torrance real estate market conditions - october 2014
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8/10/2019 Torrance Real Estate Market Conditions - October 2014
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TorranceResidential Real Estate
Market ConditionsOctober 2014
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Table ofContents
Key Statistics for October
Sales2014 Residential Sales StatsYear-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 November
About Hady ChahineContact Information
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Key Statistics for October
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= trending positive = trending positive
= trending negati ve = trending negative
Month-to-Month Comparison Sep 2014 Oct 2014 Delta (qty) Delta (%) Increase DecreaseTotal Sales 75 91 16 21.3%Median Sales Price 616,000 628,000 12,000 1.9%Median Days to Sell 46 36 -10 -21.7%Listings 202 199 -3 -1.5%Sales/Listing Ratio 37.1% 45.7% 8.6% 23.2%Months of Inventory 2.7 2.2 -0.5 -18.5%
Monthly Comparison Year-to-Year Oct 2013 Oct 2014 Delta Delta Increase DecreaseTotal Sales 74 91 17 23.0%Median Sales Price 671,000 628,000 (43,000) -6.4%Median Days to Sell 44 36 -8 -18.2%Listings 209 199 -10 -4.8%Months of Inventory 2.3 2.2 -0.1 -4.3%
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Total Sales Month-to-Month by Map Area Aug Sep OctCentral Torrance 17 17 18South East Torrance - West 10 3 5Hollywood Riviera 18 6 15South Torrance 5 7 8Southwood 5 5 5
West Torrance 5 6 5N Torrance - West 11 7 11N Torrance - East 8 3 8Old Torrance 12 14 9South East Torrance - East 7 7 7
Total Sales 98 75 91
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Aug Sep Oct
2014 Total Sales Month-to-Month by Map Area
Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwood
West TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - EastTotal Sales
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Total Sales Year-to-Year by Map Area 2012 2013 2014Central Torrance 16 15 18South East Torrance - West 10 7 5Hollywood Riviera 11 8 15South Torrance 4 8 8Southwood 9 3 5
West Torrance 6 10 5N Torrance - West 10 4 11N Torrance - East 11 4 8Old Torrance 12 7 9South East Torrance - East 7 8 7
Total Sales 96 74 91
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2012 2013 2014
Total Sales Year-to-Year by Map Area: October
Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - EastTotal Sales
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Median Sales Price Month-to-Month by Map Area Aug Sep OctCentral Torrance 595,000 525,000 519,000 South East Torrance - West 738,750 379,000 780,000 Hollywood Riviera 1,019,000 1,120,500 999,000 South Torrance 742,000 825,000 748,750 Southwood 717,000 750,000 725,000
West Torrance 775,000 791,000 705,100 N Torrance - West 549,900 544,000 590,000 N Torrance - East 560,000 550,000 569,500
Old Torrance 546,500 565,000 510,000
South East Torrance - East 648,000 569,000 695,000
Mark et Median Sales Price 661,000 616,000 628,000
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Aug Sep Oct
2014 Median Sales Price Month-to-Month by Map Area
Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - EastMarket Median Sales Price
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Median Sales Price Year-to-Year by Map Area 2012 2013 2014Central Torrance 474,000 575,000 519,000 South East Torrance - West 566,500 865,000 780,000 Hollywood Riviera 770,000 923,000 999,000 South Torrance 644,000 625,000 748,750 Southwood 650,000 729,000 725,000
West Torrance 617,500 785,000 705,100 N Torrance - West 380,850 461,813 590,000 N Torrance - East 445,000 530,000 569,500 Old Torrance 357,500 458,000 510,000 South East Torrance - East 625,000 695,000 695,000
Market Median Sales Price 534,000 671,000 628,000
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2012 2013 2014
Median Sales Price Year-to-Year by Map Area: October
Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - East Market Median Sales Price
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Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecCentral Torrance 17 18 25 26 32 36 37 30 29 26 South East Torrance - West 9 9 8 6 15 17 20 13 18 21
Hollywood Riviera 14 13 18 17 23 23 31 24 23 22 South Torrance 8 13 17 17 14 18 18 17 15 14 Southwood 4 4 4 7 12 12 7 6 3 7 West Torrance 10 10 11 15 16 13 14 15 14 13 N Torrance - West 20 19 23 26 18 23 22 26 34 27 N Torrance - East 7 8 10 6 7 12 14 9 14 15 Old Torrance 18 16 19 25 38 39 41 42 36 37 South East Torrance - East 12 13 15 21 25 26 16 22 16 17
