torrance real estate market conditions - august 2014
DESCRIPTION
Torrance real estate statistics and analysis for August 2014. Includes home sales, listings, inventory and historical performance on a month-to-month and year-to-year basis.TRANSCRIPT
Table of
Contents
Key Statistics for August
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 September
About Hady Chahine Contact Information
Key Statistics for August
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Jul 2014 Aug 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 106 98 -8 -7.5%
Median Sales Price 617,000 661,000 44,000 7.1%
Median Days to Sell 36 38 2 5.6%
Listings 220 204 -16 -7.3%
Sales/Listing Ratio 48.2% 48.0% -0.2% -0.4%
Months of Inventory 2.1 2.1 0.0 0.0%
Monthly Comparison Year-to-Year Aug 2013 Aug 2014 Delta Delta Increase Decrease
Total Sales 99 98 -1 -1.0%
Median Sales Price 619,000 661,000 42,000 6.8%
Median Days to Sell 30 38 8 26.7%
Listings 229 204 -25 -10.9%
Months of Inventory 2.2 2.1 -0.1 -4.5%
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Total Sales Month-to-Month by Map Area Jun Jul Aug
Central Torrance 10 23 17
South East Torrance - West 5 2 10
Hollywood Riviera 9 14 18
South Torrance 6 11 5
Southwood 4 8 5
West Torrance 9 9 5
N Torrance - West 9 18 11
N Torrance - East 4 5 8
Old Torrance 10 8 12
South East Torrance - East 7 8 7
Total Sales 73 106 98
0
20
40
60
80
100
120
Jun Jul Aug
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 19 14 17
South East Torrance - West 7 2 10
Hollywood Riviera 8 10 18
South Torrance 4 17 5
Southwood 5 7 5
West Torrance 10 7 5
N Torrance - West 10 15 11
N Torrance - East 10 11 8
Old Torrance 11 5 12
South East Torrance - East 8 11 7
Total Sales 92 99 98
0
10
20
30
40
50
60
70
80
90
100
2012 2013 2014
Total Sales Year-to-Year by Map Area: August
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 Jun Jul Aug
Central Torrance 554,500 523,000 595,000
South East Torrance - West 735,000 362,500 738,750
Hollywood Riviera 900,000 1,167,500 1,019,000
South Torrance 989,500 790,000 742,000
Southwood 526,250 747,500 717,000
West Torrance 690,000 630,000 775,000
N Torrance - West 538,000 482,500 549,900
N Torrance - East 526,500 520,000 560,000
Old Torrance 563,500 574,500 546,500
South East Torrance - East 749,000 629,000 648,000
Market Median Sales Price 659,000 617,000 661,000
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
Jun Jul Aug
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 450,000 631,000 595,000
South East Torrance - West 440,000 321,250 738,750
Hollywood Riviera 799,750 892,000 1,019,000
South Torrance 747,000 740,000 742,000
Southwood 707,000 625,000 717,000
West Torrance 575,000 730,000 775,000
N Torrance - West 437,500 500,000 549,900
N Torrance - East 492,000 512,000 560,000
Old Torrance 400,000 455,000 546,500
South East Torrance - East 662,500 629,000 648,000
Market Median Sales Price 531,500 619,000 661,000
-
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: August
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 30
South East Torrance - West 9 9 8 6 15 17 20 13
Hollywood Riviera 14 13 18 17 23 23 31 24
South Torrance 8 13 17 17 14 18 18 17
Southwood 4 4 4 7 12 12 7 6
West Torrance 10 10 11 15 16 13 14 15
N Torrance - West 20 19 23 26 18 23 22 26
N Torrance - East 7 8 10 6 7 12 14 9
Old Torrance 18 16 19 25 38 39 41 42
South East Torrance - East 12 13 15 21 25 26 16 22
Total Active Listings 119 123 150 166 200 219 220 204
-
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 30
South East Torrance - West 9 9 8 6 15 17 20 13
Hollywood Riviera 14 13 18 17 23 23 31 24
South Torrance 8 13 17 17 14 18 18 17
Southwood 4 4 4 7 12 12 7 6
West Torrance 10 10 11 15 16 13 14 15
N Torrance - West 20 19 23 26 18 23 22 26
N Torrance - East 7 8 10 6 7 12 14 9
Old Torrance 18 16 19 25 38 39 41 42
South East Torrance - East 12 13 15 21 25 26 16 22
Total Active Listings 119 123 150 166 200 219 220 204
Total Sales 60 63 77 74 94 73 106 98
Sales/Listings Ratio 50.4% 51.2% 51.3% 44.6% 47.0% 33.3% 48.2% 48.0%
-
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 40 37 30
South East Torrance - West 23 15 13
Hollywood Riviera 22 34 24
South Torrance 18 18 17
Southwood 12 10 6
West Torrance 29 27 15
N Torrance - West 34 23 26
N Torrance - East 21 10 9
Old Torrance 37 35 42
South East Torrance - East 19 20 22
Total Active Listings 255 229 204
0
50
100
150
200
250
300
2012 2013 2014
Active Listings Year-to-Year by Map Area: August
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 1.8
South East Torrance - West 1.3 3.0 1.3 2.0 7.5 3.4 10.0 1.3
Hollywood Riviera 2.3 1.3 3.0 1.7 3.3 2.6 2.2 1.3
South Torrance 2.0 2.6 2.4 1.9 2.0 3.0 1.6 3.4
Southwood 1.0 1.3 1.0 2.3 4.0 3.0 0.9 1.2
West Torrance 1.1 2.0 1.6 3.8 1.2 1.4 1.6 3.0
N Torrance - West 1.8 1.7 1.9 1.9 1.2 2.6 1.2 2.4
N Torrance - East 7.0 4.0 1.4 0.8 0.7 3.0 2.8 1.1
Old Torrance 2.0 1.2 2.7 3.1 4.8 3.9 5.1 3.5
South East Torrance - East 12.0 3.3 1.4 4.2 3.6 3.7 2.0 3.1
-
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 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 September
Despite single digit drops in total sales, active listings, and the sales/listing ratio the Torrance real
estate market for August posted a 7.1% increase in the median sales price along with a marginal
decline in the median days to sell. Also, year-over-year stats suggest buyer and seller behavior is
moving in the right direction as evidence of the bump in the median sales price of $42K.
Though, as we move into the fall season it is less clear what is to become of the gains realized this
summer and in the first part of 2014. Regardless, as money remains relatively cheap now is the time
for buyers to lock in a historically low rate and begin the shopping process. And sellers, don’t wait too
long to get your property listed for sale because buyer demand is trending strong. For questions or
service please feel free to contact me anytime. I would love to discuss how I can be of service to you!
Your recap…
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Month-to-Month Comparison Jul 2014 Aug 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 106 98 -8 -7.5%
Median Sales Price 617,000 661,000 44,000 7.1%
Median Days to Sell 36 38 2 5.6%
Listings 220 204 -16 -7.3%
Sales/Listing Ratio 48.2% 48.0% -0.2% -0.4%
Months of Inventory 2.1 2.1 0.0 0.0%
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About
Hady Chahine…
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any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet
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of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal
inspection by and/or with the appropriate professionals.
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