Torrance Real Estate Market Update August 2014

September 9th, 2014

Nearing the triple digit mark, the Torrance real estate market posted a respectable 98 sales in August.

08-2014   Torrance  sales  M-to-M

As expected, the market median sales price remained strong with a $661K figure recorded for the month.

08-2014   Torrance  median sales M-to-M

Trending about average with last month the sales/listing ratio for August was 48%.

08-2014   Torrance  sales listing ratio  M-to-M

Finally, an inventory comparison for August 2013 to 2014 shows a fairly steady 2.2-2.1 months of property supply.

07-2014   MB  months of inventory Y-to-Y

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

Redondo Beach Real Estate Market Update August 2014

September 9th, 2014

Total average sales activity in Redondo Beach over the last 3 months is 75.67 with 73 successfully closed escrows recorded in August.

08-2014   RB sales  M-to-M

Also trending fairly average over the last 3 months is the market median sales price with $808K posted for August.

08-2014   RB median sales price  M-to-M

According to MLS data, it appears listings are up while sales remain steady as the sales/listing ratio decreased a few percentage points to 44.5%.

08-2014   RB sales-listings ratio  M-to-M

The previous assertion is further supported the year-over-year months of inventory stat, which reveals inventory is up from 2.0 in 2013 to 2.3 in 2014.

Manhattan Beach Real Estate Market Update August 2014

September 9th, 2014

According to the MLS, real estates sales activity in Manhattan Beach during August increased by about 8.3%.

08-2014   MB  sales  M-to-M

The trending average market median sales price for the last 3 months is $1,910,000, with August posting a respectable $1,900,000 figure.

08-2014   MB  median sales price M-to-M

To no surprise the sales/listing ratio also improved from 46.2% in July to 51.3% in August.

08-2014   MB  sales-listings ratio  M-to-M

Last, the year-over-year months of inventory for August remained steady at 2.0.

08-2014   MB  months of inventory Y-to-Y

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

Hermosa Beach Real Estate Market Update August 2014

September 9th, 2014

Trending inline with July stats, the Hermosa Beach real estate market produced 17 closed escrows in August.

08-2014   HB  sales  M-to-M

Among other notable improvements, the market median sales priced increased by $430.5K or 43.07%.

08-2014   HB  median sales price  M-to-M

August also revealed buyer and seller activity increased as evidence of the sales/listing ratio, which improved 3.3%.

08-2014   HB  sales-listings ratio

Finally, it appears more home owners are interested in selling their properties as the year-to-year months of inventory comparison for August shows a bump from 1.6 in 2013 to 2.1 in 2014.

08-2014   HB months of inventory  Y-to-Y

Torrance Real Estate Market Update July 2014

August 8th, 2014

The Torrance real estate market heated up in July with 106 properties sold! Compared to last month, this stat represents a 45.2% improvement in buyer-seller negotiations.

07-2014   Torrance  sales  M-to-M

The market median sales price did, however, drop by about 6.4% relative to the figure recorded in June, which was $659K.

07-2014   Torrance  median sales M-to-M

Still, with all this activity it is reasonable to understand why the sales/listing ratio increased by more than 44% month-over-month.

07-2014   Torrance  sales listing ratio  M-to-M

Finally, a review of the year-over-year months of inventory data shows a slight increase in available properties in July 2014 when compared to July 2013.