torrance real estate market conditions - december 2014

8/10/2019 Torrance Real Estate Market Conditions - December 2014

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TorranceResidential Real Estate

Market ConditionsDecember 2014
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Table ofContents

Key Statistics for December

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 January

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Key Statistics for December

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Nov 2014 Dec 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 74 76 2 2.7%

Median Sales Price 610,000 598,050 (11,950) -2.0%

Median Days to Sell 48 49 1 2.1%

Listings 170 139 -31 -18.2%

Sales/Listing Ratio 43.5% 54.7% 11.2% 25.7%

Months of Inventory 2.3 1.8 -0.5 -21.7%

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

Total Sales 96 76 -20 -20.8%



Listings 141 139 -2 -1.4%

Months of Inventory 1.0 1.8 0.8 80.0%
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Total Sales Month-to-Month by Map Area Oct Nov Dec

Central Torrance 18 13 11

South East Torrance - West 5 7 9

Hollywood Riviera 15 9 11

South Torrance 8 2 3

Southwood 5 3 5

West Torrance 5 8 4N Torrance - West 11 10 12

N Torrance - East 8 6 7

Old Torrance 9 8 8

South East Torrance - East 7 8 6

Total Sales 91 74 76

0

10

20

30

40

50

60

70

80

90

100

Oct Nov Dec

2014 Total Sales Month-to-Month by Map Area

Central TorranceSouth East Torrance - WestHollywood RivieraSouth Torrance

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


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Total Sales Year-to-Year by Map Area 2012 2013 2014





Southwood 2 6 5



Old Torrance 8 14 8


Total Sales 79 96 76

0

10

20

30

40

5060

70

80

90

100

2012 2013 2014

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

Central Torrance

South East Torrance - West

Hollywood Riviera

South Torrance

SouthwoodWest Torrance

N Torrance - West

N Torrance - East

Old Torrance

South East Torrance - East

Total Sales


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Median Sales Price Month-to-Month by Map Area Oct Nov Dec

Central Torrance 519,000 651,000 610,000

South East Torrance - West 780,000 475,000 765,000

Hollywood Riviera 999,000 1,080,000 1,109,999

South Torrance 748,750 1,132,500 808,000

Southwood 725,000 765,000 700,000

West Torrance 705,100 694,250 639,950N Torrance - West 590,000 573,500 566,000

N Torrance - East 569,500 534,375 559,000

Old Torrance 510,000 575,250 488,500

South East Torrance - East 695,000 609,500 667,000

Market Median Sales Price 628,000 610,000 598,050

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Oct Nov Dec

2014 Median Sales Price Month-to-Month by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Market Median Sales Price


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

Central Torrance 602,500 520,000 610,000

South East Torrance - West 432,500 487,375 765,000

Hollywood Riviera 785,700 919,000 1,109,999

South Torrance 700,000 809,000 808,000

Southwood 611,500 751,500 700,000

West Torrance 605,000 663,500 639,950N Torrance - West 435,000 524,000 566,000

N Torrance - East 405,000 575,000 559,000

Old Torrance 474,500 507,500 488,500

South East Torrance - East 595,000 670,000 667,000

Market Median Sales Price 535,000 621,000 598,050

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

2012 2013 2014

Median Sales Price Year-to-Year by Map Area: December

Central Torrance


Hollywood Riviera

South Torrance

SouthwoodWest Torrance

N Torrance - West

N Torrance - East

Old Torrance


Market Median Sales Price



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

Central Torrance 17 18 25 26 32 36 37 30 29 26 25 20

South East Torrance - West 9 9 8 6 15 17 20 13 18 21 22 18

Hollywood Riviera 14 13 18 17 23 23 31 24 23 22 13 13South Torrance 8 13 17 17 14 18 18 17 15 14 16 12

Southwood 4 4 4 7 12 12 7 6 3 7 8 3

West Torrance 10 10 11 15 16 13 14 15 14 13 11 9

N Torrance - West 20 19 23 26 18 23 22 26 34 27 23 19

N Torrance - East 7 8 10 6 7 12 14 9 14 15 9 8

Old Torrance 18 16 19 25 38 39 41 42 36 37 28 26

South East Torrance - East 12 13 15 21 25 26 16 22 16 17 15 11

Total Active Listings 119 123 150 166 200 219 220 204 202 199 170 139

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510

15

20

25

30

35

4045

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

2014 Active Listings by Map Area

Central TorranceSouth East Torrance - West

Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old TorranceSouth East Torrance - East



