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Torrance
Residential Real Estate
Market Conditions
January 2014
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
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

Back to Table of Contents

= trending positive
= trending negative
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

Back to Table of Contents
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

Back to Table of Contents

2013

2014
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

Back to Table of Contents
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

Back to Table of Contents

2013

2014
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

Back to Table of Contents

May

Apr

Jun

May

Jul

Jun

Aug

Jul

Sep

Aug

Oct

Sep

Nov

Oct

Dec

Nov

Dec
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%
Back to Table of Contents

Mar

Feb

Apr

Mar

May

Apr

Jun

Jul

May

Jun

Aug

Jul

Sep

Aug

Oct

Sep

Nov

Dec

Oct

Nov

Dec
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

Back to Table of Contents

2013

2014
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
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
Back to Table of Contents

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
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
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
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.

Back to Table of Contents

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January 2014 Torrance Real Estate Market Trends Update

  • 1. Torrance Residential Real Estate Market Conditions January 2014
  • 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 Back to Table of Contents = 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 Back to Table of Contents
  • 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 Back to Table of Contents 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 Back to Table of Contents
  • 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 Back to Table of Contents 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 Back to Table of Contents 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% Back to Table of Contents 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 Back to Table of Contents 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 Back to Table of Contents 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 Back to Table of Contents
  • 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. Back to Table of Contents