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7/25/2019 Torrance Real Estate Market Conditions - May 2016
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TorranceResidential Real Estate
Market ConditionsMay 2016
http://hadychahine.com/7/25/2019 Torrance Real Estate Market Conditions - May 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
About Hady Chahine
Contact Information
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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 Sales Price 675,000 730,000 55,000 8.1%
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
Central Torrance 22 16 12
South East Torrance - West 2 7 5
Hollywood Riviera 8 13 12
South Torrance 7 9 10
Southwood 3 7 12
West Torrance 13 11 5N Torrance - West 15 17 7
N Torrance - East 10 9 12
Old Torrance 9 13 5
South East Torrance - East 8 7 9
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
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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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
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
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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
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West TorranceN Torrance - West
N Torrance - East
Old Torrance
South East Torrance - East
Market Median Sales Price
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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
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - EastOld Torrance
South East Torrance - East
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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%
-
20
40
60
80
100
120
140
160180
200
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2014 2015 2016
Central Torrance 38 35 20
South East Torrance - West 16 14 22
Hollywood Riviera 25 19 22
South Torrance 17 16 23
Southwood 14 9 10
West Torrance 19 12 13N Torrance - West 23 28 28
N Torrance - East 12 20 13
Old Torrance 40 29 30
South East Torrance - East 27 20 16
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
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West TorranceN Torrance - West
N Torrance - East
Old Torrance
South East Torrance - East
Total Active Listings
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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
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 Months of Inventory by Map Area
Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - WestN Torrance - East
Old Torrance
South East Torrance - East
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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
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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.
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Monthly Comparison Year-to-Year May 2015 May 2016 Delta Delta Increase Decrease
Total Sales 109 89 -20 -18.3%
Median Sales Price 675,000 730,000 55,000 8.1%
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 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%
http://www.car.org/newsstand/newsreleases/2016releases/May2016sales?view=Standardhttp://www.car.org/newsstand/newsreleases/2016releases/May2016sales?view=Standardhttp://hadychahine.com/http://hadychahine.com/7/25/2019 Torrance Real Estate Market Conditions - May 2016
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Serving South Bay Home Buyers and Sellers Since 2001
RE/MAX Top 4 Team in California2012 RE/MAX 100% Club - 2011
Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010
About
Hady Chahine
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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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Hady Chahine
hady@hadychahine.com 310-404-5361
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