Torrance

Residential Real Estate

Market Conditions
January 2017
 Key Statistics for January
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

Table of Listings
2017 Active Listings by Map Area
2017 Total Active Listings vs. Total Sales

Contents 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 January
Month-to-Month Comparison Dec 2016 Jan 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 80 56 -24 -30.0%
Median Sales Price 732,500 783,000 50,500 6.9%
Median Days to Sell 14 21 7 50.0%
Listings 107 114 7 6.5%
Sales/Listing Ratio 74.8% 49.1% -25.7% -34.4%
Months of Inventory 1.0 2.0 1.0 100.0%
Monthly Comparison Year-to-Year Jan 2016 Jan 2017 Delta Delta Increase Decrease
Total Sales 58 56 -2 -3.4%
Median Sales Price 692,500 783,000 90,500 13.1%
Median Days to Sell 39 21 -18 -46.2%
Listings 172 114 -58 -33.7%
Months of Inventory 3.0 2.0 -1 -33.3%

= trending positive = trending positive

= trending negative = trending negative

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 Total Sales Month-to-Month by Map Area Jan Feb Mar
Central Torrance 7
South East Torrance - West 4
Hollywood Riviera 11
South Torrance 9
Southwood 4
West Torrance 4
N Torrance - West 9
N Torrance - East 3
Old Torrance 3
South East Torrance - East 2
Total Sales 56

2017 Total Sales Month-to-Month by Map Area

60
Central Torrance
50 South East Torrance - West
Hollywood Riviera
40 South Torrance
Southwood
30 West Torrance
N Torrance - West
20 N Torrance - East
Old Torrance
10 South East Torrance - East
Total Sales
-
Jan Feb Mar

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 Total Sales Year-to-Year by Map Area 2015 2016 2017
Central Torrance 5 6 7
South East Torrance - West 6 3 4
Hollywood Riviera 4 4 11
South Torrance 4 7 9
Southwood 2 5 4
West Torrance 5 9 4
N Torrance - West 6 9 9
N Torrance - East 5 5 3
Old Torrance 4 6 3
South East Torrance - East 3 4 2
Total Sales 44 58 56

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

60
Central Torrance
South East Torrance - West
50
Hollywood Riviera
40 South Torrance
Southwood
30 West Torrance
N Torrance - West
20 N Torrance - East
Old Torrance
10 South East Torrance - East
Total Sales
-
2015 2016 2017

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 Median Sales Price Month-to-Month by Map Area Jan Feb Mar
Central Torrance 665,000
South East Torrance - West 754,000
Hollywood Riviera 1,502,000
South Torrance 865,000
Southwood 817,500
West Torrance 791,750
N Torrance - West 624,000
N Torrance - East 630,000
Old Torrance 650,000
South East Torrance - East 758,750
Market Median Sales Price 783,000

2017 Median Sales Price Month-to-Month by Map Area

1,600,000
Central Torrance
1,400,000
South East Torrance - West
1,200,000 Hollywood Riviera
South Torrance
1,000,000
Southwood
800,000 West Torrance
N Torrance - West
600,000
N Torrance - East
400,000 Old Torrance
200,000 South East Torrance - East
Market Median Sales Price
-
Jan Feb Mar

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 Median Sales Price Year-to-Year by Map Area 2015 2016 2017
Central Torrance 615,000 592,500 665,000
South East Torrance - West 751,500 911,700 754,000
Hollywood Riviera 984,500 1,222,500 1,502,000
South Torrance 692,500 730,000 865,000
Southwood 927,500 770,000 817,500
West Torrance 771,000 959,900 791,750
N Torrance - West 565,000 565,000 624,000
N Torrance - East 583,000 632,000 630,000
Old Torrance 585,500 592,500 650,000
South East Torrance - East 675,000 730,000 758,750
Market Median Sales Price 637,500 692,500 783,000

Median Sales Price Year-to-Year by Map Area: January

1,600,000
Central Torrance
1,400,000
South East Torrance - West
1,200,000 Hollywood Riviera
South Torrance
1,000,000
Southwood
800,000 West Torrance
N Torrance - West
600,000
N Torrance - East
400,000 Old Torrance
South East Torrance - East
200,000
Market Median Sales Price
-
2015 2016 2017

