december 2015 torrance real estate market trends update
TRANSCRIPT
Table of
Contents
Key Statistics for December
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
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 2015 Dec 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 64 96 32 50.0%
Median Sales Price 645,000 700,000 55,000 8.5%
Median Days to Sell 36 44 8 22.2%
Listings 212 126 -86 -40.6%
Sales/Listing Ratio 30.2% 76.2% 46.0% 152.3%
Months of Inventory 3.0 1.0 -2.0 -66.7%
Monthly Comparison Year-to-Year Dec 2014 Dec 2015 Delta Delta Increase Decrease
Total Sales 78 96 18 23.1%
Median Sales Price 594,050 700,000 105,950 17.8%
Median Days to Sell 49 44 -5 -10.2%
Listings 180 126 -54 -30.0%
Months of Inventory 1.8 1.0 -0.8 -44.4%
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Total Sales Month-to-Month by Map Area Oct Nov Dec
Central Torrance 16 8 11
South East Torrance - West 9 3 4
Hollywood Riviera 14 5 9
South Torrance 4 8 11
Southwood 5 5 4
West Torrance 4 4 10
N Torrance - West 10 12 18
N Torrance - East 15 2 6
Old Torrance 13 10 13
South East Torrance - East 4 7 10
Total Sales 94 64 96
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10
20
30
40
50
60
70
80
90
100
Oct Nov Dec
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
Central Torrance 15 11 11
South East Torrance - West 10 9 4
Hollywood Riviera 15 11 9
South Torrance 7 3 11
Southwood 6 5 4
West Torrance 6 4 10
N Torrance - West 9 13 18
N Torrance - East 7 8 6
Old Torrance 14 8 13
South East Torrance - East 7 6 10
Total Sales 96 78 96
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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: 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 560,000 407,500 650,000
South East Torrance - West 390,000 520,000 608,500
Hollywood Riviera 1,424,968 1,135,000 975,000
South Torrance 893,750 830,000 775,000
Southwood 815,000 728,000 788,750
West Torrance 762,500 913,000 839,500
N Torrance - West 552,500 634,975 587,500
N Torrance - East 560,000 584,000 582,500
Old Torrance 548,000 589,250 540,000
South East Torrance - East 694,000 770,000 662,500
Market Median Sales Price 611,750 645,000 700,000
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
Oct Nov Dec
2015 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 2013 2014 2015
Central Torrance 520,000 610,000 650,000
South East Torrance - West 487,375 765,000 608,500
Hollywood Riviera 919,000 1,109,999 975,000
South Torrance 809,000 808,000 775,000
Southwood 751,500 700,000 788,750
West Torrance 663,500 639,950 839,500
N Torrance - West 524,000 570,000 587,500
N Torrance - East 575,000 552,000 582,500
Old Torrance 507,500 488,500 540,000
South East Torrance - East 670,000 667,000 662,500
Market Median Sales Price 621,000 594,050 700,000
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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: 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 27 28 29 34 31 27 38 36 29 29 21 20
South East Torrance - West 16 17 12 13 13 15 14 16 18 12 14 8
Hollywood Riviera 20 18 16 21 15 21 29 31 36 29 22 12
South Torrance 11 13 16 17 13 14 15 20 20 16 14 8
Southwood 6 6 8 7 8 8 11 9 8 5 9 6
West Torrance 12 13 9 8 11 13 14 15 16 16 18 5
N Torrance - West 17 20 20 22 20 24 32 29 43 39 39 25
N Torrance - East 10 7 10 17 15 13 13 17 18 16 23 14
Old Torrance 20 21 22 25 27 22 21 27 32 25 31 19
South East Torrance - East 17 21 16 13 16 12 15 14 21 23 21 9
Total Active Listings 156 164 158 177 169 169 202 214 241 210 212 126
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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
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 27 28 29 34 31 27 38 36 29 29 21 20
