november 2016 torrance real estate market trends update
TRANSCRIPT
Table of
Contents
Key Statistics for November
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 November
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= trending positive = trending positive
= trending negative = trending negative
Monthly Comparison Year-to-Year Nov 2015 Nov 2016 Delta Delta Increase Decrease
Total Sales 64 87 23 35.9%
Median Sales Price 645,000 680,000 35,000 5.4%
Median Days to Sell 36 22 -14 -38.9%
Listings 229 127 -102 -44.5%
Months of Inventory 3.0 1.0 -2 -66.7%
Month-to-Month Comparison Oct 2016 Nov 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 90 87 -3 -3.3%
Median Sales Price 732,500 680,000 (52,500) -7.2%
Median Days to Sell 19 22 3 15.8%
Listings 150 127 -23 -15.3%
Sales/Listing Ratio 60.0% 68.5% 8.5% 14.2%
Months of Inventory 2.0 1.0 -1.0 -50.0%
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Total Sales Month-to-Month by Map Area Sep Oct Nov
Central Torrance 12 19 17
South East Torrance - West 13 7 6
Hollywood Riviera 15 11 7
South Torrance 8 12 4
Southwood 7 5 4
West Torrance 8 7 10
N Torrance - West 17 9 17
N Torrance - East 3 6 8
Old Torrance 16 10 9
South East Torrance - East 9 4 5
Total Sales 108 90 87
-
20
40
60
80
100
120
Sep Oct Nov
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
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Total Sales Year-to-Year by Map Area 2014 2015 2016
Central Torrance 13 8 17
South East Torrance - West 7 3 6
Hollywood Riviera 9 5 7
South Torrance 2 8 4
Southwood 4 5 4
West Torrance 8 4 10
N Torrance - West 10 12 17
N Torrance - East 6 2 8
Old Torrance 8 10 9
South East Torrance - East 8 7 5
Total Sales 75 64 87
-
10
20
30
40
50
60
70
80
90
2014 2015 2016
Total Sales Year-to-Year by Map Area: November
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 Sep Oct Nov
Central Torrance 662,500 581,000 632,000
South East Torrance - West 810,000 485,000 817,000
Hollywood Riviera 1,150,000 1,100,000 1,150,000
South Torrance 842,500 816,000 829,750
Southwood 780,000 835,000 920,000
West Torrance 812,650 800,000 747,500
N Torrance - West 630,000 640,000 650,000
N Torrance - East 620,000 625,000 645,000
Old Torrance 620,500 565,000 560,000
South East Torrance - East 790,000 761,500 681,000
Market Median Sales Price 733,500 732,500 680,000
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
Sep Oct Nov
2016 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 2014 2015 2016
Central Torrance 651,000 407,500 632,000
South East Torrance - West 475,000 520,000 817,000
Hollywood Riviera 1,080,000 1,135,000 1,150,000
South Torrance 1,132,500 830,000 829,750
Southwood 641,500 728,000 920,000
West Torrance 694,250 913,000 747,500
N Torrance - West 573,500 634,975 650,000
N Torrance - East 534,375 584,000 645,000
Old Torrance 575,250 589,250 560,000
South East Torrance - East 609,500 770,000 681,000
Market Median Sales Price 610,000 645,000 680,000
-
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: November
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 24 25 23 21 20 24 27 29 27 21 20
South East Torrance - West 12 18 14 16 22 21 13 12 6 6 6
Hollywood Riviera 18 22 14 16 22 24 26 25 26 22 20
South Torrance 10 15 17 15 23 21 21 14 12 12 8
Southwood 11 14 12 11 10 7 8 7 6 7 7
West Torrance 4 10 14 13 13 24 17 19 14 18 16
N Torrance - West 27 33 23 30 28 28 32 27 31 24 16
N Torrance - East 13 18 17 15 13 14 15 5 13 12 9
Old Torrance 20 24 28 30 30 32 30 18 23 19 15
South East Torrance - East 12 13 15 15 16 18 14 9 11 9 10
Total Active Listings 151 192 177 182 197 213 203 165 169 150 127
-
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
