torrance real estate market conditions - april 2016

8/16/2019 Torrance Real Estate Market Conditions - April 2016

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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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Key Statistics for April

Back to Table of Contents

= 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%



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

-

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





Southwood 4 8 8



Old Torrance 8 9 15


Total Sales 76 105 109

-

20

40

60

80

100

120

2014 2015 2016

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

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West TorranceN Torrance - West

N Torrance - East

Old Torrance


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


Hollywood Riviera

South Torrance

Southwood


N Torrance - East

Old Torrance


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


Hollywood Riviera

South Torrance

Southwood


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 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

-

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


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - EastOld Torrance





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%

-

20

40

60

80

100

120

140

160

180 200


2016 Total Active Listings vs. Total Sales

Total Active Listings Total Sales




Active Listings Year-to-Year by Map Area 2014 2015 2016





Southwood 10 10 11



Old Torrance 29 26 30


Total Active Listings 196 211 182

-

50

100

150

200

250

2014 2015 2016

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

Central Torrance


Hollywood Riviera

South Torrance

Southwood


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 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

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0 9.0


2016 Months of Inventory by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - WestN Torrance - East

Old Torrance





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

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


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!


Monthly Comparison Year-to-Year Apr 2015 Apr 2016 Delta Delta Increase Decrease

Total Sales 105 109 4 3.8%



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%



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

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About

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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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torrance real estate market conditions - april 2016

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