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January 2014 Torrance Real Estate Market Trends Update

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Torrance real estate statistics and analysis for January 2014. Includes homes sales, listings and historical performance on a month to month and year over year basis.

Torrance real estate statistics and analysis for January 2014. Includes homes sales, listings and historical performance on a month to month and year over year basis.

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  • 1. Torrance Residential Real Estate Market Conditions January 2014
  • 2. Key Statistics for January Sales 2014 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2014 Median Sales Stats Year-to-Year Median Sales by Map Area Table of Contents Listings 2014 Active Listings by Map Area 2014 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2014 Months of Inventory by Map Area Year-to-Year Months of Inventory Outlook for February About the Mother & Son South Bay Real Estate Team Contact Information
  • 3. Key Statistics for January Monthly Comparison Year-to-Year Total Sales Median Sales Price Median Days to Sell Listings Months of Inventory Jan 2013 56 570,000 50 147 2.6 Jan 2014 60 608,500 45 119 2 Delta 4 38,500 -5 -28 -0.6 Delta 7.1% 6.8% -10.0% -19.0% -23.1% Increase Decrease = trending positive = trending negative Back to Table of Contents = trending positive = trending negative
  • 4. 2014 Residential Sales by Map Area Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance - East Total Sales Jan 8 7 6 4 4 9 11 1 9 1 60 2014 Residential Sales Statistics: January 12 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance - East 10 8 6 4 2 0 Jan Back to Table of Contents
  • 5. Sales by Map Area: Year-to-Year for January Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance - East Total Sales 2012 10 6 9 7 2 2 13 5 6 7 67 2013 10 7 6 5 3 10 5 1 4 5 56 2014 8 7 6 4 4 9 11 1 9 1 60 Total Sales by Map Area: Year-to-Year for January 14 12 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance - East 10 8 6 4 2 0 2012 Back to Table of Contents 2013 2014
  • 6. 2014 Median Sale Price by Map Area Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Jan 608,500 710,000 1,088,500 881,250 657,500 815,000 532,000 370,000 Old Torrance 475,000 South East Torrance - East 533,000 Market Median Sale Price 608,500 2014 Median Sale Price Statistics: January 1,200,000 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance - East 1,000,000 800,000 600,000 400,000 200,000 Jan Back to Table of Contents
  • 7. Median Sale Price by Map Area: Year-to-Year for January 2012 Central Torrance 397,500 South East Torrance - West 528,500 Hollywood Riviera 1,015,000 South Torrance 540,000 Southwood 629,000 West Torrance 625,000 N Torrance - West 450,000 N Torrance - East 415,500 Old Torrance 327,500 South East Torrance - East 570,000 Market Median Sale Price 480,000 2013 560,000 450,000 882,000 565,000 629,000 633,700 475,000 570,000 455,000 570,000 570,000 2014 608,500 710,000 1,088,500 881,250 657,500 815,000 532,000 370,000 475,000 533,000 608,500 Median Sale Price by Map Area: Year-to-Year for January 1,200,000 1,000,000 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance - East Market Median Sale Price 800,000 600,000 400,000 200,000 2012 Back to Table of Contents 2013 2014
  • 8. 2014 Active Listings by Map Area 20 18 16 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance - East 14 12 10 8 6 4 2 Jan Feb Mar Apr 2014 Active Listings/Total Sales by Map Area Jan Feb Mar Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance - East Total Active Listings 17 9 14 8 4 10 20 7 18 12 119 Back to Table of Contents May Apr Jun May Jul Jun Aug Jul Sep Aug Oct Sep Nov Oct Dec Nov Dec
  • 9. 2014 Total Active Listings vs. Total Sales 120 100 80 60 Total Active Listings Total Sales 40 20 Jan 2014 Active Listings/Total Sales by Map Area Feb Jan 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% Back to Table of Contents Mar Feb Apr Mar May Apr Jun Jul May Jun Aug Jul Sep Aug Oct Sep Nov Dec Oct Nov Dec
  • 10. Active Listings by Map Area: Year-to-Year for January Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance - East Total Active Listings 2012 57 23 16 16 9 13 36 22 35 18 245 2013 25 14 18 10 6 16 14 6 24 14 147 2014 17 9 14 8 4 10 20 7 18 12 119 Active Listings by Map Area: Year-to-Year for January 60 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance - East 50 40 30 20 10 0 2012 Back to Table of Contents 2013 2014
  • 11. 2014 Months of Inventory by Map Area 12.0 10.0 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance - East 8.0 6.0 4.0 2.0 Jan 2014 Months of Inventory by Map Area Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance - East Back to Table of Contents Jan 2.1 1.3 2.3 2.0 1.0 1.1 1.8 7.0 2.0 12.0 Feb Feb Mar Mar Apr Apr May May Jun Jun Jul Aug Jul Sep Aug Oct Sep Nov Oct Dec Nov Dec
  • 12. Months of Inventory: Year-to-Year 6.0 5.0 4.0 3.0 2012 2013 2014 2.0 1.0 Jan Feb Months of Inventory: Year-to-Year 2012 2013 2014 Back to Table of Contents Mar Apr Jan 3.7 2.6 2.0 May Feb 5.4 2.7 Mar 3.2 1.5 Jun Apr 3.3 1.6 Jul May 3.0 1.8 Aug Jun 3.0 2.0 Sep Jul 2.7 1.9 Oct Aug 2.8 2.2 Sep 2.4 2.0 Nov Oct 2.1 2.3 Dec Nov 2.1 2.0 Dec 1.8 1.0
  • 13. Outlook for February Data analysis of Torrance real estate activity for January 2014 relative to the same time last year revealed a 7.1% improvement in total sales, a 6.8% increase in the median sales price, a 10% decrease in the median days to sell, and a 23.1% decline in the months of inventory. The only quasi-negative stat is reduction 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 to borrow money remains comparatively inexpensive. The only concern is how the tax season might detract from otherwise positive trending behavior. Your recap is… Monthly Comparison Year-to-Year Total Sales Median Sales Price Median Days to Sell Listings Months of Inventory Back to Table of Contents Jan 2013 56 570,000 50 147 2.6 Jan 2014 60 608,500 45 119 2 Delta 4 38,500 -5 -28 -0.6 Delta 7.1% 6.8% -10.0% -19.0% -23.1% Increase Decrease
  • 14. About the Mother & Son South Bay Real Estate Team…  Serving South Bay Home Buyers and Sellers Since 1989  RE/MAX Top 4 Team in California – 2012  RE/MAX 100% Club - 2011  Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010  Shorewood Realtors Top Producing Agent (Hassana 1989-2001)  ABR, RS, GRI, BPOR, SBAOR, CAR, NAR, IRES Back to Table of Contents
  • 15. Hassana Chahine  hassana@hhcrealestate.com  310-756-8949 Hady Chahine  hady@hhcrealestate.com  310-404-5361 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/ The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Back to Table of Contents

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