April 2014 Torrance Real Estate Market Trends Update
15
Torrance Residential Real Estate Market Conditions April 2014
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Torrance real estate statistics and analysis for April 2014. Includes homes sales, listings and historical performance on a month to month and year over year basis.
Transcript of April 2014 Torrance Real Estate Market Trends Update
Table of
Contents
Key Statistics for April
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 May
About the Mother & Son South Bay Real Estate Team Contact Information
Key Statistics for April
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Mar 2014 Apr 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 77 74 -3 -3.9%
Median Sales Price 592,500 627,000 34,500 5.8%
Median Days to Sell 30 25 -5 -16.7%
Listings 150 166 16 10.7%
Sales/Listing Ratio 51.3% 44.6% -6.7% -13.1%
Months of Inventory 2.0 2.2 0.2 10.0%
Monthly Comparison Year-to-Year Apr 2013 Apr 2014 Delta Delta Increase Decrease
Total Sales 99 74 -25 -25.3%
Median Sales Price 585,000 627,000 42,000 7.2%
Median Days to Sell 19 25 6 31.6%
Listings 161 166 5 3.1%
Months of Inventory 1.6 2.2 0.6 37.5%
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Total Sales Month-to-Month by Map Area Feb Mar Apr
Central Torrance 7 10 10
South East Torrance - West 3 6 3
Hollywood Riviera 10 6 10
South Torrance 5 7 9
Southwood 3 4 3
West Torrance 5 7 4
N Torrance - West 11 12 14
N Torrance - East 2 7 8
Old Torrance 13 7 8
South East Torrance - East 4 11 5
Total Sales 63 77 74
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10
20
30
40
50
60
70
80
Feb Mar Apr
2014 Total Sales Month-to-Month 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
Total Sales
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Total Sales Year-to-Year by Map Area 2012 2013 2014
Central Torrance 15 21 10
South East Torrance - West 8 10 3
Hollywood Riviera 9 6 10
South Torrance 5 8 9
Southwood 3 6 3
West Torrance 4 16 4
N Torrance - West 14 13 14
N Torrance - East 5 5 8
Old Torrance 8 7 8
South East Torrance - East 6 7 5
Total Sales 77 99 74
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10
20
30
40
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60
70
80
90
100
2012 2013 2014
Total Sales Year-to-Year by Map Area: April
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
Total Sales
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Median Sales Price Month-to-Month by Map Area Feb Mar Apr
Central Torrance 508,000 492,450 492,450
South East Torrance - West 420,000 771,500 590,000
Hollywood Riviera 1,202,000 1,099,663 1,143,000
South Torrance 710,000 775,000 730,000
Southwood 517,000 554,450 725,000
West Torrance 742,408 696,000 677,500
N Torrance - West 490,000 558,500 546,500
N Torrance - East 455,550 545,000 532,500
Old Torrance 515,000 438,000 540,000
South East Torrance - East 697,000 650,000 506,000
Market Median Sales Price 591,000 592,500 627,000
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
Feb Mar Apr
2014 Median Sales Price Month-to-Month 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
Market Median Sales Price
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Median Sales Price Year-to-Year by Map Area 2012 2013 2014
Central Torrance 538,289 560,000 492,450
South East Torrance - West 394,000 437,500 590,000
Hollywood Riviera 720,000 1,047,500 1,143,000
South Torrance 610,000 753,950 730,000
Southwood 555,000 686,500 725,000
West Torrance 725,000 730,000 677,500
N Torrance - West 402,000 527,777 546,500
N Torrance - East 350,000 490,000 532,500
Old Torrance 405,000 450,000 540,000
South East Torrance - East 577,500 640,000 506,000
Market Median Sales Price 470,000 585,000 627,000
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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: April
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 Sales Price
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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
South East Torrance - West 9 9 8 6
Hollywood Riviera 14 13 18 17
South Torrance 8 13 17 17
Southwood 4 4 4 7
West Torrance 10 10 11 15
N Torrance - West 20 19 23 26
N Torrance - East 7 8 10 6
Old Torrance 18 16 19 25
South East Torrance - East 12 13 15 21
Total Active Listings 119 123 150 166
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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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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
South East Torrance - West 9 9 8 6
Hollywood Riviera 14 13 18 17
South Torrance 8 13 17 17
Southwood 4 4 4 7
West Torrance 10 10 11 15
N Torrance - West 20 19 23 26
N Torrance - East 7 8 10 6
Old Torrance 18 16 19 25
South East Torrance - East 12 13 15 21
Total Active Listings 119 123 150 166
Total Sales 60 63 77 74
Sales/Listings Ratio 50.4% 51.2% 51.3% 44.6%
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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 Year-to-Year by Map Area 2012 2013 2014
Central Torrance 43 29 26
South East Torrance - West 20 8 6
Hollywood Riviera 21 22 17
South Torrance 21 16 17
Southwood 12 10 7
West Torrance 25 14 15
N Torrance - West 45 12 26
N Torrance - East 19 4 6
Old Torrance 34 26 25
South East Torrance - East 14 20 21
Total Active Listings 254 161 166
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2012 2013 2014
Active Listings Year-to-Year by Map Area: April
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
Total Active Listings
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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
South East Torrance - West 1.3 3.0 1.3 2.0
Hollywood Riviera 2.3 1.3 3.0 1.7
South Torrance 2.0 2.6 2.4 1.9
Southwood 1.0 1.3 1.0 2.3
West Torrance 1.1 2.0 1.6 3.8
N Torrance - West 1.8 1.7 1.9 1.9
N Torrance - East 7.0 4.0 1.4 0.8
Old Torrance 2.0 1.2 2.7 3.1
South East Torrance - East 12.0 3.3 1.4 4.2
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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 2.0 2.0 2.2
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2.0
3.0
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory Year-to-Year
2012
2013
2014
Outlook for May
With 74 recorded sales and a $34.5K increase in the market median sales price, the real estate market
in Redondo Beach held strong in April. Overall, MLS data reveals a healthy supply and demand
relationship exists between sellers and buyers. And, considering the 10.7% surge in new listings we
expect this bond to grow even stronger in weeks to come.
“So, what is our forecast for May?” you ask? It’s simple – a lot more of the same but with higher
expectations that stat measurements across the board will improve as summertime inches closer. After
all the cost to borrow money remains historically inexpensive and the local job market and national
economy is showing signs of continued improvement. Do you want to buy or sell property? If yes,
please give us a call today and ask how we can be of service to you.
Your recap…
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Month-to-Month Comparison Mar 2014 Apr 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 77 74 -3 -3.9%
Median Sales Price 592,500 627,000 34,500 5.8%
Median Days to Sell 30 25 -5 -16.7%
Listings 150 166 16 10.7%
Sales/Listing Ratio 51.3% 44.6% -6.7% -13.1%
Months of Inventory 2.0 2.2 0.2 10.0%
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.
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Hady Chahine [email protected]
310-404-5361
Hassana Chahine [email protected]
310-756-8949
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