Torrance

Residential Real Estate Market Conditions

February 2014

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

Table of Contents

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 March About the Mother & Son South Bay Real Estate Team Contact Information

Key Statistics for February

Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Months of Inventory Jan 2014 60 608,500 45 119 50.4% 2.0 Feb 2014 63 591,000 29 123 51.2% 2.0 Delta (qty) 3 (17,500) -16 4 0.8% 0.0 Delta (%) 5.0% -2.9% -35.6% 3.4% 1.6% 0.0% Increase Decrease

Monthly Comparison Year-to-Year Total Sales Median Sales Price Median Days to Sell Listings Months of Inventory

Feb 2013 51 575,000 34 140 2.7

Feb 2014 63 591,000 29 123 2.0

Delta 12 16,000 -5 -17 -0.7

Delta 23.5% 2.8% -14.7% -12.1% -25.9%

Increase

Decrease

= trending positive = trending negative

= trending positive = trending negative

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2014 Residential Sales 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

Jan 8 7 6 4 4 9 11 1 9 1 60

Feb 7 3 10 5 3 5 11 2 13 4 63

2014 Residential Sales Statistics: February

14 12 10 8 6 4 2 0 Jan Feb 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 February 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

2012 6 5 6 2 6 3 8 1 7 6 50

2013 9 5 10 4 2 6 8 2 4 1 51

2014 7 3 10 5 3 5 11 2 13 4 63

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

14 12

10
8 6 4 2 0

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

2012

2013

2014

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2014 Median Sales Price 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

Jan 608,500 710,000 1,088,500 881,250 657,500 815,000 532,000 370,000 475,000 533,000 608,500

Feb 508,000 420,000 1,202,000 710,000 517,000 742,408 490,000 455,550 515,000 697,000 591,000

2014 Median Sales Price Statistics: February

1,400,000
1,200,000 1,000,000 800,000 600,000 400,000 200,000 Jan Feb 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 Sales Price by Map Area: Year-to-Year for February 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

2012 597,500 320,000 739,000 572,500 610,500 675,000 466,500 498,000 470,000 497,500 512,000

2013 575,000 314,000 977,500 617,500 662,000 637,500 438,500 479,425 445,000 550,000 575,000

2014 508,000 420,000 1,202,000 710,000 517,000 742,408 490,000 455,550 515,000 697,000 591,000

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

1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 2012 2013 2014 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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2014 Active Listings by Map Area

20 18 16 14 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 12 10 8 6 4 2 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2014 Active Listings/Total Sales 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 Active Listings
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Jan 17 9 14 8 4 10 20 7 18 12 119

Feb 18 9 13 13 4 10 19 8 16 13 123

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2014 Total Active Listings vs. Total Sales

140

120
100 80 60 40 Total Active Listings Total Sales 20 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2014 Active Listings/Total Sales by Map Area Jan Feb Mar Central Torrance 17 18 South East Torrance - West 9 9 Hollywood Riviera 14 13 South Torrance 8 13 Southwood 4 4 West Torrance 10 10 N Torrance - West 20 19 N Torrance - East 7 8 Old Torrance 18 16 South East Torrance - East 12 13 Total Active Listings 119 123 Total Sales 60 63 Sales/Listings Ratio 50.4% 51.2%
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Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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

2012 55 26 24 19 10 18 42 22 34 18 268

2013 16 11 18 13 9 15 14 3 25 16 140

2014 18 9 13 13 4 10 19 8 16 13 123

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

60 50 40 30 20 10 0 2012 2013 2014 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

12.0 10.0 8.0 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 6.0 4.0 2.0 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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Jan 2.1 1.3 2.3 2.0 1.0 1.1 1.8 7.0 2.0 12.0

Feb 2.6 3.0 1.3 2.6 1.3 2.0 1.7 4.0 1.2 3.3

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Months of Inventory: Year-to-Year

6.0

5.0

4.0

3.0 2012 2013 2014

2.0

1.0

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

Months of Inventory: Year-to-Year 2012 2013 2014

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Jan 3.7 2.6 2.0

Feb 5.4 2.7 2.0

Mar 3.2 1.5

Apr 3.3 1.6

May 3.0 1.8

Jun 3.0 2.0

Jul 2.7 1.9

Aug 2.8 2.2

Sep 2.4 2.0

Oct 2.1 2.3

Nov 2.1 2.0

Dec 1.8 1.0

Outlook for March

Overall, 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 not slightly 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 Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Months of Inventory
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Jan 2014 60 608,500 45 119 50.4% 2.0

Feb 2014 63 591,000 29 123 51.2% 2.0

Delta (qty) 3 (17,500) -16 4 0.8% 0.0

Delta (%) 5.0% -2.9% -35.6% 3.4% 1.6% 0.0%

Increase

Decrease

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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Hassana Chahine
hassana@hhcrealestate.com 310-756-8949

Hady Chahine
hady@hhcrealestate.com 310-404-5361

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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.

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