january 2014 torrance real estate market trends update

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

Back to Table of Contents

= 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%


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


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


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance



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


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance



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


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Market Median Sale Price


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

Central Torrance 17


Hollywood Riviera 14

South Torrance 8

Southwood 4

West Torrance 10


N Torrance - East 7

Old Torrance 18


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


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

Central Torrance 17


Hollywood Riviera 14

South Torrance 8

Southwood 4

West Torrance 10


N Torrance - East 7

Old Torrance 18


Total Active Listings 119

Total Sales 60

Sales/Listings Ratio 50.4%

-

20

40

60

80

100

120


2014 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales


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


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance



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


2014 Months of Inventory by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old 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

-

1.0

2.0

3.0

4.0

5.0

6.0


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…


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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