Torrance

Residential Real Estate Market Conditions

December 2013

Key Statistics for December Sales 2013 Residential Sales Stats: Oct - Dec Year-to-Year Total Sales by Map Area: Dec Median 2013 Median Sales Stats: Oct - Dec Year-to-Year Median Sales by Map Area: Dec

Table of Contents

Listings 2013 Active Listings by Map Area 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Dec

Inventory 2013 Months of Inventory by Map Area Year-to-Year Months of Inventory

Outlook for January

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

Key Statistics for December

Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover (months) Nov 2013 67 562,500 44 135 49.6% 2.0 Dec 2013 96 621,000 40 100 96.0% 1 Delta (qty) 29 58,500 -4 -35 46.4% -1.0 Delta (%) 43.3% 10.4% -9.1% -25.9% 93.5% -50.0% Increase Decrease

Monthly Comparison Year-to-Year Total Sales Median Sales Price Median Days to Sell Listings Inventory Turnover (months)

Dec 2012 79 535,000 32 139 1.8

Dec 2013 96 621,000 40 100 1

Delta 17 86,000 8 -39 -0.8

Delta 21.5% 16.1% 25.0% -28.1% -44.4%

Increase

Decrease

= trending positive = trending negative

= trending positive = trending negative

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2013 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 Total Sales

Oct 15 7 8 8 3 10 4 4 7 8 74

Nov 12 7 8 0 5 5 7 6 9 8 67

Dec 15 10 15 7 6 6 9 7 14 7 96

YTD 42 24 31 15 14 21 20 17 30 23 237

2013 Residential Sales Statistics: Oct - Dec

16
14 12 10 8 6 4 2 0 Oct Nov Dec Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance

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Sales by Map Area: Year-to-Year for December Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance Total Sales

2011 10 3 10 8 6 5 9 4 6 3 64

2012 12 6 7 5 2 8 15 7 8 9 79

2013 15 10 15 7 6 6 9 7 14 7 96

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

16 14 12 10 8 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance

6
4 2 0 2011 2012 2013

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2013 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 Old Torrance South East Torrance Market Median Sale Price

Oct 575,000 865,000 923,000 625,000 729,000 785,000 461,813 530,000 458,000 695,000 671,000

Nov 550,250 367,500 925,000 760,000 721,000 540,000 502,500 443,000 665,000 562,500

Dec 520,000 487,375 919,000 809,000 751,500 663,500 524,000 575,000 507,500 670,000 621,000

2013 Median Sale Price Statistics: Oct - Dec

1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 Oct Nov Dec Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance

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Median Sale Price by Map Area: Year-to-Year for December 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

2011 439,750 310,000 887,500 634,750 624,500 712,000 420,000 454,000 451,000 462,500 528,500

2012 602,500 432,500 785,700 700,000 611,500 605,000 435,000 405,000 474,500 595,000 535,000

2013 520,000 487,375 919,000 809,000 751,500 663,500 524,000 575,000 507,500 670,000 621,000

Median Sale Price by Map Area: Year-to-Year for December

1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance Market Median Sale Price

300,000
200,000 100,000 2011 2012 2013

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2013 Active Listings by Map Area

40 35 30 25 Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance 20 15 10 5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 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 Total Active Listings
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Jan 24 14 18 10 6 16 14 6 24 14 146

