february 2014 torrance real estate market trends update
DESCRIPTION
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.TRANSCRIPT
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
Key Statistics for February
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= 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%
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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
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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 TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - East
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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
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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 TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - East Market Median Sales Price
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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
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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
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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 TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - East
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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
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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
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…
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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%
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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inspection by and/or with the appropriate professionals.
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Hady Chahine [email protected]
310-404-5361
Hassana Chahine [email protected]
310-756-8949
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