december 2013 torrance real estate market trends update
DESCRIPTION
Torrance real estate statistics and analysis for December 2013. Includes homes sales, listings and historical performance on a month to month and year over year basis.TRANSCRIPT
Torrance Residential Real Estate
Market Conditions December 2013
Table of
Contents
Key Statistics for December
Sales 2013 Residential Sales Stats: Oct - Dec Year-to-Year Total Sales by Map Area: Dec Median 2013 Median Sales Stats: Oct - Dec Year-to-Year Median Sales by Map Area: Dec Listings 2013 Active Listings by Map Area 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Dec Inventory 2013 Months of Inventory by Map Area Year-to-Year Months of Inventory
Outlook for January
About the Mother & Son South Bay Real Estate Team Contact Information
Key Statistics for December
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= trending positive = trending positive
= trending negative = trending negative
Monthly Comparison Year-to-Year Dec 2012 Dec 2013 Delta Delta Increase Decrease
Total Sales 79 96 17 21.5%
Median Sales Price 535,000 621,000 86,000 16.1%
Median Days to Sell 32 40 8 25.0%
Listings 139 100 -39 -28.1%
Inventory Turnover (months) 1.8 1 -0.8 -44.4%
Month-to-Month Comparison Nov 2013 Dec 2013 Delta (qty) Delta (%) Increase Decrease
Total Sales 67 96 29 43.3%
Median Sales Price 562,500 621,000 58,500 10.4%
Median Days to Sell 44 40 -4 -9.1%
Listings 135 100 -35 -25.9%
Sales/Listing Ratio 49.6% 96.0% 46.4% 93.5%
Inventory Turnover (months) 2.0 1 -1.0 -50.0%
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8
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Oct Nov Dec
2013 Residential Sales Statistics: Oct - Dec
Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance
2013 Residential Sales by Map Area Oct Nov Dec YTD
Central Torrance 15 12 15 42
South East Torrance - West 7 7 10 24
Hollywood Riviera 8 8 15 31
South Torrance 8 0 7 15
Southwood 3 5 6 14
West Torrance 10 5 6 21
N Torrance - West 4 7 9 20
N Torrance - East 4 6 7 17
Old Torrance 7 9 14 30
South East Torrance 8 8 7 23
Total Sales 74 67 96 237
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6
8
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2011 2012 2013
Total Sales by Map Area: Year-to-Year for December
Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance
Sales by Map Area: Year-to-Year for December 2011 2012 2013
Central Torrance 10 12 15
South East Torrance - West 3 6 10
Hollywood Riviera 10 7 15
South Torrance 8 5 7
Southwood 6 2 6
West Torrance 5 8 6
N Torrance - West 9 15 9
N Torrance - East 4 7 7
Old Torrance 6 8 14
South East Torrance 3 9 7
Total Sales 64 79 96
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100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
Oct Nov Dec
2013 Median Sale Price Statistics: Oct - Dec
Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance
2013 Median Sale Price by Map Area Oct Nov Dec
Central Torrance 575,000 550,250 520,000
South East Torrance - West 865,000 367,500 487,375
Hollywood Riviera 923,000 925,000 919,000
South Torrance 625,000 - 809,000
Southwood 729,000 760,000 751,500
West Torrance 785,000 721,000 663,500
N Torrance - West 461,813 540,000 524,000
N Torrance - East 530,000 502,500 575,000
Old Torrance 458,000 443,000 507,500
South East Torrance 695,000 665,000 670,000
Market Median Sale Price 671,000 562,500 621,000
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100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
2011 2012 2013
Median Sale Price by Map Area: Year-to-Year for December
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
Median Sale Price by Map Area: Year-to-Year for December 2011 2012 2013
Central Torrance 439,750 602,500 520,000
South East Torrance - West 310,000 432,500 487,375
Hollywood Riviera 887,500 785,700 919,000
South Torrance 634,750 700,000 809,000
Southwood 624,500 611,500 751,500
West Torrance 712,000 605,000 663,500
N Torrance - West 420,000 435,000 524,000
N Torrance - East 454,000 405,000 575,000
Old Torrance 451,000 474,500 507,500
South East Torrance 462,500 595,000 670,000
Market Median Sale Price 528,500 535,000 621,000
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5
10
15
20
25
30
35
40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 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
2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance 24 15 30 28 23 21 31 34 26 24 18 10
South East Torrance - West 14 11 5 8 10 11 12 15 15 8 11 5
