Torrance Real Estate Market Update March 2015

April 18th, 2015

The Torrance real estate market produced a respectable 17.9% improvement in total sales for the month of March.

03-2015   Torrance  sales M-to-M

The market median sales price increased $10K month-over-month from $610K to $620K.

03-2015   Torrance  median sales M-to-M

Also a double-digit gainer, the sales/listing ratio closed out March with a 22.2% improvement to end at 50% overall.

03-2015   Torrance  sales listing ratio  M-to-M

Last, an analysis of the months of inventory data point reveals positive trending behavior so far in 2015.

03-2015   Torrance  months of inventory  Y-to-Y

To get the complete Torrance market report for March please contact Hady at or click here to submit a request.

Redondo Beach Real Estate Market Update March 2015

April 18th, 2015

March was a totally awesome month for Redondo Beach real estate investing!  All major indicators were positive and total sales increased 97.6%

03-2015   RB sales  M-to-M

The market median sales price jumped 8% to post a $65K increase month-over-month.

03-2015   RB median sales price  M-to-M

Another double-digit gainer was the sales/listing ratio, which climbed 86.1% to end March at 68.1%.

03-2015   RB sales-listings ratio  M-to-M

Finally, the year-over-year months of inventory data point reveals a 21+% drop in active listings.

03-2015   RB months of inventory  Y-to-Y

To get the complete Redondo Beach market report for March please contact Hady at  or click here to submit a request.

Manhattan Beach Real Estate Market Update March 2015

April 18th, 2015

The Manhattan Beach real estate market demonstrated renewed interest in buying/selling activities during March as total sales jumped 78.9%.

03-2015   MB  sales  M-to-M

Trending slightly negative, however, was the market median sales price, which dropped just over 3%.

03-2015   MB  median sales price M-to-M

Regardless, the sales/listing ratio increased to 32.7% month-over-month to close out March at 44.2% overall.

03-2015   MB  sales-listings ratio  M-to-M

Finally, reviewing months of inventory year-over-year reveals the market is about par with 2014 stats.

03-2015   MB  months of inventory Y-to-Y

To get the complete Manhattan Beach market report for March please contact Hady at  or click here to submit a request.

Hermosa Beach Real Estate Market Update March 2015

April 18th, 2015

March was yet another promising month for the Hermosa Beach real estate market as total sales increased by more than 122%.

03-2015   HB  sales  M-to-M

Unfortunately, however, the market median sales price did drop by approximately 9%, but this change was largely due to activities associated with the HB Sands district.

03-2015   HB  median sales price  M-to-M

The market sales/listing ratio was an encouraging data point as it improved 110.4% month-over-month.

03-2015   HB  sales-listings ratio

Finally, an analysis of the months of inventory year-over-year reveals positive trending behavior continues in 2015 when compared to 2014.

03-2015   HB months of inventory  Y-to-Y

Torrance Real Estate Market Update February 2015

March 17th, 2015

February was a big month for homes sales in Torrance with 67 properties changing hands, an increase of 52.3% month-over-month.

02-2015   Torrance  sales M-to-M

Despite a marginal 4.3% decline in the market median sales price Torrance closed out the month at $610K.

02-2015   Torrance  median sales M-to-M

Not surprisingly, given total sales for the month, the sales/listing ratio climbed 45% month-over-month to end February at 40.9%.

02-2015   Torrance  sales listing ratio  M-to-M

 

Finally, the months of inventory dropped by 30.6% indicating less properties available to purchase ending February.

02-2015   Torrance  months of inventory  Y-to-Y

To get the complete Torrance market report for February please contact Hady at or click here to submit a request.