september 2013 torrance real estate market trends update
DESCRIPTION
Torrance real estate statistics and analysis for September 2013. Includes homes sales, listings and historical performance on a month to month and year over year basis.TRANSCRIPT
TorranceResidential Real Estate
Market Conditions September 2013
Table of Contents
Key StatisticsFor September
Sales2013 Residential Sales Stats: July – Sept Graph2013 Residential Sales Stats: July – Sept DataYear-to-Year Total Sales by Map Area: Sept GraphYear-to-Year Total Sales by Map Area: Sept Data
Median2013 Median Sales Stats: July – Sept Graph2013 Median Sales Stats: July – Sept DataYear-to-Year Median Sales by Map Area: Sept GraphYear-to-Year Median Sales by Map Area: Sept Data
Listings2013 Active Listings by Map Area Graph2013 Active Listings by Map Area Data2013 Total Active Listings vs. Total Sales Graph2013 Total Active Listings vs. Total Sales DataYear-to-Year Active Listings by Map Area: Sept GraphYear-to-Year Active Listings by Map Area: Sept Data
Inventory2013 Months of Inventory by Map Area Graph2013 Months of Inventory by Map Area DataYear-to-Year Months of Inventory GraphYear-to-Year Months of Inventory Data
OutlookFor October
About The Mother & Son South Bay Real Estate TeamContact Information
Key Statistics for September
Total Home Sales: 89 20.3% from September 2012
Median Sales Price Up $55K 10.4% from September 2012 Median Days to Sell: 34 19.1% from September 2012 Current Active Listings: 180 16.7% from August 2013 Inventory Turnover: 2.0 Months 16.2% from September 2012 Sales/Listing Ratio: 49.4%
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* See next slide for supportive dataBack to Table of Contents
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2013 Residential Sales Statistics: July - Sept
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2013 Residential Sales by Map Area Sept Aug July YTD
Central Torrance 16 14 11 41
South East Torrance - West 6 2 7 15
Hollywood Riviera 9 10 17 36
South Torrance 7 17 14 38
Southwood 7 7 3 17
West Torrance 11 7 12 30
N Torrance - West 6 15 17 38
N Torrance - East 9 11 2 22Old Torrance 12 5 14 31South East Torrance 6 11 11 28
Total Sales 89 99 108 296
* See next slide for supportive dataBack to Table of Contents
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Total Sales by Map Area: Year-to-Year for September
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Sales by Map Area: Year-to-Year for September 2013 2012 2011Central Torrance 16 9 9South East Torrance - West 6 10 10Hollywood Riviera 9 9 9South Torrance 7 5 5Southwood 7 9 9West Torrance 11 6 6N Torrance - West 6 9 9N Torrance - East 9 7 7Old Torrance 12 7 7South East Torrance 6 3 3
Total Sales 89 74 74
* See next slide for supportive dataBack to Table of Contents
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2013 Median Sales Statistics: July - Sept
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2013 Median Sales by Map Area Sept Aug July
Central Torrance 574,000 631,000 505,000
South East Torrance - West 428,500 321,250 739,000
Hollywood Riviera 990,000 892,000 937,000
South Torrance 739,000 740,000 785,500
Southwood 675,000 625,000 729,000
West Torrance 660,000 730,000 702,500
N Torrance - West 460,000 500,000 508,000
N Torrance - East 498,000 512,000 630,500
Old Torrance 539,500 455,000 524,500
South East Torrance 545,000 629,000 645,000
Market Medians 585,000 619,000 667,500
* See next slide for supportive dataBack to Table of Contents
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Median Sales Price by Map Area: Year-to-Year for September
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Median Sales Price by Map Area: Year-to-Year for September 2013 2012 2011Central Torrance 574,000 543,750 589,900 South East Torrance - West 428,500 455,000 479,500 Hollywood Riviera 990,000 1,147,000 760,000 South Torrance 739,000 775,000 749,000 Southwood 675,000 605,000 570,000 West Torrance 660,000 615,000 642,525 N Torrance - West 460,000 429,500 403,000 N Torrance - East 498,000 470,000 427,000 Old Torrance 539,500 425,000 345,000 South East Torrance 545,000 610,000 640,000
Total Market Sales Medians 585,000 530,000 529,950
* See next slide for supportive dataBack to Table of Contents
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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 South East Torrance - West 14 11 5 8 10 11 12 15 15 Hollywood Riviera 18 18 17 21 29 27 22 30 18 South Torrance 10 13 15 16 15 17 20 18 12 Southwood 6 9 7 10 9 12 14 9 7 West Torrance 16 15 9 14 15 14 19 26 17 N Torrance - West 14 14 13 12 21 28 22 21 22 N Torrance - East 6 3 5 4 6 11 17 9 5 Old Torrance 24 25 23 26 29 22 29 34 39 South East Torrance 14 16 13 20 19 17 23 20 19
