Manhattan Beach Real Estate Market Update March 2014

April 7th, 2014

MLS data shows a huge increase in the total number of homes sold in Manhattan Beach during the month of March.

03-2014   MB  sales  M-to-M

Even the year-over-year median sales price trended positive by almost 11% or, in dollar figures, by approximately $165K.

03-2014   MB  median sales price Y-to-Y

Also, evidence indicates despite a surge in new listings the sales/listing ratio continues to improve. This month it was 45.2%.

03-2014   MB  sales-listings ratio  M-to-M

Last, the year-over-year months of inventory analysis reveals a slight bump compared to 2013, but again the rise in total listings explains this movement.

03-2014   MB  months of inventory Y-to-Y

Redondo Beach Real Estate Market Update March 2014

April 7th, 2014

Total sales for the Redondo Beach real estate market nearly doubled in March with 79 closed escrows reported.

03-2014   RB sales  M-to-M

Even the year-over-year median sales price saw in increase of 17.3% or $111,850K.

03-2014   RB median sales price  Y-to-Y

Of course, all this encouraging news wouldn’t be complete without mentioning a surge in new listings in 2014 compared to this time last year.

03-2014   RB active listings  Y-to-Y

Finally, the year-over-year months of inventory data shows properties continue to move at the same pace in March of 2014 of they did in March of 2013.

03-2014   RB months of inventory  Y-to-Y

Torrance Real Estate Market Update March 2014

April 7th, 2014

Sales activity for the Torrance real estate market picked up in March by 14 sales, an increase of approximately 22%.

03-2014   Torrance  sales  M-to-M

Another positive trending stat is the year-over-year median sales price, which climbed to $592,500 from $564,250 in 2013.

03-2014   Torrance  median sales Y-to-Y

Of course, I have to mention the sales/listing ratio remained above 50% for the 3rd straight month.

03-2014   Torrance  sales listing ratio  M-to-M

Last, there was an increase in the year-to-year months of inventory for March, but this is largely explained by a recent surge in new listings.

03-2014   Torrance  months of inventory  Y-to-Y

Hermosa Beach Real Estate Market Update March 2014

April 7th, 2014

Although Hermosa Beach real estate sales activity for the month of March dropped slightly compared to February, overall the first quarter of 2014 produced an average of 12 closed escrows per month.

03-2014   HB  sales  M-to-M

Despite the median sales price declining in March compared to the previous month, this most recent data is still $200K aboveĀ  trending stats recorded for January.

03-2014   HB  median sales price  M-to-M

The sales/listing ratio also saw a dip in the ratio recorded, but this is mostly attributable to a 30+% increase in new listings.

03-2014   HB  sales-listings ratio

Torrance Real Estate Market Update February 2014

March 10th, 2014

The Torrance real estate market produced 63 sales in February, which is a 5% increase from the month previous.

02-2014   Torrance  sales

The year-over-year median sales price also improved by almost 3%, or from $575K in Feb 2013 to $591K in Feb 2014.

02-2014   Torrance  median sales year-to-year

Another positive data point is the sales/listings ratio, which increased from 50.4% in January to 51.2% in February.

02-2014   Torrance  sales listing ratio

Last, the year-over-year months of inventory analysis reveals listings are selling faster in Feb 2013 compared to Feb 2014.

02-2014   Torrance  months of inventory

To get the complete Torrance market report for February please contact Hady at 310-404-5361 or click here to submit a request.