Your SlideShare is downloading. ×
0
November 2013 Torrace Real Estate Market Trends Update
November 2013 Torrace Real Estate Market Trends Update
November 2013 Torrace Real Estate Market Trends Update
November 2013 Torrace Real Estate Market Trends Update
November 2013 Torrace Real Estate Market Trends Update
November 2013 Torrace Real Estate Market Trends Update
November 2013 Torrace Real Estate Market Trends Update
November 2013 Torrace Real Estate Market Trends Update
November 2013 Torrace Real Estate Market Trends Update
November 2013 Torrace Real Estate Market Trends Update
November 2013 Torrace Real Estate Market Trends Update
November 2013 Torrace Real Estate Market Trends Update
November 2013 Torrace Real Estate Market Trends Update
November 2013 Torrace Real Estate Market Trends Update
November 2013 Torrace Real Estate Market Trends Update
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

November 2013 Torrace Real Estate Market Trends Update

111

Published on

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

Torrance real estate statistics and analysis for November 2013. 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
111
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Torrance Residential Real Estate Market Conditions November 2013
  • 2. Key Statistics for November Sales 2013 Residential Sales Stats: Sep - Nov Year-to-Year Total Sales by Map Area: Nov Median 2013 Median Sales Stats: Sep - Nov Year-to-Year Median Sales by Map Area: Nov Table of Contents Listings 2013 Active Listings by Map Area 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Nov Inventory 2013 Months of Inventory by Map Area Year-to-Year Months of Inventory Outlook for November About the Mother & Son South Bay Real Estate Team Contact Information
  • 3. Key Statistics for November Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover (months) Oct 2013 Monthly Comparison Year-to-Year Total Sales Median Sales Price Median Days to Sell Listings Inventory Turnover (months) Nov 2012 86 539,500 32 180 2.1 74 671,000 44 170 43.5% 2.3 Nov 2013 Delta (qty) 67 -7 562,500 (108,500) 44 0 135 -35 49.6% 6.1% 2 -0.3 Nov 2013 67 562,500 44 135 2 Delta -19 23,000 12 -45 -0.1 Delta (%) -9.5% -16.2% 0.0% -20.6% 14.0% -13.0% Increase Decrease Delta -22.1% 4.3% 37.5% -25.0% -4.8% Increase Decrease = trending positive = trending negative Back to Table of Contents = trending positive = trending negative
  • 4. 2013 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 Total Sales Sep 16 6 9 7 7 11 6 9 12 6 89 Oct 15 7 8 8 3 10 4 4 7 8 74 Nov 12 7 8 0 5 5 7 6 9 8 67 YTD 43 20 25 15 15 26 17 19 28 22 230 2013 Residential Sales Statistics: Sep - Nov 16 14 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance 12 10 8 6 4 2 0 Sep Back to Table of Contents Oct Nov
  • 5. Sales by Map Area: Year-to-Year for November 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 2011 13 4 6 7 5 8 14 5 7 8 77 2012 15 6 11 14 3 7 14 6 6 4 86 2013 12 7 8 0 5 5 7 6 9 8 67 Total Sales by Map Area: Year-to-Year for November 16 14 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance 12 10 8 6 4 2 0 2011 Back to Table of Contents 2012 2013
  • 6. 2013 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 Sep 574,000 428,500 990,000 739,000 675,000 660,000 460,000 498,000 Oct 575,000 865,000 923,000 625,000 729,000 785,000 461,813 530,000 Nov 550,250 367,500 925,000 760,000 721,000 540,000 502,500 Old Torrance 539,500 458,000 443,000 South East Torrance 545,000 695,000 665,000 585,000 671,000 562,500 Market Median Sale Price 2013 Median Sale Price Statistics: Sep - Nov 1,000,000 900,000 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 Sep Back to Table of Contents Oct Nov
  • 7. Median Sale Price by Map Area: Year-to-Year for November Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance Market Median Sale Price 2011 510,000 509,500 915,000 541,200 650,000 555,000 410,000 445,000 399,000 505,000 520,000 2012 530,000 300,500 879,000 694,500 685,000 649,000 427,000 453,500 414,500 436,500 539,500 2013 550,250 367,500 925,000 760,000 721,000 540,000 502,500 443,000 665,000 562,500 Median Sale Price by Map Area: Year-to-Year for November 1,000,000 900,000 800,000 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance Market Median Sale Price 700,000 600,000 500,000 400,000 300,000 200,000 100,000 2011 Back to Table of Contents 2012 2013
