Posts Tagged ‘housing market’

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.

Redondo Beach Real Estate Market Update June 2014

Thursday, July 17th, 2014

The Redondo Beach real estate market produced 64 sales in June, which is almost on par with the 65 recorded during May.

06-2014   RB sales  M-to-M

Of particular interest, however, is the 15.4% increase in the market median sales price, which bumped up to $819,550 in June from $710,000 in May.

06-2014   RB median sales price  M-to-M

Equally reassuring is the 20.5% plus improvement in the sales/listing ratio, which reveals buyers and sellers remain willing to fairly negotiate during the sales process.

06-2014   RB sales-listings ratio  M-to-M

Finally, the year-over-year months of inventory stat communicates a relatively comparable trending pattern for June 2014 when compared to June 2013.

Manhattan Beach Real Estate Market Update June 2014

Thursday, July 17th, 2014

Overall, Manhattan Beach real estate sales activity trended relatively consistent during the last few months months with 45 closed escrows in April, 43 in May, and 42 in June.

06-2014   MB  sales  M-to-M

Accordingly, the month-to-month market median sales price remains fairly strong with $1.902 million reported by the MLS.

06-2014   MB  median sales price M-to-M

Reinforcing previous stats the sales/listing ratio for June came in at 50.6%, which is exactly the same number produced during May.

06-2014   MB  sales-listings ratio  M-to-M

Last, the year-over-year months of inventory analysis shows property listings moved approximately 26% faster in June 2014 when compared to June 2013.

06-2014   MB  months of inventory Y-to-Y

Hermosa Beach Real Estate Market Update June 2014

Thursday, July 17th, 2014

Hermosa Beach real estate sales activity during the month of June increased by approximately 17% when compared to May’s statistics.

06-2014   HB  sales  M-to-M

Despite the aforementioned, however, the average market median sales price dropped in relation to performance outcomes from the previous past two months.

06-2014   HB  median sales price  M-to-M

Still, the total sales/listing ratio revealed a bump in market interest and activity from 36.7% in May to 39.6% in June.

06-2014   HB  sales-listings ratio

Finally, the year-over-year months of inventory stat shows that listings are moving faster in June 2014 when compared to June 2013.

06-2014   HB months of inventory  Y-to-Y

Torrance Real Estate Market Update May 2014

Monday, June 16th, 2014

The Torrance residential real estate market posted a 27% sales increase in May, with 94 closed escrows.

05-2014   Torrance  sales  M-to-M

Reinforcing this positive trending behavior the market median sales price topped out at $613K.

05-2014   Torrance  median sales M-to-M

Moving in the same direction the sales/listing ratio posted a respectable 47%, representing a 5.4% improvement compared to April.

05-2014   Torrance  sales listing ratio  M-to-M

Last, the year-over-year months of inventory analysis revealed May 2014 data is roughly equal to performance activity recorded in May 2013.

05-2014   Torrance  months of inventory  Y-to-Y

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