Total Active Listings 119 123 150 166 200 219 220 204 202 199
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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 - West
N Torrance - EastOld TorranceSouth East Torrance - East
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Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecCentral Torrance 17 18 25 26 32 36 37 30 29 26 South East Torrance - West 9 9 8 6 15 17 20 13 18 21 Hollywood Riviera 14 13 18 17 23 23 31 24 23 22 South Torrance 8 13 17 17 14 18 18 17 15 14
Southwood 4 4 4 7 12 12 7 6 3 7 West Torrance 10 10 11 15 16 13 14 15 14 13 N Torrance - West 20 19 23 26 18 23 22 26 34 27 N Torrance - East 7 8 10 6 7 12 14 9 14 15 Old Torrance 18 16 19 25 38 39 41 42 36 37 South East Torrance - East 12 13 15 21 25 26 16 22 16 17
Total Active Listings 119 123 150 166 200 219 220 204 202 199 Total Sales 60 63 77 74 94 73 106 98 75 91
Sales/Listings Ratio 50.4% 51.2% 51.3% 44.6% 47.0% 33.3% 48.2% 48.0% 37.1% 45.7%
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2014 Total Active Listings vs. Total Sales
Total Active Listings Total Sales
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Active Listings Year-to-Year by Map Area 2012 2013 2014Central Torrance 38 31 26South East Torrance - West 15 8 21Hollywood Riviera 17 27 22South Torrance 22 13 14Southwood 4 13 7
West Torrance 26 23 13N Torrance - West 26 27 27N Torrance - East 11 13 15Old Torrance 25 34 37South East Torrance - East 16 20 17
Total Active Listings 200 209 199
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2012 2013 2014
Active Listings Year-to-Year by Map Area: October
Central TorranceSouth East Torrance - WestHollywood RivieraSouth Torrance
SouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - EastTotal Active Listings
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Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecCentral Torrance 2.1 2.6 2.5 2.6 1.5 3.6 1.6 1.8 1.7 1.4
South East Torrance - West 1.3 3.0 1.3 2.0 7.5 3.4 10.0 1.3 6.0 4.2 Hollywood Riviera 2.3 1.3 3.0 1.7 3.3 2.6 2.2 1.3 3.8 1.5 South Torrance 2.0 2.6 2.4 1.9 2.0 3.0 1.6 3.4 2.1 1.8 Southwood 1.0 1.3 1.0 2.3 4.0 3.0 0.9 1.2 0.6 1.4 West Torrance 1.1 2.0 1.6 3.8 1.2 1.4 1.6 3.0 2.3 2.6 N Torrance - West 1.8 1.7 1.9 1.9 1.2 2.6 1.2 2.4 4.9 2.5 N Torrance - East 7.0 4.0 1.4 0.8 0.7 3.0 2.8 1.1 4.7 1.9 Old Torrance 2.0 1.2 2.7 3.1 4.8 3.9 5.1 3.5 2.6 4.1 South East Torrance - East 12.0 3.3 1.4 4.2 3.6 3.7 2.0 3.1 2.3 2.4
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 Months of Inventory by Map Area
Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest Torrance
N Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - East
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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 2.0 2.0 2.2 2.1 3.0 2.1 2.1 2.7 2.2
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Months of Inventory Year-to-Year
201220132014
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Outlook for November
Real estate activity for the Torrance market during the month of October proved reassuring asimprovements were recorded for total sales, market median sales price, median days to sell,sales/listing ratio, and months of inventory. Similar conclusions were revealed when data wasanalyzed from a year-over-year perspective with total sales, median days to sell, and months ofinventory increasing by single and double digit figures.
What is my opinion of potential real estate activity for November? you ask. The simple answer is
more of the same. I say this because mortgage money remains inexpensive and readily available todemanding buyers who continue to exhibit a strong interest in securing residential property and, asexpected, there appears to be an abundance of sellers willing to accommodate. Put another way, theforces of supply and demand are moving in a positive direction with no short-term foreseeableobstacle to obstruct this trending behavior.
Your recap
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Month-to-Month Comparison Sep 2014 Oct 2014 Delta (qty) Delta (%) Increase DecreaseTotal Sales 75 91 16 21.3%Median Sales Price 616,000 628,000 12,000 1.9%Median Days to Sell 46 36 -10 -21.7%Listings 202 199 -3 -1.5%Sales/Listing Ratio 37.1% 45.7% 8.6% 23.2%Months of Inventory 2.7 2.2 -0.5 -18.5%
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Serving South Bay Home Buyers and Sellers Since 2001
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About
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