torrance real estate market conditions - june 2015

Torrance Residential Real Estate

Market Conditions June 2015

Table of

Contents

Key Statistics for June

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 July

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 2015 June 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 107 106 -1 -0.9%

Median Sales Price 670,000 625,000 (45,000) -6.7%

Median Days to Sell 35 33 -2 -5.7%

Listings 169 169 0 0.0%

Sales/Listing Ratio 63.3% 62.7% -0.6% -0.9%

Months of Inventory 1.6 2 0.4 25.0%

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

Total Sales 72 106 34 47.2%


Median Days to Sell 24 33 9 37.5%

Listings 252 169 -83 -32.9%

Months of Inventory 3.0 2.0 -1 -33.3%


Total Sales Month-to-Month by Map Area Apr May Jun

Central Torrance 20 16 20

South East Torrance - West 11 7 7

Hollywood Riviera 8 13 14

South Torrance 8 8 7

Southwood 8 6 4

West Torrance 11 11 7

N Torrance - West 14 17 10

N Torrance - East 10 9 11

Old Torrance 9 13 18

South East Torrance - East 6 7 8

Total Sales 105 107 106

0

20

40

60

80

100

120

Apr May Jun

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


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





Southwood 6 4 4

West Torrance 7 9 7





Total Sales 90 72 106

0

20

40

60

80

100

120

2013 2014 2015

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

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 Apr May Jun

Central Torrance 657,500 685,000 578,140

South East Torrance - West 410,000 699,900 410,000

Hollywood Riviera 1,072,500 1,159,000 1,082,500

South Torrance 892,500 770,000 740,000

Southwood 792,500 742,500 783,000

West Torrance 698,500 697,000 805,000

N Torrance - West 600,000 595,000 577,500

N Torrance - East 502,500 544,500 575,000

Old Torrance 585,000 525,000 589,500

South East Torrance - East 692,500 742,500 657,000

Market Median Sales Price 668,000 670,000 625,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Apr May Jun

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


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

Central Torrance 560,000 554,500 578,140

South East Torrance - West 570,500 735,000 410,000

Hollywood Riviera 923,750 900,000 1,082,500

South Torrance 647,000 989,500 740,000

Southwood 658,250 526,250 783,000

West Torrance 740,000 690,000 805,000

N Torrance - West 492,500 538,000 577,500

N Torrance - East 540,000 526,500 575,000

Old Torrance 508,500 550,000 589,500

South East Torrance - East 710,000 749,000 657,000

Market Median Sales Price 618,500 661,500 625,000

-

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: June

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 31 27

South East Torrance - West 16 17 12 13 13 15

Hollywood Riviera 20 18 16 21 15 21

South Torrance 11 13 16 17 13 14

Southwood 6 6 8 7 8 8

West Torrance 12 13 9 8 11 13

N Torrance - West 17 20 20 22 20 24

N Torrance - East 10 7 10 17 15 13

Old Torrance 20 21 22 25 27 22

South East Torrance - East 17 21 16 13 16 12

Total Active Listings 156 164 158 177 169 169

-

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 - East

Old 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 31 27

South East Torrance - West 16 17 12 13 13 15

Hollywood Riviera 20 18 16 21 15 21

South Torrance 11 13 16 17 13 14

Southwood 6 6 8 7 8 8

West Torrance 12 13 9 8 11 13

N Torrance - West 17 20 20 22 20 24

N Torrance - East 10 7 10 17 15 13

Old Torrance 20 21 22 25 27 22

South East Torrance - East 17 21 16 13 16 12

Total Active Listings 156 164 158 177 169 169

Total Sales 44 67 79 105 107 106

Sales/Listings Ratio 28.2% 40.9% 50.0% 59.3% 63.3% 62.7%

-

20

40

60

80

100

120

140

160

180


2015 Total Active Listings vs. Total Sales

Total Active Listings Total Sales


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





Southwood 13 14 8

West Torrance 15 16 13





Total Active Listings 186 252 169

0

50

100

150

200

250

300

2013 2014 2015

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

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 5.4 1.9 2.4 1.7 1.9 1.0

South East Torrance - West 2.7 8.5 1.3 1.2 1.9 2.0

Hollywood Riviera 5.0 2.3 1.2 2.6 1.2 2.0

South Torrance 2.8 2.6 16.0 2.1 1.6 2.0

Southwood 3.0 1.0 2.7 0.9 1.3 2.0

West Torrance 2.4 4.3 3.0 0.7 1.0 2.0

N Torrance - West 2.8 2.2 1.8 1.6 1.2 2.0

N Torrance - East 2.0 1.4 1.3 1.7 1.7 1.0

Old Torrance 5.0 1.8 1.8 2.8 2.1 1.0

South East Torrance - East 5.7 10.5 2.3 2.2 2.3 2.0

-

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 - West

N 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 1.6 2.0

-

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

Outlook for July

The Torrance real estate market recorded 106 closed escrows at a sales/listing ratio of 62.7% in June. Year-over-year, total sales are trending positive at 47+% despite a 5.5% reduction in the median sales price. In the news According to C.A.R., home sales reach highest level in two years despite modest inventory constraints on housing supply (http://www.car.org/newsstand/newsreleases/2015releases/june2015sales/?view=Standard). Activity for July I expect to remain fairly consistent relative to June stats, given favorable interest rates and strong listings should continue to attract buyers engagement.


Month-to-Month Comparison May 2015 June 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 107 106 -1 -0.9%


Median Days to Sell 35 33 -2 -5.7%

Listings 169 169 0 0.0%

Sales/Listing Ratio 63.3% 62.7% -0.6% -0.9%

Months of Inventory 1.6 2 0.4 25.0%


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About

Hady Chahine

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitors 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.


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torrance real estate market conditions - june 2015

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