april 2015 torrance real estate market trends update
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Table of
Contents
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 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
Outlook for May
About Hady Chahine Contact Information
Key Statistics for April
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= 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 Sales Price 627,000 668,000 41,000 6.5%
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%
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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 11
N 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
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Total Sales Year-to-Year by Map Area 2013 2014 2015
Central Torrance 21 10 20
South East Torrance - West 10 3 11
Hollywood Riviera 6 10 8
South Torrance 8 9 8
Southwood 6 4 8
West Torrance 16 4 11
N Torrance - West 13 15 14
N Torrance - East 5 8 10
Old Torrance 7 8 9
South East Torrance - East 7 5 6
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
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 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
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 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
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
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 Listings 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
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
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 Listings 156 164 158 177
Total Sales 44 67 79 105
Sales/Listings Ratio 28.2% 40.9% 50.0% 59.3%
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50
100
150
200
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 29 30 34
South East Torrance - West 8 5 13
Hollywood Riviera 22 19 21
South Torrance 16 21 17
Southwood 10 10 7
West Torrance 14 18 8
N Torrance - West 12 29 22
N Torrance - East 4 12 17
Old Torrance 26 29 25
South East Torrance - East 20 21 13
Total Active Listings 161 194 177
0
20
40
60
80
100
120
140
160
180
200
2013 2014 2015
Active Listings Year-to-Year by Map Area: April
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
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
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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
-
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
Outlook for May Torrance 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 median days 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…
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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%
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