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TorranceResidential Real Estate
Market Conditions April 2016
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Table ofContents
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
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
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Contact Information
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Key Statistics for April
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Mar 2016 Apr 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 89 109 20 22.5%
Median Sales Price 675,000 650,500 (24,500) -3.6%
Median Days to Sell 35 31 -4 -11.4%
Listings 177 182 5 2.8%
Sales/Listing Ratio 50.3% 59.9% 9.6% 19.1%
Months of Inventory 2.0 2.0 0.0 0.0%
Monthly Comparison Year-to-Year Apr 2015 Apr 2016 Delta Delta Increase Decrease
Total Sales 105 109 4 3.8%
Median Sales Price 668,000 650,500 (17,500) -2.6%
Median Days to Sell 32 31 -1 -3.1%
Listings 211 182 -29 -13.7%
Months of Inventory 2.0 2.0 0 0.0%
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Total Sales Month-to-Month by Map Area Feb Mar Apr
Central Torrance 12 23 13
South East Torrance - West 2 2 7
Hollywood Riviera 8 8 8
South Torrance 4 7 16
Southwood 3 9 8
West Torrance 3 3 9 N Torrance - West 8 13 18
N Torrance - East 9 4 10
Old Torrance 6 12 15
South East Torrance - East 5 8 5
Total Sales 60 89 109
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20
40
60
80
100
120
Feb Mar Apr
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 10 20 13
South East Torrance - West 3 11 7
Hollywood Riviera 10 8 8
South Torrance 9 8 16
Southwood 4 8 8
West Torrance 4 11 9 N Torrance - West 15 14 18
N Torrance - East 8 10 10
Old Torrance 8 9 15
South East Torrance - East 5 6 5
Total Sales 76 105 109
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20
40
60
80
100
120
2014 2015 2016
Total Sales Year-to-Year by Map Area: April
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 Sales
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Median Sales Price Month-to-Month by Map Area Feb Mar Apr
Central Torrance 565,000 645,000 575,000
South East Torrance - West 766,000 397,450 530,000
Hollywood Riviera 1,002,500 873,000 973,500
South Torrance 742,500 920,000 830,500
Southwood 755,000 850,000 670,000
West Torrance 1,050,000 940,000 789,000 N Torrance - West 599,000 629,990 588,250
N Torrance - East 555,000 625,000 566,500
Old Torrance 612,450 579,450 551,750
South East Torrance - East 600,000 667,500 810,000
Market Median Sales Price 621,250 675,000 650,500
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
Feb Mar Apr
2016 Median Sales Price Month-to-Month by Map Area
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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Median Sales Price Year-to-Year by Map Area 2014 2015 2016
Central Torrance 492,450 657,500 575,000
South East Torrance - West 590,000 410,000 530,000
Hollywood Riviera 1,143,000 1,072,500 973,500
South Torrance 730,000 892,500 830,500
Southwood 699,800 792,500 670,000
West Torrance 677,500 698,500 789,000 N Torrance - West 538,000 600,000 588,250
N Torrance - East 532,500 502,500 566,500
Old Torrance 540,000 585,000 551,750
South East Torrance - East 506,000 692,500 810,000
Market Median Sales Price 627,000 668,000 650,500
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
2014 2015 2016
Median Sales Price Year-to-Year by Map Area: April
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
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 Li stings 151 192 177 182
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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 - 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
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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20
40
60
80
100
120
140
160
180 200
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 30 40 21
South East Torrance - West 6 13 16
Hollywood Riviera 19 25 16
South Torrance 21 22 15
Southwood 10 10 11
West Torrance 18 9 13 N Torrance - West 30 27 30
N Torrance - East 12 22 15
Old Torrance 29 26 30
South East Torrance - East 21 17 15
Total Active Listings 196 211 182
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50
100
150
200
250
2014 2015 2016
Active Listings Year-to-Year by Map Area: April
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
South East Torrance - West 4.0 9.0 7.0 2.0
Hollywood Riviera 5.0 3.0 2.0 2.0
South Torrance 1.0 4.0 2.0 1.0
Southwood 2.0 5.0 1.0 1.0
West Torrance - 3.0 5.0 1.0
N Torrance - West 3.0 4.0 2.0 2.0
N Torrance - East 3.0 2.0 4.0 2.0
Old Torrance 3.0 4.0 2.0 2.0
South East Torrance - East 3.0 3.0 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 - 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
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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
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SummaryTorrance 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!
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Monthly Comparison Year-to-Year Apr 2015 Apr 2016 Delta Delta Increase Decrease
Total Sales 105 109 4 3.8%
Median Sales Price 668,000 650,500 (17,500) -2.6%
Median Days to Sell 32 31 -1 -3.1%
Listings 211 182 -29 -13.7%
Months of Inventory 2.0 2.0 0 0.0%
Month-to-Month Comparison Mar 2016 Apr 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 89 109 20 22.5%
Median Sales Price 675,000 650,500 (24,500) -3.6%
Median Days to Sell 35 31 -4 -11.4%
Listings 177 182 5 2.8%
Sales/Listing Ratio 50.3% 59.9% 9.6% 19.1%Months of Inventory 2.0 2.0 0.0 0.0%
http://www.car.org/newsstand/newsreleases/2016releases/April2016saleshttp://www.car.org/newsstand/newsreleases/2016releases/April2016saleshttp://hadychahine.com/http://hadychahine.com/
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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
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 visitor’s 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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