january 2014 torrance real estate market trends update
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Torrance Residential Real Estate
Market Conditions January 2014
Table of
Contents
Key Statistics for January
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 February
About the Mother & Son South Bay Real Estate Team Contact Information
Key Statistics for January
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= trending positive = trending positive
= trending negative = trending negative
Monthly Comparison Year-to-Year Jan 2013 Jan 2014 Delta Delta Increase Decrease
Total Sales 56 60 4 7.1%
Median Sales Price 570,000 608,500 38,500 6.8%
Median Days to Sell 50 45 -5 -10.0%
Listings 147 119 -28 -19.0%
Months of Inventory 2.6 2 -0.6 -23.1%
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2014 Residential Sales by Map Area Jan
Central Torrance 8
South East Torrance - West 7
Hollywood Riviera 6
South Torrance 4
Southwood 4
West Torrance 9
N Torrance - West 11
N Torrance - East 1
Old Torrance 9
South East Torrance - East 1
Total Sales 60
0
2
4
6
8
10
12
Jan
2014 Residential Sales Statistics: January
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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Sales by Map Area: Year-to-Year for January 2012 2013 2014
Central Torrance 10 10 8
South East Torrance - West 6 7 7
Hollywood Riviera 9 6 6
South Torrance 7 5 4
Southwood 2 3 4
West Torrance 2 10 9
N Torrance - West 13 5 11
N Torrance - East 5 1 1
Old Torrance 6 4 9
South East Torrance - East 7 5 1
Total Sales 67 56 60
0
2
4
6
8
10
12
14
2012 2013 2014
Total Sales by Map Area: Year-to-Year for January
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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2014 Median Sale Price by Map Area Jan
Central Torrance 608,500
South East Torrance - West 710,000
Hollywood Riviera 1,088,500
South Torrance 881,250
Southwood 657,500
West Torrance 815,000
N Torrance - West 532,000
N Torrance - East 370,000
Old Torrance 475,000
South East Torrance - East 533,000
Market Median Sale Price 608,500
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
Jan
2014 Median Sale Price Statistics: January
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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Median Sale Price by Map Area: Year-to-Year for January 2012 2013 2014
Central Torrance 397,500 560,000 608,500
South East Torrance - West 528,500 450,000 710,000
Hollywood Riviera 1,015,000 882,000 1,088,500
South Torrance 540,000 565,000 881,250
Southwood 629,000 629,000 657,500
West Torrance 625,000 633,700 815,000
N Torrance - West 450,000 475,000 532,000
N Torrance - East 415,500 570,000 370,000
Old Torrance 327,500 455,000 475,000
South East Torrance - East 570,000 570,000 533,000
Market Median Sale Price 480,000 570,000 608,500
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
2012 2013 2014
Median Sale Price by Map Area: Year-to-Year for January
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 Sale Price
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2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance 17
South East Torrance - West 9
Hollywood Riviera 14
South Torrance 8
Southwood 4
West Torrance 10
N Torrance - West 20
N Torrance - East 7
Old Torrance 18
South East Torrance - East 12
Total Active Listings 119
-
2
4
6
8
10
12
14
16
18
20
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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2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance 17
South East Torrance - West 9
Hollywood Riviera 14
South Torrance 8
Southwood 4
West Torrance 10
N Torrance - West 20
N Torrance - East 7
Old Torrance 18
South East Torrance - East 12
Total Active Listings 119
Total Sales 60
Sales/Listings Ratio 50.4%
-
20
40
60
80
100
120
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 by Map Area: Year-to-Year for January 2012 2013 2014
Central Torrance 57 25 17
South East Torrance - West 23 14 9
Hollywood Riviera 16 18 14
South Torrance 16 10 8
Southwood 9 6 4
West Torrance 13 16 10
N Torrance - West 36 14 20
N Torrance - East 22 6 7
Old Torrance 35 24 18
South East Torrance - East 18 14 12
Total Active Listings 245 147 119
0
10
20
30
40
50
60
2012 2013 2014
Active Listings by Map Area: Year-to-Year for January
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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2014 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance 2.1
South East Torrance - West 1.3
Hollywood Riviera 2.3
South Torrance 2.0
Southwood 1.0
West Torrance 1.1
N Torrance - West 1.8
N Torrance - East 7.0
Old Torrance 2.0
South East Torrance - East 12.0
-
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
-
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 February
Data analysis of Torrance real estate activity for January 2014 relative to the same time last year revealed
a 7.1% improvement in total sales, a 6.8% increase in the median sales price, a 10% decrease in the
median days to sell, and a 23.1% decline in the months of inventory. The only quasi-negative stat is
reduction in the number of available listings, which dropped 19% year-over-year.
Looking ahead it is highly probable the month of February will produce similar stats given the cost to
borrow money remains comparatively inexpensive. The only concern is how the tax season might detract
from otherwise positive trending behavior.
Your recap is…
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Monthly Comparison Year-to-Year Jan 2013 Jan 2014 Delta Delta Increase Decrease
Total Sales 56 60 4 7.1%
Median Sales Price 570,000 608,500 38,500 6.8%
Median Days to Sell 50 45 -5 -10.0%
Listings 147 119 -28 -19.0%
Months of Inventory 2.6 2 -0.6 -23.1%
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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The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for
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
Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy
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 hady@hhcrealestate.com
310-404-5361
Hassana Chahine hassana@hhcrealestate.com
310-756-8949
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