Torrance Real Estate Market Conditions - May 2015

Torrance Residential Real Estate

Market Conditions May 2015

Table of

Contents

Key Statistics for May

Sales 2015 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2015 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2015 Active Listings by Map Area 2015 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2015 Months of Inventory by Map Area Year-to-Year Months of Inventory

Outlook for June

About Hady Chahine Contact Information

Key Statistics for May

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Apr 2015 May 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 105 107 2 1.9%

Median Sales Price 668,000 670,000 2,000 0.3%

Median Days to Sell 32 35 3 9.4%

Listings 177 169 -8 -4.5%

Sales/Listing Ratio 59.3% 63.3% 4.0% 6.7%

Months of Inventory 1.7 1.6 -0.1 -5.9%

Monthly Comparison Year-to-Year May 2014 May 2015 Delta Delta Increase Decrease

Total Sales 97 107 10 10.3%



Listings 230 169 -61 -26.5%



Total Sales Month-to-Month by Map Area Mar Apr May

Central Torrance 12 20 16

South East Torrance - West 9 11 7

Hollywood Riviera 13 8 13

South Torrance 1 8 8

Southwood 3 8 6

West Torrance 3 11 11

N Torrance - West 11 14 17

N Torrance - East 8 10 9

Old Torrance 12 9 13

South East Torrance - East 7 6 7

Total Sales 79 105 107

0

20

40

60

80

100

120

Mar Apr May

2015 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


Total Sales Year-to-Year by Map Area 2013 2014 2015





Southwood 5 3 6






Total Sales 99 97 107

0

20

40

60

80

100

120

2013 2014 2015

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


Median Sales Price Month-to-Month by Map Area Mar Apr May

Central Torrance 736,500 657,500 685,000

South East Torrance - West 445,000 410,000 699,900

Hollywood Riviera 995,000 1,072,500 1,159,000

South Torrance 683,550 892,500 770,000

Southwood 765,000 792,500 742,500

West Torrance 1,002,000 698,500 697,000

N Torrance - West 607,500 600,000 595,000

N Torrance - East 527,500 502,500 544,500

Old Torrance 527,000 585,000 525,000

South East Torrance - East 615,000 692,500 742,500

Market Median Sales Price 620,000 668,000 670,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Mar Apr May

2015 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


Median Sales Price Year-to-Year by Map Area 2013 2014 2015

Central Torrance 620,500 587,500 685,000

South East Torrance - West 470,000 622,500 699,900

Hollywood Riviera 955,000 971,688 1,159,000

South Torrance 900,000 785,000 770,000

Southwood 680,000 685,000 742,500

West Torrance 720,000 725,000 697,000

N Torrance - West 562,000 545,000 595,000

N Torrance - East 504,000 530,500 544,500

Old Torrance 474,500 515,000 525,000

South East Torrance - East 615,000 671,000 742,500

Market Median Sales Price 595,000 630,000 670,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

2013 2014 2015

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

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N 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 27 28 29 34 31

South East Torrance - West 16 17 12 13 13

Hollywood Riviera 20 18 16 21 15

South Torrance 11 13 16 17 13

Southwood 6 6 8 7 8

West Torrance 12 13 9 8 11

N Torrance - West 17 20 20 22 20

N Torrance - East 10 7 10 17 15

Old Torrance 20 21 22 25 27

South East Torrance - East 17 21 16 13 16

Total Active Listings 156 164 158 177 169

-

5

10

15

20

25

30

35

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2015 Active Listings by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance



Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Central Torrance 27 28 29 34 31

South East Torrance - West 16 17 12 13 13

Hollywood Riviera 20 18 16 21 15

South Torrance 11 13 16 17 13

Southwood 6 6 8 7 8

West Torrance 12 13 9 8 11

N Torrance - West 17 20 20 22 20

N Torrance - East 10 7 10 17 15

Old Torrance 20 21 22 25 27

South East Torrance - East 17 21 16 13 16

Total Active Listings 156 164 158 177 169

Total Sales 44 67 79 105 107

Sales/Listings Ratio 28.2% 40.9% 50.0% 59.3% 63.3%

-

20

40

60

80

100

120

140

160

180


2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales


Active Listings Year-to-Year by Map Area 2013 2014 2015





Southwood 9 14 8






Total Active Listings 179 230 169

0

50

100

150

200

250

2013 2014 2015

Active Listings 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 Active Listings


Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Central Torrance 5.4 1.9 2.4 1.7 1.9

South East Torrance - West 2.7 8.5 1.3 1.2 1.9

Hollywood Riviera 5.0 2.3 1.2 2.6 1.2

South Torrance 2.8 2.6 16.0 2.1 1.6

Southwood 3.0 1.0 2.7 0.9 1.3

West Torrance 2.4 4.3 3.0 0.7 1.0

N Torrance - West 2.8 2.2 1.8 1.6 1.2

N Torrance - East 2.0 1.4 1.3 1.7 1.7

Old Torrance 5.0 1.8 1.8 2.8 2.1

South East Torrance - East 5.7 10.5 2.3 2.2 2.3

-

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0


2015 Months of Inventory by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance



Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 2.6 2.7 1.5 1.6 1.8 2.0 1.9 2.2 2.0 2.3 2.0 1.0

2014 2.0 2.0 2.0 2.2 2.1 3.0 2.1 2.1 2.7 2.2 2.3 1.8

2015 3.6 2.5 2.0 1.7 1.6

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


Months of Inventory Year-to-Year

2013

2014

2015

Outlook for June

According to the MLS, Torrance real estate activity in May was remarkably stable with data points almost identical to those recorded in April. Trending slightly upward, however, was total sales at 1.9%, the market median sales price at 0.3%, and the sales/listing ratio at 6.7%. From a year-to-year perspective the data is more encouraging as total sales are up by more than 10% and the market median sales price has climbed from $630K to $670K. My forecast for June activity is that buyers and sellers will more aggressively pursue each other as the Fed contemplates raising interest rates sometime this year.

How much will a 25 basis point increase in mortgage money cost you when amortized over the life of your loan? Read why financing a home now may be beneficial to your bottom line: http://www.latimes.com/business/realestate/la-fi-interest-rate-impact-20150615-story.html

Your recap


Month-to-Month Comparison Apr 2015 May 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 105 107 2 1.9%



Listings 177 169 -8 -4.5%

Sales/Listing Ratio 59.3% 63.3% 4.0% 6.7%



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About

Hady Chahine

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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Torrance Real Estate Market Conditions - May 2015