january 2015 torrance real estate market trends update
TRANSCRIPT
Table of
Contents
Key Statistics for January
Sales 2015 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2015 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2015 Active Listings by Map Area 2015 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2015 Months of Inventory by Map Area Year-to-Year Months of Inventory
Outlook for February
About Hady Chahine Contact Information
Key Statistics for January
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Jan 2015 Feb 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 44 TBD #VALUE! #VALUE!
Median Sales Price 637,500 TBD #VALUE! #VALUE!
Median Days to Sell 57 TBD #VALUE! #VALUE!
Listings 156 TBD #VALUE! #VALUE!
Sales/Listing Ratio 28.2% TBD #VALUE! #VALUE!
Months of Inventory 3.6 TBD #VALUE! #VALUE!
Monthly Comparison Year-to-Year Jan 2014 Jan 2015 Delta Delta Increase Decrease
Total Sales 62 44 -18 -29.0%
Median Sales Price 608,500 637,500 29,000 4.8%
Median Days to Sell 45 57 12 26.7%
Listings 160 156 -4 -2.5%
Months of Inventory 2.0 3.6 1.6 80.0%
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Total Sales Month-to-Month by Map Area Jan Feb Mar
Central Torrance 5
South East Torrance - West 6
Hollywood Riviera 4
South Torrance 4
Southwood 2
West Torrance 5
N Torrance - West 6
N Torrance - East 5
Old Torrance 4
South East Torrance - East 3
Total Sales 44 0 0
0
5
10
15
20
25
30
35
40
45
Jan Feb Mar
2015 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
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Total Sales Year-to-Year by Map Area 2013 2014 2015
Central Torrance 10 8 5
South East Torrance - West 5 8 6
Hollywood Riviera 6 7 4
South Torrance 5 4 4
Southwood 3 4 2
West Torrance 10 9 5
N Torrance - West 5 11 6
N Torrance - East 1 1 5
Old Torrance 4 9 4
South East Torrance - East 5 1 3
Total Sales 54 62 44
0
10
20
30
40
50
60
70
2013 2014 2015
Total Sales Year-to-Year by Map Area: January
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
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Median Sales Price Month-to-Month by Map Area Jan Feb Mar
Central Torrance 615,000
South East Torrance - West 751,500
Hollywood Riviera 984,500
South Torrance 692,500
Southwood 927,500
West Torrance 771,000
N Torrance - West 565,000
N Torrance - East 583,000
Old Torrance 585,500
South East Torrance - East 675,000
Market Median Sales Price 637,500
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
Jan Feb Mar
2015 Median Sales Price 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
Market Median Sales Price
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Median Sales Price Year-to-Year by Map Area 2013 2014 2015
Central Torrance 560,000 608,500 615,000
South East Torrance - West 327,000 547,500 751,500
Hollywood Riviera 882,000 1,187,000 984,500
South Torrance 565,000 881,250 692,500
Southwood 629,000 657,500 927,500
West Torrance 633,700 815,000 771,000
N Torrance - West 475,000 532,000 565,000
N Torrance - East 552,000 370,000 583,000
Old Torrance 455,000 475,000 585,500
South East Torrance - East 570,000 533,000 675,000
Market Median Sales Price 567,500 608,500 637,500
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
2013 2014 2015
Median Sales Price Year-to-Year by Map Area: January
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
Market Median Sales Price
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Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance 27
South East Torrance - West 16
Hollywood Riviera 20
South Torrance 11
Southwood 6
West Torrance 12
N Torrance - West 17
N Torrance - East 10
Old Torrance 20
South East Torrance - East 17
Total Active Listings 156
-
5
10
15
20
25
30
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Active Listings 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
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Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance 27
South East Torrance - West 16
Hollywood Riviera 20
South Torrance 11
Southwood 6
West Torrance 12
N Torrance - West 17
N Torrance - East 10
Old Torrance 20
South East Torrance - East 17
Total Active Listings 156
Total Sales 44
Sales/Listings Ratio 28.2%
-
20
40
60
80
100
120
140
160
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2013 2014 2015
Central Torrance 25 22 27
South East Torrance - West 14 9 16
Hollywood Riviera 18 16 20
South Torrance 10 14 11
Southwood 6 5 6
West Torrance 16 15 12
N Torrance - West 14 32 17
N Torrance - East 6 11 10
Old Torrance 24 23 20
South East Torrance - East 14 13 17
Total Active Listings 147 160 156
0
20
40
60
80
100
120
140
160
2013 2014 2015
Active Listings Year-to-Year by Map Area: January
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 Active Listings
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Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance 5.4
South East Torrance - West 2.7
Hollywood Riviera 5.0
South Torrance 2.8
Southwood 3.0
West Torrance 2.4
N Torrance - West 2.8
N Torrance - East 2.0
Old Torrance 5.0
South East Torrance - East 5.7
-
1.0
2.0
3.0
4.0
5.0
6.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Months of Inventory 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
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Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 2.6 2.7 1.5 1.6 1.8 2.0 1.9 2.2 2.0 2.3 2.0 1.0
2014 2.0 2.0 2.0 2.2 2.1 3.0 2.1 2.1 2.7 2.2 2.3 1.8
2015 3.6
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory Year-to-Year
2013
2014
2015
Outlook for February
The Torrance real estate market started 2015 off on the right foot with 44 recorded sales and a
respectable $637.5K market median sales price. Although a few data points trended a bit slower,
such as the median days to sell at 57 and the sales/listing ratio at 28.2%, overall activity was positive
given the time of year and the volatility in the financial markets and global unrest.
Looking forward to February I predict a continued healthy supply/demand relationship between
sellers and buyers. Thus, for those of you interested in selling your property I would be happy to
provide you with a free comparative market analysis and discuss marketing solutions. As for buyers,
now is the perfect time to give me a call so we can get you pre-approved to make offers to purchase.
Not ready to commit? No problem! For general inquiries I am always available – just give me call.
Your recap…
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Month-to-Month Comparison Jan 2015 Feb 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 44 TBD #VALUE! #VALUE!
Median Sales Price 637,500 TBD #VALUE! #VALUE!
Median Days to Sell 57 TBD #VALUE! #VALUE!
Listings 156 TBD #VALUE! #VALUE!
Sales/Listing Ratio 28.2% TBD #VALUE! #VALUE!
Months of Inventory 3.6 TBD #VALUE! #VALUE!
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RE/MAX 100% Club - 2011
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About
Hady Chahine…
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for
any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet
Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy
of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal
inspection by and/or with the appropriate professionals.
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