Hollywood Riviera 18 18 17 21 29 27 22 30 18 23 19 12
South Torrance 10 13 15 16 15 17 20 18 12 11 12 12
Southwood 6 9 7 10 9 12 14 9 7 11 4 5
West Torrance 16 15 9 14 15 14 19 26 17 20 14 8
N Torrance - West 14 14 13 12 21 28 22 21 22 20 16 13
N Torrance - East 6 3 5 4 6 11 17 9 5 9 7 4
Old Torrance 24 25 23 26 29 22 29 34 39 27 28 21
South East Torrance 14 16 13 20 19 17 23 20 19 17 6 10
Total Active Listings 146 139 137 159 176 180 209 216 180 170 135 100
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50
100
150
200
250
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance 24 15 30 28 23 21 31 34 26 24 18 10
South East Torrance - West 14 11 5 8 10 11 12 15 15 8 11 5
Hollywood Riviera 18 18 17 21 29 27 22 30 18 23 19 12
South Torrance 10 13 15 16 15 17 20 18 12 11 12 12
Southwood 6 9 7 10 9 12 14 9 7 11 4 5
West Torrance 16 15 9 14 15 14 19 26 17 20 14 8
N Torrance - West 14 14 13 12 21 28 22 21 22 20 16 13
N Torrance - East 6 3 5 4 6 11 17 9 5 9 7 4
Old Torrance 24 25 23 26 29 22 29 34 39 27 28 21
South East Torrance 14 16 13 20 19 17 23 20 19 17 6 10
Total Active Listings 146 139 137 159 176 180 209 216 180 170 135 100
Total Sales 56 51 90 99 99 89 108 99 89 74 67 96
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% 96.0%
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10
20
30
40
50
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2011 2012 2013
Active Listings by Map Area: Year-to-Year for December
Central TorranceSouth East Torrance - West
Hollywood RivieraSouth Torrance
SouthwoodWest Torrance
N Torrance - WestN Torrance - East
Old Torrance
South East Torrance
Active Listings by Map Area: Year-to-Year for December 2011 2012 2013
Central Torrance 53 23 10
South East Torrance - West 23 13 5
Hollywood Riviera 14 16 12
South Torrance 11 7 12
Southwood 9 3 5
West Torrance 7 20 8
N Torrance - West 40 14 13
N Torrance - East 20 5 4
Old Torrance 31 21 21
South East Torrance 16 17 10
Total Active Listings 224 139 100
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2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Months of Inventory by Map Area
Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance
2013 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance 2.4 1.7 2.1 1.3 1.2 1.3 2.8 2.4 1.6 1.6 1.5 0.7
South East Torrance - West 2.0 2.2 0.5 0.8 0.8 5.5 1.7 7.5 2.5 1.1 1.6 0.5
Hollywood Riviera 3.0 1.8 1.2 3.5 3.6 1.4 1.3 3.0 2.0 2.9 2.4 0.8
South Torrance 2.0 3.3 2.5 1.8 2.5 2.1 1.4 1.1 1.7 1.4 - 1.7
Southwood 2.0 4.5 1.4 1.7 1.8 2.0 4.7 1.3 1.0 3.7 0.8 0.8
West Torrance 1.6 2.5 0.9 0.9 2.1 2.0 1.6 3.7 1.6 2.0 2.8 1.3
N Torrance - West 2.8 1.8 1.2 0.9 1.8 4.7 1.3 1.4 3.7 5.0 2.3 1.4
N Torrance - East 6.0 1.5 0.6 0.8 3.0 2.2 8.5 0.8 0.6 2.3 1.2 0.6
Old Torrance 6.0 6.3 4.6 3.7 1.6 1.6 2.1 6.8 3.3 3.9 3.1 1.5
South East Torrance 2.8 16.0 1.9 3.3 2.1 2.8 2.1 1.8 3.2 2.1 0.8 1.4
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1.0
2.0
3.0
4.0
5.0
6.0
7.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory: Year-to-Year
2011
2012
2013
Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 5.3 6.1 4.5 4.2 5.4 3.6 5.9 4.8 4.4 4.4 3.5 3.5
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
Outlook for January Overall residential real estate stats for December compared to November turned out to exceed market
expectations with total sales, median sales price, median days to sell, sales/listing ratio and inventory
turnover trending positive. In fact, the only sluggish data statistic was the marginal decrease in the
amount of available listings during the month.
With this in mind, January 2014 is a new start for everyone looking to buy or sell real estate.
Opportunities are abundant and the cost to borrow remains extremely low, historically speaking. For
questions or a free property listing presentation, please give me a call.
Your recap is…
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Month-to-Month Comparison Nov 2013 Dec 2013 Delta (qty) Delta (%) Increase Decrease
Total Sales 67 96 29 43.3%
Median Sales Price 562,500 621,000 58,500 10.4%
Median Days to Sell 44 40 -4 -9.1%
Listings 135 100 -35 -25.9%
Sales/Listing Ratio 49.6% 96.0% 46.4% 93.5%
Inventory Turnover (months) 2.0 1 -1.0 -50.0%
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
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Hady Chahine [email protected]
310-404-5361
Hassana Chahine [email protected]
310-756-8949
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