Posts Tagged ‘housing market’

Torrance Real Estate Market Update February 2015

Tuesday, 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.

Redondo Beach Real Estate Market Update February 2015

Tuesday, March 17th, 2015

Overall the Redondo Beach real estate market was quite active in February producing 41 closed escrows.

02-2015   RB sales  M-to-M

Month-over-month the market median sales price held strong losing a marginal 0.6% or $5K in February.

02-2015   RB median sales price  M-to-M

Trending slightly negative, however, is the sales/listing ratio, which dropped 22.8% month-over-month landing at 36.6% in February.

02-2015   RB sales-listings ratio  M-to-M

Last, the months of inventory rose 28.6% to end February indicating a rise in housing availability.

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

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

Manhattan Beach Real Estate Market Update February 2015

Tuesday, March 17th, 2015

The Manhattan Beach real estate market recorded 19 sales in February, which is 9.5% off pace compared to January.

02-2015   MB  sales  M-to-M

However, despite the aforementioned the market median sales price jumped $115K from $1.635M in January to $1.75M in February.

02-2015   MB  median sales price M-to-M

Overall the sales/listing ratio for February was respectable at 33.3% compared to 38.2% produced in January.

02-2015   MB  sales-listings ratio  M-to-M

Finally, the months of inventory ticked up slightly from 2.6 in January to 3.0 in February.

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

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

Hermosa Beach Real Estate Market Update February 2015

Tuesday, March 17th, 2015

During the month of February the Hermosa Beach real estate market produced 9 closed escrows, which is 6 less properties sold compared to January.

02-2015   HB  sales  M-to-M

The month-over-month market median sales price fell from $1.64M in January to $1.45M in February.

02-2015   HB  median sales price  M-to-M

According to the MLS, the sales/listing ratio also fell month-over-over from 55.6% in January to 25% in February.

02-2015   HB  sales-listings ratio

Last, the months of inventory stat jumped 122.22% in February compared to January indicating an increase in housing availability.

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

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

Torrance Real Estate Market Update January 2015

Monday, 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.