Torrance Residential Real Estate Market Conditions November 2013
November 2013 Torrace Real Estate Market Trends Update
May 09, 2015
Torrance real estate statistics and analysis for November 2013. Includes homes sales, listings and historical performance on a month to month and year over year basis.
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Torrance Residential Real Estate
Market Conditions November 2013
Table of
Contents
Key Statistics for November
Sales 2013 Residential Sales Stats: Sep - Nov Year-to-Year Total Sales by Map Area: Nov Median 2013 Median Sales Stats: Sep - Nov Year-to-Year Median Sales by Map Area: Nov Listings 2013 Active Listings by Map Area 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Nov Inventory 2013 Months of Inventory by Map Area Year-to-Year Months of Inventory
Outlook for November
About the Mother & Son South Bay Real Estate Team Contact Information
Key Statistics for November
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Oct 2013 Nov 2013 Delta (qty) Delta (%) Increase Decrease
Total Sales 74 67 -7 -9.5%
Median Sales Price 671,000 562,500 (108,500) -16.2%
Median Days to Sell 44 44 0 0.0%
Listings 170 135 -35 -20.6%
Sales/Listing Ratio 43.5% 49.6% 6.1% 14.0%
Inventory Turnover (months) 2.3 2 -0.3 -13.0%
Monthly Comparison Year-to-Year Nov 2012 Nov 2013 Delta Delta Increase Decrease
Total Sales 86 67 -19 -22.1%
Median Sales Price 539,500 562,500 23,000 4.3%
Median Days to Sell 32 44 12 37.5%
Listings 180 135 -45 -25.0%
Inventory Turnover (months) 2.1 2 -0.1 -4.8%
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0
2
4
6
8
10
12
14
16
Sep Oct Nov
2013 Residential Sales Statistics: Sep - Nov
Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance
2013 Residential Sales by Map Area Sep Oct Nov YTD
Central Torrance 16 15 12 43
South East Torrance - West 6 7 7 20
Hollywood Riviera 9 8 8 25
South Torrance 7 8 0 15
Southwood 7 3 5 15
West Torrance 11 10 5 26
N Torrance - West 6 4 7 17
N Torrance - East 9 4 6 19
Old Torrance 12 7 9 28
South East Torrance 6 8 8 22
Total Sales 89 74 67 230
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0
2
4
6
8
10
12
14
16
2011 2012 2013
Total Sales by Map Area: Year-to-Year for November
Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance
Sales by Map Area: Year-to-Year for November 2011 2012 2013
Central Torrance 13 15 12
South East Torrance - West 4 6 7
Hollywood Riviera 6 11 8
South Torrance 7 14 0
Southwood 5 3 5
West Torrance 8 7 5
N Torrance - West 14 14 7
N Torrance - East 5 6 6
Old Torrance 7 6 9
South East Torrance 8 4 8
Total Sales 77 86 67
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-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
Sep Oct Nov
2013 Median Sale Price Statistics: Sep - Nov
Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance
2013 Median Sale Price by Map Area Sep Oct Nov
Central Torrance 574,000 575,000 550,250
South East Torrance - West 428,500 865,000 367,500
Hollywood Riviera 990,000 923,000 925,000
South Torrance 739,000 625,000 -
Southwood 675,000 729,000 760,000
West Torrance 660,000 785,000 721,000
N Torrance - West 460,000 461,813 540,000
N Torrance - East 498,000 530,000 502,500
Old Torrance 539,500 458,000 443,000
South East Torrance 545,000 695,000 665,000
Market Median Sale Price 585,000 671,000 562,500
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100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
2011 2012 2013
Median Sale Price by Map Area: Year-to-Year for November
Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance
Market Median Sale Price
Median Sale Price by Map Area: Year-to-Year for November 2011 2012 2013
Central Torrance 510,000 530,000 550,250
South East Torrance - West 509,500 300,500 367,500
Hollywood Riviera 915,000 879,000 925,000
South Torrance 541,200 694,500 -
Southwood 650,000 685,000 760,000
West Torrance 555,000 649,000 721,000
N Torrance - West 410,000 427,000 540,000
N Torrance - East 445,000 453,500 502,500
Old Torrance 399,000 414,500 443,000
South East Torrance 505,000 436,500 665,000
Market Median Sale Price 520,000 539,500 562,500
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5
10
15
20
25
30
35
40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 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
2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance 24 15 30 28 23 21 31 34 26 24 18
South East Torrance - West 14 11 5 8 10 11 12 15 15 8 11
Hollywood Riviera 18 18 17 21 29 27 22 30 18 23 19
South Torrance 10 13 15 16 15 17 20 18 12 11 12
Southwood 6 9 7 10 9 12 14 9 7 11 4
