Torrance Real Estate Market Conditions - May 2016

Torrance
Residential Real Estate

Market Conditions
May 2016
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
Table of
Contents
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
About Hady Chahine

Contact Information
Key Statistics for May

Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory
Apr 2016
109
650,500
31
182
59.9%
2.0
May 2016
Delta (qty)
89
-20
730,000
79,500
34
3
197
15
45.2%
-14.7%
2.0
0.0
Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory
May 2015
109
675,000
36
202
2.0
May 2016
89
730,000
34
197
2.0
Back to Table of Contents
Delta
-20
55,000
-2
-5
0
Delta (%)
-18.3%
12.2%
9.7%
8.2%
-24.5%
0.0%
Increase
Decrease
Delta
-18.3%
8.1%
-5.6%
-2.5%
0.0%
Increase
Decrease
= trending positive
= trending positive
= trending negative
= trending negative
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
Mar
23
2
8
7
9
3
13
4
12
8
89
Apr
13
7
8
16
8
9
18
10
15
5
109
May
12
5
12
10
12
5
7
12
5
9
89
2016 Total Sales Month-to-Month by Map Area

120
Central Torrance
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
Total Sales
100
80
60
40
20
Mar
Apr
May
Total Sales Year-to-Year by Map Area

Central Torrance
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
Total Sales
2014
22
2
8
7
3
13
15
10
9
8
97
2015
16
7
13
9
7
11
17
9
13
7
109
2016
12
5
12
10
12
5
7
12
5
9
89
Total Sales Year-to-Year by Map Area: May

120
Central Torrance
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
Total Sales
100
80
60
40
20
2014
2015
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
Mar
645,000
397,450
873,000
920,000
850,000
940,000
629,990
625,000
579,450
667,500
675,000
Apr
575,000
530,000
973,500
830,500
670,000
789,000
588,250
566,500
551,750
810,000
650,500
May
650,000
450,000
1,266,858
893,500
861,000
840,000
695,000
581,000
454,000
736,000
730,000
2016 Median Sales Price Month-to-Month by Map Area

1,400,000
Central Torrance
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
1,200,000
1,000,000
800,000
600,000
400,000
200,000
Mar
Apr
May
Median Sales Price Year-to-Year by Map Area

Central Torrance
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
2014
2015
2016
587,500
685,000
650,000
622,500
699,900
450,000
971,688 1,159,000 1,266,858
785,000
765,000
893,500
685,000
735,000
861,000
725,000
697,000
840,000
545,000
595,000
695,000
530,500
544,500
581,000
515,000
525,000
454,000
671,000
742,500
736,000
630,000
675,000
730,000
Median Sales Price Year-to-Year by Map Area: May

1,400,000
Central Torrance
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
1,200,000
1,000,000
800,000
600,000
400,000
200,000
2014
2015
2016
2016 Active Listings by Map Area

35
30
Central Torrance
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
25
20
15
10
5
Jan
Active Listings vs. Total Sales by Map Area

Central Torrance
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
Total Active Listings
Feb
Mar
Apr
May
Jun
Jan
24
12
18
10
11
4
27
13
20
12
151
Feb
25
18
22
15
14
10
33
18
24
13
192
Mar
23
14
14
17
12
14
23
17
28
15
177
Apr
21
16
16
15
11
13
30
15
30
15
182
May
20
22
22
23
10
13
28
13
30
16
197
Jul
Jun
Aug
Jul
Sep
Aug
Oct
Sep
Nov
Oct
Dec
Nov
Dec
2016 Total Active Listings vs. Total Sales

Total Sales
200
180
160
140
120
100
80
60
40
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Active Listings vs. Total Sales by Map Area

Jan
Feb Mar Apr May Jun
Central Torrance
24
25
23
21
20
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
12
13
15
15
16
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%
Aug
Sep
Oct
Nov
Jul
Aug
Sep
Oct
Dec
Nov
Dec
Active Listings Year-to-Year by Map Area

