Torrance
Residential Real Estate
Market Conditions
May 2014
Table of
Contents
Key Statistics for May
Sales
2014 Residential Sales Stats
Year-to-Year Total Sales by Map Area
Median
20...
Key Statistics for May
Back to Table of Contents
= trending positive = trending positive
= trending negative = trending ne...
Back to Table of Contents
Total Sales Month-to-Month by Map Area Mar Apr May
Central Torrance 10 10 22
South East Torrance...
Back to Table of Contents
Total Sales Year-to-Year by Map Area 2012 2013 2014
Central Torrance 22 20 22
South East Torranc...
Back to Table of Contents
Median Sales Price Month-to-Month by Map Area Mar Apr May
Central Torrance 492,450 492,450 557,5...
Back to Table of Contents
Median Sales Price Year-to-Year by Map Area 2012 2013 2014
Central Torrance 497,500 620,500 557,...
Back to Table of Contents
Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Cent...
Back to Table of Contents
Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Cent...
Back to Table of Contents
Active Listings Year-to-Year by Map Area 2012 2013 2014
Central Torrance 52 24 32
South East Tor...
Back to Table of Contents
Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance...
Back to Table of Contents
Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012 3.7 5.4 3....
Outlook for June
Overall, the Torrance residential real estate market reported fairly positive stats for the month of May
...
Back to Table of Contents
 Serving South Bay Home Buyers and Sellers Since 1989
 RE/MAX Top 4 Team in California – 2012
...
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s ...
Upcoming SlideShare
Loading in …5
×

May 2014 Torrance Real Estate Market Trends Update

215 views
201 views

Published on

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

Published in: Real Estate, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
215
On SlideShare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

