february 2017 torrance real estate market trends update
TRANSCRIPT
Table of
Contents
Key Statistics for February
Sales 2017 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2017 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2017 Active Listings by Map Area 2017 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2017 Months of Inventory by Map Area Year-to-Year Months of Inventory
Summary
About Hady Chahine Contact Information
Key Statistics for February
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Jan 2017 Feb 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 56 58 2 3.6%
Median Sales Price 783,000 706,000 (77,000) -9.8%
Median Days to Sell 21 14 -7 -33.3%
Listings 114 87 -27 -23.7%
Sales/Listing Ratio 49.1% 66.7% 17.6% 35.8%
Months of Inventory 2.0 2.0 0.0 0.0%
Monthly Comparison Year-to-Year Feb 2016 Feb 2017 Delta Delta Increase Decrease
Total Sales 60 58 -2 -3.3%
Median Sales Price 621,250 706,000 84,750 13.6%
Median Days to Sell 37 14 -23 -62.2%
Listings 167 87 -80 -47.9%
Months of Inventory 3.0 2.0 -1 -33.3%
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Total Sales Month-to-Month by Map Area Jan Feb Mar
Central Torrance 7 10
South East Torrance - West 4 3
Hollywood Riviera 11 9
South Torrance 9 2
Southwood 4 4
West Torrance 4 8
N Torrance - West 9 9
N Torrance - East 3 5
Old Torrance 3 6
South East Torrance - East 2 2
Total Sales 56 58
-
10
20
30
40
50
60
Jan Feb Mar
2017 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 2015 2016 2017
Central Torrance 15 12 10
South East Torrance - West 2 2 3
Hollywood Riviera 8 8 9
South Torrance 5 4 2
Southwood 6 3 4
West Torrance 4 3 8
N Torrance - West 9 8 9
N Torrance - East 5 9 5
Old Torrance 12 6 6
South East Torrance - East 2 5 2
Total Sales 68 60 58
-
10
20
30
40
50
60
70
2015 2016 2017
Total Sales Year-to-Year by Map Area: February
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 Jan Feb Mar
Central Torrance 665,000 644,975
South East Torrance - West 754,000 580,125
Hollywood Riviera 1,502,000 1,399,000
South Torrance 865,000 838,750
Southwood 817,500 815,500
West Torrance 791,750 762,000
N Torrance - West 624,000 620,000
N Torrance - East 630,000 505,000
Old Torrance 650,000 595,000
South East Torrance - East 758,750 573,000
Market Median Sales Price 783,000 706,000
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
Jan Feb Mar
2017 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 2015 2016 2017
Central Torrance 530,000 565,000 644,975
South East Torrance - West 619,500 766,000 580,125
Hollywood Riviera 935,000 1,002,500 1,399,000
South Torrance 695,000 742,500 838,750
Southwood 515,000 755,000 815,500
West Torrance 820,000 1,050,000 762,000
N Torrance - West 619,000 599,000 620,000
N Torrance - East 460,000 555,000 505,000
Old Torrance 607,500 612,450 595,000
South East Torrance - East 595,750 600,000 573,000
Market Median Sales Price 614,500 621,250 706,000
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
2015 2016 2017
Median Sales Price Year-to-Year by Map Area: February
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 20 9
South East Torrance - West 5 8
Hollywood Riviera 20 13
South Torrance 6 8
Southwood 6 10
West Torrance 16 9
N Torrance - West 16 9
N Torrance - East 6 3
Old Torrance 13 12
South East Torrance - East 6 6
Total Active Listings 114 87
-
5
10
15
20
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 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 20 9
South East Torrance - West 5 8
Hollywood Riviera 20 13
South Torrance 6 8
Southwood 6 10
West Torrance 16 9
N Torrance - West 16 9
N Torrance - East 6 3
Old Torrance 13 12
South East Torrance - East 6 6
Total Active Listings 114 87
Total Sales 56 58
Sales/Listings Ratio 49.1% 66.7%
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20
40
60
80
100
120
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2015 2016 2017
Central Torrance 27 20 9
South East Torrance - West 17 15 8
Hollywood Riviera 20 19 13
South Torrance 16 13 8
Southwood 4 10 10
West Torrance 13 12 9
N Torrance - West 21 29 9
N Torrance - East 10 16 3
Old Torrance 19 23 12
South East Torrance - East 21 10 6
Total Active Listings 168 167 87
-
20
40
60
80
100
120
140
160
180
2015 2016 2017
Active Listings Year-to-Year by Map Area: February
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 3.0 1.0
South East Torrance - West 1.0 3.0
Hollywood Riviera 2.0 1.0
South Torrance 1.0 4.0
Southwood 2.0 3.0
West Torrance 4.0 1.0
N Torrance - West 2.0 1.0
N Torrance - East 2.0 1.0
Old Torrance 4.0 2.0
South East Torrance - East 3.0 3.0
-
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
2017 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
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 2.0 2.0 2.0 1.0 2.0 2.0 1.0 1.0
2017 2.0 2.0
-
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
2015
2016
2017
Summary Torrance real estate investment in February picked up marginally compared to January as total sales increased 3.6%, median days to sell dropped 33.3%, and the sales-listing ratio improved 35.8%. Disappointingly both the median sales price and net listings experienced declines in performance (-9.8% and -23.7% respectively). Year-over-year months of inventory fell 33.3% from February 2016 to 2017.
In February, C.A.R. reported “Existing, single-family home sales totaled 420,100 in January on a seasonally adjusted annualized rate, up 2.1 percent from December and 4.4 percent from January 2016.” http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/jan2017sales?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 Feb 2016 Feb 2017 Delta Delta Increase Decrease
Total Sales 60 58 -2 -3.3%
Median Sales Price 621,250 706,000 84,750 13.6%
Median Days to Sell 37 14 -23 -62.2%
Listings 167 87 -80 -47.9%
Months of Inventory 3.0 2.0 -1 -33.3%
Month-to-Month Comparison Jan 2017 Feb 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 56 58 2 3.6%
Median Sales Price 783,000 706,000 (77,000) -9.8%
Median Days to Sell 21 14 -7 -33.3%
Listings 114 87 -27 -23.7%
Sales/Listing Ratio 49.1% 66.7% 17.6% 35.8%
Months of Inventory 2.0 2.0 0.0 0.0%
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