july 2014 torrance real estate market trends update
DESCRIPTION
Torrance real estate statistics and analysis for July 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 July
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 August
About Hady Chahine Contact Information
Key Statistics for July
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Jun 2014 Jul 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 73 106 33 45.2%
Median Sales Price 659,000 617,000 (42,000) -6.4%
Median Days to Sell 24 36 12 50.0%
Listings 219 220 1 0.5%
Sales/Listing Ratio 33.3% 48.2% 14.9% 44.7%
Months of Inventory 3.0 2.1 -0.9 -30.0%
Monthly Comparison Year-to-Year Jul 2013 Jul 2014 Delta Delta Increase Decrease
Total Sales 108 106 -2 -1.9%
Median Sales Price 667,500 617,000 (50,500) -7.6%
Median Days to Sell 24 36 12 50.0%
Listings 217 220 3 1.4%
Months of Inventory 1.9 2.1 0.2 10.5%
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Total Sales Month-to-Month by Map Area May Jun Jul
Central Torrance 22 10 23
South East Torrance - West 2 5 2
Hollywood Riviera 7 9 14
South Torrance 7 6 11
Southwood 3 4 8
West Torrance 13 9 9
N Torrance - West 15 9 18
N Torrance - East 10 4 5
Old Torrance 8 10 8
South East Torrance - East 7 7 8
Total Sales 94 73 106
0
20
40
60
80
100
120
May Jun Jul
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
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Total Sales Year-to-Year by Map Area 2012 2013 2014
Central Torrance 14 11 23
South East Torrance - West 7 7 2
Hollywood Riviera 11 17 14
South Torrance 14 14 11
Southwood 1 3 8
West Torrance 10 12 9
N Torrance - West 17 17 18
N Torrance - East 4 2 5
Old Torrance 11 14 8
South East Torrance - East 7 11 8
Total Sales 96 108 106
0
20
40
60
80
100
120
2012 2013 2014
Total Sales Year-to-Year by Map Area: July
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
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Median Sales Price Month-to-Month by Map Area May Jun Jul
Central Torrance 557,500 554,500 523,000
South East Torrance - West 622,500 735,000 362,500
Hollywood Riviera 918,375 900,000 1,167,500
South Torrance 785,000 989,500 790,000
Southwood 685,000 526,250 747,500
West Torrance 725,000 690,000 630,000
N Torrance - West 545,000 538,000 482,500
N Torrance - East 530,500 526,500 520,000
Old Torrance 521,250 563,500 574,500
South East Torrance - East 665,000 749,000 629,000
Market Median Sales Price 613,000 659,000 617,000
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
May Jun Jul
2014 Median Sales Price 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
Market Median Sales Price
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Median Sales Price Year-to-Year by Map Area 2012 2013 2014
Central Torrance 556,500 505,000 523,000
South East Torrance - West 555,000 739,000 362,500
Hollywood Riviera 895,000 937,000 1,167,500
South Torrance 631,500 785,500 790,000
Southwood 660,000 729,000 747,500
West Torrance 601,200 702,500 630,000
N Torrance - West 457,000 508,000 482,500
N Torrance - East 370,500 630,500 520,000
Old Torrance 446,000 524,500 574,500
South East Torrance - East 559,000 645,000 629,000
Market Median Sales Price 546,500 667,500 617,000
-
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: July
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
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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
South East Torrance - West 9 9 8 6 15 17 20
Hollywood Riviera 14 13 18 17 23 23 31
South Torrance 8 13 17 17 14 18 18
Southwood 4 4 4 7 12 12 7
West Torrance 10 10 11 15 16 13 14
N Torrance - West 20 19 23 26 18 23 22
N Torrance - East 7 8 10 6 7 12 14
Old Torrance 18 16 19 25 38 39 41
South East Torrance - East 12 13 15 21 25 26 16
Total Active Listings 119 123 150 166 200 219 220
-
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
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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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
South East Torrance - West 9 9 8 6 15 17 20
Hollywood Riviera 14 13 18 17 23 23 31
South Torrance 8 13 17 17 14 18 18
Southwood 4 4 4 7 12 12 7
West Torrance 10 10 11 15 16 13 14
N Torrance - West 20 19 23 26 18 23 22
N Torrance - East 7 8 10 6 7 12 14
Old Torrance 18 16 19 25 38 39 41
South East Torrance - East 12 13 15 21 25 26 16
Total Active Listings 119 123 150 166 200 219 220
Total Sales 60 63 77 74 94 73 106
Sales/Listings Ratio 50.4% 51.2% 51.3% 44.6% 47.0% 33.3% 48.2%
-
50
100
150
200
250
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 Year-to-Year by Map Area 2012 2013 2014
Central Torrance 46 34 37
South East Torrance - West 25 12 20
Hollywood Riviera 22 24 31
South Torrance 14 20 18
Southwood 12 15 7
West Torrance 24 20 14
N Torrance - West 33 22 22
N Torrance - East 22 18 14
Old Torrance 41 29 41
South East Torrance - East 19 23 16
Total Active Listings 258 217 220
0
50
100
150
200
250
300
2012 2013 2014
Active Listings Year-to-Year by Map Area: July
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 Active Listings
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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
South East Torrance - West 1.3 3.0 1.3 2.0 7.5 3.4 10.0
Hollywood Riviera 2.3 1.3 3.0 1.7 3.3 2.6 2.2
South Torrance 2.0 2.6 2.4 1.9 2.0 3.0 1.6
Southwood 1.0 1.3 1.0 2.3 4.0 3.0 0.9
West Torrance 1.1 2.0 1.6 3.8 1.2 1.4 1.6
N Torrance - West 1.8 1.7 1.9 1.9 1.2 2.6 1.2
N Torrance - East 7.0 4.0 1.4 0.8 0.7 3.0 2.8
Old Torrance 2.0 1.2 2.7 3.1 4.8 3.9 5.1
South East Torrance - East 12.0 3.3 1.4 4.2 3.6 3.7 2.0
-
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 2.0 2.2 2.1 3.0 2.1
-
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 August
In closing, real estate activity in the Torrance market was fairly positive from a month-to-month
perspective with improvements in total sales, listings, sales/listing ratio, and months of inventory.
However, the median sales price trended downward at a 6.4% pace while the median days to sell
jumped by 50%. Regardless, my opinion of these stats communicates consumer confidence that the
market is moving in the right direction.
So, what should you expect in August? Given relatively consistent inventory numbers, stable pricing,
and improvements to the sales/listing ratio I suspect August will produce similar, if not better,
performance stats. Thus, if you are in the market to buy or sell you should contact me ASAP. Given
nearly 14 years in real estate I am confident my knowledge, experience, and professionalism defines
the type of representation that will undoubtedly prove advantageous for your respective needs.
Your recap…
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Month-to-Month Comparison Jun 2014 Jul 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 73 106 33 45.2%
Median Sales Price 659,000 617,000 (42,000) -6.4%
Median Days to Sell 24 36 12 50.0%
Listings 219 220 1 0.5%
Sales/Listing Ratio 33.3% 48.2% 14.9% 44.7%
Months of Inventory 3.0 2.1 -0.9 -30.0%
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About
Hady Chahine…
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