torrance real estate market conditions - november 2013

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

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TorranceResidential Real Estate

Market ConditionsNovember 2013


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Table ofContents

Key Statistics for November

Sales

2013 Residential Sales Stats: Sep - Nov

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

Median

2013 Median Sales Stats: Sep - Nov

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

Listings2013 Active Listings by Map Area

2013 Total Active Listings vs. Total Sales

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

Inventory

2013 Months of Inventory by Map Area

Year-to-Year Months of Inventory

Outlook for November

About the Mother & Son South Bay Real Estate Team

Contact Information


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Key Statistics for November

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

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

Total Sales 74 67 -7 -9.5%

Median Sales Price 671,000 562,500 (108,500) -16.2%

Median Days to Sell 44 44 0 0.0%

Listings 170 135 -35 -20.6%

Sales/Listing Ratio 43.5% 49.6% 6.1% 14.0%

Inventory Turnover (months) 2.3 2 -0.3 -13.0%

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

Total Sales 86 67 -19 -22.1%

Median Sales Price 539,500 562,500 23,000 4.3%


Listings 180 135 -45 -25.0%



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Sep Oct Nov

2013 Residential Sales Statistics: Sep - Nov

Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance

2013 Residential Sales by Map Area Sep Oct Nov YTD

Central Torrance 16 15 12 43

South East Torrance - West 6 7 7 20

Hollywood Riviera 9 8 8 25

South Torrance 7 8 0 15

Southwood 7 3 5 15

West Torrance 11 10 5 26N Torrance - West 6 4 7 17

N Torrance - East 9 4 6 19

Old Torrance 12 7 9 28

South East Torrance 6 8 8 22

Total Sales 89 74 67 230


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2011 2012 2013

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

Central Torrance

South East Torrance - West

Hollywood Riviera

South Torrance

Southwood

West TorranceN Torrance - WestN Torrance - East

Old Torrance

South East Torrance

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

Central Torrance 13 15 12

South East Torrance - West 4 6 7

Hollywood Riviera 6 11 8

South Torrance 7 14 0

Southwood 5 3 5

West Torrance 8 7 5

N Torrance - West 14 14 7

N Torrance - East 5 6 6

Old Torrance 7 6 9

South East Torrance 8 4 8

Total Sales 77 86 67


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100,000

200,000

300,000

400,000500,000

600,000

700,000

800,000

900,000

1,000,000

Sep Oct Nov

2013 Median Sale Price Statistics: Sep - Nov


2013 Median Sale Price by Map Area Sep Oct Nov

Central Torrance 574,000 575,000 550,250

South East Torrance - West 428,500 865,000 367,500

Hollywood Riviera 990,000 923,000 925,000

South Torrance 739,000 625,000 -

Southwood 675,000 729,000 760,000

West Torrance 660,000 785,000 721,000

N Torrance - West 460,000 461,813 540,000

N Torrance - East 498,000 530,000 502,500

Old Torrance 539,500 458,000 443,000

South East Torrance 545,000 695,000 665,000

Market Median Sale Price 585,000 671,000 562,500


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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 November

Central TorranceSouth East Torrance - West

Hollywood RivieraSouth TorranceSouthwood

West TorranceN Torrance - West

N Torrance - EastOld TorranceSouth East Torrance

Market Median Sale Price

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

Central Torrance 510,000 530,000 550,250

South East Torrance - West 509,500 300,500 367,500

Hollywood Riviera 915,000 879,000 925,000

South Torrance 541,200 694,500 -

Southwood 650,000 685,000 760,000

West Torrance 555,000 649,000 721,000

N Torrance - West 410,000 427,000 540,000

N Torrance - East 445,000 453,500 502,500

Old Torrance 399,000 414,500 443,000

South East Torrance 505,000 436,500 665,000

Market Median Sale Price 520,000 539,500 562,500



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

2013 Active Listings by Map Area

Central Torrance

South East Torrance - West

Hollywood Riviera

South Torrance

SouthwoodWest Torrance

N Torrance - West

N Torrance - East

Old TorranceSouth 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

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

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

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

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

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

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

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

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

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



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2013 Total Active Listings vs. Total Sales

Total Active ListingsTotal 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

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

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

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

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

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

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

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

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

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

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

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%



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2011 2012 2013

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

Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwood

West TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance

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

Central Torrance 51 33 18

South East Torrance - West 29 13 11

Hollywood Riviera 24 15 19

South Torrance 15 17 12

Southwood 11 6 4

West Torrance 12 23 14

N Torrance - West 46 21 16

N Torrance - East 20 12 7

Old Torrance 36 21 28

South East Torrance 22 19 6

Total Active Listings 266 180 135



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2013 Months of Inventory by Map Area


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

South East Torrance - West 2.0 2.2 0.5 0.8 0.8 5.5 1.7 7.5 2.5 1.1 1.6Hollywood Riviera 3.0 1.8 1.2 3.5 3.6 1.4 1.3 3.0 2.0 2.9 2.4

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

Southwood 2.0 4.5 1.4 1.7 1.8 2.0 4.7 1.3 1.0 3.7 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

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

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

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

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



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Months of Inventory: Year-to-Year

201120122013

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


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Outlook for NovemberResidential real estate data for Torrance during November 2013 reveals market activity is trendingdownward relative to the month previous. Asides from improvements in the sales/listings ratio andmonths of inventory turnover, decreases in performance measurements for total sales, median salesprice, median days to sell, and listing were recorded. However, despite this information there is no reasonto be concerned as real estate market activity typically slows during the holiday season, historicallyspeaking. On the bright side, the median sales price in 2013 versus 2012 climb 4.3% or $23K.

The forecast for December is not unlike November in that overall market performance is expected toproduce similar results. With this in mind, here are a couple of things to remember: 1) Buyers, mortgageinterest rates remain at historically low levels but may be going up soon once the Fed begins QE tapering,and 2) Sellers, as the quantity of listings decline so does the competition.

With this in mind, the recap is


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

Total Sales 74 67 -7 -9.5%

Median Sales Price 671,000 562,500 (108,500) -16.2%


Listings 170 135 -35 -20.6%

Sales/Listing Ratio 43.5% 49.6% 6.1% 14.0%



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About the Mother & SonSouth 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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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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