torrance real estate market conditions - october 2015

7/24/2019 Torrance Real Estate Market Conditions - October 2015

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TorranceResidential Real Estate

Market ConditionsOctober 2015
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Table ofContents

Key Statistics for October

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

Listings2015 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

Summary

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Key Statistics for October

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Sep 2015 Oct 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 98 94 -4 -4.1%

Median Sales Price 672,500 611,750 (60,750) -9.0%

Median Days to Sell 32 40 8 25.0%

Listings 241 210 -31 -12.9%

Sales/Listing Ratio 40.7% 44.8% 4.1% 10.1%

Months of Inventory 2.0 2.0 0.0 0.0%

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

Total Sales 96 94 -2 -2.1%



Listings 229 210 -19 -8.3%

Months of Inventory 2.2 2.0 -0.2 -9.1%
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Total Sales Month-to-Month by Map Area Aug Sep Oct

Central Torrance 18 15 16

South East Torrance - West 6 11 9

Hollywood Riviera 8 9 14

South Torrance 10 11 4

Southwood 4 4 5

West Torrance 15 11 4N Torrance - West 9 18 10

N Torrance - East 9 7 15

Old Torrance 10 9 13

South East Torrance - East 11 3 4

Total Sales 100 98 94

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10

20

30

40

50

60

70

80

90

100

Aug Sep Oct

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


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





Southwood 3 5 5





Total Sales 74 96 94

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10

20

30

40

50

60

70

80

90

100

2013 2014 2015

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

Central Torrance


Hollywood Riviera

South Torrance

SouthwoodWest Torrance

N Torrance - West

N Torrance - East

Old Torrance


Total Sales


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Median Sales Price Month-to-Month by Map Area Aug Sep Oct

Central Torrance 582,500 555,000 560,000

South East Torrance - West 839,500 770,000 390,000

Hollywood Riviera 1,192,944 1,095,000 1,424,968

South Torrance 835,000 865,000 893,750

Southwood 735,000 805,000 815,000

West Torrance 730,000 741,000 762,500N Torrance - West 620,000 595,000 552,500

N Torrance - East 605,000 593,000 560,000

Old Torrance 585,000 569,500 548,000

South East Torrance - East 699,000 715,000 694,000

Market Median Sales Price 680,000 672,500 611,750

-

200,000

400,000

600,000

800,0001,000,000

1,200,000

1,400,000

1,600,000

Aug Sep Oct

2015 Median Sales Price Month-to-Month by Map Area

Central Torrance


Hollywood Riviera

South Torrance


N Torrance - West

N Torrance - East

Old Torrance


Market Median Sales Price


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

Central Torrance 575,000 519,625 560,000

South East Torrance - West 865,000 780,000 390,000

Hollywood Riviera 923,000 999,000 1,424,968

South Torrance 625,000 748,750 893,750

Southwood 729,000 725,000 815,000

West Torrance 785,000 690,050 762,500N Torrance - West 461,813 590,000 552,500

N Torrance - East 530,000 540,000 560,000

Old Torrance 458,000 515,625 548,000

South East Torrance - East 695,000 695,000 694,000

Market Median Sales Price 671,000 622,750 611,750

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

2013 2014 2015

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

Central Torrance


Hollywood Riviera

South 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 27 38 36 29 29

South East Torrance - West 16 17 12 13 13 15 14 16 18 12

Hollywood Riviera 20 18 16 21 15 21 29 31 36 29

South Torrance 11 13 16 17 13 14 15 20 20 16

Southwood 6 6 8 7 8 8 11 9 8 5

West Torrance 12 13 9 8 11 13 14 15 16 16

N Torrance - West 17 20 20 22 20 24 32 29 43 39

N Torrance - East 10 7 10 17 15 13 13 17 18 16

Old Torrance 20 21 22 25 27 22 21 27 32 25

South East Torrance - East 17 21 16 13 16 12 15 14 21 23

Total Active Listings 156 164 158 177 169 169 202 214 241 210

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5

10

15

20

25

30

35

40

45

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 - EastOld 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 27 38 36 29 29

