Torrance

Residential Real Estate

Market Conditions
August 2016

Key Statistics for August

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 August

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

Jul 2015
103
695,900
33
203
50.7%
2.0

Aug 2016
Delta (qty)
134
31
725,000
29,100
34
1
165
-38
81.2%
30.5%
1.0
-1.0

Monthly Comparison Year-to-Year

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

Aug 2015
100
672,000
35
245
2.0

Aug 2016
134
725,000
34
165
1.0

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Delta
34
53,000
-1
-80
-1

Delta (%)
30.1%
4.2%
3.0%
-18.7%
60.2%
-50.0%

Increase

Decrease

Delta
34.0%
7.9%
-2.9%
-32.7%
-50.0%

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

Jun
21
6
12
10
8
10
14
8
13
12
114

Jul
15
12
11
7
5
9
15
7
17
5
103

Aug
15
11
14
16
6
16
17
13
15
11
134

2016 Total Sales Month-to-Month by Map Area

140
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

120
100
80

60
40
20
Jun

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Jul

Aug

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
18
10
18
5
5
5
11
8
12
7
99

2015
19
6
8
10
4
15
8
9
10
11
100

2016
15
11
14
16
6
16
17
13
15
11
134

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

140
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

120
100
80
60
40
20
2014

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2015

2016

Median Sales Price Month-to-Month by Map Area

Jun
Central Torrance
605,000
South East Torrance - West
367,450
Hollywood Riviera
1,177,000
South Torrance
856,500
Southwood
687,500
West Torrance
865,500
N Torrance - West
603,000
N Torrance - East
542,500
Old Torrance
595,000
South East Torrance - East
742,500
Market Median Sales Price
695,000

Jul
700,000
662,500
1,200,000
865,000
750,000
845,000
513,000
655,000
610,000
750,000
695,900

Aug
600,000
625,000
1,203,500
868,500
817,500
827,500
618,000
645,000
635,000
705,000
725,000

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

1,400,000
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

1,200,000
1,000,000

800,000
600,000
400,000
200,000
Jun

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Jul

Aug

Median Sales Price Year-to-Year by Map Area

2014
2015
2016
Central Torrance
597,500
565,000
600,000
South East Torrance - West
738,750
839,500
625,000
Hollywood Riviera
1,019,000 1,192,944 1,203,500
South Torrance
742,000
835,000
868,500
Southwood
717,000
735,000
817,500
West Torrance
775,000
730,000
827,500
N Torrance - West
549,900
577,500
618,000
N Torrance - East
560,000
605,000
645,000
Old Torrance
546,500
585,000
635,000
South East Torrance - East
648,000
699,000
705,000
Market Median Sales Price
654,000
672,000
725,000

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

1,400,000
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

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

Mar

Apr

May

Jun

Jul

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

Jun
24
21
24
21
7
24
28
14
32
18
213

Aug

Jul
27
13
26
21
8
17
32
15
30
14
203

Sep

Aug
29
12
25
14
7
19
27
5
18
9
165

Oct

Sep

Nov

Oct

Dec

Nov

Dec

2016 Total Active Listings vs. Total Sales

250
200
150
100
Total Active Listings
Total Sales

50
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Active Listings vs. Total Sales by Map Area

Jan
Feb Mar Apr May Jun
Jul
Aug Sep
Central Torrance
24
25
23
21
20
24
27
29
South East Torrance - West
12
18
14
16
22
21
13
12
Hollywood Riviera
18
22
14
16
22
24
26
25
South Torrance
10
15
17
15
23
21
21
14
Southwood
11
14
12
11
10
7
8
7
West Torrance
4
10
14
13
13
24
17
19
N Torrance - West
27
33
23
30
28
28
32
27
N Torrance - East
13
18
17
15
13
14
15
5
Old Torrance
20
24
28
30
30
32
30
18
South East Torrance - East
12
13
15
15
16
18
14
9
Total Active Listings
151 192 177 182 197 213 203 165
Total Sales
58
60
89 109
89 114 103 134
Sales/Listings Ratio 38.4% 31.3% 50.3% 59.9% 45.2% 53.5% 50.7% 81.2%

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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
37
16
31
16
8
21
29
12
48
28
246

2015
42
19
40
18
9
23
34
17
28
15
245

2016
29
12
25
14
7
19
27
5
18
9
165

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

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
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

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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8.0
7.0

6.0
5.0
4.0
3.0
2.0
1.0
Jan

Feb

Mar

Apr

May

Jun

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
2.0
4.0
2.0
2.0
1.0
3.0
4.0
1.0
6.0
2.0

Jun
1.0
4.0
2.0
2.0
1.0
2.0
2.0
2.0
2.0
2.0

Jul

Jul
2.0
1.0
2.0
3.0
2.0
2.0
2.0
2.0
2.0
3.0

Aug

Aug
2.0
1.0
2.0
1.0
1.0
1.0
2.0
1.0
1.0

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

1.0

2015
2016

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
2.0

Aug

Jun
4.0
2.0
2.0

Sep

Jul
2.0
2.0
2.0

Aug
2.0
2.0
1.0

Oct

Sep
3.0
3.0

Nov

Oct
2.0
3.0

Dec

Nov
3.0
3.0

Dec
2.0
1.0

Summary
Real estate activity picked up in Torrance during August as total sales improved 30.1%, median sales price increased 4.2%, and the
sales-listing ratio spiked 60.2%. Moving in the opposite direction, however, were the median days to sell (+3.0%) and net listings
(-18.7%) data points. Year-over-year the months of inventory metric dropped 50% from 2.0 in 2015 in 1.0 in 2016.
In the news According to C.A.R., At $526,580, Augusts statewide median home price is at its highest level in nearly seven
years. http://www.car.org/newsstand/newsreleases/2016releases/august2016sales?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

Jul 2015
103
695,900
33
203
50.7%
2.0

Aug 2016
Delta (qty)
134
31
725,000
29,100
34
1
165
-38
81.2%
30.5%
1.0
-1.0

Monthly Comparison Year-to-Year

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

Aug 2015
100
672,000
35
245
2.0

Aug 2016
134
725,000
34
165
1.0

Back to Table of Contents

Delta
34
53,000
-1
-80
-1

Delta (%)
30.1%
4.2%
3.0%
-18.7%
60.2%
-50.0%

Increase

Decrease

Delta
34.0%
7.9%
-2.9%
-32.7%
-50.0%

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

Website

Listings

MLS

BLOG

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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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