Torrance Real Estate Market Update January 2015

February 16th, 2015

The Torrance real estate market ushered in the New Year in respectable fashion by recording 44 closed escrows to the MLS.

01-2015   Torrance  sales  M-to-M

In support of this positive news is the market median sales price, which attained the level of $637.5K for the month.

01-2015   Torrance  median sales M-to-M

However, given active listings relative to total sales it appears the buyers and sellers have work to do increase the sales/listings ratio from its current value of 28.2%.

01-2015   Torrance  sales listing ratio  M-to-M

Though, year-over-year months of inventory bumped quite a bit in January 2015 as compared to January 2014…so this does help to explain the lower sales/listings ratio.

Redondo Beach Real Estate Market Update January 2015

February 16th, 2015

Whoever said the winter-holiday season slows down real estate activity failed to exclude Redondo Beach from the generalization; January numbers reflect 46 closed escrows for the highly coveted beach community.

01-2015   RB sales  M-to-M

Also trending strong is the market median sales price, which according to the MLS ended the month at $815K.

01-2015   RB median sales price  M-to-M

Further reinforcing data in support of stability and growth is the sales/listings ratio, which posted a respectable 47.4% for the month.

01-2015   RB sales-listings ratio  M-to-M

Finally, year-over-year inventory numbers are down which explains to some extent increases in listing prices.

01-2015   RB months of inventory  Y-to-Y

Manhattan Beach Real Estate Market Update January 2015

February 16th, 2015

With 21 properties sold in Manhattan Beach during January the real estate market is setting the stage for what many anticipate to be a strong year for home sales.

01-2015   MB  sales  M-to-M

In support of this argument is the market median sales price, which per MLS data reached $1.635 million this month.

01-2015   MB  median sales price M-to-M

The sales/listings ratio, however, requires some improvement given numbers posted to get this year started came in at 38.2%.

01-2015   Torrance  sales listing ratio  M-to-M

Though, since housing inventory year-over-year has dropped it stands to explain the sales/listings ratio as more reasonable than first thought.

01-2015   MB  months of inventory Y-to-Y

Hermosa Beach Real Estate Market Update January 2015

February 16th, 2015

Real estate activity in Hermosa Beach for January 2015 proved positive as 15 properties closed escrow.

01-2015   HB  sales  M-to-M

Reinforcing this trending data was the market median sales price, which came in at $1.640 million.

01-2015   HB  median sales price  M-to-M

Further review of performance stats for the month showed the sales/listing ratio remained strong at 55.6%.

01-2015   HB  sales-listings ratio

Last, a look at the year-over-year months of inventory reveal the quantity of properties for sale is more scare in January 2015 as compared  to January 2014.

01-2015   HB months of inventory  Y-to-Y

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

Torrance Real Estate Market Update December 2014

January 13th, 2015

With 76 closed escrows for December the Torrance real estate market proved historical holiday trending behavior incorrect – sellers and buyers were very busy!

12-2014   Torrance  sales  M-to-M

Also reassuring was the 4th quarter stats for the market median sales price, which continues to hold steady in the low $600K’s.

12-2014   Torrance  median sales M-to-M

Another positive data point is the sales/listing ratio, which increased from 43.5% in November to 54.7% for December.

12-2014   Torrance  sales listing ratio  M-to-M

Finally, the months of inventory year-over-year analysis reveals a relatively healthy seller/buyer relationship.

12-2014   Torrance  months of inventory  Y-to-Y

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