Torrance
Residential Real Estate
Market Conditions
February 2014
Table of
Contents
Key Statistics for February
Sales
2014 Residential Sales Stats
Year-to-Year Total Sales by Map Area
Medi...
Key Statistics for February
Back to Table of Contents
= trending positive = trending positive
= trending negative = trendi...
Back to Table of Contents
2014 Residential Sales by Map Area Jan Feb
Central Torrance 8 7
South East Torrance - West 7 3
H...
Back to Table of Contents
Sales by Map Area: Year-to-Year for February 2012 2013 2014
Central Torrance 6 9 7
South East To...
Back to Table of Contents
2014 Median Sales Price by Map Area Jan Feb
Central Torrance 608,500 508,000
South East Torrance...
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Median Sales Price by Map Area: Year-to-Year for February 2012 2013 2014
Central Torrance 597,50...
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2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Cen...
Back to Table of Contents
2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Cen...
Back to Table of Contents
Active Listings by Map Area: Year-to-Year for February 2012 2013 2014
Central Torrance 55 16 18
...
Back to Table of Contents
2014 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Tor...
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 March
Overall, real estate activity in Torrance for the month of February was encouraging. Stats trending
posi...
About the Mother & Son
South Bay Real Estate
Team…
 Serving South Bay Home Buyers and Sellers Since 1989
 RE/MAX Top 4 T...
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s ...
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February 2014 Torrance Real Estate Market Trends Update

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

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February 2014 Torrance Real Estate Market Trends Update

