torrance real estate market conditions - august 2015

8/20/2019 Torrance Real Estate Market Conditions - August 2015

1/15

TorranceResidential Real Estate

Market Conditions August 2015

http://hhcrealestate.com/


2/15

Table ofContents

Key Statistics for August

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

Listings2015 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

Recap & Outlook for September

About Hady Chahine

Contact Information

http://hhcrealestate.com/


3/15

Key Statistics for August

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison July 2015 Aug 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 107 100 -7 -6.5%

Median Sales Price 659,000 680,000 21,000 3.2%

Median Days to Sell 28 36 8 28.6%

Listings 202 214 12 5.9%

Sales/Listing Ratio 53.0% 46.7% -6.3% -11.9%

Months of Inventory 2.0 2.0 0.0 0.0%

Monthly Comparison Year-to-Year Aug 2014 Aug 2015 Delta Delta Increase Decrease

Total Sales 99 100 1 1.0%


Median Days to Sell 38 36 -2 -5.3%

Listings 244 214 -30 -12.3%

Months of Inventory 2.1 2.0 -0.1 -4.8%

http://hhcrealestate.com/http://hhcrealestate.com/


4/15


Total Sales Month-to-Month by Map Area Jun Jul Aug

Central Torrance 20 14 18

South East Torrance - West 7 7 6

Hollywood Riviera 14 12 8

South Torrance 7 7 10

Southwood 4 6 4

West Torrance 7 12 15N Torrance - West 10 25 9

N Torrance - East 11 10 9

Old Torrance 18 9 10

South East Torrance - East 8 5 11

Total Sales 106 107 100

0

20

40

60

80

100

120

Jun Jul Aug

2015 Total Sales Month-to-Month by Map Area

Central Torrance

South East Torrance - West

Hollywood Riviera

South Torrance

SouthwoodWest Torrance

N Torrance - West

N Torrance - East

Old Torrance

South East Torrance - East

Total Sales



5/15


Total Sales Year-to-Year by Map Area 2013 2014 2015





Southwood 7 5 4





Total Sales 99 99 100

0

10

20

30

40

5060

70

80

90

100

2013 2014 2015

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

Central Torrance


Hollywood Riviera

South Torrance


N Torrance - West

N Torrance - East

Old Torrance


Total Sales



6/15


Median Sales Price Month-to-Month by Map Area Jun Jul Aug

Central Torrance 578,140 577,500 582,500

South East Torrance - West 410,000 740,000 839,500

Hollywood Riviera 1,082,500 1,142,750 1,192,944

South Torrance 740,000 900,000 835,000

Southwood 783,000 767,000 735,000

West Torrance 805,000 762,825 730,000 N Torrance - West 577,500 634,000 620,000

N Torrance - East 575,000 541,000 605,000

Old Torrance 589,500 543,600 585,000

South East Torrance - East 657,000 750,000 699,000

Market Median Sales Price 625,000 659,000 680,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Jun Jul Aug

