february 2017 torrance real estate market trends update

Torrance Residential Real Estate

Market Conditions February 2017

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Table of

Contents

Key Statistics for February

Sales 2017 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2017 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2017 Active Listings by Map Area 2017 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2017 Months of Inventory by Map Area Year-to-Year Months of Inventory

Summary

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Key Statistics for February

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Jan 2017 Feb 2017 Delta (qty) Delta (%) Increase Decrease

Total Sales 56 58 2 3.6%

Median Sales Price 783,000 706,000 (77,000) -9.8%

Median Days to Sell 21 14 -7 -33.3%

Listings 114 87 -27 -23.7%

Sales/Listing Ratio 49.1% 66.7% 17.6% 35.8%

Months of Inventory 2.0 2.0 0.0 0.0%

Monthly Comparison Year-to-Year Feb 2016 Feb 2017 Delta Delta Increase Decrease

Total Sales 60 58 -2 -3.3%

Median Sales Price 621,250 706,000 84,750 13.6%


Listings 167 87 -80 -47.9%

Months of Inventory 3.0 2.0 -1 -33.3%



Total Sales Month-to-Month by Map Area Jan Feb Mar

Central Torrance 7 10

South East Torrance - West 4 3

Hollywood Riviera 11 9

South Torrance 9 2

Southwood 4 4

West Torrance 4 8

N Torrance - West 9 9

N Torrance - East 3 5

Old Torrance 3 6

South East Torrance - East 2 2

Total Sales 56 58

-

10

20

30

40

50

60

Jan Feb Mar

2017 Total Sales Month-to-Month by Map Area

Central Torrance

South East Torrance - West

Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance

South East Torrance - East

Total Sales



Total Sales Year-to-Year by Map Area 2015 2016 2017

Central Torrance 15 12 10

South East Torrance - West 2 2 3

Hollywood Riviera 8 8 9

South Torrance 5 4 2

Southwood 6 3 4

West Torrance 4 3 8

N Torrance - West 9 8 9

N Torrance - East 5 9 5

Old Torrance 12 6 6

South East Torrance - East 2 5 2

Total Sales 68 60 58

-

10

20

30

40

50

60

70

2015 2016 2017

Total Sales Year-to-Year by Map Area: February

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Total Sales



Median Sales Price Month-to-Month by Map Area Jan Feb Mar

Central Torrance 665,000 644,975

South East Torrance - West 754,000 580,125

Hollywood Riviera 1,502,000 1,399,000

South Torrance 865,000 838,750

Southwood 817,500 815,500

West Torrance 791,750 762,000

N Torrance - West 624,000 620,000

N Torrance - East 630,000 505,000

Old Torrance 650,000 595,000

South East Torrance - East 758,750 573,000

Market Median Sales Price 783,000 706,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

Jan Feb Mar

2017 Median Sales Price Month-to-Month by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Market Median Sales Price



Median Sales Price Year-to-Year by Map Area 2015 2016 2017

Central Torrance 530,000 565,000 644,975

South East Torrance - West 619,500 766,000 580,125

Hollywood Riviera 935,000 1,002,500 1,399,000

South Torrance 695,000 742,500 838,750

Southwood 515,000 755,000 815,500

West Torrance 820,000 1,050,000 762,000

N Torrance - West 619,000 599,000 620,000

N Torrance - East 460,000 555,000 505,000

Old Torrance 607,500 612,450 595,000

South East Torrance - East 595,750 600,000 573,000

Market Median Sales Price 614,500 621,250 706,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2015 2016 2017

Median Sales Price Year-to-Year by Map Area: February

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Market Median Sales Price



Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec




South Torrance 6 8

Southwood 6 10

West Torrance 16 9



Old Torrance 13 12


Total Active Listings 114 87

-

5

10

15

20

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2017 Active Listings by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance




Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec




South Torrance 6 8

Southwood 6 10

West Torrance 16 9



Old Torrance 13 12


Total Active Listings 114 87

Total Sales 56 58

Sales/Listings Ratio 49.1% 66.7%

-

20

40

60

80

100

120


2017 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2015 2016 2017

Central Torrance 27 20 9

South East Torrance - West 17 15 8

Hollywood Riviera 20 19 13

South Torrance 16 13 8

Southwood 4 10 10

West Torrance 13 12 9

N Torrance - West 21 29 9

N Torrance - East 10 16 3

Old Torrance 19 23 12

South East Torrance - East 21 10 6

Total Active Listings 168 167 87

-

20

40

60

80

100

120

140

160

180

2015 2016 2017

Active Listings Year-to-Year by Map Area: February

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Total Active Listings



Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Central Torrance 3.0 1.0

South East Torrance - West 1.0 3.0

Hollywood Riviera 2.0 1.0

South Torrance 1.0 4.0

Southwood 2.0 3.0

West Torrance 4.0 1.0

N Torrance - West 2.0 1.0

N Torrance - East 2.0 1.0

Old Torrance 4.0 2.0

South East Torrance - East 3.0 3.0

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


2017 Months of Inventory by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance




Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2015 4.0 3.0 2.0 2.0 2.0 2.0 2.0 2.0 3.0 3.0 3.0 1.0

2016 3.0 3.0 2.0 2.0 2.0 2.0 2.0 1.0 2.0 2.0 1.0 1.0

2017 2.0 2.0

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


Months of Inventory Year-to-Year

2015

2016

2017


Summary Torrance real estate investment in February picked up marginally compared to January as total sales increased 3.6%, median days to sell dropped 33.3%, and the sales-listing ratio improved 35.8%. Disappointingly both the median sales price and net listings experienced declines in performance (-9.8% and -23.7% respectively). Year-over-year months of inventory fell 33.3% from February 2016 to 2017.

In February, C.A.R. reported “Existing, single-family home sales totaled 420,100 in January on a seasonally adjusted annualized rate, up 2.1 percent from December and 4.4 percent from January 2016.” http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/jan2017sales?view=Standard

For listing or buying questions or representation, or further information on market trending behavior, please feel free to contact me anytime. I look forward to hearing from you!


Monthly Comparison Year-to-Year Feb 2016 Feb 2017 Delta Delta Increase Decrease

Total Sales 60 58 -2 -3.3%

Median Sales Price 621,250 706,000 84,750 13.6%


Listings 167 87 -80 -47.9%

Months of Inventory 3.0 2.0 -1 -33.3%

Month-to-Month Comparison Jan 2017 Feb 2017 Delta (qty) Delta (%) Increase Decrease

Total Sales 56 58 2 3.6%

Median Sales Price 783,000 706,000 (77,000) -9.8%


Listings 114 87 -27 -23.7%

Sales/Listing Ratio 49.1% 66.7% 17.6% 35.8%

Months of Inventory 2.0 2.0 0.0 0.0%


http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/jan2017sales?view=Standard


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