West Torrance 16 15 9 14 15 14 19 26 17 20 14
N Torrance - West 14 14 13 12 21 28 22 21 22 20 16
N Torrance - East 6 3 5 4 6 11 17 9 5 9 7
Old Torrance 24 25 23 26 29 22 29 34 39 27 28
South East Torrance 14 16 13 20 19 17 23 20 19 17 6
Total Active Listings 146 139 137 159 176 180 209 216 180 170 135
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50
100
150
200
250
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Total Active Listings vs. Total Sales
Total Active Listings Total Sales
2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance 24 15 30 28 23 21 31 34 26 24 18
South East Torrance - West 14 11 5 8 10 11 12 15 15 8 11
Hollywood Riviera 18 18 17 21 29 27 22 30 18 23 19
South Torrance 10 13 15 16 15 17 20 18 12 11 12
Southwood 6 9 7 10 9 12 14 9 7 11 4
West Torrance 16 15 9 14 15 14 19 26 17 20 14
N Torrance - West 14 14 13 12 21 28 22 21 22 20 16
N Torrance - East 6 3 5 4 6 11 17 9 5 9 7
Old Torrance 24 25 23 26 29 22 29 34 39 27 28
South East Torrance 14 16 13 20 19 17 23 20 19 17 6
Total Active Listings 146 139 137 159 176 180 209 216 180 170 135
Total Sales 56 51 90 99 99 89 108 99 89 74 67
Sales/Listings Ratio 38.4% 36.7% 65.7% 62.3% 56.3% 49.4% 51.7% 45.8% 49.4% 43.5% 49.6%
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0
10
20
30
40
50
60
2011 2012 2013
Active Listings by Map Area: Year-to-Year for November
Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance
Active Listings by Map Area: Year-to-Year for November 2011 2012 2013
Central Torrance 51 33 18
South East Torrance - West 29 13 11
Hollywood Riviera 24 15 19
South Torrance 15 17 12
Southwood 11 6 4
West Torrance 12 23 14
N Torrance - West 46 21 16
N Torrance - East 20 12 7
Old Torrance 36 21 28
South East Torrance 22 19 6
Total Active Listings 266 180 135
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2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Months of Inventory by Map Area
Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance
2013 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance 2.4 1.7 2.1 1.3 1.2 1.3 2.8 2.4 1.6 1.6 1.5
South East Torrance - West 2.0 2.2 0.5 0.8 0.8 5.5 1.7 7.5 2.5 1.1 1.6
Hollywood Riviera 3.0 1.8 1.2 3.5 3.6 1.4 1.3 3.0 2.0 2.9 2.4
South Torrance 2.0 3.3 2.5 1.8 2.5 2.1 1.4 1.1 1.7 1.4 -
Southwood 2.0 4.5 1.4 1.7 1.8 2.0 4.7 1.3 1.0 3.7 0.8
West Torrance 1.6 2.5 0.9 0.9 2.1 2.0 1.6 3.7 1.6 2.0 2.8
N Torrance - West 2.8 1.8 1.2 0.9 1.8 4.7 1.3 1.4 3.7 5.0 2.3
N Torrance - East 6.0 1.5 0.6 0.8 3.0 2.2 8.5 0.8 0.6 2.3 1.2
Old Torrance 6.0 6.3 4.6 3.7 1.6 1.6 2.1 6.8 3.3 3.9 3.1
South East Torrance 2.8 16.0 1.9 3.3 2.1 2.8 2.1 1.8 3.2 2.1 0.8
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1.0
2.0
3.0
4.0
5.0
6.0
7.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory: Year-to-Year
2011
2012
2013
Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 5.3 6.1 4.5 4.2 5.4 3.6 5.9 4.8 4.4 4.4 3.5 3.5
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
Outlook for November Residential real estate data for Torrance during November 2013 reveals market activity is trending
downward relative to the month previous. Asides from improvements in the sales/listings ratio and
months of inventory turnover, decreases in performance measurements for total sales, median sales
price, median days to sell, and listing were recorded. However, despite this information there is no reason
to be concerned as real estate market activity typically slows during the holiday season, historically
speaking. On the bright side, the median sales price in 2013 versus 2012 climb 4.3% or $23K.
The forecast for December is not unlike November in that overall market performance is expected to
produce similar results. With this in mind, here are a couple of things to remember: 1) Buyers, mortgage
interest rates remain at historically low levels but may be going up soon once the Fed begins QE tapering,
and 2) Sellers, as the quantity of listings decline so does the competition.
With this in mind, the recap is…
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Month-to-Month Comparison Oct 2013 Nov 2013 Delta (qty) Delta (%) Increase Decrease
Total Sales 74 67 -7 -9.5%
Median Sales Price 671,000 562,500 (108,500) -16.2%
Median Days to Sell 44 44 0 0.0%
Listings 170 135 -35 -20.6%
Sales/Listing Ratio 43.5% 49.6% 6.1% 14.0%
Inventory Turnover (months) 2.3 2 -0.3 -13.0%
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.
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/
Hady Chahine [email protected]
310-404-5361
Hassana Chahine [email protected]
310-756-8949
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