Torrance

Residential Real Estate

Market Conditions
February 2017
 Key Statistics for February
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 February
Month-to-Month Comparison Jan 2017 Feb 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 56 58 2 3.6%
Median Sales Price 783,000 706,000 (77,000) -9.8%
Median Days to Sell 21 14 -7 -33.3%
Listings 114 87 -27 -23.7%
Sales/Listing Ratio 49.1% 66.7% 17.6% 35.8%
Months of Inventory 2.0 2.0 0.0 0.0%
Monthly Comparison Year-to-Year Feb 2016 Feb 2017 Delta Delta Increase Decrease
Total Sales 60 58 -2 -3.3%
Median Sales Price 621,250 706,000 84,750 13.6%
Median Days to Sell 37 14 -23 -62.2%
Listings 167 87 -80 -47.9%
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 10
South East Torrance - West 4 3
Hollywood Riviera 11 9
South Torrance 9 2
Southwood 4 4
West Torrance 4 8
N Torrance - West 9 9
N Torrance - East 3 5
Old Torrance 3 6
South East Torrance - East 2 2
Total Sales 56 58

2017 Total Sales Month-to-Month by Map Area

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

-
Jan Feb Mar

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 Total Sales Year-to-Year by Map Area 2015 2016 2017
Central Torrance 15 12 10
South East Torrance - West 2 2 3
Hollywood Riviera 8 8 9
South Torrance 5 4 2
Southwood 6 3 4
West Torrance 4 3 8
N Torrance - West 9 8 9
N Torrance - East 5 9 5
Old Torrance 12 6 6
South East Torrance - East 2 5 2
Total Sales 68 60 58

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

70
Central Torrance
60 South East Torrance - West
Hollywood Riviera
50 South Torrance
Southwood
40
West Torrance
30 N Torrance - West
N Torrance - East
20 Old Torrance
South East Torrance - East
10 Total Sales
-
2015 2016 2017

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 Median Sales Price Month-to-Month by Map Area Jan Feb Mar
Central Torrance 665,000 644,975
South East Torrance - West 754,000 580,125
Hollywood Riviera 1,502,000 1,399,000
South Torrance 865,000 838,750
Southwood 817,500 815,500
West Torrance 791,750 762,000
N Torrance - West 624,000 620,000
N Torrance - East 630,000 505,000
Old Torrance 650,000 595,000
South East Torrance - East 758,750 573,000
Market Median Sales Price 783,000 706,000

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
South East Torrance - East
200,000 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 530,000 565,000 644,975
South East Torrance - West 619,500 766,000 580,125
Hollywood Riviera 935,000 1,002,500 1,399,000
South Torrance 695,000 742,500 838,750
Southwood 515,000 755,000 815,500
West Torrance 820,000 1,050,000 762,000
N Torrance - West 619,000 599,000 620,000
N Torrance - East 460,000 555,000 505,000
Old Torrance 607,500 612,450 595,000
South East Torrance - East 595,750 600,000 573,000
Market Median Sales Price 614,500 621,250 706,000

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

1,400,000
Central Torrance
1,200,000 South East Torrance - West
Hollywood Riviera
1,000,000 South Torrance
Southwood
800,000
West Torrance
600,000 N Torrance - West
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
South East Torrance - West
15
Hollywood Riviera
South Torrance
Southwood 10
West Torrance
N Torrance - West
N Torrance - East 5
Old Torrance
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 9
South East Torrance - West 5 8
Hollywood Riviera 20 13
South Torrance 6 8
Southwood 6 10
West Torrance 16 9
N Torrance - West 16 9
N Torrance - East 6 3
Old Torrance 13 12
South East Torrance - East 6 6
Total Active Listings 114 87

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 2017 Total Active Listings vs. Total Sales

120
100
80
60
40
Total Active Listings
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 9
South East Torrance - West 5 8
Hollywood Riviera 20 13
South Torrance 6 8
Southwood 6 10
West Torrance 16 9
N Torrance - West 16 9
N Torrance - East 6 3
Old Torrance 13 12
South East Torrance - East 6 6
Total Active Listings 114 87
Total Sales 56 58
Sales/Listings Ratio 49.1% 66.7%

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 Active Listings Year-to-Year by Map Area 2015 2016 2017
Central Torrance 27 20 9
South East Torrance - West 17 15 8
Hollywood Riviera 20 19 13
South Torrance 16 13 8
Southwood 4 10 10
West Torrance 13 12 9
N Torrance - West 21 29 9
N Torrance - East 10 16 3
Old Torrance 19 23 12
South East Torrance - East 21 10 6
Total Active Listings 168 167 87

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

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

-
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 1.0
South East Torrance - West 1.0 3.0
Hollywood Riviera 2.0 1.0
South Torrance 1.0 4.0
Southwood 2.0 3.0
West Torrance 4.0 1.0
N Torrance - West 2.0 1.0
N Torrance - East 2.0 1.0
Old Torrance 4.0 2.0
South East Torrance - East 3.0 3.0

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 Months of Inventory Year-to-Year

4.0

3.5

3.0

2.5

2.0

1.5
2015
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 2.0

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 Summary
Torrance real estate investment in February picked up marginally compared to January as total sales increased 3.6%, median days
to sell dropped 33.3%, and the sales-listing ratio improved 35.8%. Disappointingly both the median sales price and net listings
experienced declines in performance (-9.8% and -23.7% respectively). Year-over-year months of inventory fell 33.3% from
February 2016 to 2017.

In February, C.A.R. reported Existing, single-family home sales totaled 420,100 in January on a seasonally adjusted
annualized rate, up 2.1 percent from December and 4.4 percent from January 2016.
http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/jan2017sales?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!

Month-to-Month Comparison Jan 2017 Feb 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 56 58 2 3.6%
Median Sales Price 783,000 706,000 (77,000) -9.8%
Median Days to Sell 21 14 -7 -33.3%
Listings 114 87 -27 -23.7%
Sales/Listing Ratio 49.1% 66.7% 17.6% 35.8%
Months of Inventory 2.0 2.0 0.0 0.0%
Monthly Comparison Year-to-Year Feb 2016 Feb 2017 Delta Delta Increase Decrease
Total Sales 60 58 -2 -3.3%
Median Sales Price 621,250 706,000 84,750 13.6%
Median Days to Sell 37 14 -23 -62.2%
Listings 167 87 -80 -47.9%
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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