december 2016 torrance real estate market trends update
TRANSCRIPT
Table of
Contents
Key Statistics for December
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 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 December
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Nov 2016 Dec 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 87 80 -7 -8.0%
Median Sales Price 680,000 732,500 52,500 7.7%
Median Days to Sell 22 14 -8 -36.4%
Listings 127 107 -20 -15.7%
Sales/Listing Ratio 68.5% 74.8% 6.3% 9.2%
Months of Inventory 1.0 1.0 0.0 0.0%
Monthly Comparison Year-to-Year Dec 2015 Dec 2016 Delta Delta Increase Decrease
Total Sales 101 80 -21 -20.8%
Median Sales Price 690,000 732,500 42,500 6.2%
Median Days to Sell 47 14 -33 -70.2%
Listings 159 107 -52 -32.7%
Months of Inventory 1.0 1.0 0 0.0%
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Total Sales Month-to-Month by Map Area Oct Nov Dec
Central Torrance 19 17 13
South East Torrance - West 7 6 4
Hollywood Riviera 11 7 12
South Torrance 12 4 7
Southwood 5 4 5
West Torrance 7 10 7
N Torrance - West 9 17 15
N Torrance - East 6 8 6
Old Torrance 10 9 9
South East Torrance - East 4 5 2
Total Sales 90 87 80
-
10
20
30
40
50
60
70
80
90
Oct Nov Dec
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 11 12 13
South East Torrance - West 9 4 4
Hollywood Riviera 11 10 12
South Torrance 3 11 7
Southwood 5 4 5
West Torrance 4 10 7
N Torrance - West 13 19 15
N Torrance - East 8 7 6
Old Torrance 8 13 9
South East Torrance - East 6 11 2
Total Sales 78 101 80
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20
40
60
80
100
120
2014 2015 2016
Total Sales Year-to-Year by Map Area: December
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 Oct Nov Dec
Central Torrance 581,000 632,000 685,000
South East Torrance - West 485,000 817,000 589,500
Hollywood Riviera 1,100,000 1,150,000 1,312,500
South Torrance 816,000 829,750 865,000
Southwood 835,000 920,000 800,000
West Torrance 800,000 747,500 735,000
N Torrance - West 640,000 650,000 650,000
N Torrance - East 625,000 645,000 652,500
Old Torrance 565,000 560,000 625,000
South East Torrance - East 761,500 681,000 827,000
Market Median Sales Price 732,500 680,000 732,500
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
Oct Nov Dec
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 610,000 637,500 685,000
South East Torrance - West 765,000 608,500 589,500
Hollywood Riviera 1,109,999 960,000 1,312,500
South Torrance 808,000 775,000 865,000
Southwood 700,000 788,750 800,000
West Torrance 639,950 839,500 735,000
N Torrance - West 570,000 577,500 650,000
N Torrance - East 552,000 565,000 652,500
Old Torrance 488,500 540,000 625,000
South East Torrance - East 667,000 621,000 827,000
Market Median Sales Price 594,050 690,000 732,500
-
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: December
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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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 24 27 29 27 21 20 15
South East Torrance - West 12 18 14 16 22 21 13 12 6 6 6 5
Hollywood Riviera 18 22 14 16 22 24 26 25 26 22 20 18
South Torrance 10 15 17 15 23 21 21 14 12 12 8 9
Southwood 11 14 12 11 10 7 8 7 6 7 7 6
West Torrance 4 10 14 13 13 24 17 19 14 18 16 14
N Torrance - West 27 33 23 30 28 28 32 27 31 24 16 18
N Torrance - East 13 18 17 15 13 14 15 5 13 12 9 4
Old Torrance 20 24 28 30 30 32 30 18 23 19 15 12
South East Torrance - East 12 13 15 15 16 18 14 9 11 9 10 6
Total Active Listings 151 192 177 182 197 213 203 165 169 150 127 107
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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 - East
Old 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 24 27 29 27 21 20 15
