march 2014 torrance real estate market trends update
DESCRIPTION
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.TRANSCRIPT
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
Key Statistics for March
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= 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%
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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
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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
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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
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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
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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
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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%
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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
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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 TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth 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
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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
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…
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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%
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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