South East Torrance - West 16 17 12 13 13 15 14 16 18 12

Hollywood Riviera 20 18 16 21 15 21 29 31 36 29

South Torrance 11 13 16 17 13 14 15 20 20 16

Southwood 6 6 8 7 8 8 11 9 8 5

West Torrance 12 13 9 8 11 13 14 15 16 16

N Torrance - West 17 20 20 22 20 24 32 29 43 39

N Torrance - East 10 7 10 17 15 13 13 17 18 16

Old Torrance 20 21 22 25 27 22 21 27 32 25

South East Torrance - East 17 21 16 13 16 12 15 14 21 23

Total Active Listings 156 164 158 177 169 169 202 214 241 210

Total Sales 44 67 79 105 107 106 107 100 98 94

Sales/Listings Ratio 28.2% 40.9% 50.0% 59.3% 63.3% 62.7% 53.0% 46.7% 40.7% 44.8%

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50

100

150

200

250


2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



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





Southwood 13 8 5





Total Active Listings 210 229 210

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50

100

150

200

250

2013 2014 2015

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

Central Torrance


Hollywood Riviera

South 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 1.0 3.0 2.0 2.0 2.0

South East Torrance - West 2.7 8.5 1.3 1.2 1.9 2.0 2.0 3.0 2.0 1.0Hollywood Riviera 5.0 2.3 1.2 2.6 1.2 2.0 2.0 4.0 4.0 2.0

South Torrance 2.8 2.6 16.0 2.1 1.6 2.0 2.0 2.0 2.0 4.0

Southwood 3.0 1.0 2.7 0.9 1.3 2.0 2.0 2.0 2.0 1.0

West Torrance 2.4 4.3 3.0 0.7 1.0 2.0 1.0 1.0 1.0 4.0

N Torrance - West 2.8 2.2 1.8 1.6 1.2 2.0 1.0 3.0 2.0 4.0

N Torrance - East 2.0 1.4 1.3 1.7 1.7 1.0 1.0 2.0 3.0 1.0

Old Torrance 5.0 1.8 1.8 2.8 2.1 1.0 2.0 3.0 4.0 2.0

South East Torrance - East 5.7 10.5 2.3 2.2 2.3 2.0 3.0 1.0 7.0 6.0

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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 - WestN 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 2.0 2.0 2.0 2.0 2.0

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0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


Months of Inventory Year-to-Year

2013

2014

2015


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Summary

Okay, why does the Torrance real estate market dislike October? Analysis of overall performance stats for October 2014 and 2015suggests market behavior resembling a trending pattern with total sales, median sales price, median days to sell, and total l istings

all losing forward momentum. Hmmm?

In the news According to C.A.R., statewide home sales exceeded the 400,000 level in the October for the seventh consecutive

month and posted higher on a year-to-year basis for the ninth straight month.

http://www.car.org/newsstand/newsreleases/2015releases/october2015sales?view=Standard

For home owners thinking of selling but curious about valuation and marketing strategy please give me a call today to schedule a

free CMA consultation. - No commitment, just a meet-and-greet and a chance to pick my brain about property value and marketbehavior in your local neighborhood.


Month-to-Month Comparison Sep 2015 Oct 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 98 94 -4 -4.1%



Listings 241 210 -31 -12.9%

Sales/Listing Ratio 40.7% 44.8% 4.1% 10.1%Months of Inventory 2.0 2.0 0.0 0.0%

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

Total Sales 96 94 -2 -2.1%



Listings 229 210 -19 -8.3%

Months of Inventory 2.2 2.0 -0.2 -9.1%
http://www.car.org/newsstand/newsreleases/2015releases/october2015sales?view=Standardhttp://www.car.org/newsstand/newsreleases/2015releases/october2015sales?view=Standardhttp://hadychahine.com/http://hadychahine.com/


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Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010

About

Hady Chahine


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torrance real estate market conditions - october 2015

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