torrance real estate market conditions - december 2013

8/13/2019 Torrance Real Estate Market Conditions - December 2013

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TorranceResidential Real Estate

Market ConditionsDecember 2013


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Table ofContents

Key Statistics for December

Sales

2013 Residential Sales Stats: Oct - Dec

Year-to-Year Total Sales by Map Area: Dec

Median

2013 Median Sales Stats: Oct - Dec

Year-to-Year Median Sales by Map Area: Dec

Listings2013 Active Listings by Map Area

2013 Total Active Listings vs. Total Sales

Year-to-Year Active Listings by Map Area: Dec

Inventory

2013 Months of Inventory by Map Area

Year-to-Year Months of Inventory

Outlook for January

About the Mother & Son South Bay Real Estate Team

Contact Information


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Key Statistics for December

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Monthly Comparison Year-to-Year Dec 2012 Dec 2013 Delta Delta Increase Decrease

Total Sales 79 96 17 21.5%

Median Sales Price 535,000 621,000 86,000 16.1%

Median Days to Sell 32 40 8 25.0%

Listings 139 100 -39 -28.1%

Inventory Turnover (months) 1.8 1 -0.8 -44.4%

Month-to-Month Comparison Nov 2013 Dec 2013 Delta (qty) Delta (%) Increase Decrease

Total Sales 67 96 29 43.3%


Median Days to Sell 44 40 -4 -9.1%

Listings 135 100 -35 -25.9%

Sales/Listing Ratio 49.6% 96.0% 46.4% 93.5%



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Oct Nov Dec

2013 Residential Sales Statistics: Oct - Dec

Central TorranceSouth East Torrance - WestHollywood RivieraSouth Torrance

SouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance

2013 Residential Sales by Map Area Oct Nov Dec YTD

Central Torrance 15 12 15 42

South East Torrance - West 7 7 10 24

Hollywood Riviera 8 8 15 31

South Torrance 8 0 7 15

Southwood 3 5 6 14

West Torrance 10 5 6 21N Torrance - West 4 7 9 20

N Torrance - East 4 6 7 17

Old Torrance 7 9 14 30

South East Torrance 8 8 7 23

Total Sales 74 67 96 237


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2011 2012 2013

Total Sales by Map Area: Year-to-Year for December

Central TorranceSouth East Torrance - WestHollywood RivieraSouth Torrance

SouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance

Sales by Map Area: Year-to-Year for December 2011 2012 2013

Central Torrance 10 12 15

South East Torrance - West 3 6 10

Hollywood Riviera 10 7 15

South Torrance 8 5 7

Southwood 6 2 6

West Torrance 5 8 6N Torrance - West 9 15 9

N Torrance - East 4 7 7

Old Torrance 6 8 14

South East Torrance 3 9 7

Total Sales 64 79 96


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100,000

200,000

300,000

400,000500,000

600,000

700,000

800,000

900,000

1,000,000

Oct Nov Dec

2013 Median Sale Price Statistics: Oct - Dec

Central Torrance

South East Torrance - West

Hollywood Riviera

South Torrance

Southwood

West TorranceN Torrance - West

N Torrance - East

Old Torrance

South East Torrance

2013 Median Sale Price by Map Area Oct Nov Dec

Central Torrance 575,000 550,250 520,000

South East Torrance - West 865,000 367,500 487,375

Hollywood Riviera 923,000 925,000 919,000

South Torrance 625,000 - 809,000

Southwood 729,000 760,000 751,500

West Torrance 785,000 721,000 663,500N Torrance - West 461,813 540,000 524,000

N Torrance - East 530,000 502,500 575,000

Old Torrance 458,000 443,000 507,500

South East Torrance 695,000 665,000 670,000

Market Median Sale Price 671,000 562,500 621,000


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100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

2011 2012 2013

Median Sale Price by Map Area: Year-to-Year for December

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West TorranceN Torrance - West

N Torrance - East

Old Torrance

South East Torrance

Market Median Sale Price

Median Sale Price by Map Area: Year-to-Year for December 2011 2012 2013

Central Torrance 439,750 602,500 520,000

South East Torrance - West 310,000 432,500 487,375

Hollywood Riviera 887,500 785,700 919,000

South Torrance 634,750 700,000 809,000

Southwood 624,500 611,500 751,500

West Torrance 712,000 605,000 663,500N Torrance - West 420,000 435,000 524,000

N Torrance - East 454,000 405,000 575,000

Old Torrance 451,000 474,500 507,500

South East Torrance 462,500 595,000 670,000

Market Median Sale Price 528,500 535,000 621,000



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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 Active Listings by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - EastOld Torrance

South East Torrance

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 24 18 10

South East Torrance - West 14 11 5 8 10 11 12 15 15 8 11 5

Hollywood Riviera 18 18 17 21 29 27 22 30 18 23 19 12South Torrance 10 13 15 16 15 17 20 18 12 11 12 12

