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Torrance real estate statistics and analysis for April 2014. Includes home sales, listings, inventory and historical performance on a month-to-month and year-to-year basis.
Torrance real estate statistics and analysis for April 2014. Includes home sales, listings, inventory and historical performance on a month-to-month and year-to-year basis.
Torrance real estate statistics and analysis for April 2014. Includes home sales, listings, inventory and historical performance on a month-to-month and year-to-year basis.
Market Conditions April 2014 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 Back to Table of Contents = 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% Back to Table of Contents 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 0 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 Back to Table of Contents 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 0 10 20 30 40 50 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 Back to Table of Contents 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 - 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 Back to Table of Contents 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 - 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 Back to Table of Contents 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 - 5 10 15 20 25 30 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 Back to Table of Contents 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% - 20 40 60 80 100 120 140 160 180 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Total Active Listings vs. Total Sales Total Active Listings Total Sales Back to Table of Contents 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 0 50 100 150 200 250 300 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 Back to Table of Contents 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 - 2.0 4.0 6.0 8.0 10.0 12.0 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 Back to Table of Contents 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 - 1.0 2.0 3.0 4.0 5.0 6.0 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? Its 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
Back to Table of Contents 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
Back to Table of Contents 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. Back to Table of Contents