june 2016 torrance real estate market trends update
TRANSCRIPT
Table of
Contents
Key Statistics for June
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
About Hady Chahine Contact Information
Key Statistics for June
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison May 2016 Jun 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 89 114 25 28.1%
Median Sales Price 730,000 695,000 (35,000) -4.8%
Median Days to Sell 34 35 1 2.9%
Listings 197 213 16 8.1%
Sales/Listing Ratio 45.2% 53.5% 8.3% 18.4%
Months of Inventory 2.0 2.0 0.0 0.0%
Monthly Comparison Year-to-Year Jun 2015 Jun 2016 Delta Delta Increase Decrease
Total Sales 106 114 8 7.5%
Median Sales Price 625,000 695,000 70,000 11.2%
Median Days to Sell 33 35 2 6.1%
Listings 201 213 12 6.0%
Months of Inventory 2.0 2.0 0 0.0%
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Total Sales Month-to-Month by Map Area Apr May Jun
Central Torrance 13 12 21
South East Torrance - West 7 5 6
Hollywood Riviera 8 12 12
South Torrance 16 10 10
Southwood 8 12 8
West Torrance 9 5 10
N Torrance - West 18 7 14
N Torrance - East 10 12 8
Old Torrance 15 5 13
South East Torrance - East 5 9 12
Total Sales 109 89 114
-
20
40
60
80
100
120
Apr May Jun
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
Central Torrance 10 20 21
South East Torrance - West 5 7 6
Hollywood Riviera 9 14 12
South Torrance 6 7 10
Southwood 4 4 8
West Torrance 9 7 10
N Torrance - West 9 10 14
N Torrance - East 4 11 8
Old Torrance 9 18 13
South East Torrance - East 7 8 12
Total Sales 72 106 114
-
20
40
60
80
100
120
2014 2015 2016
Total Sales Year-to-Year by Map Area: June
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 Apr May Jun
Central Torrance 575,000 650,000 605,000
South East Torrance - West 530,000 450,000 367,450
Hollywood Riviera 973,500 1,266,858 1,177,000
South Torrance 830,500 893,500 856,500
Southwood 670,000 861,000 687,500
West Torrance 789,000 840,000 865,500
N Torrance - West 588,250 695,000 603,000
N Torrance - East 566,500 581,000 542,500
Old Torrance 551,750 454,000 595,000
South East Torrance - East 810,000 736,000 742,500
Market Median Sales Price 650,500 730,000 695,000
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
Apr May Jun
2016 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 2014 2015 2016
Central Torrance 554,500 578,140 605,000
South East Torrance - West 735,000 410,000 367,450
Hollywood Riviera 900,000 1,082,500 1,177,000
South Torrance 989,500 740,000 856,500
Southwood 526,250 783,000 687,500
West Torrance 690,000 805,000 865,500
N Torrance - West 538,000 577,500 603,000
N Torrance - East 526,500 575,000 542,500
Old Torrance 550,000 589,500 595,000
South East Torrance - East 749,000 657,000 742,500
Market Median Sales Price 661,500 625,000 695,000
-
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: June
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 24 25 23 21 20 24
South East Torrance - West 12 18 14 16 22 21
Hollywood Riviera 18 22 14 16 22 24
South Torrance 10 15 17 15 23 21
Southwood 11 14 12 11 10 7
West Torrance 4 10 14 13 13 24
N Torrance - West 27 33 23 30 28 28
N Torrance - East 13 18 17 15 13 14
Old Torrance 20 24 28 30 30 32
South East Torrance - East 12 13 15 15 16 18
Total Active Listings 151 192 177 182 197 213
-
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
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 24 25 23 21 20 24
South East Torrance - West 12 18 14 16 22 21
Hollywood Riviera 18 22 14 16 22 24
South Torrance 10 15 17 15 23 21
Southwood 11 14 12 11 10 7
West Torrance 4 10 14 13 13 24
N Torrance - West 27 33 23 30 28 28
N Torrance - East 13 18 17 15 13 14
Old Torrance 20 24 28 30 30 32
South East Torrance - East 12 13 15 15 16 18
Total Active Listings 151 192 177 182 197 213
Total Sales 58 60 89 109 89 114
Sales/Listings Ratio 38.4% 31.3% 50.3% 59.9% 45.2% 53.5%
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50
100
150
200
250
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2014 2015 2016
Central Torrance 43 28 24
South East Torrance - West 16 18 21
Hollywood Riviera 29 28 24
South Torrance 18 18 21
Southwood 14 9 7
West Torrance 16 15 24
N Torrance - West 30 28 28
N Torrance - East 14 18 14
Old Torrance 43 23 32
South East Torrance - East 29 16 18
Total Active Listings 252 201 213
-
50
100
150
200
250
300
2014 2015 2016
Active Listings Year-to-Year by Map Area: June
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 4.0 2.0 1.0 2.0 2.0 1.0
South East Torrance - West 4.0 9.0 7.0 2.0 4.0 4.0
Hollywood Riviera 5.0 3.0 2.0 2.0 2.0 2.0
South Torrance 1.0 4.0 2.0 1.0 2.0 2.0
Southwood 2.0 5.0 1.0 1.0 1.0 1.0
West Torrance - 3.0 5.0 1.0 3.0 2.0
N Torrance - West 3.0 4.0 2.0 2.0 4.0 2.0
N Torrance - East 3.0 2.0 4.0 2.0 1.0 2.0
Old Torrance 3.0 4.0 2.0 2.0 6.0 2.0
South East Torrance - East 3.0 3.0 2.0 3.0 2.0 2.0
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1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 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
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 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
2014
2015
2016
Summary Torrance real estate activity in June produced 28.1% increase in total sales, 8.1% bump in net listings, and 18.4% improvement in the sales-listing ratio. Moving in the opposite direction, however, the median sales price fell 4.8% while the median days to sell metric climbed 2.9%. Year-over-year median sales price for June is up 11.2%, or by $70K.
In the news… According to C.A.R., “After a couple months of lackluster growth in transaction volume, California existing home sales rose to their highest level in nearly four years in June, as sales surpassed the 400,000 mark for the fourth consecutive month.” http://www.car.org/newsstand/newsreleases/2016releases/junesalesandprice/?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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Month-to-Month Comparison May 2016 Jun 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 89 114 25 28.1%
Median Sales Price 730,000 695,000 (35,000) -4.8%
Median Days to Sell 34 35 1 2.9%
Listings 197 213 16 8.1%
Sales/Listing Ratio 45.2% 53.5% 8.3% 18.4%
Months of Inventory 2.0 2.0 0.0 0.0%
Monthly Comparison Year-to-Year Jun 2015 Jun 2016 Delta Delta Increase Decrease
Total Sales 106 114 8 7.5%
Median Sales Price 625,000 695,000 70,000 11.2%
Median Days to Sell 33 35 2 6.1%
Listings 201 213 12 6.0%
Months of Inventory 2.0 2.0 0 0.0%
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