  • 8. 2013 Active Listings by Map Area 40 35 30 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance 25 20 15 10 5 Jan Feb 2013 Active Listings/Total Sales by Map Area Jan 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 24 14 18 10 6 16 14 6 24 14 146 Back to Table of Contents Mar Apr May Jun Jul Aug Feb Mar Apr May Jun Jul 15 11 18 13 9 15 14 3 25 16 139 30 5 17 15 7 9 13 5 23 13 137 28 8 21 16 10 14 12 4 26 20 159 23 10 29 15 9 15 21 6 29 19 176 21 11 27 17 12 14 28 11 22 17 180 31 12 22 20 14 19 22 17 29 23 209 Sep Oct Nov Dec Aug Sep Oct Nov 34 15 30 18 9 26 21 9 34 20 216 26 15 18 12 7 17 22 5 39 19 180 24 8 23 11 11 20 20 9 27 17 170 18 11 19 12 4 14 16 7 28 6 135 Dec
  • 9. 2013 Total Active Listings vs. Total Sales 250 200 150 Total Active Listings Total Sales 100 50 Jan Feb Mar Apr 2013 Active Listings/Total Sales by Map Area Jan Feb Mar May Apr Jun May Jul Jun Aug Jul Sep Aug Oct Sep Nov Oct Dec Nov Central Torrance 24 15 30 28 23 21 31 34 26 24 18 South East Torrance - West 14 11 5 8 10 11 12 15 15 8 11 Hollywood Riviera 18 18 17 21 29 27 22 30 18 23 19 South Torrance 10 13 15 16 15 17 20 18 12 11 12 Southwood 6 9 7 10 9 12 14 9 7 11 4 West Torrance 16 15 9 14 15 14 19 26 17 20 14 N Torrance - West 14 14 13 12 21 28 22 21 22 20 16 N Torrance - East 6 3 5 4 6 11 17 9 5 9 7 Old Torrance 24 25 23 26 29 22 29 34 39 27 28 South East Torrance 14 16 13 20 19 17 23 20 19 17 6 Total Active Listings 146 139 137 159 176 180 209 216 180 170 135 Total Sales 56 51 90 99 99 89 108 99 89 74 67 Sales/Listings Ratio 38.4% 36.7% 65.7% 62.3% 56.3% 49.4% 51.7% 45.8% 49.4% 43.5% 49.6% Back to Table of Contents Dec
  • 10. Active Listings by Map Area: Year-to-Year for November 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 2011 51 29 24 15 11 12 46 20 36 22 266 2012 33 13 15 17 6 23 21 12 21 19 180 2013 18 11 19 12 4 14 16 7 28 6 135 Active Listings by Map Area: Year-to-Year for November 60 50 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance 40 30 20 10 0 2011 Back to Table of Contents 2012 2013
  • 11. 2013 Months of Inventory by Map Area 16.0 14.0 12.0 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance 10.0 8.0 6.0 4.0 2.0 Jan 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 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 Jun 1.3 5.5 1.4 2.1 2.0 2.0 4.7 2.2 1.6 2.8 Jul Aug Jul 2.8 1.7 1.3 1.4 4.7 1.6 1.3 8.5 2.1 2.1 Sep Oct Nov Aug Sep Oct Nov 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 1.6 1.1 2.9 1.4 3.7 2.0 5.0 2.3 3.9 2.1 1.5 1.6 2.4 0.8 2.8 2.3 1.2 3.1 0.8 Dec Dec
  • 12. Months of Inventory: Year-to-Year 7.0 6.0 5.0 4.0 2011 2012 2013 3.0 2.0 1.0 Jan Feb Mar Months of Inventory: Year-to-Year 2011 2012 2013 Back to Table of Contents Apr May Jan 5.3 3.7 2.6 Jun Feb 6.1 5.4 2.7 Mar 4.5 3.2 1.5 Jul Apr 4.2 3.3 1.6 Aug May 5.4 3.0 1.8 Sep Jun 3.6 3.0 2.0 Jul 5.9 2.7 1.9 Oct Aug 4.8 2.8 2.2 Nov Sep 4.4 2.4 2.0 Oct 4.4 2.1 2.3 Dec Nov 3.5 2.1 2.0 Dec 3.5 1.8
  • 13. Outlook for November Residential real estate data for Torrance during November 2013 reveals market activity is trending downward relative to the month previous. Asides from improvements in the sales/listings ratio and months of inventory turnover, decreases in performance measurements for total sales, median sales price, median days to sell, and listing were recorded. However, despite this information there is no reason to be concerned as real estate market activity typically slows during the holiday season, historically speaking. On the bright side, the median sales price in 2013 versus 2012 climb 4.3% or $23K. The forecast for December is not unlike November in that overall market performance is expected to produce similar results. With this in mind, here are a couple of things to remember: 1) Buyers, mortgage interest rates remain at historically low levels but may be going up soon once the Fed begins QE tapering, and 2) Sellers, as the quantity of listings decline so does the competition. With this in mind, the recap is… Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover (months) Back to Table of Contents Oct 2013 74 671,000 44 170 43.5% 2.3 Nov 2013 Delta (qty) 67 -7 562,500 (108,500) 44 0 135 -35 49.6% 6.1% 2 -0.3 Delta (%) -9.5% -16.2% 0.0% -20.6% 14.0% -13.0% 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

×