march 2016 torrance real estate market trends update

Torrance Residential Real Estate

Market Conditions March 2015

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Table of

Contents

Key Statistics for March

Sales 2016 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2016 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2016 Active Listings by Map Area 2016 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2016 Months of Inventory by Map Area Year-to-Year Months of Inventory

Summary

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Key Statistics for March

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Feb 2016 Mar 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 60 89 29 48.3%

Median Sales Price 621,250 675,000 53,750 8.7%

Median Days to Sell 37 35 -2 -5.4%

Listings 192 177 -15 -7.8%

Sales/Listing Ratio 31.3% 50.3% 19.0% 60.7%

Months of Inventory 3.0 2.0 -1.0 -33.3%

Monthly Comparison Year-to-Year Mar 2015 Mar 2016 Delta Delta Increase Decrease

Total Sales 79 89 10 12.7%



Listings 194 177 -17 -8.8%

Months of Inventory 2.0 2.0 0 0.0%



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

Central Torrance 6 12 23

South East Torrance - West 3 2 2

Hollywood Riviera 4 8 8

South Torrance 7 4 7

Southwood 5 3 9

West Torrance 9 3 3

N Torrance - West 9 8 13

N Torrance - East 5 9 4

Old Torrance 6 6 12

South East Torrance - East 4 5 8

Total Sales 58 60 89

-

10

20

30

40

50

60

70

80

90

Jan Feb Mar

2016 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 2014 2015 2016





Southwood 4 3 9

West Torrance 7 3 3



Old Torrance 7 12 12



-

10

20

30

40

50

60

70

80

90

2014 2015 2016

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

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 592,500 565,000 645,000

South East Torrance - West 911,700 766,000 397,450

Hollywood Riviera 1,222,500 1,002,500 873,000

South Torrance 730,000 742,500 920,000

Southwood 770,000 755,000 850,000

West Torrance 959,900 1,050,000 940,000

N Torrance - West 565,000 599,000 629,990

N Torrance - East 632,000 555,000 625,000

Old Torrance 592,500 612,450 579,450

South East Torrance - East 730,000 600,000 667,500

Market Median Sales Price 692,500 621,250 675,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Jan Feb Mar

2016 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 2014 2015 2016

Central Torrance 492,450 736,500 645,000

South East Torrance - West 771,500 445,000 397,450

Hollywood Riviera 1,099,663 995,000 873,000

South Torrance 775,000 683,550 920,000

Southwood 554,450 765,000 850,000

West Torrance 696,000 1,002,000 940,000

N Torrance - West 558,500 607,500 629,990

N Torrance - East 535,250 527,500 625,000

Old Torrance 438,000 532,000 579,450

South East Torrance - East 650,000 615,000 667,500

Market Median Sales Price 592,250 620,000 675,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

2014 2015 2016

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

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





Southwood 11 14 12

West Torrance 4 10 14





Total Active Listings 151 192 177

-

5

10

15

20

25

30

35

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

2016 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





Southwood 11 14 12








Sales/Listings Ratio 38.4% 31.3% 50.3%

-

20

40

60

80

100

120

140

160

180

200


2016 Total Active Listings vs. Total Sales

Total Active Listings Total Sales



Active Listings Year-to-Year by Map Area 2014 2015 2016





Southwood 7 11 12







-

20

40

60

80

100

120

140

160

180

200

2014 2015 2016

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

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 4.0 2.0 1.0

South East Torrance - West 4.0 9.0 7.0

Hollywood Riviera 5.0 3.0 2.0

South Torrance 1.0 4.0 2.0

Southwood 2.0 5.0 1.0

West Torrance - 3.0 5.0

N Torrance - West 3.0 4.0 2.0

N Torrance - East 3.0 2.0 4.0

Old Torrance 3.0 4.0 2.0

South East Torrance - East 3.0 3.0 2.0

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0


2016 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

2014 3.0 2.0 2.0 3.0 2.0 4.0 2.0 2.0 3.0 2.0 3.0 2.0

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

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


Months of Inventory Year-to-Year

2014

2015

2016


Summary Real estate activity in Torrance picked up in March as total sales increased 48.3%, median sales price bumped 8.7% or $53.75K, and the sales-listing ratio jumped 60.7% relative to February. While the net listings metric dropped 7.5%, or by 15 units month-over-month, median days to sell improved 5.4%. Year-over-year analysis shows the market median sales price climbed 8.9% or by $55K.

In the news… According to C.A.R., “March’s statewide median home price was $483,280, up 8.9 percent from February and up 4 percent from March 2015.” (http://www.car.org/newsstand/newsreleases/2016releases/march2016sales?view=Standard)

For listing or buying questions or representation, or additional statistics on market trending behavior, please do not hesitate to contact me to schedule a time to discuss how I can be of service to you.


Monthly Comparison Year-to-Year Mar 2015 Mar 2016 Delta Delta Increase Decrease

Total Sales 79 89 10 12.7%



Listings 194 177 -17 -8.8%

Months of Inventory 2.0 2.0 0 0.0%

Month-to-Month Comparison Feb 2016 Mar 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 60 89 29 48.3%



Listings 192 177 -15 -7.8%

Sales/Listing Ratio 31.3% 50.3% 19.0% 60.7%

Months of Inventory 3.0 2.0 -1.0 -33.3%


http://www.car.org/newsstand/newsreleases/2016releases/march2016sales?view=Standard


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