  1. 1. Torrance Residential Real Estate Market Conditions February 2014
  2. 2. Table of Contents Key Statistics for February 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 March About the Mother & Son South Bay Real Estate Team Contact Information
  3. 3. Key Statistics for February Back to Table of Contents = trending positive = trending positive = trending negative = trending negative Month-to-Month Comparison Jan 2014 Feb 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 60 63 3 5.0% Median Sales Price 608,500 591,000 (17,500) -2.9% Median Days to Sell 45 29 -16 -35.6% Listings 119 123 4 3.4% Sales/Listing Ratio 50.4% 51.2% 0.8% 1.6% Months of Inventory 2.0 2.0 0.0 0.0% Monthly Comparison Year-to-Year Feb 2013 Feb 2014 Delta Delta Increase Decrease Total Sales 51 63 12 23.5% Median Sales Price 575,000 591,000 16,000 2.8% Median Days to Sell 34 29 -5 -14.7% Listings 140 123 -17 -12.1% Months of Inventory 2.7 2.0 -0.7 -25.9%
  4. 4. Back to Table of Contents 2014 Residential Sales by Map Area Jan Feb Central Torrance 8 7 South East Torrance - West 7 3 Hollywood Riviera 6 10 South Torrance 4 5 Southwood 4 3 West Torrance 9 5 N Torrance - West 11 11 N Torrance - East 1 2 Old Torrance 9 13 South East Torrance - East 1 4 Total Sales 60 63 0 2 4 6 8 10 12 14 Jan Feb 2014 Residential Sales Statistics: February 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
  5. 5. Back to Table of Contents Sales by Map Area: Year-to-Year for February 2012 2013 2014 Central Torrance 6 9 7 South East Torrance - West 5 5 3 Hollywood Riviera 6 10 10 South Torrance 2 4 5 Southwood 6 2 3 West Torrance 3 6 5 N Torrance - West 8 8 11 N Torrance - East 1 2 2 Old Torrance 7 4 13 South East Torrance - East 6 1 4 Total Sales 50 51 63 0 2 4 6 8 10 12 14 2012 2013 2014 Total Sales by Map Area: Year-to-Year for February 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
  6. 6. Back to Table of Contents 2014 Median Sales Price by Map Area Jan Feb Central Torrance 608,500 508,000 South East Torrance - West 710,000 420,000 Hollywood Riviera 1,088,500 1,202,000 South Torrance 881,250 710,000 Southwood 657,500 517,000 West Torrance 815,000 742,408 N Torrance - West 532,000 490,000 N Torrance - East 370,000 455,550 Old Torrance 475,000 515,000 South East Torrance - East 533,000 697,000 Market Median Sales Price 608,500 591,000 - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 Jan Feb 2014 Median Sales Price Statistics: February 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
  7. 7. Back to Table of Contents Median Sales Price by Map Area: Year-to-Year for February 2012 2013 2014 Central Torrance 597,500 575,000 508,000 South East Torrance - West 320,000 314,000 420,000 Hollywood Riviera 739,000 977,500 1,202,000 South Torrance 572,500 617,500 710,000 Southwood 610,500 662,000 517,000 West Torrance 675,000 637,500 742,408 N Torrance - West 466,500 438,500 490,000 N Torrance - East 498,000 479,425 455,550 Old Torrance 470,000 445,000 515,000 South East Torrance - East 497,500 550,000 697,000 Market Median Sales Price 512,000 575,000 591,000 - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 2012 2013 2014 Median Sales Price by Map Area: Year-to-Year for February 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 2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Central Torrance 17 18 South East Torrance - West 9 9 Hollywood Riviera 14 13 South Torrance 8 13 Southwood 4 4 West Torrance 10 10 N Torrance - West 20 19 N Torrance - East 7 8 Old Torrance 18 16 South East Torrance - East 12 13 Total Active Listings 119 123 - 2 4 6 8 10 12 14 16 18 20 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 2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Central Torrance 17 18 South East Torrance - West 9 9 Hollywood Riviera 14 13 South Torrance 8 13 Southwood 4 4 West Torrance 10 10 N Torrance - West 20 19 N Torrance - East 7 8 Old Torrance 18 16 South East Torrance - East 12 13 Total Active Listings 119 123 Total Sales 60 63 Sales/Listings Ratio 50.4% 51.2% - 20 40 60 80 100 120 140 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 by Map Area: Year-to-Year for February 2012 2013 2014 Central Torrance 55 16 18 South East Torrance - West 26 11 9 Hollywood Riviera 24 18 13 South Torrance 19 13 13 Southwood 10 9 4 West Torrance 18 15 10 N Torrance - West 42 14 19 N Torrance - East 22 3 8 Old Torrance 34 25 16 South East Torrance - East 18 16 13 Total Active Listings 268 140 123 0 10 20 30 40 50 60 2012 2013 2014 Active Listings by Map Area: Year-to-Year for February 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
  11. 11. Back to Table of Contents 2014 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Central Torrance 2.1 2.6 South East Torrance - West 1.3 3.0 Hollywood Riviera 2.3 1.3 South Torrance 2.0 2.6 Southwood 1.0 1.3 West Torrance 1.1 2.0 N Torrance - West 1.8 1.7 N Torrance - East 7.0 4.0 Old Torrance 2.0 1.2 South East Torrance - East 12.0 3.3 - 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 - 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 March Overall, real estate activity in Torrance for the month of February was encouraging. Stats trending positive included total sales, median days to sell, listings, sales/listing ratio, and the months of inventory. Although the median sales price marched in the opposite direction the delta was, however, a marginal 2.9%. What can you expect in March? Given the aforementioned it is reasonable to assume similar if not slightly better results compared to February. Though, tax season is known to throw curve balls. Of course, if you are among those buyers expecting a hefty return you are well positioned to step up in size and quality of the type of home you envision yourself living in. Your recap… Back to Table of Contents Month-to-Month Comparison Jan 2014 Feb 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 60 63 3 5.0% Median Sales Price 608,500 591,000 (17,500) -2.9% Median Days to Sell 45 29 -16 -35.6% Listings 119 123 4 3.4% Sales/Listing Ratio 50.4% 51.2% 0.8% 1.6% Months of Inventory 2.0 2.0 0.0 0.0%
  14. 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. 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 Hady Chahine  hady@hhcrealestate.com  310-404-5361 Hassana Chahine  hassana@hhcrealestate.com  310-756-8949 Listings MLS BLOGWebsite

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