february 2016 torrance real estate market trends update

Torrance Residential Real Estate

Market Conditions February 2015

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Table of

Contents

Key Statistics for February

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

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Key Statistics for February

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Jan 2016 Feb 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 58 60 2 3.4%

Median Sales Price 692,500 621,250 (71,250) -10.3%

Median Days to Sell 39 37 -2 -5.1%

Listings 151 192 41 27.2%

Sales/Listing Ratio 38.4% 31.3% -7.1% -18.5%

Months of Inventory 3.0 3.0 0.0 0.0%

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

Total Sales 68 60 -8 -11.8%

Median Sales Price 614,500 621,250 6,750 1.1%

Median Days to Sell 32 37 5 15.6%

Listings 196 192 -4 -2.0%

Months of Inventory 3.0 3.0 0 0.0%



Total Sales Month-to-Month by Map Area Jan Feb Mar

Central Torrance 6 12

South East Torrance - West 3 2

Hollywood Riviera 4 8

South Torrance 7 4

Southwood 5 3

West Torrance 9 3

N Torrance - West 9 8

N Torrance - East 5 9

Old Torrance 6 6

South East Torrance - East 4 5

Total Sales 58 60

-

10

20

30

40

50

60

Jan Feb Mar

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



Total Sales Year-to-Year by Map Area 2014 2015 2016

Central Torrance 8 15 12

South East Torrance - West 3 2 2

Hollywood Riviera 10 8 8

South Torrance 5 5 4

Southwood 3 6 3

West Torrance 5 4 3

N Torrance - West 10 9 8

N Torrance - East 2 5 9

Old Torrance 13 12 6

South East Torrance - East 4 2 5

Total Sales 63 68 60

-

10

20

30

40

50

60

70

2014 2015 2016

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

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Total Sales



Median Sales Price Month-to-Month by Map Area Jan Feb Mar

Central Torrance 592,500 565,000

South East Torrance - West 911,700 766,000

Hollywood Riviera 1,222,500 1,002,500

South Torrance 730,000 742,500

Southwood 770,000 755,000

West Torrance 959,900 1,050,000

N Torrance - West 565,000 599,000

N Torrance - East 632,000 555,000

Old Torrance 592,500 612,450

South East Torrance - East 730,000 600,000

Market Median Sales Price 692,500 621,250

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Jan Feb Mar

2016 Median Sales Price Month-to-Month by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Market Median Sales Price



Median Sales Price Year-to-Year by Map Area 2014 2015 2016

Central Torrance 521,500 530,000 565,000

South East Torrance - West 420,000 619,500 766,000

Hollywood Riviera 1,202,000 935,000 1,002,500

South Torrance 710,000 695,000 742,500

Southwood 517,000 515,000 755,000

West Torrance 742,408 820,000 1,050,000

N Torrance - West 498,500 619,000 599,000

N Torrance - East 455,550 460,000 555,000

Old Torrance 515,000 607,500 612,450

South East Torrance - East 697,000 595,750 600,000

Market Median Sales Price 600,000 614,500 621,250

-

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: February

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West 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




South Torrance 10 15

Southwood 11 14

West Torrance 4 10



Old Torrance 20 24


Total Active Listings 151 192

-

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 - East

Old Torrance




Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec




South Torrance 10 15

Southwood 11 14

West Torrance 4 10



Old Torrance 20 24


Total Active Listings 151 192

Total Sales 58 60

Sales/Listings Ratio 38.4% 31.3%

-

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

Central Torrance 24 32 25

South East Torrance - West 9 20 18

Hollywood Riviera 14 20 22

South Torrance 15 17 15

Southwood 6 5 14

West Torrance 11 14 10

N Torrance - West 26 24 33

N Torrance - East 8 12 18

Old Torrance 21 26 24

South East Torrance - East 13 26 13

Total Active Listings 147 196 192

-

20

40

60

80

100

120

140

160

180

200

2014 2015 2016

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

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West 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 4.0 2.0

South East Torrance - West 4.0 9.0

Hollywood Riviera 5.0 3.0

South Torrance 1.0 4.0

Southwood 2.0 5.0

West Torrance - 3.0

N Torrance - West 3.0 4.0

N Torrance - East 3.0 2.0

Old Torrance 3.0 4.0

South East Torrance - East 3.0 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 - West

N 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

-

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


Summary Noticeable improvements were recorded for total sales, median days to sell, and net listings metrics for the Torrance real estate market in February (respectively speaking, 3.4%, -5.1%, and 27.2%). However, the market median sales price and sales-listing ratio each fell by double digits. Year-over-year analysis shows the market median sales price climbed 1.1% or $6.75K.

In the news… According to C.A.R., “Existing, single-family home sales totaled 393,360 in February on a seasonally adjusted annualized rate, up 2.6 percent from January and 6.4 percent above February 2015.” http://www.car.org/newsstand/newsreleases/2016releases/february2016sales?view=Standard

For listing or buying guidance, or additional statistics on market trending behavior, please do not hesitate to contact me to schedule a time to discuss how I can be of service to you.


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

Total Sales 68 60 -8 -11.8%

Median Sales Price 614,500 621,250 6,750 1.1%

Median Days to Sell 32 37 5 15.6%

Listings 196 192 -4 -2.0%

Months of Inventory 3.0 3.0 0 0.0%

Month-to-Month Comparison Jan 2016 Feb 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 58 60 2 3.4%

Median Sales Price 692,500 621,250 (71,250) -10.3%

Median Days to Sell 39 37 -2 -5.1%

Listings 151 192 41 27.2%

Sales/Listing Ratio 38.4% 31.3% -7.1% -18.5%

Months of Inventory 3.0 3.0 0.0 0.0%


http://www.car.org/newsstand/newsreleases/2016releases/february2016sales?view=Standard


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