Torrance real estate statistics and analysis for January 2014. Includes homes sales, listings and historical performance on a month to month and year over year basis.
2. 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
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 February
About the Mother & Son South Bay Real Estate Team
Contact Information
3. Key Statistics for January
Monthly Comparison Year-to-Year
Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory
Jan 2013
56
570,000
50
147
2.6
Jan 2014
60
608,500
45
119
2
Delta
4
38,500
-5
-28
-0.6
Delta
7.1%
6.8%
-10.0%
-19.0%
-23.1%
Increase
Decrease
= trending positive
= trending negative
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= trending positive
= trending negative
4. 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
2014 Residential Sales Statistics: January
12
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
10
8
6
4
2
0
Jan
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5. Sales by Map Area: Year-to-Year for 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
Total Sales
2012
10
6
9
7
2
2
13
5
6
7
67
2013
10
7
6
5
3
10
5
1
4
5
56
2014
8
7
6
4
4
9
11
1
9
1
60
Total Sales by Map Area: Year-to-Year for January
14
12
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
10
8
6
4
2
0
2012
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2013
2014
6. 2014 Median Sale Price by Map Area
Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Jan
608,500
710,000
1,088,500
881,250
657,500
815,000
532,000
370,000
Old Torrance
475,000
South East Torrance - East
533,000
Market Median Sale Price
608,500
2014 Median Sale Price Statistics: January
1,200,000
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
1,000,000
800,000
600,000
400,000
200,000
Jan
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7. Median Sale Price by Map Area: Year-to-Year for January
2012
Central Torrance
397,500
South East Torrance - West
528,500
Hollywood Riviera
1,015,000
South Torrance
540,000
Southwood
629,000
West Torrance
625,000
N Torrance - West
450,000
N Torrance - East
415,500
Old Torrance
327,500
South East Torrance - East
570,000
Market Median Sale Price
480,000
2013
560,000
450,000
882,000
565,000
629,000
633,700
475,000
570,000
455,000
570,000
570,000
2014
608,500
710,000
1,088,500
881,250
657,500
815,000
532,000
370,000
475,000
533,000
608,500
Median Sale Price by Map Area: Year-to-Year for January
1,200,000
1,000,000
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 Sale Price
800,000
600,000
400,000
200,000
2012
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2013
2014
8. 2014 Active Listings by Map Area
20
18
16
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
14
12
10
8
6
4
2
Jan
Feb
Mar
Apr
2014 Active Listings/Total Sales by Map Area
Jan
Feb
Mar
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
17
9
14
8
4
10
20
7
18
12
119
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May
Apr
Jun
May
Jul
Jun
Aug
Jul
Sep
Aug
Oct
Sep
Nov
Oct
Dec
Nov
Dec
9. 2014 Total Active Listings vs. Total Sales
120
100
80
60
Total Active Listings
Total Sales
40
20
Jan
2014 Active Listings/Total Sales by Map Area
Feb
Jan
Central Torrance
17
South East Torrance - West
9
Hollywood Riviera
14
South Torrance
8
Southwood
4
West Torrance
10
N Torrance - West
20
N Torrance - East
7
Old Torrance
18
South East Torrance - East
12
Total Active Listings
119
Total Sales
60
Sales/Listings Ratio 50.4%
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Mar
Feb
Apr
Mar
May
Apr
Jun
Jul
May
Jun
Aug
Jul
Sep
Aug
Oct
Sep
Nov
Dec
Oct
Nov
Dec
10. Active Listings by Map Area: Year-to-Year for 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
Total Active Listings
2012
57
23
16
16
9
13
36
22
35
18
245
2013
25
14
18
10
6
16
14
6
24
14
147
2014
17
9
14
8
4
10
20
7
18
12
119
Active Listings by Map Area: Year-to-Year for January
60
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
50
40
30
20
10
0
2012
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2013
2014
11. 2014 Months of Inventory by Map Area
12.0
10.0
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
8.0
6.0
4.0
2.0
Jan
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
Jan
2.1
1.3
2.3
2.0
1.0
1.1
1.8
7.0
2.0
12.0
Feb
Feb
Mar
Mar
Apr
Apr
May
May
Jun
Jun
Jul
Aug
Jul
Sep
Aug
Oct
Sep
Nov
Oct
Dec
Nov
Dec
12. Months of Inventory: Year-to-Year
6.0
5.0
4.0
3.0
2012
2013
2014
2.0
1.0
Jan
Feb
Months of Inventory: Year-to-Year
2012
2013
2014
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Mar
Apr
Jan
3.7
2.6
2.0
May
Feb
5.4
2.7
Mar
3.2
1.5
Jun
Apr
3.3
1.6
Jul
May
3.0
1.8
Aug
Jun
3.0
2.0
Sep
Jul
2.7
1.9
Oct
Aug
2.8
2.2
Sep
2.4
2.0
Nov
Oct
2.1
2.3
Dec
Nov
2.1
2.0
Dec
1.8
1.0
13. 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
Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory
Back to Table of Contents
Jan 2013
56
570,000
50
147
2.6
Jan 2014
60
608,500
45
119
2
Delta
4
38,500
-5
-28
-0.6
Delta
7.1%
6.8%
-10.0%
-19.0%
-23.1%
Increase
Decrease
14. 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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15. Hassana Chahine
hassana@hhcrealestate.com
310-756-8949
Hady Chahine
hady@hhcrealestate.com
310-404-5361
Website: http://HHCRealEstate.com
Listings: http://HHCRealEstate.com/featured-south-bay-homes
MLS:
http://HHCRealEstate.com/south-bay-mls-real-estate-listings
Blog:
http://HHCRealEstate.com/real-estate-news/
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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