South East Torrance - West 16 17 12 13 13 15 14 16 18 12 14 8
Hollywood Riviera 20 18 16 21 15 21 29 31 36 29 22 12
South Torrance 11 13 16 17 13 14 15 20 20 16 14 8
Southwood 6 6 8 7 8 8 11 9 8 5 9 6
West Torrance 12 13 9 8 11 13 14 15 16 16 18 5
N Torrance - West 17 20 20 22 20 24 32 29 43 39 39 25
N Torrance - East 10 7 10 17 15 13 13 17 18 16 23 14
Old Torrance 20 21 22 25 27 22 21 27 32 25 31 19
South East Torrance - East 17 21 16 13 16 12 15 14 21 23 21 9
Total Active Listings 156 164 158 177 169 169 202 214 241 210 212 126
Total Sales 44 67 79 105 107 106 107 100 98 94 64 96
Sales/Listings Ratio 28.2% 40.9% 50.0% 59.3% 63.3% 62.7% 53.0% 46.7% 40.7% 44.8% 30.2% 76.2%
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50
100
150
200
250
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2013 2014 2015
Central Torrance 18 22 20
South East Torrance - West 5 19 8
Hollywood Riviera 15 21 12
South Torrance 16 16 8
Southwood 5 4 6
West Torrance 12 11 5
N Torrance - West 25 24 25
N Torrance - East 8 13 14
Old Torrance 26 33 19
South East Torrance - East 11 17 9
Total Active Listings 141 180 126
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20
40
60
80
100
120
140
160
180
2013 2014 2015
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 5.4 1.9 2.4 1.7 1.9 1.0 3.0 2.0 2.0 2.0 3.0 2.0
South East Torrance - West 2.7 8.5 1.3 1.2 1.9 2.0 2.0 3.0 2.0 1.0 5.0 2.0
Hollywood Riviera 5.0 2.3 1.2 2.6 1.2 2.0 2.0 4.0 4.0 2.0 4.0 1.0
South Torrance 2.8 2.6 16.0 2.1 1.6 2.0 2.0 2.0 2.0 4.0 2.0 1.0
Southwood 3.0 1.0 2.7 0.9 1.3 2.0 2.0 2.0 2.0 1.0 2.0 2.0
West Torrance 2.4 4.3 3.0 0.7 1.0 2.0 1.0 1.0 1.0 4.0 5.0 1.0
N Torrance - West 2.8 2.2 1.8 1.6 1.2 2.0 1.0 3.0 2.0 4.0 3.0 1.0
N Torrance - East 2.0 1.4 1.3 1.7 1.7 1.0 1.0 2.0 3.0 1.0 12.0 2.0
Old Torrance 5.0 1.8 1.8 2.8 2.1 1.0 2.0 3.0 4.0 2.0 3.0 1.0
South East Torrance - East 5.7 10.5 2.3 2.2 2.3 2.0 3.0 1.0 7.0 6.0 3.0 1.0
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2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 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
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 3.0 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
2013
2014
2015
Summary December was outstanding for Torrance real estate investment with total sales up by 50%, median sales price up by 8.5% or $55K, and the sales-listing ratio sky rocketing 152.3%. However, net listings and median days moved in the opposite direction by double digits during the same time period. Year-over-year median sales price for December activity increased 17.8% or $105+K. In the news… According to C.A.R., “For 2015 as a whole, a preliminary figure of 407,060 single-family homes closed escrow in California, up 6.4 percent from a revised 382,720 in 2014.” http://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standard Please contact me today to schedule a free listing CMA or a buyer pre-purchase evaluation. And remember, when selecting a realtor it doesn’t cost you more to work with the best.
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Month-to-Month Comparison Nov 2015 Dec 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 64 96 32 50.0%
Median Sales Price 645,000 700,000 55,000 8.5%
Median Days to Sell 36 44 8 22.2%
Listings 212 126 -86 -40.6%
Sales/Listing Ratio 30.2% 76.2% 46.0% 152.3%
Months of Inventory 3.0 1.0 -2.0 -66.7%
Monthly Comparison Year-to-Year Dec 2014 Dec 2015 Delta Delta Increase Decrease
Total Sales 78 96 18 23.1%
Median Sales Price 594,050 700,000 105,950 17.8%
Median Days to Sell 49 44 -5 -10.2%
Listings 180 126 -54 -30.0%
Months of Inventory 1.8 1.0 -0.8 -44.4%
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