Southwood 6 9 7 10 9 12 14 9 7 11 4 5

West Torrance 16 15 9 14 15 14 19 26 17 20 14 8

N Torrance - West 14 14 13 12 21 28 22 21 22 20 16 13

N Torrance - East 6 3 5 4 6 11 17 9 5 9 7 4

Old Torrance 24 25 23 26 29 22 29 34 39 27 28 21

South East Torrance 14 16 13 20 19 17 23 20 19 17 6 10

Total Active Listings 146 139 137 159 176 180 209 216 180 170 135 100



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2013 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales

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 24 18 10

South East Torrance - West 14 11 5 8 10 11 12 15 15 8 11 5

Hollywood Riviera 18 18 17 21 29 27 22 30 18 23 19 12

South Torrance 10 13 15 16 15 17 20 18 12 11 12 12

Southwood 6 9 7 10 9 12 14 9 7 11 4 5West Torrance 16 15 9 14 15 14 19 26 17 20 14 8

N Torrance - West 14 14 13 12 21 28 22 21 22 20 16 13

N Torrance - East 6 3 5 4 6 11 17 9 5 9 7 4

Old Torrance 24 25 23 26 29 22 29 34 39 27 28 21

South East Torrance 14 16 13 20 19 17 23 20 19 17 6 10

Total Active Listings 146 139 137 159 176 180 209 216 180 170 135 100

Total Sales 56 51 90 99 99 89 108 99 89 74 67 96

Sales/Listings Ratio 38.4% 36.7% 65.7% 62.3% 56.3% 49.4% 51.7% 45.8% 49.4% 43.5% 49.6% 96.0%



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2011 2012 2013

Active Listings by Map Area: Year-to-Year for December

Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - West

N Torrance - EastOld TorranceSouth East Torrance

Active Listings by Map Area: Year-to-Year for December 2011 2012 2013

Central Torrance 53 23 10

South East Torrance - West 23 13 5

Hollywood Riviera 14 16 12

South Torrance 11 7 12

Southwood 9 3 5

West Torrance 7 20 8N Torrance - West 40 14 13

N Torrance - East 20 5 4

Old Torrance 31 21 21

South East Torrance 16 17 10

Total Active Listings 224 139 100



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2.0

4.0

6.0

8.0

10.0

12.0

14.0

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2013 Months of Inventory by Map Area

Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest Torrance

N Torrance - WestN Torrance - EastOld TorranceSouth East Torrance

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 1.6 1.5 0.7

South East Torrance - West 2.0 2.2 0.5 0.8 0.8 5.5 1.7 7.5 2.5 1.1 1.6 0.5

Hollywood Riviera 3.0 1.8 1.2 3.5 3.6 1.4 1.3 3.0 2.0 2.9 2.4 0.8

South Torrance 2.0 3.3 2.5 1.8 2.5 2.1 1.4 1.1 1.7 1.4 - 1.7

Southwood 2.0 4.5 1.4 1.7 1.8 2.0 4.7 1.3 1.0 3.7 0.8 0.8

West Torrance 1.6 2.5 0.9 0.9 2.1 2.0 1.6 3.7 1.6 2.0 2.8 1.3

N Torrance - West 2.8 1.8 1.2 0.9 1.8 4.7 1.3 1.4 3.7 5.0 2.3 1.4

N Torrance - East 6.0 1.5 0.6 0.8 3.0 2.2 8.5 0.8 0.6 2.3 1.2 0.6

Old Torrance 6.0 6.3 4.6 3.7 1.6 1.6 2.1 6.8 3.3 3.9 3.1 1.5

South East Torrance 2.8 16.0 1.9 3.3 2.1 2.8 2.1 1.8 3.2 2.1 0.8 1.4



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Months of Inventory: Year-to-Year

2011

2012

2013

Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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

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


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Outlook for JanuaryOverall residential real estate stats for December compared to November turned out to exceed market

expectations with total sales, median sales price, median days to sell, sales/listing ratio and inventory

turnover trending positive. In fact, the only sluggish data statistic was the marginal decrease in the

amount of available listings during the month.

With this in mind, January 2014 is a new start for everyone looking to buy or sell real estate.

Opportunities are abundant and the cost to borrow remains extremely low, historically speaking. For

questions or a free property listing presentation, please give me a call.

Your recap is


Month-to-Month Comparison Nov 2013 Dec 2013 Delta (qty) Delta (%) Increase DecreaseTotal Sales 67 96 29 43.3%


Median Days to Sell 44 40 -4 -9.1%

Listings 135 100 -35 -25.9%

Sales/Listing Ratio 49.6% 96.0% 46.4% 93.5%



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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 California2012

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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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.

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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torrance real estate market conditions - december 2013

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