Torrance

Residential Real Estate

Market Conditions
April 2016

Key Statistics for April

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 April

Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory

Mar 2016
89
675,000
35
177
50.3%
2.0

Apr 2016
Delta (qty)
109
20
650,500
(24,500)
31
-4
182
5
59.9%
9.6%
2.0
0.0

Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory

Apr 2015
105
668,000
32
211
2.0

Apr 2016
109
650,500
31
182
2.0

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Delta
4
(17,500)
-1
-29
0

Delta (%)
22.5%
-3.6%
-11.4%
2.8%
19.1%
0.0%

Increase

Decrease

Delta
3.8%
-2.6%
-3.1%
-13.7%
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

Feb
12
2
8
4
3
3
8
9
6
5
60

Mar
23
2
8
7
9
3
13
4
12
8
89

Apr
13
7
8
16
8
9
18
10
15
5
109

2016 Total Sales Month-to-Month by Map Area

120
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

100
80
60
40
20
Feb

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Mar

Apr

Total Sales Year-to-Year 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

2014
10
3
10
9
4
4
15
8
8
5
76

2015
20
11
8
8
8
11
14
10
9
6
105

2016
13
7
8
16
8
9
18
10
15
5
109

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

120
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

100

80
60
40
20
2014

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2015

2016

Median Sales Price Month-to-Month by Map Area

Feb
Central Torrance
565,000
South East Torrance - West
766,000
Hollywood Riviera
1,002,500
South Torrance
742,500
Southwood
755,000
West Torrance
1,050,000
N Torrance - West
599,000
N Torrance - East
555,000
Old Torrance
612,450
South East Torrance - East
600,000
Market Median Sales Price
621,250

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

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

1,200,000
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

1,000,000
800,000
600,000
400,000
200,000
Feb

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Mar

Apr

Median Sales Price Year-to-Year by Map Area

2014
2015
Central Torrance
492,450
657,500
South East Torrance - West
590,000
410,000
Hollywood Riviera
1,143,000 1,072,500
South Torrance
730,000
892,500
Southwood
699,800
792,500
West Torrance
677,500
698,500
N Torrance - West
538,000
600,000
N Torrance - East
532,500
502,500
Old Torrance
540,000
585,000
South East Torrance - East
506,000
692,500
Market Median Sales Price
627,000
668,000

2016
575,000
530,000
973,500
830,500
670,000
789,000
588,250
566,500
551,750
810,000
650,500

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

1,200,000
Central Torrance
South East Torrance - West

1,000,000

Hollywood Riviera
South Torrance

800,000

Southwood
West Torrance

600,000

N Torrance - West
N Torrance - East

400,000

Old Torrance
South East Torrance - East

200,000

Market Median Sales Price

2014

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2015

2016

2016 Active Listings by Map Area

35
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

30
25
20
15
10
5
Jan

Active Listings vs. Total Sales 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 Active Listings
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Feb

Jan
24
12
18
10
11
4
27
13
20
12
151

Mar

Feb
25
18
22
15
14
10
33
18
24
13
192

Apr

May

Jun

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

Jul

Jun

Aug

Jul

Sep

Aug

Oct

Sep

Nov

Oct

Nov

Dec

Dec

2016 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales

200
180
160
140
120
100
80
60
40
20
Jan

Feb

Mar

Apr

May

Jun

Active Listings vs. Total Sales by Map Area

Jan
Feb Mar Apr May
Central Torrance
24
25
23
21
South East Torrance - West
12
18
14
16
Hollywood Riviera
18
22
14
16
South Torrance
10
15
17
15
Southwood
11
14
12
11
West Torrance
4
10
14
13
N Torrance - West
27
33
23
30
N Torrance - East
13
18
17
15
Old Torrance
20
24
28
30
South East Torrance - East
12
13
15
15
Total Active Listings
151 192 177 182
Total Sales
58
60
89 109
Sales/Listings Ratio 38.4% 31.3% 50.3% 59.9%
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Jul

Aug

Jun

Jul

Sep

Aug

Oct

Sep

Nov

Oct

Dec

Nov

Dec

Active Listings Year-to-Year 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 Active Listings

2014
30
6
19
21
10
18
30
12
29
21
196

2015
40
13
25
22
10
9
27
22
26
17
211

2016
21
16
16
15
11
13
30
15
30
15
182

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

250
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

200

150

100

50

2014

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2015

2016

2016 Months of Inventory by Map Area

9.0
8.0
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

7.0
6.0
5.0
4.0
3.0
2.0
1.0

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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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

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
2014

1.5

2015
2016

1.0
0.5
Jan

Feb

Months of Inventory Year-to-Year

2014
2015
2016

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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

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
Torrance real estate investors were busy in April as total sales spiked 22.5%, median days to sell fell 11.4%, net listings improved
2.8%, and the sales-listing ratio increased 19.1%. Despite the aforementioned the median sales price did fall, but by a marginal
3.6%.
In the news According to C.A.R., statewide median home price climbs, breaking $500,000 for first time in nine years.
http://www.car.org/newsstand/newsreleases/2016releases/April2016sales?view=Standard

For listing or buying questions or representation, or further information on market trending behavior, please feel free to contact
me anytime. I look forward to hearing from you!

Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory

Mar 2016
89
675,000
35
177
50.3%
2.0

Apr 2016
Delta (qty)
109
20
650,500
(24,500)
31
-4
182
5
59.9%
9.6%
2.0
0.0

Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory

Apr 2015
105
668,000
32
211
2.0

Apr 2016
109
650,500
31
182
2.0

Back to Table of Contents

Delta
4
(17,500)
-1
-29
0

Delta (%)
22.5%
-3.6%
-11.4%
2.8%
19.1%
0.0%

Increase

Decrease

Delta
3.8%
-2.6%
-3.1%
-13.7%
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

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Hady Chahine
hady@hadychahine.com
310-404-5361

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Listings

MLS

BLOG

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