torrance real estate market conditions - january 2014

8/13/2019 Torrance Real Estate Market Conditions - January 2014

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TorranceResidential Real Estate

Market ConditionsJanuary 2014


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Table ofContents

Key Statistics for January

Sales2014 Residential Sales Stats Year-to-Year Total Sales by Map Area

Median2014 Median Sales StatsYear-to-Year Median Sales by Map Area

Listings2014 Active Listings by Map Area2014 Total Active Listings vs. Total SalesYear-to-Year Active Listings by Map Area

Inventory2014 Months of Inventory by Map AreaYear-to-Year Months of Inventory

Outlook for February

About the Mother & Son South Bay Real Estate Team Contact Information


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Key Statistics for January

Back to Table of Contents

= trending positive = trending positive

= trending nega tive = trending negative

Monthly Comparison Year-to-Year Jan 2013 Jan 2014 Delta Delta Increase DecreaseTotal Sales 56 60 4 7.1%Median Sales Price 570,000 608,500 38,500 6.8%Median Days to Sell 50 45 -5 -10.0%Listings 147 119 -28 -19.0%Months of Inventory 2.6 2 -0.6 -23.1%


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2014 Residential Sales by Map Area JanCentral Torrance 8South East Torrance - West 7Hollywood Riviera 6South Torrance 4Southwood 4

West Torrance 9N Torrance - West 11N Torrance - East 1Old Torrance 9South East Torrance - East 1

Total Sales 60

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2

4

6

8

10

12

Jan

2014 Residential Sales Statistics: January

Central TorranceSouth East Torrance - WestHollywood RivieraSouth Torrance

SouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - East


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Sales by Map Area: Year-to-Year for January 2012 2013 2014Central Torrance 10 10 8South East Torrance - West 6 7 7Hollywood Riviera 9 6 6South Torrance 7 5 4Southwood 2 3 4

West Torrance 2 10 9N Torrance - West 13 5 11N Torrance - East 5 1 1Old Torrance 6 4 9South East Torrance - East 7 5 1

Total Sales 67 56 60

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4

6

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2012 2013 2014

Total Sales by Map Area: Year-to-Year for January

Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - East


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2014 Median Sale Price by Map Area JanCentral Torrance 608,500 South East Torrance - West 710,000 Hollywood Riviera 1,088,500 South Torrance 881,250 Southwood 657,500 West Torrance 815,000 N Torrance - West 532,000 N Torrance - East 370,000

Old Torrance 475,000

South East Torrance - East 533,000

Market Median Sale Price 608,500

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

Jan

2014 Median Sale Price Statistics: January

Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwood

West TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - East


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Median Sale Price by Map Area: Year- to-Year for January 2012 2013 2014Central Torrance 397,500 560,000 608,500 South East Torrance - West 528,500 450,000 710,000 Hollywood Riviera 1,015,000 882,000 1,088,500 South Torrance 540,000 565,000 881,250 Southwood 629,000 629,000 657,500

West Torrance 625,000 633,700 815,000 N Torrance - West 450,000 475,000 532,000 N Torrance - East 415,500 570,000 370,000 Old Torrance 327,500 455,000 475,000 South East Torrance - East 570,000 570,000 533,000

Market Median Sale Price 480,000 570,000 608,500

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

2012 2013 2014

Median Sale Price by Map Area: Year-to-Year for January

Central TorranceSouth East Torrance - WestHollywood RivieraSouth Torrance

SouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - East Market Median Sale Price



2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Central Torrance 17 South East Torrance - West 9

Hollywood Riviera 14 South Torrance 8 Southwood 4 West Torrance 10 N Torrance - West 20 N Torrance - East 7 Old Torrance 18 South East Torrance - East 12

Total Active Listings 119

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6

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20

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2014 Active Listings by Map Area

Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - East

Old TorranceSouth East Torrance - East



2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Central Torrance 17 South East Torrance - West 9 Hollywood Riviera 14 South Torrance 8

Southwood 4 West Torrance 10 N Torrance - West 20 N Torrance - East 7 Old Torrance 18 South East Torrance - East 12

Total Active Listings 119 Total Sales 60

Sales/Listings Ratio 50.4%

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20

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60

80

100

120


2014 Total Active Listings vs. Total Sales

Total Active Listings Total Sales



Active Listings by Map Area: Year-to-Year for January 2012 2013 2014Central Torrance 57 25 17South East Torrance - West 23 14 9Hollywood Riviera 16 18 14South Torrance 16 10 8Southwood 9 6 4

West Torrance 13 16 10N Torrance - West 36 14 20N Torrance - East 22 6 7Old Torrance 35 24 18South East Torrance - East 18 14 12

Total Active Listings 245 147 119

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30

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50

60

2012 2013 2014

Active Listings by Map Area: Year-to-Year for January

Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwood

West TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - East



2014 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecCentral Torrance 2.1 South East Torrance - West 1.3 Hollywood Riviera 2.3 South Torrance 2.0 Southwood 1.0 West Torrance 1.1 N Torrance - West 1.8 N Torrance - East 7.0 Old Torrance 2.0 South East Torrance - East 12.0

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6.0

8.0

10.0

12.0


2014 Months of Inventory by Map Area

Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - East



Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2012 3.7 5.4 3.2 3.3 3.0 3.0 2.7 2.8 2.4 2.1 2.1 1.8 2013 2.6 2.7 1.5 1.6 1.8 2.0 1.9 2.2 2.0 2.3 2.0 1.0 2014 2.0

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1.0

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Months of Inventory: Year-to-Year

201220132014


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Outlook for FebruaryData analysis of Torrance real estate activity for January 2014 relative to the same time last year revealeda 7.1% improvement in total sales, a 6.8% increase in the median sales price, a 10% decrease in themedian days to sell, and a 23.1% decline in the months of inventory. The only quasi-negative stat isreduction in the number of available listings, which dropped 19% year-over-year.

Looking ahead it is highly probable the month of February will produce similar stats given the cost toborrow money remains comparatively inexpensive. The only concern is how the tax season might detractfrom otherwise positive trending behavior.

Your recap is


Monthly Comparison Year-to-Year Jan 2013 Jan 2014 Delta Delta Increase DecreaseTotal Sales 56 60 4 7.1%Median Sales Price 570,000 608,500 38,500 6.8%Median Days to Sell 50 45 -5 -10.0%Listings 147 119 -28 -19.0%Months of Inventory 2.6 2 -0.6 -23.1%


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About the Mother & SonSouth Bay Real Estate Team

Serving South Bay Home Buyers and Sellers Since 1989

RE/MAX Top 4 Team in California 2012RE/MAX 100% Club - 2011Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010Shorewood Realtors Top Producing Agent (Hassana 1989-2001)

ABR, RS, GRI, BPOR, SBAOR, CAR, NAR, IRES



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Website: http://HHCRealEstate.com Listings: http://HHCRealEstate.com/featured-south-bay-homes MLS: http://HHCRealEstate.com/south-bay-mls-real-estate-listings Blog: http://HHCRealEstate.com/real-estate-news/

Hady [email protected]

Hassana [email protected]

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torrance real estate market conditions - january 2014

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