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 2017 Active Listings by Map Area

20
Central Torrance
18
South East Torrance - West
16
Hollywood Riviera
14
South Torrance 12
Southwood 10
West Torrance 8
N Torrance - West 6
N Torrance - East 4
Old Torrance 2
South East Torrance - East -
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance 20
South East Torrance - West 5
Hollywood Riviera 20
South Torrance 6
Southwood 6
West Torrance 16
N Torrance - West 16
N Torrance - East 6
Old Torrance 13
South East Torrance - East 6
Total Active Listings 114

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 2017 Total Active Listings vs. Total Sales

120
100
80
60

Total Active Listings 40

Total Sales 20
-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance 20
South East Torrance - West 5
Hollywood Riviera 20
South Torrance 6
Southwood 6
West Torrance 16
N Torrance - West 16
N Torrance - East 6
Old Torrance 13
South East Torrance - East 6
Total Active Listings 114
Total Sales 56
Sales/Listings Ratio 49.1%

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 Active Listings Year-to-Year by Map Area 2015 2016 2017
Central Torrance 31 30 20
South East Torrance - West 12 11 5
Hollywood Riviera 29 20 20
South Torrance 13 11 6
Southwood 7 10 6
West Torrance 19 14 16
N Torrance - West 20 27 16
N Torrance - East 12 16 6
Old Torrance 21 17 13
South East Torrance - East 22 16 6
Total Active Listings 186 172 114

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

200
180 Central Torrance
160 South East Torrance - West
Hollywood Riviera
140
South Torrance
120 Southwood
100 West Torrance
N Torrance - West
80
N Torrance - East
60 Old Torrance
40 South East Torrance - East
Total Active Listings
20
-
2015 2016 2017

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 2017 Months of Inventory by Map Area

4.0
Central Torrance 3.5
South East Torrance - West
3.0
Hollywood Riviera
South Torrance 2.5
Southwood 2.0
West Torrance
1.5
N Torrance - West
N Torrance - East 1.0
Old Torrance 0.5
South East Torrance - East
-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance 3.0
South East Torrance - West 1.0
Hollywood Riviera 2.0
South Torrance 1.0
Southwood 2.0
West Torrance 4.0
N Torrance - West 2.0
N Torrance - East 2.0
Old Torrance 4.0
South East Torrance - East 3.0

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 Months of Inventory Year-to-Year

4.0

3.5

3.0

2.5

2.0

2015 1.5
2016
1.0
2017

0.5

-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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

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 Summary
Turbulent waters best describes Torrance real estate activity in January as total sales decreased 30%, median days to sell jumped
50%, and the sales-listing ratio dropped 34.4%. Fortunately both the median sales price and net listings data points improved,
though marginally in mid-to-upper 6% range. Evaluation of the year-over-year months of inventory measure shows 3.0 in 2016
relative to 2.0 reported in 2017 (33.3% change).

In January, C.A.R. reported Despite strong headwinds of tight housing supplies and an affordability squeeze throughout much
of 2016, Californias housing market ended the year on a positive note, posting a moderate sales pace and home price
increases in December. http://www.car.org/newsstand/newsreleases/2017releases/dec2016sales?view=Standard

For listing or buying guidance, or additional statistics on market trending behavior, please do not hesitate to contact me to
schedule a time to discuss how I can be of service to you.

Month-to-Month Comparison Dec 2016 Jan 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 80 56 -24 -30.0%
Median Sales Price 732,500 783,000 50,500 6.9%
Median Days to Sell 14 21 7 50.0%
Listings 107 114 7 6.5%
Sales/Listing Ratio 74.8% 49.1% -25.7% -34.4%
Months of Inventory 1.0 2.0 1.0 100.0%
Monthly Comparison Year-to-Year Jan 2016 Jan 2017 Delta Delta Increase Decrease
Total Sales 58 56 -2 -3.4%
Median Sales Price 692,500 783,000 90,500 13.1%
Median Days to Sell 39 21 -18 -46.2%
Listings 172 114 -58 -33.7%
Months of Inventory 3.0 2.0 -1 -33.3%

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 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

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 Hady Chahine
hady@hadychahine.com
310-404-5361

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