gain more equity by buying now vs. waiting. When rates get below 6%, buyers will be buying fast — and prices will go up."