torrance real estate market conditions - february 2014

8/12/2019 Torrance Real Estate Market Conditions - February 2014

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TorranceResidential Real Estate

Market ConditionsFebruary 2014
http://hhcrealestate.com/


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Table ofContents

Key Statistics for February

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

Listings2014 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 March

About the Mother & Son South Bay Real Estate Team

Contact Information
http://hhcrealestate.com/


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Key Statistics for February

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Jan 2014 Feb 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 60 63 3 5.0%

Median Sales Price 608,500 591,000 (17,500) -2.9%

Median Days to Sell 45 29 -16 -35.6%

Listings 119 123 4 3.4%

Sales/Listing Ratio 50.4% 51.2% 0.8% 1.6%

Months of Inventory 2.0 2.0 0.0 0.0%

Monthly Comparison Year-to-Year Feb 2013 Feb 2014 Delta Delta Increase Decrease

Total Sales 51 63 12 23.5%

Median Sales Price 575,000 591,000 16,000 2.8%


Listings 140 123 -17 -12.1%

Months of Inventory 2.7 2.0 -0.7 -25.9%
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2014 Residential Sales by Map Area Jan Feb

Central Torrance 8 7

South East Torrance - West 7 3

Hollywood Riviera 6 10

South Torrance 4 5

Southwood 4 3

West Torrance 9 5N Torrance - West 11 11

N Torrance - East 1 2

Old Torrance 9 13

South East Torrance - East 1 4

Total Sales 60 63

0

2

4

6

8

10

12

14

Jan Feb

2014 Residential Sales Statistics: February

Central Torrance

South East Torrance - WestHollywood Riviera

South Torrance

SouthwoodWest Torrance

N Torrance - West

N Torrance - EastOld Torrance

South East Torrance - East


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Sales by Map Area: Year-to-Year for February 2012 2013 2014

Central Torrance 6 9 7

South East Torrance - West 5 5 3

Hollywood Riviera 6 10 10

South Torrance 2 4 5

Southwood 6 2 3

West Torrance 3 6 5N Torrance - West 8 8 11

N Torrance - East 1 2 2

Old Torrance 7 4 13

South East Torrance - East 6 1 4

Total Sales 50 51 63

0

2

4

6

8

10

12

14

2012 2013 2014

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

Central TorranceSouth East Torrance - WestHollywood RivieraSouth Torrance

SouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - East


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2014 Median Sales Price by Map Area Jan Feb

Central Torrance 608,500 508,000

South East Torrance - West 710,000 420,000

Hollywood Riviera 1,088,500 1,202,000

South Torrance 881,250 710,000

Southwood 657,500 517,000

West Torrance 815,000 742,408N Torrance - West 532,000 490,000

N Torrance - East 370,000 455,550

Old Torrance 475,000 515,000

South East Torrance - East 533,000 697,000

Market Median Sales Price 608,500 591,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Jan Feb

2014 Median Sales Price Statistics: February

Central Torrance

South East Torrance - West

Hollywood Riviera

South Torrance

SouthwoodWest Torrance

N Torrance - West

N Torrance - East

Old Torrance



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Median Sales Price by Map Area: Year-to-Year for February 2012 2013 2014

Central Torrance 597,500 575,000 508,000

South East Torrance - West 320,000 314,000 420,000

Hollywood Riviera 739,000 977,500 1,202,000

South Torrance 572,500 617,500 710,000

Southwood 610,500 662,000 517,000

West Torrance 675,000 637,500 742,408N Torrance - West 466,500 438,500 490,000

N Torrance - East 498,000 479,425 455,550

Old Torrance 470,000 445,000 515,000

South East Torrance - East 497,500 550,000 697,000

Market Median Sales Price 512,000 575,000 591,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2012 2013 2014

Median Sales Price by Map Area: Year-to-Year for February

Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwood

West TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - EastMarket Median Sales Price



2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec



Hollywood Riviera 14 13South Torrance 8 13

Southwood 4 4

West Torrance 10 10

N Torrance - West 20 19


Old Torrance 18 16


Total Active Listings 119 123

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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




2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec



Hollywood Riviera 14 13

South Torrance 8 13

Southwood 4 4West Torrance 10 10

N Torrance - West 20 19


Old Torrance 18 16


Total Active Listings 119 123

Total Sales 60 63

Sales/Listings Ratio 50.4% 51.2%

-

20

40

60

80

100

120

140


2014 Total Active Listings vs. Total Sales

Total Active ListingsTotal Sales



Active Listings by Map Area: Year-to-Year for February 2012 2013 2014

Central Torrance 55 16 18

South East Torrance - West 26 11 9

Hollywood Riviera 24 18 13

South Torrance 19 13 13

Southwood 10 9 4

West Torrance 18 15 10N Torrance - West 42 14 19

N Torrance - East 22 3 8

Old Torrance 34 25 16

South East Torrance - East 18 16 13

Total Active Listings 268 140 123

0

10

20

30

40

50

60

2012 2013 2014

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

Central TorranceSouth East Torrance - WestHollywood RivieraSouth Torrance

SouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - East



2014 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Central Torrance 2.1 2.6

South East Torrance - West 1.3 3.0

Hollywood Riviera 2.3 1.3

South Torrance 2.0 2.6

Southwood 1.0 1.3

West Torrance 1.1 2.0

N Torrance - West 1.8 1.7

N Torrance - East 7.0 4.0

Old Torrance 2.0 1.2

South East Torrance - East 12.0 3.3

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2.0

4.0

6.0

8.0

10.0

12.0


2014 Months of Inventory by Map Area

Central TorranceSouth East Torrance - West

Hollywood Riviera

South TorranceSouthwood

West Torrance

N Torrance - WestN Torrance - EastOld Torrance




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

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1.0

2.0

3.0

4.0

5.0

6.0


Months of Inventory: Year-to-Year

2012

2013

2014


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Outlook for MarchOverall, real estate activity in Torrance for the month of February was encouraging. Stats trending

positive included total sales, median days to sell, listings, sales/listing ratio, and the months of

inventory. Although the median sales price marched in the opposite direction the delta was, however, a

marginal 2.9%.

What can you expect in March? Given the aforementioned it is reasonable to assume similar if notslightly better results compared to February. Though, tax season is known to throw curve balls. Of

course, if you are among those buyers expecting a hefty return you are well positioned to step up in

size and quality of the type of home you envision yourself living in.

Your recap


Month-to-Month Comparison Jan 2014 Feb 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 60 63 3 5.0%

Median Sales Price 608,500 591,000 (17,500) -2.9%


Listings 119 123 4 3.4%

Sales/Listing Ratio 50.4% 51.2% 0.8% 1.6%

Months of Inventory 2.0 2.0 0.0 0.0%


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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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The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitors 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.


Hady Chahine [email protected]

310-404-5361

Hassana Chahine [email protected]

310-756-8949

Listings MLS BLOGWebsite
http://hhcrealestate.com/featured-south-bay-homeshttp://hhcrealestate.com/south-bay-mls-real-estate-listingshttp://hhcrealestate.com/real-estate-news/http://hhcrealestate.com/http://hhcrealestate.com/real-estate-news/http://hhcrealestate.com/south-bay-mls-real-estate-listingshttp://hhcrealestate.com/featured-south-bay-homeshttp://hhcrealestate.com/http://hhcrealestate.com/

torrance real estate market conditions - february 2014

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