South East Torrance - West 12 18 14 16 22 21 13 12 6 6 6 5
Hollywood Riviera 18 22 14 16 22 24 26 25 26 22 20 18
South Torrance 10 15 17 15 23 21 21 14 12 12 8 9
Southwood 11 14 12 11 10 7 8 7 6 7 7 6
West Torrance 4 10 14 13 13 24 17 19 14 18 16 14
N Torrance - West 27 33 23 30 28 28 32 27 31 24 16 18
N Torrance - East 13 18 17 15 13 14 15 5 13 12 9 4
Old Torrance 20 24 28 30 30 32 30 18 23 19 15 12
South East Torrance - East 12 13 15 15 16 18 14 9 11 9 10 6
Total Active Listings 151 192 177 182 197 213 203 165 169 150 127 107
Total Sales 58 60 89 109 89 114 103 134 108 90 87 80
Sales/Listings Ratio 38.4% 31.3% 50.3% 59.9% 45.2% 53.5% 50.7% 81.2% 63.9% 60.0% 68.5% 74.8%
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50
100
150
200
250
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 28 29 15
South East Torrance - West 16 12 5
Hollywood Riviera 24 18 18
South Torrance 15 9 9
Southwood 4 7 6
West Torrance 12 12 14
N Torrance - West 23 27 18
N Torrance - East 12 14 4
Old Torrance 31 17 12
South East Torrance - East 18 14 6
Total Active Listings 183 159 107
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20
40
60
80
100
120
140
160
180
200
2014 2015 2016
Active Listings Year-to-Year by Map Area: December
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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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 1.0 2.0 2.0 2.0 1.0 1.0 1.0
South East Torrance - West 4.0 9.0 7.0 2.0 4.0 4.0 1.0 1.0 - 1.0 1.0 1.0
Hollywood Riviera 5.0 3.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 3.0 2.0
South Torrance 1.0 4.0 2.0 1.0 2.0 2.0 3.0 1.0 2.0 1.0 2.0 1.0
Southwood 2.0 5.0 1.0 1.0 1.0 1.0 2.0 1.0 1.0 1.0 2.0 1.0
West Torrance - 3.0 5.0 1.0 3.0 2.0 2.0 1.0 2.0 3.0 2.0 2.0
N Torrance - West 3.0 4.0 2.0 2.0 4.0 2.0 2.0 2.0 2.0 3.0 1.0 1.0
N Torrance - East 3.0 2.0 4.0 2.0 1.0 2.0 2.0 - 4.0 2.0 1.0 1.0
Old Torrance 3.0 4.0 2.0 2.0 6.0 2.0 2.0 1.0 1.0 2.0 2.0 1.0
South East Torrance - East 3.0 3.0 2.0 3.0 2.0 2.0 3.0 1.0 1.0 2.0 2.0 3.0
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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 - West
N 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 2.0 2.0 1.0 2.0 2.0 1.0 1.0
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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
Summary Torrance real estate activity in the month December produced a 7.7% improvement in the median sales price, 36.5% drop in the median days to sell, and a 9.2% increase in the sales-listing ratio. During this time, unfortunately, total sales decreased 8.0% while net listings shrunk by 15.7%. Year-over-year months of inventory data point shows a net 0% change from 2015 to 2016.
In December, C.A.R. reported ““Demand for homes continued to outstrip supply, causing the Unsold Inventory Index to decline to 3.1 months in November from 4.2 months in November 2015.” http://www.car.org/newsstand/newsreleases/2016releases/nov2016sales?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!
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Monthly Comparison Year-to-Year Dec 2015 Dec 2016 Delta Delta Increase Decrease
Total Sales 101 80 -21 -20.8%
Median Sales Price 690,000 732,500 42,500 6.2%
Median Days to Sell 47 14 -33 -70.2%
Listings 159 107 -52 -32.7%
Months of Inventory 1.0 1.0 0 0.0%
Month-to-Month Comparison Nov 2016 Dec 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 87 80 -7 -8.0%
Median Sales Price 680,000 732,500 52,500 7.7%
Median Days to Sell 22 14 -8 -36.4%
Listings 127 107 -20 -15.7%
Sales/Listing Ratio 68.5% 74.8% 6.3% 9.2%
Months of Inventory 1.0 1.0 0.0 0.0%
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