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

Central Torrance 17 18 25 26 32 36 37 30 29 26 25 20

South East Torrance - West 9 9 8 6 15 17 20 13 18 21 22 18

Hollywood Riviera 14 13 18 17 23 23 31 24 23 22 13 13

South Torrance 8 13 17 17 14 18 18 17 15 14 16 12

Southwood 4 4 4 7 12 12 7 6 3 7 8 3West Torrance 10 10 11 15 16 13 14 15 14 13 11 9

N Torrance - West 20 19 23 26 18 23 22 26 34 27 23 19

N Torrance - East 7 8 10 6 7 12 14 9 14 15 9 8

Old Torrance 18 16 19 25 38 39 41 42 36 37 28 26

South East Torrance - East 12 13 15 21 25 26 16 22 16 17 15 11

Total Active Listings 119 123 150 166 200 219 220 204 202 199 170 139

Total Sales 60 63 77 74 94 73 106 98 75 91 74 76

Sales/Listings Ratio 50.4% 51.2% 51.3% 44.6% 47.0% 33.3% 48.2% 48.0% 37.1% 45.7% 43.5% 54.7%

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50

100

150

200

250


2014 Total Active Listings vs. Total Sales

Total Active ListingsTotal Sales



Active Listings Year-to-Year by Map Area 2012 2013 2014





Southwood 3 5 3



Old Torrance 21 26 26


Total Active Listings 139 141 139

0

20

40

60

80

100

120

140

160

2012 2013 2014

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

Central Torrance


Hollywood RivieraSouth Torrance

Southwood

West Torrance

N Torrance - WestN Torrance - East

Old Torrance


Total Active Listings



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

Central Torrance 2.1 2.6 2.5 2.6 1.5 3.6 1.6 1.8 1.7 1.4 1.9 1.8

South East Torrance - West 1.3 3.0 1.3 2.0 7.5 3.4 10.0 1.3 6.0 4.2 3.1 2.0Hollywood Riviera 2.3 1.3 3.0 1.7 3.3 2.6 2.2 1.3 3.8 1.5 1.4 1.2

South Torrance 2.0 2.6 2.4 1.9 2.0 3.0 1.6 3.4 2.1 1.8 8.0 4.0

Southwood 1.0 1.3 1.0 2.3 4.0 3.0 0.9 1.2 0.6 1.4 2.7 0.6

West Torrance 1.1 2.0 1.6 3.8 1.2 1.4 1.6 3.0 2.3 2.6 1.4 2.3

N Torrance - West 1.8 1.7 1.9 1.9 1.2 2.6 1.2 2.4 4.9 2.5 2.3 2.0

N Torrance - East 7.0 4.0 1.4 0.8 0.7 3.0 2.8 1.1 4.7 1.9 1.5 1.8

Old Torrance 2.0 1.2 2.7 3.1 4.8 3.9 5.1 3.5 2.6 4.1 3.5 8.3

South East Torrance - East 12.0 3.3 1.4 4.2 3.6 3.7 2.0 3.1 2.3 2.4 1.9 1.8

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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 - 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 2.0 2.2 2.1 3.0 2.1 2.1 2.7 2.2 2.3 1.8

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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 January

As projected would likely occur the Torrance real estate market slowed a bit in December with respect

to summer and fall activity. Of course, this was assumed and is partially explained due to the holidayseason. Interestingly, however, is the market median sales price remained fairly stable year-over-year, with $621,000 reported in December 2013 as compared to $598,050 posted for December 2014.In summary, one word to describe real estate activity for the Torrance market ending 2014 is positive.

What should you expect in 2015? you ask. Given the Feds recent posturing to increase interest

rates in the first half of the year, along with other micro- and macro-economic factors, such as GDP

production, employment rates and the volatility of energy prices, it is probable to see a shift in trendingbehavior towards a buyers market. Though, the level and consistency of housing inventory will play a

critical role in this supply/demand relationship. My advice, if you are interested in selling or buyingnow is the time to act. For questions, I would be happy to schedule a free consultation to discuss howI can be of service to you.

Your recap


Month-to-Month Comparison Nov 2014 Dec 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 74 76 2 2.7%



Listings 170 139 -31 -18.2%

Sales/Listing Ratio 43.5% 54.7% 11.2% 25.7%

Months of Inventory 2.3 1.8 -0.5 -21.7%


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torrance real estate market conditions - december 2014

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