Posts Tagged ‘housing market’

Torrance Real Estate Market Update May 2015

Tuesday, June 16th, 2015

Torrance residential real estate activity held strong in May with 107 closed transactions.

05-2015   Torrance  sales M-to-M

The market median sales price also improved by 0.3% or $2K.

05-2015   Torrance  median sales M-to-M

The news get even better with the sales/listing ratio, which climbed 6.7% from 59.3% in April to close out May at 63.3%.

05-2015   Torrance  sales listing ratio  M-to-M

Last, the year-over-year months of inventory data point dropped 23.8% from 2.1 reported in May 2014 to 1.6 recorded in May 2015.

05-2015   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.

Redondo Beach Real Estate Market Update May 2015

Tuesday, June 16th, 2015

According to the MLS, the Redondo Beach Real Estate Market is on fire with total sales up by more than 12% in May.

05-2015   MB  sales  M-to-M

Also trending positive is the market median sales price stat, which increased 0.8% or $7K.

05-2015   MB  median sales price M-to-M

Further analysis reveals the sales/listing ratio jumped 7.3% from 50.6% in April to 54.3% in May.

05-2015   MB  sales-listings ratio  M-to-M

Last, the year-over-year months of inventory stat dropped 28% from the 2.5 figure reported in May 2014 to the 1.8 number recorded in May 2015.

05-2015   RB months of inventory  Y-to-Y

Manhattan Beach Real Estate Market Update May 2015

Tuesday, June 16th, 2015

From a month-to-month perspective, the Manhattan Beach real estate market saw a 16.1% spike in total sales in May.

05-2015   MB  sales  M-to-M

Equally impressive was the market median sales data point, which jumped 11.3% or $237.5K.

05-2015   MB  median sales price M-to-M

Although the sales/listing ratio remained steady at around 44%, this is partially explained by the 17.1% increase in listings.

05-2015   MB  sales-listings ratio  M-to-M

Finally, the year-over-year months of inventory data point reveals a 15% gain from May 2014 to May 2015.

05-2015   MB  months of inventory Y-to-Y

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

Hermosa Beach Real Estate Market Update May 2015

Tuesday, June 16th, 2015

Unfortunately, residential real estate activity in Hermosa Beach slowed a bit with total sales dropping by 50% in May relative to April.

05-2015   HB  sales  M-to-M

On a more positive note, however, the market media sales price saw a $70.5K increase month-over-month.

05-2015   HB  median sales price  M-to-M

As one might expect, given the aforementioned total sales update, the sales/listing ratio took a beating of 47+% compared to April.

05-2015   HB  sales-listings ratio

Finally, the year-over-year months of inventory stat shows a noticeable decline from 2.7 recorded in May 2014 to 1.5 reported in May 2015.

05-2015   HB months of inventory  Y-to-Y

Torrance Real Estate Market Update April 2015

Tuesday, May 12th, 2015

April was a super-encouraging month for real estate activity in Torrance with a 32.9% increase in home sales leading the news!

04-2015   Torrance  sales M-to-M

The positive momentum continued with the market median sales price, which jumped $48K to end the month at $668K.

04-2015   Torrance  median sales M-to-M

More positivity?  Okay, how about an 18.6% increase in the sales/listing ratio despite a 12% rise in total listings?

04-2015   Torrance  sales listing ratio  M-to-M

Finally, a look at the year-over-year months of inventory reveals a 15% improvement in favor of home sellers in 2015.

04-2015   Torrance  months of inventory  Y-to-Y