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 24 25 23 21 20 24 27 29 27 21 20
South East Torrance - West 12 18 14 16 22 21 13 12 6 6 6
Hollywood Riviera 18 22 14 16 22 24 26 25 26 22 20
South Torrance 10 15 17 15 23 21 21 14 12 12 8
Southwood 11 14 12 11 10 7 8 7 6 7 7
West Torrance 4 10 14 13 13 24 17 19 14 18 16
N Torrance - West 27 33 23 30 28 28 32 27 31 24 16
N Torrance - East 13 18 17 15 13 14 15 5 13 12 9
Old Torrance 20 24 28 30 30 32 30 18 23 19 15
South East Torrance - East 12 13 15 15 16 18 14 9 11 9 10
Total Active Listings 151 192 177 182 197 213 203 165 169 150 127
Total Sales 58 60 89 109 89 114 103 134 108 90 87
Sales/Listings Ratio 38.4% 31.3% 50.3% 59.9% 45.2% 53.5% 50.7% 81.2% 63.9% 60.0% 68.5%
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50
100
150
200
250
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2014 2015 2016
Central Torrance 35 32 20
South East Torrance - West 20 15 6
Hollywood Riviera 19 27 20
South Torrance 18 14 8
Southwood 5 8 7
West Torrance 15 21 16
N Torrance - West 22 42 16
N Torrance - East 13 19 9
Old Torrance 34 31 15
South East Torrance - East 21 20 10
Total Active Listings 202 229 127
-
50
100
150
200
250
2014 2015 2016
Active Listings Year-to-Year by Map Area: November
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 4.0 2.0 1.0 2.0 2.0 1.0 2.0 2.0 2.0 1.0 1.0
South East Torrance - West 4.0 9.0 7.0 2.0 4.0 4.0 1.0 1.0 - 1.0 1.0
Hollywood Riviera 5.0 3.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 3.0
South Torrance 1.0 4.0 2.0 1.0 2.0 2.0 3.0 1.0 2.0 1.0 2.0
Southwood 2.0 5.0 1.0 1.0 1.0 1.0 2.0 1.0 1.0 1.0 2.0
West Torrance - 3.0 5.0 1.0 3.0 2.0 2.0 1.0 2.0 3.0 2.0
N Torrance - West 3.0 4.0 2.0 2.0 4.0 2.0 2.0 2.0 2.0 3.0 1.0
N Torrance - East 3.0 2.0 4.0 2.0 1.0 2.0 2.0 - 4.0 2.0 1.0
Old Torrance 3.0 4.0 2.0 2.0 6.0 2.0 2.0 1.0 1.0 2.0 2.0
South East Torrance - East 3.0 3.0 2.0 3.0 2.0 2.0 3.0 1.0 1.0 2.0 2.0
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1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 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
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 2.0 2.0 2.0 2.0 1.0 2.0 2.0 1.0
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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
2014
2015
2016
Summary November proved challenging for Torrance real estate investors as totals sales dropped 3.3%, median sales price fell 7.2%, net listings decreased 15.3%, and median days to sell jumped 15.8%. The sales-listing ratio did, however, improve by 14.2%. Year-over-year months of inventory metric shrunk 66.7% from November 2015 to 2016. In November, C.A.R. reported ““California’s housing market showed signs of cooling competition with fewer price reductions and properties receiving multiple offers dropping for the seventh straight month.” http://www.car.org/newsstand/newsreleases/2016releases/oct2016pending?view=Standard For listing or buying guidance, 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.
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Month-to-Month Comparison Oct 2016 Nov 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 90 87 -3 -3.3%
Median Sales Price 732,500 680,000 (52,500) -7.2%
Median Days to Sell 19 22 3 15.8%
Listings 150 127 -23 -15.3%
Sales/Listing Ratio 60.0% 68.5% 8.5% 14.2%
Months of Inventory 2.0 1.0 -1.0 -50.0%
Monthly Comparison Year-to-Year Nov 2015 Nov 2016 Delta Delta Increase Decrease
Total Sales 64 87 23 35.9%
Median Sales Price 645,000 680,000 35,000 5.4%
Median Days to Sell 36 22 -14 -38.9%
Listings 229 127 -102 -44.5%
Months of Inventory 3.0 1.0 -2 -66.7%
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