august 2014 torrance real estate market trends update

Torrance Residential Real Estate

Market Conditions August 2014

http://hhcrealestate.com/

Table of

Contents

Key Statistics for August

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 September

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Key Statistics for August

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Jul 2014 Aug 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 106 98 -8 -7.5%

Median Sales Price 617,000 661,000 44,000 7.1%

Median Days to Sell 36 38 2 5.6%

Listings 220 204 -16 -7.3%

Sales/Listing Ratio 48.2% 48.0% -0.2% -0.4%

Months of Inventory 2.1 2.1 0.0 0.0%

Monthly Comparison Year-to-Year Aug 2013 Aug 2014 Delta Delta Increase Decrease

Total Sales 99 98 -1 -1.0%



Listings 229 204 -25 -10.9%

Months of Inventory 2.2 2.1 -0.1 -4.5%



Total Sales Month-to-Month by Map Area Jun Jul Aug

Central Torrance 10 23 17

South East Torrance - West 5 2 10

Hollywood Riviera 9 14 18

South Torrance 6 11 5

Southwood 4 8 5

West Torrance 9 9 5

N Torrance - West 9 18 11

N Torrance - East 4 5 8

Old Torrance 10 8 12

South East Torrance - East 7 8 7

Total Sales 73 106 98

0

20

40

60

80

100

120

Jun Jul Aug

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



Total Sales Year-to-Year by Map Area 2012 2013 2014





Southwood 5 7 5

West Torrance 10 7 5





Total Sales 92 99 98

0

10

20

30

40

50

60

70

80

90

100

2012 2013 2014

Total Sales Year-to-Year by Map Area: August

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Total Sales



Median Sales Price Month-to-Month by Map Area Jun Jul Aug

Central Torrance 554,500 523,000 595,000

South East Torrance - West 735,000 362,500 738,750

Hollywood Riviera 900,000 1,167,500 1,019,000

South Torrance 989,500 790,000 742,000

Southwood 526,250 747,500 717,000

West Torrance 690,000 630,000 775,000

N Torrance - West 538,000 482,500 549,900

N Torrance - East 526,500 520,000 560,000

Old Torrance 563,500 574,500 546,500

South East Torrance - East 749,000 629,000 648,000

Market Median Sales Price 659,000 617,000 661,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Jun Jul Aug

2014 Median Sales Price Month-to-Month by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Market Median Sales Price



Median Sales Price Year-to-Year by Map Area 2012 2013 2014

Central Torrance 450,000 631,000 595,000

South East Torrance - West 440,000 321,250 738,750

Hollywood Riviera 799,750 892,000 1,019,000

South Torrance 747,000 740,000 742,000

Southwood 707,000 625,000 717,000

West Torrance 575,000 730,000 775,000

N Torrance - West 437,500 500,000 549,900

N Torrance - East 492,000 512,000 560,000

Old Torrance 400,000 455,000 546,500

South East Torrance - East 662,500 629,000 648,000

Market Median Sales Price 531,500 619,000 661,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

2012 2013 2014

Median Sales Price Year-to-Year by Map Area: August

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Market Median Sales Price



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 36 37 30

South East Torrance - West 9 9 8 6 15 17 20 13

Hollywood Riviera 14 13 18 17 23 23 31 24

South Torrance 8 13 17 17 14 18 18 17

Southwood 4 4 4 7 12 12 7 6

West Torrance 10 10 11 15 16 13 14 15

N Torrance - West 20 19 23 26 18 23 22 26

N Torrance - East 7 8 10 6 7 12 14 9

Old Torrance 18 16 19 25 38 39 41 42

South East Torrance - East 12 13 15 21 25 26 16 22

Total Active Listings 119 123 150 166 200 219 220 204

-

5

10

15

20

25

30

35

40

45

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2014 Active Listings by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance




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 36 37 30

South East Torrance - West 9 9 8 6 15 17 20 13

Hollywood Riviera 14 13 18 17 23 23 31 24

South Torrance 8 13 17 17 14 18 18 17

Southwood 4 4 4 7 12 12 7 6

West Torrance 10 10 11 15 16 13 14 15

N Torrance - West 20 19 23 26 18 23 22 26

N Torrance - East 7 8 10 6 7 12 14 9

Old Torrance 18 16 19 25 38 39 41 42

South East Torrance - East 12 13 15 21 25 26 16 22

Total Active Listings 119 123 150 166 200 219 220 204

Total Sales 60 63 77 74 94 73 106 98

Sales/Listings Ratio 50.4% 51.2% 51.3% 44.6% 47.0% 33.3% 48.2% 48.0%

-

50

100

150

200

250


2014 Total Active Listings vs. Total Sales

Total Active Listings Total Sales



Active Listings Year-to-Year by Map Area 2012 2013 2014





Southwood 12 10 6

West Torrance 29 27 15





Total Active Listings 255 229 204

0

50

100

150

200

250

300

2012 2013 2014

Active Listings Year-to-Year by Map Area: August

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Total Active Listings



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 3.6 1.6 1.8

South East Torrance - West 1.3 3.0 1.3 2.0 7.5 3.4 10.0 1.3

Hollywood Riviera 2.3 1.3 3.0 1.7 3.3 2.6 2.2 1.3

South Torrance 2.0 2.6 2.4 1.9 2.0 3.0 1.6 3.4

Southwood 1.0 1.3 1.0 2.3 4.0 3.0 0.9 1.2

West Torrance 1.1 2.0 1.6 3.8 1.2 1.4 1.6 3.0

N Torrance - West 1.8 1.7 1.9 1.9 1.2 2.6 1.2 2.4

N Torrance - East 7.0 4.0 1.4 0.8 0.7 3.0 2.8 1.1

Old Torrance 2.0 1.2 2.7 3.1 4.8 3.9 5.1 3.5

South East Torrance - East 12.0 3.3 1.4 4.2 3.6 3.7 2.0 3.1

-

2.0

4.0

6.0

8.0

10.0

12.0


2014 Months of Inventory by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance




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 3.0 2.1 2.1

-

1.0

2.0

3.0

4.0

5.0

6.0


Months of Inventory Year-to-Year

2012

2013

2014


Outlook for September

Despite single digit drops in total sales, active listings, and the sales/listing ratio the Torrance real

estate market for August posted a 7.1% increase in the median sales price along with a marginal

decline in the median days to sell. Also, year-over-year stats suggest buyer and seller behavior is

moving in the right direction as evidence of the bump in the median sales price of $42K.

Though, as we move into the fall season it is less clear what is to become of the gains realized this

summer and in the first part of 2014. Regardless, as money remains relatively cheap now is the time

for buyers to lock in a historically low rate and begin the shopping process. And sellers, don’t wait too

long to get your property listed for sale because buyer demand is trending strong. For questions or

service please feel free to contact me anytime. I would love to discuss how I can be of service to you!

Your recap…


Month-to-Month Comparison Jul 2014 Aug 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 106 98 -8 -7.5%



Listings 220 204 -16 -7.3%

Sales/Listing Ratio 48.2% 48.0% -0.2% -0.4%

Months of Inventory 2.1 2.1 0.0 0.0%



Serving South Bay Home Buyers and Sellers Since 2001

RE/MAX Top 4 Team in California – 2012

RE/MAX 100% Club - 2011

Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010

About

Hady Chahine…


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.


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