September 2013 Torrance Real Estate Market Trends Update

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Torrance real estate statistics and analysis for September 2013. Includes homes sales, listings and historical performance on a month to month and year over year basis.

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September 2013 Torrance Real Estate Market Trends Update

  1. 1. Torrance Residential Real Estate Market Conditions September 2013
  2. 2. Key Statistics For September Sales 2013 Residential Sales Stats: July – Sept Graph 2013 Residential Sales Stats: July – Sept Data Year-to-Year Total Sales by Map Area: Sept Graph Year-to-Year Total Sales by Map Area: Sept Data Median 2013 Median Sales Stats: July – Sept Graph 2013 Median Sales Stats: July – Sept Data Year-to-Year Median Sales by Map Area: Sept Graph Year-to-Year Median Sales by Map Area: Sept Data Table of Contents Listings 2013 Active Listings by Map Area Graph 2013 Active Listings by Map Area Data 2013 Total Active Listings vs. Total Sales 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Year-to-Year Active Listings by Map Area: Graph Data Sept Graph Sept Data Inventory 2013 Months of Inventory by Map Area Graph 2013 Months of Inventory by Map Area Data Year-to-Year Months of Inventory Graph Year-to-Year Months of Inventory Data Outlook For October About The Mother & Son South Bay Real Estate Team Contact Information
  3. 3. Key Statistics for September  Total Home Sales: 89  Median Sales Price Up $55K  Median Days to Sell: 34  Current Active Listings: 180  Inventory Turnover: 2.0 Months  Sales/Listing Ratio: 49.4% Back to Table of Contents 20.3% from September 2012 10.4% from September 2012 19.1% from September 2012 16.7% from August 2013 16.2% from September 2012
  4. 4. 2013 Residential Sales Statistics: July - Sept 18 16 14 12 10 Sept 8 Aug 6 July 4 2 0 Central Torrance South East Hollywood Torrance Riviera West Back to Table of Contents South Torrance Southwood West Torrance N Torrance N Torrance - West - East Old South East Torrance Torrance * See next slide for supportive data
  5. 5. 2013 Residential Sales by Map Area Sept Aug July YTD 16 14 11 41 South East Torrance - West 6 2 7 15 Hollywood Riviera 9 10 17 36 South Torrance 7 17 14 38 Southwood 7 7 3 17 11 7 12 30 6 15 17 38 9 12 6 89 11 5 11 99 2 14 11 108 22 31 28 296 Central Torrance West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance Total Sales Back to Table of Contents
  6. 6. Total Sales by Map Area: Year-to-Year for September 16 14 12 10 8 2013 2012 6 2011 4 2 0 Central Torrance South East Hollywood Torrance Riviera West Back to Table of Contents South Southwood West N Torrance N Torrance Old South East Torrance Torrance - West - East Torrance Torrance * See next slide for supportive data
  7. 7. Sales by Map Area: Year-to-Year for September Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance Total Sales Back to Table of Contents 2013 16 6 9 7 7 11 6 9 12 6 89 2012 9 10 9 5 9 6 9 7 7 3 74 2011 9 10 9 5 9 6 9 7 7 3 74
  8. 8. 2013 Median Sales Statistics: July - Sept 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 Sept 200,000 Aug 100,000 July - Back to Table of Contents * See next slide for supportive data
  9. 9. 2013 Median Sales by Map Area Sept Aug July Central Torrance 574,000 631,000 505,000 South East Torrance - West 428,500 321,250 739,000 Hollywood Riviera 990,000 892,000 937,000 South Torrance 739,000 740,000 785,500 Southwood 675,000 625,000 729,000 West Torrance 660,000 730,000 702,500 N Torrance - West 460,000 500,000 508,000 N Torrance - East 498,000 512,000 630,500 Old Torrance 539,500 455,000 524,500 South East Torrance 545,000 629,000 645,000 585,000 619,000 667,500 Market Medians Back to Table of Contents
  10. 10. Median Sales Price by Map Area: Year-to-Year for September 1,200,000 1,000,000 800,000 600,000 400,000 2013 2012 200,000 2011 - Back to Table of Contents * See next slide for supportive data
  11. 11. Median Sales Price by Map Area: Year-to-Year for September Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance Total Market Sales Medians Back to Table of Contents 2013 574,000 428,500 990,000 739,000 675,000 660,000 460,000 498,000 539,500 545,000 585,000 2012 543,750 455,000 1,147,000 775,000 605,000 615,000 429,500 470,000 425,000 610,000 530,000 2011 589,900 479,500 760,000 749,000 570,000 642,525 403,000 427,000 345,000 640,000 529,950
  12. 12. 2013 Active Listings by Map Area 40 35 30 Jan Feb 25 Mar 20 Apr May 15 Jun Jul 10 Aug Sep 5 Central Torrance South East Torrance West Back to Table of Contents Hollywood Riviera South Torrance Southwood West Torrance N Torrance N Torrance - West - East Old Torrance South East Torrance * See next slide for supportive data