Feb 15 11 18 13 9 15 14 3 25 16 139

Mar 30 5 17 15 7 9 13 5 23 13 137

Apr 28 8 21 16 10 14 12 4 26 20 159

May 23 10 29 15 9 15 21 6 29 19 176

Jun 21 11 27 17 12 14 28 11 22 17 180

Jul 31 12 22 20 14 19 22 17 29 23 209

Aug 34 15 30 18 9 26 21 9 34 20 216

Sep 26 15 18 12 7 17 22 5 39 19 180

Oct 24 8 23 11 11 20 20 9 27 17 170

Nov 18 11 19 12 4 14 16 7 28 6 135

Dec 10 5 12 12 5 8 13 4 21 10 100

2013 Total Active Listings vs. Total Sales

250 200

150
100 Total Active Listings Total Sales 50 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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 10 South East Torrance - West 14 11 5 8 10 11 12 15 15 8 11 5 Hollywood Riviera 18 18 17 21 29 27 22 30 18 23 19 12 South Torrance 10 13 15 16 15 17 20 18 12 11 12 12 Southwood 6 9 7 10 9 12 14 9 7 11 4 5 West Torrance 16 15 9 14 15 14 19 26 17 20 14 8 N Torrance - West 14 14 13 12 21 28 22 21 22 20 16 13 N Torrance - East 6 3 5 4 6 11 17 9 5 9 7 4 Old Torrance 24 25 23 26 29 22 29 34 39 27 28 21 South East Torrance 14 16 13 20 19 17 23 20 19 17 6 10 Total Active Listings 146 139 137 159 176 180 209 216 180 170 135 100 Total Sales 56 51 90 99 99 89 108 99 89 74 67 96 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% 96.0%
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Active Listings by Map Area: Year-to-Year for December Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance Total Active Listings

2011 53 23 14 11 9 7 40 20 31 16 224

2012 23 13 16 7 3 20 14 5 21 17 139

2013 10 5 12 12 5 8 13 4 21 10 100

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

60 50

40
30 20 10 0 2011 2012 2013

Central Torrance South East Torrance - West Hollywood Riviera South Torrance Southwood West Torrance N Torrance - West N Torrance - East Old Torrance South East Torrance

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2013 Months of Inventory by Map Area

16.0 14.0

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 8.0 6.0 4.0 2.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 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
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Jan 2.4 2.0 3.0 2.0 2.0 1.6 2.8 6.0 6.0 2.8

Feb 1.7 2.2 1.8 3.3 4.5 2.5 1.8 1.5 6.3 16.0

Mar 2.1 0.5 1.2 2.5 1.4 0.9 1.2 0.6 4.6 1.9

Apr 1.3 0.8 3.5 1.8 1.7 0.9 0.9 0.8 3.7 3.3

May 1.2 0.8 3.6 2.5 1.8 2.1 1.8 3.0 1.6 2.1

Jun 1.3 5.5 1.4 2.1 2.0 2.0 4.7 2.2 1.6 2.8

Jul 2.8 1.7 1.3 1.4 4.7 1.6 1.3 8.5 2.1 2.1

Aug 2.4 7.5 3.0 1.1 1.3 3.7 1.4 0.8 6.8 1.8

Sep 1.6 2.5 2.0 1.7 1.0 1.6 3.7 0.6 3.3 3.2

Oct 1.6 1.1 2.9 1.4 3.7 2.0 5.0 2.3 3.9 2.1

Nov 1.5 1.6 2.4 0.8 2.8 2.3 1.2 3.1 0.8

Dec 0.7 0.5 0.8 1.7 0.8 1.3 1.4 0.6 1.5 1.4

Months of Inventory: Year-to-Year

7.0 6.0 5.0 4.0 3.0 2.0 1.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 2012 2013

Months of Inventory: Year-to-Year 2011 2012 2013

Jan 5.3 3.7 2.6

Feb 6.1 5.4 2.7

Mar 4.5 3.2 1.5

Apr 4.2 3.3 1.6

May 5.4 3.0 1.8

Jun 3.6 3.0 2.0

Jul 5.9 2.7 1.9

Aug 4.8 2.8 2.2

Sep 4.4 2.4 2.0

Oct 4.4 2.1 2.3

Nov 3.5 2.1 2.0

Dec 3.5 1.8 1.0

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Outlook for January

Overall residential real estate stats for December compared to November turned out to exceed market expectations with total sales, median sales price, median days to sell, sales/listing ratio and inventory turnover trending positive. In fact, the only sluggish data statistic was the marginal decrease in the amount of available listings during the month. With this in mind, January 2014 is a new start for everyone looking to buy or sell real estate. Opportunities are abundant and the cost to borrow remains extremely low, historically speaking. For questions or a free property listing presentation, please give me a call.

Your recap is
Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover (months) Nov 2013 67 562,500 44 135 49.6% 2.0 Dec 2013 96 621,000 40 100 96.0% 1 Delta (qty) 29 58,500 -4 -35 46.4% -1.0 Delta (%) 43.3% 10.4% -9.1% -25.9% 93.5% -50.0% Increase Decrease

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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

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/

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