torrance real estate market conditions - december 2015

7/25/2019 Torrance Real Estate Market Conditions - December 2015

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TorranceResidential Real Estate

Market ConditionsDecember 2015
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Table ofContents

Key Statistics for December

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

Summary

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Key Statistics for December

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Nov 2015 Dec 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 64 96 32 50.0%

Median Sales Price 645,000 700,000 55,000 8.5%

Median Days to Sell 36 44 8 22.2%

Listings 212 126 -86 -40.6%

Sales/Listing Ratio 30.2% 76.2% 46.0% 152.3%

Months of Inventory 3.0 1.0 -2.0 -66.7%

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

Total Sales 78 96 18 23.1%


Median Days to Sell 49 44 -5 -10.2%

Listings 180 126 -54 -30.0%

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Total Sales Month-to-Month by Map Area Oct Nov Dec

Central Torrance 16 8 11

South East Torrance - West 9 3 4

Hollywood Riviera 14 5 9

South Torrance 4 8 11

Southwood 5 5 4

West Torrance 4 4 10N Torrance - West 10 12 18

N Torrance - East 15 2 6

Old Torrance 13 10 13

South East Torrance - East 4 7 10

Total Sales 94 64 96

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10

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30

40

50

60

70

80

90

100

Oct Nov Dec

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





Southwood 6 5 4





Total Sales 96 78 96

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60

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80

90

100

2013 2014 2015

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

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Total Sales


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Median Sales Price Month-to-Month by Map Area Oct Nov Dec

Central Torrance 560,000 407,500 650,000

South East Torrance - West 390,000 520,000 608,500

Hollywood Riviera 1,424,968 1,135,000 975,000

South Torrance 893,750 830,000 775,000

Southwood 815,000 728,000 788,750

West Torrance 762,500 913,000 839,500N Torrance - West 552,500 634,975 587,500

N Torrance - East 560,000 584,000 582,500

Old Torrance 548,000 589,250 540,000

South East Torrance - East 694,000 770,000 662,500

Market Median Sales Price 611,750 645,000 700,000

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

Oct Nov Dec

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

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West TorranceN Torrance - West

N Torrance - East

Old Torrance


Market Median Sales Price


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

Central Torrance 520,000 610,000 650,000

South East Torrance - West 487,375 765,000 608,500

Hollywood Riviera 919,000 1,109,999 975,000

South Torrance 809,000 808,000 775,000

Southwood 751,500 700,000 788,750

West Torrance 663,500 639,950 839,500N Torrance - West 524,000 570,000 587,500

N Torrance - East 575,000 552,000 582,500

Old Torrance 507,500 488,500 540,000

South East Torrance - East 670,000 667,000 662,500

Market Median Sales Price 621,000 594,050 700,000

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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: December

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

Central Torrance 27 28 29 34 31 27 38 36 29 29 21 20

South East Torrance - West 16 17 12 13 13 15 14 16 18 12 14 8

Hollywood Riviera 20 18 16 21 15 21 29 31 36 29 22 12

South Torrance 11 13 16 17 13 14 15 20 20 16 14 8

Southwood 6 6 8 7 8 8 11 9 8 5 9 6

West Torrance 12 13 9 8 11 13 14 15 16 16 18 5

N Torrance - West 17 20 20 22 20 24 32 29 43 39 39 25

N Torrance - East 10 7 10 17 15 13 13 17 18 16 23 14

Old Torrance 20 21 22 25 27 22 21 27 32 25 31 19

South East Torrance - East 17 21 16 13 16 12 15 14 21 23 21 9

Total Active Listings 156 164 158 177 169 169 202 214 241 210 212 126

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5

10

15

20

25

30

35

40

45

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 - East

Old 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 29 29 21 20

South East Torrance - West 16 17 12 13 13 15 14 16 18 12 14 8

Hollywood Riviera 20 18 16 21 15 21 29 31 36 29 22 12

South Torrance 11 13 16 17 13 14 15 20 20 16 14 8

Southwood 6 6 8 7 8 8 11 9 8 5 9 6

West Torrance 12 13 9 8 11 13 14 15 16 16 18 5

N Torrance - West 17 20 20 22 20 24 32 29 43 39 39 25

N Torrance - East 10 7 10 17 15 13 13 17 18 16 23 14

Old Torrance 20 21 22 25 27 22 21 27 32 25 31 19

South East Torrance - East 17 21 16 13 16 12 15 14 21 23 21 9

Total Active Listings 156 164 158 177 169 169 202 214 241 210 212 126

Total Sales 44 67 79 105 107 106 107 100 98 94 64 96

Sales/Listings Ratio 28.2% 40.9% 50.0% 59.3% 63.3% 62.7% 53.0% 46.7% 40.7% 44.8% 30.2% 76.2%

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50

100

150

200

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2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



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





Southwood 5 4 6





Total Active Listings 141 180 126

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20

40

60

80

100

120

140

160

180

2013 2014 2015

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

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 2.0 2.0 3.0 2.0

South East Torrance - West 2.7 8.5 1.3 1.2 1.9 2.0 2.0 3.0 2.0 1.0 5.0 2.0

Hollywood Riviera 5.0 2.3 1.2 2.6 1.2 2.0 2.0 4.0 4.0 2.0 4.0 1.0

South Torrance 2.8 2.6 16.0 2.1 1.6 2.0 2.0 2.0 2.0 4.0 2.0 1.0

Southwood 3.0 1.0 2.7 0.9 1.3 2.0 2.0 2.0 2.0 1.0 2.0 2.0

West Torrance 2.4 4.3 3.0 0.7 1.0 2.0 1.0 1.0 1.0 4.0 5.0 1.0

N Torrance - West 2.8 2.2 1.8 1.6 1.2 2.0 1.0 3.0 2.0 4.0 3.0 1.0

N Torrance - East 2.0 1.4 1.3 1.7 1.7 1.0 1.0 2.0 3.0 1.0 12.0 2.0

Old Torrance 5.0 1.8 1.8 2.8 2.1 1.0 2.0 3.0 4.0 2.0 3.0 1.0

South East Torrance - East 5.7 10.5 2.3 2.2 2.3 2.0 3.0 1.0 7.0 6.0 3.0 1.0

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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 2.0 2.0 3.0 1.0

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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


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Summary

December was outstanding for Torrance real estate investment with total sales up by 50%, median sales price up by 8.5% or $55K,and the sales-listing ratio sky rocketing 152.3%. However, net listings and median days moved in the opposite direction by double

digits during the same time period. Year-over-year median sales price for December activity increased 17.8% or $105+K.

In the news According to C.A.R., For 2015 as a whole, a preliminary figure of 407,060 single-family homes closed escrow in

California, up 6.4 percent from a revised 382,720 in 2014.

http://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standard

Please contact me today to schedule a free listing CMA or a buyer pre-purchase evaluation. And remember, when selecting a

realtor it doesnt cost you more to work with the best.


Month-to-Month Comparison Nov 2015 Dec 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 64 96 32 50.0%


Median Days to Sell 36 44 8 22.2%

Listings 212 126 -86 -40.6%

Sales/Listing Ratio 30.2% 76.2% 46.0% 152.3%Months of Inventory 3.0 1.0 -2.0 -66.7%

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

Total Sales 78 96 18 23.1%


Median Days to Sell 49 44 -5 -10.2%

Listings 180 126 -54 -30.0%

http://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standardhttp://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standardhttp://hadychahine.com/http://hadychahine.com/


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About

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The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitors 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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torrance real estate market conditions - december 2015

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