  13. 13. 2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Central Torrance 24 15 30 28 23 21 31 34 26 South East Torrance - West 14 11 5 8 10 11 12 15 15 Hollywood Riviera 18 18 17 21 29 27 22 30 18 South Torrance 10 13 15 16 15 17 20 18 12 Southwood 6 9 7 10 9 12 14 9 7 West Torrance 16 15 9 14 15 14 19 26 17 N Torrance - West 14 14 13 12 21 28 22 21 22 N Torrance - East 6 3 5 4 6 11 17 9 5 Old Torrance 24 25 23 26 29 22 29 34 39 South East Torrance 14 16 13 20 19 17 23 20 19 Total Active Listings 146 139 137 159 176 180 209 216 180 Total Sales 56 51 90 99 99 89 108 99 89 Sales/Listings Ratio 38.4% 36.7% 65.7% 62.3% 56.3% 49.4% 51.7% 45.8% 49.4% Back to Table of Contents Oct Nov Dec
  14. 14. 2013 Total Active Listings vs. Total Sales 250 200 150 Total Active Listings Total Sales 100 50 Jan Feb Back to Table of Contents Mar Apr May Jun Jul Aug Sep Oct Nov Dec * See next slide for supportive data
  15. 15. 2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Central Torrance 24 15 30 28 23 21 31 34 26 South East Torrance - West 14 11 5 8 10 11 12 15 15 Hollywood Riviera 18 18 17 21 29 27 22 30 18 South Torrance 10 13 15 16 15 17 20 18 12 Southwood 6 9 7 10 9 12 14 9 7 West Torrance 16 15 9 14 15 14 19 26 17 N Torrance - West 14 14 13 12 21 28 22 21 22 N Torrance - East 6 3 5 4 6 11 17 9 5 Old Torrance 24 25 23 26 29 22 29 34 39 South East Torrance 14 16 13 20 19 17 23 20 19 Total Active Listings 146 139 137 159 176 180 209 216 180 Total Sales 56 51 90 99 99 89 108 99 89 Sales/Listings Ratio 38.4% 36.7% 65.7% 62.3% 56.3% 49.4% 51.7% 45.8% 49.4% Back to Table of Contents Oct Nov Dec
  16. 16. Active Listings by Map Area: Year-to-Year for September 60 50 40 2013 30 2012 2011 20 10 0 Central Torrance South East Hollywood Torrance Riviera West Back to Table of Contents South Torrance Southwood West Torrance N Torrance N Torrance - West - East Old South East Torrance Torrance * See next slide for supportive data
  17. 17. Active Listings by Map Area: Year-to-Year for September Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance Total Active Listings Back to Table of Contents 2013 26 15 18 12 7 17 22 5 39 19 180 2012 26 15 18 12 7 17 22 5 39 19 180 2011 60 33 40 25 14 15 47 19 41 33 327
  18. 18. 2013 Months of Inventory by Map Area 16.0 14.0 Central Torrance 12.0 South East Torrance - West Hollywood Riviera 10.0 South Torrance Southwood 8.0 West Torrance 6.0 N Torrance - West N Torrance - East 4.0 Old Torrance South East Torrance 2.0 Jan Feb Back to Table of Contents Mar Apr May Jun Jul Aug Sep Oct Nov Dec * See next slide for supportive data
  19. 19. 2013 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 Back to Table of Contents Jan 2.4 2.0 3.0 2.0 2.0 1.6 2.8 6.0 6.0 2.8 Feb Mar Apr May 1.7 2.2 1.8 3.3 4.5 2.5 1.8 1.5 6.3 16.0 2.1 0.5 1.2 2.5 1.4 0.9 1.2 0.6 4.6 1.9 1.3 0.8 3.5 1.8 1.7 0.9 0.9 0.8 3.7 3.3 1.2 0.8 3.6 2.5 1.8 2.1 1.8 3.0 1.6 2.1 Jun 1.3 5.5 1.4 2.1 2.0 2.0 4.7 2.2 1.6 2.8 Jul 2.8 1.7 1.3 1.4 4.7 1.6 1.3 8.5 2.1 2.1 Aug Sep 2.4 7.5 3.0 1.1 1.3 3.7 1.4 0.8 6.8 1.8 1.6 2.5 2.0 1.7 1.0 1.6 3.7 0.6 3.3 3.2 Oct Nov Dec
  20. 20. Months of Inventory: Year-to-Year 7.0 6.0 5.0 4.0 2013 2012 3.0 2011 2.0 1.0 Jan Feb Back to Table of Contents Mar Apr May Jun Jul Aug Sep Oct Nov Dec * See next slide for supportive data
  21. 21. Months of Inventory: Year-to-Year 2013 2012 2011 Back to Table of Contents Jan 2.6 3.7 5.3 Feb Mar 2.7 1.5 5.4 3.2 6.1 4.5 Apr May 1.6 1.8 3.3 3.0 4.2 5.4 Jun 2.0 3.0 3.6 Jul Aug 1.9 2.2 2.7 2.8 5.9 4.8 Sep 2.0 2.4 4.4 Oct Nov Dec 2.1 4.4 2.1 3.5 1.8 3.5
  22. 22. Outlook for October Based on historical trends, it is expected that the supply of properties for sale in October will increase as buyer activity decreases. This normally occurs this time of year because people are focusing their attentions elsewhere, such as children returning to school and preparing for the holiday season. Since mortgage interest rates remain relatively low, however, it is anticipated that buyer activity will remain strong throughout October, and perhaps even thru the end of 2013. With this in mind – supply increasing and buyers aggressively shopping – Q4 of 2013 might prove very active! Thus, it is reasonable to conclude that sellers should negotiate strong purchase offers with reasonable terms. Buyers, on the other hand, should shop all available listings as supply is likely to increase in volume making possible many acceptable alternatives to choose from. Keep in mind…  Residential home sales increased 20+% from September 2012 to 2013  Median sales price increased $55K from September 2012 to 2013  Median days to sell decreased 19+% from September 2012 to 2013  Months of inventory is improving with declines seen throughout 2013 relative to 2012  Active listings in September 2013 totaled 180, which is down 16.7% from August  And, the sales/listing ratio remains stable at 49.4% Back to Table of Contents
  23. 23. 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
  24. 24. 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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