Torrance

Residential Real Estate Market Conditions

September 2013

Key Statistics For September Sales 2013 Residential Sales Stats: July Sept Graph 2013 Residential Sales Stats: July Sept Data Year-to-Year Total Sales by Map Area: Sept Graph Year-to-Year Total Sales by Map Area: Sept Data Median 2013 Median Sales Stats: July Sept Graph 2013 Median Sales Stats: July Sept Data Year-to-Year Median Sales by Map Area: Sept Graph Year-to-Year Median Sales by Map Area: Sept Data

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

Graph Data Sept Graph Sept Data

Inventory 2013 Months of Inventory by Map Area Graph 2013 Months of Inventory by Map Area Data Year-to-Year Months of Inventory Graph Year-to-Year Months of Inventory Data Outlook For October About The Mother & Son South Bay Real Estate Team Contact Information

Key Statistics for September

Total Home Sales: 89 Median Sales Price Up $55K Median Days to Sell: 34 Current Active Listings: 180 Inventory Turnover: 2.0 Months Sales/Listing Ratio: 49.4% 20.3% from September 2012 10.4% from September 2012 19.1% from September 2012 16.7% from August 2013 16.2% from September 2012

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2013 Residential Sales Statistics: July - Sept

18 16 14 12 10 8 6 4 2 0 Central Torrance South East Hollywood Torrance Riviera West South Torrance Southwood West Torrance N Torrance N Torrance - West - East Old South East Torrance Torrance

Sept Aug July

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* See next slide for supportive data

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

Sept 16 6 9 7 7 11 6 9 12 6 89

Aug 14 2 10 17 7 7 15 11 5 11 99

July 11 7 17 14 3 12 17 2 14 11 108

YTD 41 15 36 38 17 30 38 22 31 28 296

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

16 14 12 10 8 6 4 2 0 Central Torrance South East Hollywood Torrance Riviera West South Southwood West N Torrance N Torrance Old South East Torrance Torrance - West - East Torrance Torrance 2013 2012 2011

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* See next slide for supportive data

Sales by Map Area: Year-to-Year for September 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

2013 16 6 9 7 7 11 6 9 12 6 89

2012 9 10 9 5 9 6 9 7 7 3 74

2011 9 10 9 5 9 6 9 7 7 3 74

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2013 Median Sales Statistics: July - Sept

1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 Sept Aug July

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* See next slide for supportive data

2013 Median 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 Market Medians

Sept 574,000 428,500 990,000 739,000 675,000 660,000 460,000 498,000 539,500 545,000 585,000

Aug 631,000 321,250 892,000 740,000 625,000 730,000 500,000 512,000 455,000 629,000 619,000

July 505,000 739,000 937,000 785,500 729,000 702,500 508,000 630,500 524,500 645,000 667,500

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Median Sales Price by Map Area: Year-to-Year for September

1,200,000 1,000,000 800,000 600,000 400,000 200,000 2013 2012 2011

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* See next slide for supportive data

Median Sales Price by Map Area: Year-to-Year for September 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 Market Sales Medians

2013 574,000 428,500 990,000 739,000 675,000 660,000 460,000 498,000 539,500 545,000 585,000

2012 543,750 455,000 1,147,000 775,000 605,000 615,000 429,500 470,000 425,000 610,000 530,000

2011 589,900 479,500 760,000 749,000 570,000 642,525 403,000 427,000 345,000 640,000 529,950

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2013 Active Listings by Map Area

40 35 30 25 20 15 10 5 Central Torrance South East Torrance West Hollywood Riviera South Torrance Southwood West Torrance N Torrance N Torrance - West - East Old Torrance South East Torrance

Jan Feb Mar Apr May Jun Jul Aug Sep

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* See next slide for supportive data

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 South East Torrance - West 14 11 5 8 10 11 12 15 15 Hollywood Riviera 18 18 17 21 29 27 22 30 18 South Torrance 10 13 15 16 15 17 20 18 12 Southwood 6 9 7 10 9 12 14 9 7 West Torrance 16 15 9 14 15 14 19 26 17 N Torrance - West 14 14 13 12 21 28 22 21 22 N Torrance - East 6 3 5 4 6 11 17 9 5 Old Torrance 24 25 23 26 29 22 29 34 39 South East Torrance 14 16 13 20 19 17 23 20 19 Total Active Listings 146 139 137 159 176 180 209 216 180 Total Sales 56 51 90 99 99 89 108 99 89 Sales/Listings Ratio 38.4% 36.7% 65.7% 62.3% 56.3% 49.4% 51.7% 45.8% 49.4%

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2013 Total Active Listings vs. Total Sales

250

200

150 Total Active Listings Total Sales 100

50

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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* See next slide for supportive data

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 South East Torrance - West 14 11 5 8 10 11 12 15 15 Hollywood Riviera 18 18 17 21 29 27 22 30 18 South Torrance 10 13 15 16 15 17 20 18 12 Southwood 6 9 7 10 9 12 14 9 7 West Torrance 16 15 9 14 15 14 19 26 17 N Torrance - West 14 14 13 12 21 28 22 21 22 N Torrance - East 6 3 5 4 6 11 17 9 5 Old Torrance 24 25 23 26 29 22 29 34 39 South East Torrance 14 16 13 20 19 17 23 20 19 Total Active Listings 146 139 137 159 176 180 209 216 180 Total Sales 56 51 90 99 99 89 108 99 89 Sales/Listings Ratio 38.4% 36.7% 65.7% 62.3% 56.3% 49.4% 51.7% 45.8% 49.4%

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

60

50

40 2013 30 2012 2011 20

10

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

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* See next slide for supportive data

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

2013 26 15 18 12 7 17 22 5 39 19 180

2012 26 15 18 12 7 17 22 5 39 19 180

2011 60 33 40 25 14 15 47 19 41 33 327

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2013 Months of Inventory by Map Area

16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 Jan Feb Mar Apr May Jun Jul Aug Sep 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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* See next slide for supportive data

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

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

Nov

Dec

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Months of Inventory: Year-to-Year

7.0

6.0

5.0

4.0

2013 2012 2011

3.0

2.0

1.0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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* See next slide for supportive data

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

Jan 2.6 3.7 5.3

Feb Mar 2.7 1.5 5.4 3.2 6.1 4.5

Apr May 1.6 1.8 3.3 3.0 4.2 5.4

Jun 2.0 3.0 3.6

Jul Aug 1.9 2.2 2.7 2.8 5.9 4.8

Sep 2.0 2.4 4.4

Oct 2.1 4.4

Nov 2.1 3.5

Dec 1.8 3.5

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Outlook for October

Based on historical trends, it is expected that the supply of properties for sale in October will increase as buyer activity decreases. This normally occurs this time of year because people are focusing their attentions elsewhere, such as children returning to school and preparing for the holiday season. Since mortgage interest rates remain relatively low, however, it is anticipated that buyer activity will remain strong throughout October, and perhaps even thru the end of 2013. With this in mind supply increasing and buyers aggressively shopping Q4 of 2013 might prove very active! Thus, it is reasonable to conclude that sellers should negotiate strong purchase offers with reasonable terms. Buyers, on the other hand, should shop all available listings as supply is likely to increase in volume making possible many acceptable alternatives to choose from. Keep in mind Residential home sales increased 20+% from September 2012 to 2013 Median sales price increased $55K from September 2012 to 2013 Median days to sell decreased 19+% from September 2012 to 2013 Months of inventory is improving with declines seen throughout 2013 relative to 2012 Active listings in September 2013 totaled 180, which is down 16.7% from August And, the sales/listing ratio remains stable at 49.4%
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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/

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.

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