Posts Tagged ‘housing market’

Torrance Real Estate Market Update July 2014

Friday, 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.

Redondo Beach Real Estate Market Update July 2014

Friday, August 8th, 2014

Residential sales activity in Redondo Beach was on fire in July with a total of 90 properties sold, which represents a 40.6% improvement over last month.

07-2014   RB sales  M-to-M

Also trending positive was the market median sales price, which increased by $42,950 or 5.24% in July relative to June.

07-2014   RB median sales price  M-to-M

Another stat worthy of mentioning is the sales/listing ratio, which ticked up from 47.8% in June to 50.8% in July.

07-2014   RB sales-listings ratio  M-to-M

Last, there was little change in the year-over-year inventory numbers with July 2014 slightly higher compared to July 2013.

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

Manhattan Beach Real Estate Market Update July 2014

Friday, August 8th, 2014

Data analysis reveals 36 residential properties sold in Manhattan Beach during the month of July, which brings the yearly total to 236.

07-2014   MB  sales  M-to-M

Of course, with all this activity nobody should be surprised to learn that the market median sales price improved by $25K in July with respect to June.

07-2014   MB  median sales price M-to-M

Despite the aforementioned, however, the sales/listing ratio dropped a few percentage points to 46.2%, which by most accounts is still a favorable conversion rate.

07-2014   MB  sales-listings ratio  M-to-M

Finally, a comparison of July 2013 & 2014 inventory numbers shows listings are trending almost equal; very little change in supply although demand is arguably much stronger this year.

Hermosa Beach Real Estate Market Update July 2014

Friday, August 8th, 2014

According to the MLS, sales activity for Hermosa Beach during the month of July revealed 18 successfully closed escrows.

07-2014   HB  sales  M-to-M

Although the market median sales price trended slightly off pace with respect to June, coming in at $999,500 in July, which is a difference of about $100K, overall values appear resilient to too much adverse change.

07-2014   HB  median sales price  M-to-M

There was, however, a 4.3% improvement in the sales/listing ratio on a month-to-month basis, reflecting buyers remained actively engaged in making offers to purchase throughout July.

07-2014   HB  sales-listings ratio

Torrance Real Estate Market Update June 2014

Friday, July 18th, 2014

“How is the Torrance real estate market?” you ask.  Well, during the month of June the MLS reports approximately 2.43 properties sold each day.

06-2014   Torrance  sales  M-to-M

While this number is slightly off pace when compared to May, the market median sale price did improve 7.5% or $46K in June.

06-2014   Torrance  median sales M-to-M

Although the sales/listing ratio dropped slightly it is, however, important to remember total listings increased almost 10% in June from the month previous.

06-2014   Torrance  sales listing ratio  M-to-M

Finally, the year-over-year months of inventory increased in June 2014 relative to June 2013, but again this is explained by the surge in seller activity and new listings.