March 2014 Torrance Real Estate Market Trends Update

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

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March 2014 Torrance Real Estate Market Trends Update

  1. 1. Torrance Residential Real Estate Market Conditions March 2014
  2. 2. Table of Contents Key Statistics for March 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 April About the Mother & Son South Bay Real Estate Team Contact Information
  3. 3. Key Statistics for March Back to Table of Contents = trending positive = trending positive = trending negative = trending negative Month-to-Month Comparison Feb 2014 Mar 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 63 77 14 22.2% Median Sales Price 591,000 592,500 1,500 0.3% Median Days to Sell 29 30 1 3.4% Listings 123 150 27 22.0% Sales/Listing Ratio 51.2% 51.3% 0.1% 0.2% Months of Inventory 2.0 2.0 0.0 0.0% Monthly Comparison Year-to-Year Mar 2013 Mar 2014 Delta Delta Increase Decrease Total Sales 90 77 -13 -14.4% Median Sales Price 564,250 592,500 28,250 5.0% Median Days to Sell 38 30 -8 -21.1% Listings 138 150 12 8.7% Months of Inventory 1.5 2.0 0.5 33.3%
  4. 4. Back to Table of Contents 0 2 4 6 8 10 12 14 Jan Feb Mar 2014 Residential Sales Statistics: March 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 2014 Residential Sales by Map Area Jan Feb Mar Central Torrance 8 7 10 South East Torrance - West 7 3 6 Hollywood Riviera 6 10 6 South Torrance 4 5 7 Southwood 4 3 4 West Torrance 9 5 7 N Torrance - West 11 11 12 N Torrance - East 1 2 7 Old Torrance 9 13 7 South East Torrance - East 1 4 11 Total Sales 60 63 77
  5. 5. Back to Table of Contents 0 2 4 6 8 10 12 14 16 2012 2013 2014 Total Sales by Map Area: Year-to-Year for March 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 Sales by Map Area: Year-to-Year for March 2012 2013 2014 Central Torrance 15 14 10 South East Torrance - West 3 10 6 Hollywood Riviera 9 14 6 South Torrance 9 6 7 Southwood 3 5 4 West Torrance 5 10 7 N Torrance - West 11 11 12 N Torrance - East 8 8 7 Old Torrance 13 5 7 South East Torrance - East 0 7 11 Total Sales 76 90 77
  6. 6. Back to Table of Contents - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 Jan Feb Mar 2014 Median Sales Price Statistics: March 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 2014 Median Sales Price by Map Area Jan Feb Mar Central Torrance 608,500 508,000 492,450 South East Torrance - West 710,000 420,000 771,500 Hollywood Riviera 1,088,500 1,202,000 1,099,663 South Torrance 881,250 710,000 775,000 Southwood 657,500 517,000 554,450 West Torrance 815,000 742,408 696,000 N Torrance - West 532,000 490,000 558,500 N Torrance - East 370,000 455,550 545,000 Old Torrance 475,000 515,000 438,000 South East Torrance - East 533,000 697,000 650,000 Market Median Sales Price 608,500 591,000 592,500
  7. 7. Back to Table of Contents - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 2012 2013 2014 Median Sales Price by Map Area: Year-to-Year for March 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 Median Sales Price by Map Area: Year-to-Year for March 2012 2013 2014 Central Torrance 515,111 564,250 492,450 South East Torrance - West 580,000 305,000 771,500 Hollywood Riviera 850,000 967,500 1,099,663 South Torrance 565,000 742,500 775,000 Southwood 755,000 675,000 554,450 West Torrance 824,000 686,500 696,000 N Torrance - West 420,000 420,000 558,500 N Torrance - East 404,950 414,750 545,000 Old Torrance 435,000 459,000 438,000 South East Torrance - East - 560,000 650,000 Market Median Sales Price 510,056 564,250 592,500
  8. 8. Back to Table of Contents - 5 10 15 20 25 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 2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Central Torrance 17 18 25 South East Torrance - West 9 9 8 Hollywood Riviera 14 13 18 South Torrance 8 13 17 Southwood 4 4 4 West Torrance 10 10 11 N Torrance - West 20 19 23 N Torrance - East 7 8 10 Old Torrance 18 16 19 South East Torrance - East 12 13 15 Total Active Listings 119 123 150
  9. 9. Back to Table of Contents - 20 40 60 80 100 120 140 160 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Total Active Listings vs. Total Sales Total Active Listings Total Sales 2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Central Torrance 17 18 25 South East Torrance - West 9 9 8 Hollywood Riviera 14 13 18 South Torrance 8 13 17 Southwood 4 4 4 West Torrance 10 10 11 N Torrance - West 20 19 23 N Torrance - East 7 8 10 Old Torrance 18 16 19 South East Torrance - East 12 13 15 Total Active Listings 119 123 150 Total Sales 60 63 77 Sales/Listings Ratio 50.4% 51.2% 51.3%
  10. 10. Back to Table of Contents 0 5 10 15 20 25 30 35 40 45 2012 2013 2014 Active Listings by Map Area: Year-to-Year for March 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 Active Listings by Map Area: Year-to-Year for March 2012 2013 2014 Central Torrance 44 31 25 South East Torrance - West 24 5 8 Hollywood Riviera 17 17 18 South Torrance 26 15 17 Southwood 10 7 4 West Torrance 17 9 11 N Torrance - West 41 13 23 N Torrance - East 17 5 10 Old Torrance 35 23 19 South East Torrance - East 13 13 15 Total Active Listings 244 138 150
  11. 11. Back to Table of Contents - 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 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 2.5 South East Torrance - West 1.3 3.0 1.3 Hollywood Riviera 2.3 1.3 3.0 South Torrance 2.0 2.6 2.4 Southwood 1.0 1.3 1.0 West Torrance 1.1 2.0 1.6 N Torrance - West 1.8 1.7 1.9 N Torrance - East 7.0 4.0 1.4 Old Torrance 2.0 1.2 2.7 South East Torrance - East 12.0 3.3 1.4
  12. 12. Back to Table of Contents - 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 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
  13. 13. Outlook for April The Torrance real estate market produced encouraging stats for March with almost every month-to- month measurement indicator trending positive. The only exception was the median days to sell, which slowed by a meager 3.4%. Overall, though, improvements were recorded for total sales, median sales price, quantity of active listings, and the sales/listing ratio. Even the year-over-year median sales price for March improved by more than $28K. Looking ahead the forecast for April is simply more of the same. However, the deadline for paying taxes might cause some distraction resulting in a short-term performance stall sometime around the middle of the month. But, since the economy continues to show signs of healthy recovery, and because the cost to borrow money remains relatively inexpensive, it is likely this positive trending pattern will be repeated during the month of April. Your recap… Back to Table of Contents Month-to-Month Comparison Feb 2014 Mar 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 63 77 14 22.2% Median Sales Price 591,000 592,500 1,500 0.3% Median Days to Sell 29 30 1 3.4% Listings 123 150 27 22.0% Sales/Listing Ratio 51.2% 51.3% 0.1% 0.2% 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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