torrance real estate market conditions - may 2016

7/25/2019 Torrance Real Estate Market Conditions - May 2016

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TorranceResidential Real Estate

Market ConditionsMay 2016
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Table ofContents

Key Statistics for May

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

Listings2016 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 May

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Apr 2016 May 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 109 89 -20 -18.3%

Median Sales Price 650,500 730,000 79,500 12.2%

Median Days to Sell 31 34 3 9.7%

Listings 182 197 15 8.2%

Sales/Listing Ratio 59.9% 45.2% -14.7% -24.5%

Months of Inventory 2.0 2.0 0.0 0.0%

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

Total Sales 109 89 -20 -18.3%


Median Days to Sell 36 34 -2 -5.6%

Listings 202 197 -5 -2.5%

Months of Inventory 2.0 2.0 0 0.0%
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Total Sales Month-to-Month by Map Area Mar Apr May

Central Torrance 23 13 12

South East Torrance - West 2 7 5

Hollywood Riviera 8 8 12

South Torrance 7 16 10

Southwood 9 8 12

West Torrance 3 9 5N Torrance - West 13 18 7

N Torrance - East 4 10 12

Old Torrance 12 15 5

South East Torrance - East 8 5 9

Total Sales 89 109 89

-

20

40

60

80

100

120

Mar Apr May

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





Southwood 3 7 12



Old Torrance 9 13 5


Total Sales 97 109 89

-

20

40

60

80

100

120

2014 2015 2016

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

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 Mar Apr May

Central Torrance 645,000 575,000 650,000

South East Torrance - West 397,450 530,000 450,000

Hollywood Riviera 873,000 973,500 1,266,858

South Torrance 920,000 830,500 893,500

Southwood 850,000 670,000 861,000

West Torrance 940,000 789,000 840,000N Torrance - West 629,990 588,250 695,000

N Torrance - East 625,000 566,500 581,000

Old Torrance 579,450 551,750 454,000

South East Torrance - East 667,500 810,000 736,000

MarketMedian Sales Price 675,000 650,500 730,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Mar Apr May

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


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Median Sales Price Year-to-Year by Map Area 2014 2015 2016

Central Torrance 587,500 685,000 650,000

South East Torrance - West 622,500 699,900 450,000

Hollywood Riviera 971,688 1,159,000 1,266,858

South Torrance 785,000 765,000 893,500

Southwood 685,000 735,000 861,000

West Torrance 725,000 697,000 840,000N Torrance - West 545,000 595,000 695,000

N Torrance - East 530,500 544,500 581,000

Old Torrance 515,000 525,000 454,000

South East Torrance - East 671,000 742,500 736,000

Market Median Sales Price 630,000 675,000 730,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2014 2015 2016

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

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West TorranceN 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 24 25 23 21 20

South East Torrance - West 12 18 14 16 22

Hollywood Riviera 18 22 14 16 22South Torrance 10 15 17 15 23

Southwood 11 14 12 11 10

West Torrance 4 10 14 13 13

N Torrance - West 27 33 23 30 28

N Torrance - East 13 18 17 15 13

Old Torrance 20 24 28 30 30

South East Torrance - East 12 13 15 15 16

Total Active Li stings 151 192 177 182 197

-

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 - EastOld Torrance




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

South East Torrance - West 12 18 14 16 22

Hollywood Riviera 18 22 14 16 22

South Torrance 10 15 17 15 23

Southwood 11 14 12 11 10

West Torrance 4 10 14 13 13

N Torrance - West 27 33 23 30 28

N Torrance - East 13 18 17 15 13

Old Torrance 20 24 28 30 30

South East Torrance - East 12 13 15 15 16

Total Active Listings 151 192 177 182 197

Total Sales 58 60 89 109 89

Sales/Listings Ratio 38.4% 31.3% 50.3% 59.9% 45.2%

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20

40

60

80

100

120

140

160180

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 14 9 10



Old Torrance 40 29 30


Total Active Listings 231 202 197

-

50

100

150

200

250

2014 2015 2016

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

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 4.0 2.0 1.0 2.0 2.0

South East Torrance - West 4.0 9.0 7.0 2.0 4.0

Hollywood Riviera 5.0 3.0 2.0 2.0 2.0

South Torrance 1.0 4.0 2.0 1.0 2.0

Southwood 2.0 5.0 1.0 1.0 1.0

West Torrance - 3.0 5.0 1.0 3.0

N Torrance - West 3.0 4.0 2.0 2.0 4.0

N Torrance - East 3.0 2.0 4.0 2.0 1.0

Old Torrance 3.0 4.0 2.0 2.0 6.0

South East Torrance - East 3.0 3.0 2.0 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 - WestN 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 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

2014

2015

2016


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SummaryInvesting in Torrance real estate during the month of May produced mixed results as total sales dropped 18.3%, median days to

sell climbed 9.7%, and the sales-listing ratio shrunk 24.5% relative to a 12.2% improvement in the median sales price and an 8.2%

jump in net listings. Year-over-year the median sales price grew 8.1% or by $55K.

In the news According to C.A.R., California existing home sales edged up in May, rising above the 400,000 benchmark level

for the third straight month, while strained housing supply continued to push prices higher.

http://www.car.org/newsstand/newsreleases/2016releases/May2016sales?view=Standard

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


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

Total Sales 109 89 -20 -18.3%


Median Days to Sell 36 34 -2 -5.6%

Listings 202 197 -5 -2.5%

Months of Inventory 2.0 2.0 0 0.0%

Month-to-Month Comparison Apr 2016 May 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 109 89 -20 -18.3%


Median Days to Sell 31 34 3 9.7%

Listings 182 197 15 8.2%

Sales/Listing Ratio 59.9% 45.2% -14.7% -24.5%Months of Inventory 2.0 2.0 0.0 0.0%
http://www.car.org/newsstand/newsreleases/2016releases/May2016sales?view=Standardhttp://www.car.org/newsstand/newsreleases/2016releases/May2016sales?view=Standardhttp://hadychahine.com/http://hadychahine.com/


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Serving South Bay Home Buyers and Sellers Since 2001

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

About

Hady Chahine


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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

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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 - may 2016

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