Central Torrance
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
2014
38
16
25
17
14
19
23
12
40
27
231
2015
35
14
19
16
9
12
28
20
29
20
202
2016
20
22
22
23
10
13
28
13
30
16
197
Active Listings Year-to-Year by Map Area: May

250
Central Torrance
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
200
150
100
50
2014
2015
2016
2016 Months of Inventory by Map Area

9.0
8.0
Central Torrance
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
7.0
6.0
5.0
4.0
3.0
2.0
1.0
Months of Inventory by Map Area

Central Torrance
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
Jan
Feb
Mar
Apr
Jan
4.0
4.0
5.0
1.0
2.0
3.0
3.0
3.0
3.0
Feb
2.0
9.0
3.0
4.0
5.0
3.0
4.0
2.0
4.0
3.0
Mar
1.0
7.0
2.0
2.0
1.0
5.0
2.0
4.0
2.0
2.0
Apr
2.0
2.0
2.0
1.0
1.0
1.0
2.0
2.0
2.0
3.0
May
May
2.0
4.0
2.0
2.0
1.0
3.0
4.0
1.0
6.0
2.0
Jun
Jun
Jul
Jul
Aug
Aug
Sep
Sep
Oct
Oct
Nov
Nov
Dec
Dec
Months of Inventory Year-to-Year

4.0
3.5
3.0
2.5
2.0
1.5
2014
2015
2016
1.0
0.5
Jan
Feb
Months of Inventory Year-to-Year

2014
2015
2016
Mar
Jan
3.0
4.0
3.0
Apr
Feb
2.0
3.0
3.0
May
Mar
2.0
2.0
2.0
Jun
Apr
3.0
2.0
2.0
Jul
May
2.0
2.0
2.0
Aug
Jun
4.0
2.0
Sep
Jul
2.0
2.0
Aug
2.0
2.0
Oct
Sep
3.0
3.0
Nov
Oct
2.0
3.0
Dec
Nov
3.0
3.0
Dec
2.0
1.0
Summary
Investing 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 to
contact me to schedule a time to discuss how I can be of service to you.
Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory
Apr 2016
109
650,500
31
182
59.9%
2.0
May 2016
Delta (qty)
89
-20
730,000
79,500
34
3
197
15
45.2%
-14.7%
2.0
0.0
Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory
May 2015
109
675,000
36
202
2.0
May 2016
89
730,000
34
197
2.0
Delta
-20
55,000
-2
-5
0
Delta (%)
-18.3%
12.2%
9.7%
8.2%
-24.5%
0.0%
Increase
Decrease
Delta
-18.3%
8.1%
-5.6%
-2.5%
0.0%
Increase
Decrease
About
Hady Chahine
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
Hady Chahine
hady@hadychahine.com
310-404-5361
Website
Listings
MLS
BLOG
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.

Torrance Real Estate Market Conditions - May 2016

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Torrance Real Estate Market Conditions - May 2016

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Torrance

Residential Real Estate

Key Statistics for May

About Hady Chahine

Key Statistics for May

Monthly Comparison Year-to-Year

Back to Table of Contents

Total Sales Month-to-Month by Map Area

2016 Total Sales Month-to-Month by Map Area

Back to Table of Contents

Total Sales Year-to-Year by Map Area

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

Back to Table of Contents

Median Sales Price Month-to-Month by Map Area

2016 Median Sales Price Month-to-Month by Map Area

Back to Table of Contents

Median Sales Price Year-to-Year by Map Area

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

Back to Table of Contents

2016 Active Listings by Map Area

Active Listings vs. Total Sales by Map Area

2016 Total Active Listings vs. Total Sales

Total Active Listings

Active Listings vs. Total Sales by Map Area

Active Listings Year-to-Year by Map Area

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

Back to Table of Contents

2016 Months of Inventory by Map Area

Months of Inventory by Map Area

Months of Inventory Year-to-Year

Months of Inventory Year-to-Year

Back to Table of Contents

Monthly Comparison Year-to-Year

Back to Table of Contents

Back to Table of Contents

Back to Table of Contents

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