May 2014 Torrance Real Estate Market Trends Update

  1. 1. Torrance Residential Real Estate Market Conditions May 2014
  2. 2. Table of Contents Key Statistics for May 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 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 June About Hady Chahine Contact Information
  3. 3. Key Statistics for May Back to Table of Contents = trending positive = trending positive = trending negative = trending negative Month-to-Month Comparison Apr 2014 May 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 74 94 20 27.0% Median Sales Price 627,000 613,000 (14,000) -2.2% Median Days to Sell 25 31 6 24.0% Listings 166 200 34 20.5% Sales/Listing Ratio 44.6% 47.0% 2.4% 5.4% Months of Inventory 2.2 2.1 -0.1 -4.5% Monthly Comparison Year-to-Year May 2013 May 2014 Delta Delta Increase Decrease Total Sales 99 94 -5 -5.1% Median Sales Price 595,000 613,000 18,000 3.0% Median Days to Sell 21 31 10 47.6% Listings 179 200 21 11.7% Months of Inventory 1.8 2.1 0.3 16.7%
  4. 4. Back to Table of Contents Total Sales Month-to-Month by Map Area Mar Apr May Central Torrance 10 10 22 South East Torrance - West 6 3 2 Hollywood Riviera 6 10 7 South Torrance 7 9 7 Southwood 4 3 3 West Torrance 7 4 13 N Torrance - West 12 14 15 N Torrance - East 7 8 10 Old Torrance 7 8 8 South East Torrance - East 11 5 7 Total Sales 77 74 94 0 10 20 30 40 50 60 70 80 90 100 Mar Apr May 2014 Total Sales Month-to-Month 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
  5. 5. Back to Table of Contents Total Sales Year-to-Year by Map Area 2012 2013 2014 Central Torrance 22 20 22 South East Torrance - West 5 12 2 Hollywood Riviera 10 8 7 South Torrance 11 6 7 Southwood 8 5 3 West Torrance 9 7 13 N Torrance - West 17 12 15 N Torrance - East 4 2 10 Old Torrance 6 18 8 South East Torrance - East 5 9 7 Total Sales 97 99 94 0 10 20 30 40 50 60 70 80 90 100 2012 2013 2014 Total Sales Year-to-Year by Map Area: May 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
  6. 6. Back to Table of Contents Median Sales Price Month-to-Month by Map Area Mar Apr May Central Torrance 492,450 492,450 557,500 South East Torrance - West 771,500 590,000 622,500 Hollywood Riviera 1,099,663 1,143,000 918,375 South Torrance 775,000 730,000 785,000 Southwood 554,450 725,000 685,000 West Torrance 696,000 677,500 725,000 N Torrance - West 558,500 546,500 545,000 N Torrance - East 545,000 532,500 530,500 Old Torrance 438,000 540,000 521,250 South East Torrance - East 650,000 506,000 665,000 Market Median Sales Price 592,500 627,000 613,000 - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 Mar Apr May 2014 Median Sales Price Month-to-Month 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 Market Median Sales Price
  7. 7. Back to Table of Contents Median Sales Price Year-to-Year by Map Area 2012 2013 2014 Central Torrance 497,500 620,500 557,500 South East Torrance - West 315,000 470,000 622,500 Hollywood Riviera 974,500 955,000 918,375 South Torrance 593,500 900,000 785,000 Southwood 612,500 680,000 685,000 West Torrance 559,777 720,000 725,000 N Torrance - West 375,000 562,000 545,000 N Torrance - East 362,500 504,000 530,500 Old Torrance 408,500 474,500 521,250 South East Torrance - East 536,000 615,000 665,000 Market Median Sales Price 525,000 595,000 613,000 - 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 2012 2013 2014 Median Sales Price Year-to-Year by Map Area: May 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 Sales Price
  8. 8. Back to Table of Contents Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Central Torrance 17 18 25 26 32 South East Torrance - West 9 9 8 6 15 Hollywood Riviera 14 13 18 17 23 South Torrance 8 13 17 17 14 Southwood 4 4 4 7 12 West Torrance 10 10 11 15 16 N Torrance - West 20 19 23 26 18 N Torrance - East 7 8 10 6 7 Old Torrance 18 16 19 25 38 South East Torrance - East 12 13 15 21 25 Total Active Listings 119 123 150 166 200 - 5 10 15 20 25 30 35 40 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Active Listings 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
  9. 9. Back to Table of Contents Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Central Torrance 17 18 25 26 32 South East Torrance - West 9 9 8 6 15 Hollywood Riviera 14 13 18 17 23 South Torrance 8 13 17 17 14 Southwood 4 4 4 7 12 West Torrance 10 10 11 15 16 N Torrance - West 20 19 23 26 18 N Torrance - East 7 8 10 6 7 Old Torrance 18 16 19 25 38 South East Torrance - East 12 13 15 21 25 Total Active Listings 119 123 150 166 200 Total Sales 60 63 77 74 94 Sales/Listings Ratio 50.4% 51.2% 51.3% 44.6% 47.0% - 20 40 60 80 100 120 140 160 180 200 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Total Active Listings vs. Total Sales Total Active Listings Total Sales
  10. 10. Back to Table of Contents Active Listings Year-to-Year by Map Area 2012 2013 2014 Central Torrance 52 24 32 South East Torrance - West 21 10 15 Hollywood Riviera 25 30 23 South Torrance 23 15 14 Southwood 14 9 12 West Torrance 34 15 16 N Torrance - West 50 21 18 N Torrance - East 21 7 7 Old Torrance 35 29 38 South East Torrance - East 18 19 25 Total Active Listings 293 179 200 0 50 100 150 200 250 300 2012 2013 2014 Active Listings Year-to-Year by Map Area: May 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
  11. 11. Back to Table of Contents Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Central Torrance 2.1 2.6 2.5 2.6 1.5 South East Torrance - West 1.3 3.0 1.3 2.0 7.5 Hollywood Riviera 2.3 1.3 3.0 1.7 3.3 South Torrance 2.0 2.6 2.4 1.9 2.0 Southwood 1.0 1.3 1.0 2.3 4.0 West Torrance 1.1 2.0 1.6 3.8 1.2 N Torrance - West 1.8 1.7 1.9 1.9 1.2 N Torrance - East 7.0 4.0 1.4 0.8 0.7 Old Torrance 2.0 1.2 2.7 3.1 4.8 South East Torrance - East 12.0 3.3 1.4 4.2 3.6 - 2.0 4.0 6.0 8.0 10.0 12.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 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
  12. 12. Back to Table of Contents Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 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 - 1.0 2.0 3.0 4.0 5.0 6.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Months of Inventory Year-to-Year 2012 2013 2014
  13. 13. Outlook for June Overall, the Torrance residential real estate market reported fairly positive stats for the month of May with a 27% increase in total sales, a 20.5 % bump in listings, a 5.4% improvement in the sales/listing ratio, and 4.5% decrease in months of inventory. Even the year-to-year median sales price revealed a 3% increase or $18K in aggregate appreciation. “What should you expect in June?” you ask. Aside from unforeseen circumstances it is reasonable to conclude buyer and seller interest should increase given mortgage money is relatively inexpensive and summertime is known for a surge in real estate activity. Your recap… Back to Table of Contents Month-to-Month Comparison Apr 2014 May 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 74 94 20 27.0% Median Sales Price 627,000 613,000 (14,000) -2.2% Median Days to Sell 25 31 6 24.0% Listings 166 200 34 20.5% Sales/Listing Ratio 44.6% 47.0% 2.4% 5.4% Months of Inventory 2.2 2.1 -0.1 -4.5%
  14. 14. Back to Table of Contents  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
  15. 15. 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 Listings MLS BLOGWebsite

×