torrance real estate market conditions - april 2015

8/9/2019 Torrance Real Estate Market Conditions - April 2015

1/15

TorranceResidential Real Estate

Market Conditions April 2015

http://hhcrealestate.com/


2/15

Table ofContents

Key Statistics for April

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

Outlook for May

About Hady Chahine

Contact Information

http://hhcrealestate.com/


3/15

Key Statistics for April

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Mar 2015 Apr 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 79 105 26 32.9%

Median Sales Price 620,000 668,000 48,000 7.7%

Median Days to Sell 37 32 -5 -13.5%

Listings 158 177 19 12.0%

Sales/Listing Ratio 50.0% 59.3% 9.3% 18.6%

Months of Inventory 2 1.7 -0.3 -15.0%

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

Total Sales 76 105 29 38.2%


Median Days to Sell 25 32 7 28.0%

Listings 194 177 -17 -8.8%

Months of Inventory 2.2 1.7 -0.5 -22.7%

http://hhcrealestate.com/http://hhcrealestate.com/


4/15


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

Central Torrance 15 12 20

South East Torrance - West 2 9 11

Hollywood Riviera 8 13 8

South Torrance 5 1 8

Southwood 6 3 8

West Torrance 3 3 11N Torrance - West 9 11 14

N Torrance - East 5 8 10

Old Torrance 12 12 9

South East Torrance - East 2 7 6

Total Sales 67 79 105

0

20

40

60

80

100

120

Feb Mar Apr

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



5/15


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





Southwood 6 4 8



Old Torrance 7 8 9


Total Sales 99 76 105

0

20

40

60

80

100

120

2013 2014 2015

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

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Total Sales



6/15


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

Central Torrance 530,000 736,500 657,500

South East Torrance - West 619,500 445,000 410,000

Hollywood Riviera 935,000 995,000 1,072,500

South Torrance 695,000 683,550 892,500

Southwood 515,000 765,000 792,500

West Torrance 740,000 1,002,000 698,500 N Torrance - West 619,000 607,500 600,000

N Torrance - East 460,000 527,500 502,500

Old Torrance 607,500 527,000 585,000

South East Torrance - East 595,750 615,000 692,500

Market Median Sales Price 610,000 620,000 668,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Feb Mar Apr

2015 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



7/15Back to Table of Contents

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

Central Torrance 560,000 492,450 657,500

South East Torrance - West 437,500 590,000 410,000

Hollywood Riviera 1,047,500 1,143,000 1,072,500

South Torrance 753,950 730,000 892,500

Southwood 686,500 699,800 792,500

West Torrance 730,000 677,500 698,500 N Torrance - West 527,777 538,000 600,000

N Torrance - East 490,000 532,500 502,500

Old Torrance 450,000 540,000 585,000

South East Torrance - East 640,000 506,000 692,500

Market Median Sales Price 585,000 627,000 668,000

-

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: April

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

Central Torrance 27 28 29 34

South East Torrance - West 16 17 12 13

Hollywood Riviera 20 18 16 21 South Torrance 11 13 16 17

Southwood 6 6 8 7

West Torrance 12 13 9 8

N Torrance - West 17 20 20 22

N Torrance - East 10 7 10 17

Old Torrance 20 21 22 25

South East Torrance - East 17 21 16 13

Total Active Li stings 156 164 158 177

-

5

10

15

20

25

30

35

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

South East Torrance - West 16 17 12 13

Hollywood Riviera 20 18 16 21

South Torrance 11 13 16 17

Southwood 6 6 8 7 West Torrance 12 13 9 8

N Torrance - West 17 20 20 22

N Torrance - East 10 7 10 17

Old Torrance 20 21 22 25

South East Torrance - East 17 21 16 13

Total Active Li stings 156 164 158 177

Total Sales 44 67 79 105

Sales/Listings Ratio 28.2% 40.9% 50.0% 59.3%

-

50

100

150

200


2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales




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





Southwood 10 10 7



Old Torrance 26 29 25


Total Active Listings 161 194 177

0

20

40

60

80

100120

140

160

180

200

2013 2014 2015

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

Central Torrance


Hollywood Riviera

South Torrance

SouthwoodWest 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

South East Torrance - West 2.7 8.5 1.3 1.2

Hollywood Riviera 5.0 2.3 1.2 2.6

South Torrance 2.8 2.6 16.0 2.1

Southwood 3.0 1.0 2.7 0.9

West Torrance 2.4 4.3 3.0 0.7

N Torrance - West 2.8 2.2 1.8 1.6

N Torrance - East 2.0 1.4 1.3 1.7

Old Torrance 5.0 1.8 1.8 2.8

South East Torrance - East 5.7 10.5 2.3 2.2

-

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

-

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



13/15

Outlook for MayTorrance real estate investors had a great time in April as several key data points moved in positive directions.

For example, total sales increased 32.9%, the market median sales price bumped up 7.7%, and the mediandays to sell dropped by more than 13%. In addition, property listings jumped 12%, the sales/listing ratio

improved by 18.6%, and months of inventory fell by 15%. – What’s not to like?!

In the news…

According to C.A.R., data analysis reveals a 33% spike in home buyers purchasing “median-priced, existing

single-family home[s] in California” over the last year.

See: http://www.car.org/newsstand/newsreleases/2015releases/1qtrhousingaff?view=Standard

Zillow’s database shows similar trending activity with home valuations up by more than “4.9% over the past

year” and forecasts this behavior will continue into 2016.

See: http://www.zillow.com/torrance-ca/home-values/

Your recap…


Month-to-Month Comparison Mar 2015 Apr 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 79 105 26 32.9%


Median Days to Sell 37 32 -5 -13.5%

Listings 158 177 19 12.0%

Sales/Listing Ratio 50.0% 59.3% 9.3% 18.6%

Months of Inventory 2 1.7 -0.3 -15.0%

http://www.car.org/newsstand/newsreleases/2015releases/1qtrhousingaff?view=Standardhttp://www.zillow.com/torrance-ca/home-values/http://www.zillow.com/torrance-ca/home-values/http://www.car.org/newsstand/newsreleases/2015releases/1qtrhousingaff?view=Standardhttp://hhcrealestate.com/http://hhcrealestate.com/


14/15


Serving South Bay Home Buyers and Sellers Since 2001

RE/MAX Top 4 Team in California – 2012 RE/MAX 100% Club - 2011

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

About

Hady Chahine…



15/15

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for

any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet

Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy

of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal

inspection by and/or with the appropriate professionals.


Listings MLS BLOGWebsite
http://hhcrealestate.com/featured-south-bay-homeshttp://hhcrealestate.com/south-bay-mls-real-estate-listingshttp://hhcrealestate.com/real-estate-news/http://hhcrealestate.com/http://hhcrealestate.com/south-bay-mls-real-estate-listingshttp://hhcrealestate.com/real-estate-news/http://hhcrealestate.com/featured-south-bay-homeshttp://hhcrealestate.com/http://hhcrealestate.com/

torrance real estate market conditions - april 2015

Documents