2015 Median Sales Price Month-to-Month by Map Area

Central Torrance


Hollywood Riviera

South Torrance


N Torrance - West

N Torrance - East

Old Torrance


Market Median Sales Price



7/15Back to Table of Contents

Median Sales Price Year-to-Year by Map Area 2013 2014 2015

Central Torrance 631,000 597,500 582,500

South East Torrance - West 321,250 738,750 839,500

Hollywood Riviera 892,000 1,019,000 1,192,944

South Torrance 740,000 742,000 835,000

Southwood 625,000 717,000 735,000

West Torrance 730,000 775,000 730,000 N Torrance - West 500,000 549,900 620,000

N Torrance - East 512,000 560,000 605,000

Old Torrance 455,000 546,500 585,000

South East Torrance - East 629,000 648,000 699,000

Market Median Sales Price 619,000 654,000 680,000

-

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: August

Central Torrance


Hollywood Riviera

South 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

Central Torrance 27 28 29 34 31 27 38 36

South East Torrance - West 16 17 12 13 13 15 14 16

Hollywood Riviera 20 18 16 21 15 21 29 31 South Torrance 11 13 16 17 13 14 15 20

Southwood 6 6 8 7 8 8 11 9

West Torrance 12 13 9 8 11 13 14 15

N Torrance - West 17 20 20 22 20 24 32 29

N Torrance - East 10 7 10 17 15 13 13 17

Old Torrance 20 21 22 25 27 22 21 27

South East Torrance - East 17 21 16 13 16 12 15 14

Total Active Li stings 156 164 158 177 169 169 202 214

-

5 10

15

20

25

30

35

40

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

2015 Active Listings by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - EastOld Torrance





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

Central Torrance 27 28 29 34 31 27 38 36

South East Torrance - West 16 17 12 13 13 15 14 16

Hollywood Riviera 20 18 16 21 15 21 29 31

South Torrance 11 13 16 17 13 14 15 20

Southwood 6 6 8 7 8 8 11 9

West Torrance 12 13 9 8 11 13 14 15

N Torrance - West 17 20 20 22 20 24 32 29

N Torrance - East 10 7 10 17 15 13 13 17

Old Torrance 20 21 22 25 27 22 21 27

South East Torrance - East 17 21 16 13 16 12 15 14

Total Active Li stings 156 164 158 177 169 169 202 214

Total Sales 44 67 79 105 107 106 107 100

Sales/Listings Ratio 28.2% 40.9% 50.0% 59.3% 63.3% 62.7% 53.0% 46.7%

-

50

100

150

200

250


2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales




Active Listings Year-to-Year by Map Area 2013 2014 2015





Southwood 10 8 9





Total Active Listings 229 244 214

0

50

100

150

200

250

2013 2014 2015

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

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West TorranceN 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 5.4 1.9 2.4 1.7 1.9 1.0 3.0 2.0

South East Torrance - West 2.7 8.5 1.3 1.2 1.9 2.0 2.0 3.0

Hollywood Riviera 5.0 2.3 1.2 2.6 1.2 2.0 2.0 4.0

South Torrance 2.8 2.6 16.0 2.1 1.6 2.0 2.0 2.0

Southwood 3.0 1.0 2.7 0.9 1.3 2.0 2.0 2.0

West Torrance 2.4 4.3 3.0 0.7 1.0 2.0 1.0 1.0

N Torrance - West 2.8 2.2 1.8 1.6 1.2 2.0 1.0 3.0

N Torrance - East 2.0 1.4 1.3 1.7 1.7 1.0 1.0 2.0

Old Torrance 5.0 1.8 1.8 2.8 2.1 1.0 2.0 3.0

South East Torrance - East 5.7 10.5 2.3 2.2 2.3 2.0 3.0 1.0

-

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0


2015 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

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 2.5 2.0 1.7 1.6 2.0 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

2013

2014

2015



13/15

Recap & Outlook for September

For August, the MLS reports Torrance real estate activity produced a $21K increase in the market median sales price and a 5.9%

rise in listings to end the month at 214. Moving in opposite direction, however, were total sales, median days to sell, and the

sales/listing ratio. Year-over-year stats reveal relatively similar behavior with exception to the market median sales price, which

improved 4% or by $26K.

In the news… According to C.A.R., “Statewide sales were above the 400,000 mark for the fifth straight month” and “sales of

condos and townhomes were up nearly 10 percent from last year.”

(http://www.car.org/newsstand/newsreleases/2015releases/august2015sales?view=Standard)

To discuss how I can be of service to you, please give me a call today. – I look forward to hearing from you soon!


Month-to-Month Comparison July 2015 Aug 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 107 100 -7 -6.5%


Median Days to Sell 28 36 8 28.6%

Listings 202 214 12 5.9%

Sales/Listing Ratio 53.0% 46.7% -6.3% -11.9%

Months of Inventory 2.0 2.0 0.0 0.0%

Monthly Comparison Year-to-Year Aug 2014 Aug 2015 Delta Delta Increase Decrease

Total Sales 99 100 1 1.0%


Median Days to Sell 38 36 -2 -5.3%

Listings 244 214 -30 -12.3%

Months of Inventory 2.1 2.0 -0.1 -4.8%

http://www.car.org/newsstand/newsreleases/2015releases/august2015sales?view=Standardhttp://www.car.org/newsstand/newsreleases/2015releases/august2015sales?view=Standardhttp://hhcrealestate.com/http://hhcrealestate.com/


14/15


Serving South Bay Home Buyers and Sellers Since 2001

RE/MAX Top 4 Team in California – 2012 RE/MAX 100% Club - 2011

Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010

About

Hady Chahine…



15/15

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.


Listings MLS BLOGWebsite
http://hhcrealestate.com/featured-south-bay-homeshttp://hhcrealestate.com/south-bay-mls-real-estate-listingshttp://hhcrealestate.com/real-estate-news/http://hhcrealestate.com/http://hhcrealestate.com/real-estate-news/http://hhcrealestate.com/south-bay-mls-real-estate-listingshttp://hhcrealestate.com/featured-south-bay-homeshttp://hhcrealestate.com/http://hhcrealestate.com/

torrance real estate market conditions - august 2015

Documents