Total Active Listings 146 139 137 159 176 180 209 216 180 Total Sales 56 51 90 99 99 89 108 99 89
Sales/Listings Ratio 38.4% 36.7% 65.7% 62.3% 56.3% 49.4% 51.7% 45.8% 49.4%
* See next slide for supportive dataBack to Table of Contents
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2013 Total Active Listings vs. Total Sales
Total Active Listings
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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 South East Torrance - West 14 11 5 8 10 11 12 15 15 Hollywood Riviera 18 18 17 21 29 27 22 30 18 South Torrance 10 13 15 16 15 17 20 18 12 Southwood 6 9 7 10 9 12 14 9 7 West Torrance 16 15 9 14 15 14 19 26 17 N Torrance - West 14 14 13 12 21 28 22 21 22 N Torrance - East 6 3 5 4 6 11 17 9 5 Old Torrance 24 25 23 26 29 22 29 34 39 South East Torrance 14 16 13 20 19 17 23 20 19
Total Active Listings 146 139 137 159 176 180 209 216 180 Total Sales 56 51 90 99 99 89 108 99 89
Sales/Listings Ratio 38.4% 36.7% 65.7% 62.3% 56.3% 49.4% 51.7% 45.8% 49.4%
* See next slide for supportive dataBack to Table of Contents
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Active Listings by Map Area: Year-to-Year for September
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Active Listings by Map Area: Year-to-Year for September 2013 2012 2011Central Torrance 26 26 60South East Torrance - West 15 15 33Hollywood Riviera 18 18 40South Torrance 12 12 25Southwood 7 7 14West Torrance 17 17 15N Torrance - West 22 22 47N Torrance - East 5 5 19Old Torrance 39 39 41South East Torrance 19 19 33
Total Active Listings 180 180 327
* See next slide for supportive dataBack to Table of Contents
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2013 Months of Inventory by Map Area
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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 South East Torrance - West 2.0 2.2 0.5 0.8 0.8 5.5 1.7 7.5 2.5 Hollywood Riviera 3.0 1.8 1.2 3.5 3.6 1.4 1.3 3.0 2.0 South Torrance 2.0 3.3 2.5 1.8 2.5 2.1 1.4 1.1 1.7 Southwood 2.0 4.5 1.4 1.7 1.8 2.0 4.7 1.3 1.0 West Torrance 1.6 2.5 0.9 0.9 2.1 2.0 1.6 3.7 1.6 N Torrance - West 2.8 1.8 1.2 0.9 1.8 4.7 1.3 1.4 3.7 N Torrance - East 6.0 1.5 0.6 0.8 3.0 2.2 8.5 0.8 0.6 Old Torrance 6.0 6.3 4.6 3.7 1.6 1.6 2.1 6.8 3.3 South East Torrance 2.8 16.0 1.9 3.3 2.1 2.8 2.1 1.8 3.2
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Months of Inventory: Year-to-Year
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Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2013 2.6 2.7 1.5 1.6 1.8 2.0 1.9 2.2 2.0 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 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
Outlook for OctoberBased on historical trends, it is expected that the supply of properties for sale in October will increase as buyer activity decreases. This normally occurs this time of year because people are focusing their attentions elsewhere, such as children returning to school and preparing for the holiday season. Since mortgage interest rates remain relatively low, however, it is anticipated that buyer activity will remain strong throughout October, and perhaps even thru the end of 2013.
With this in mind – supply increasing and buyers aggressively shopping – Q4 of 2013 might prove very active! Thus, it is reasonable to conclude that sellers should negotiate strong purchase offers with reasonable terms. Buyers, on the other hand, should shop all available listings as supply is likely to increase in volume making possible many acceptable alternatives to choose from.
Keep in mind… Residential home sales increased 20+% from September 2012 to 2013 Median sales price increased $55K from September 2012 to 2013 Median days to sell decreased 19+% from September 2012 to 2013 Months of inventory is improving with declines seen throughout 2013 relative to 2012 Active listings in September 2013 totaled 180, which is down 16.7% from August And, the sales/listing ratio remains stable at 49.4%
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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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Website: http://HHCRealEstate.com
Listings: http://HHCRealEstate.com/featured-south-bay-homes
MLS: http://HHCRealEstate.com/south-bay-mls-real-estate-listings
Blog: http://HHCRealEstate.com/real-estate-news/
Hady Chahine [email protected] 310-404-5361
Hassana Chahine [email protected] 310-756-8949
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