Torrance

Residential Real Estate

Market Conditions
May 2017
 Key Statistics for May
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 May
Month-to-Month Comparison Apr 2017 May 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 80 90 10 12.5%
Median Sales Price 740,000 764,200 24,200 3.3%
Median Days to Sell 12 11 -1 -8.3%
Listings 129 121 -8 -6.2%
Sales/Listing Ratio 62.0% 74.4% 12.4% 20.0%
Months of Inventory 2.0 1.0 -1.0 -50.0%
Monthly Comparison Year-to-Year May 2016 May 2017 Delta Delta Increase Decrease
Total Sales 90 90 0 0.0%
Median Sales Price 727,500 764,200 36,700 5.0%
Median Days to Sell 35 11 -24 -68.6%
Listings 181 121 -60 -33.1%
Months of Inventory 2.0 1.0 -1 -50.0%

= trending positive = trending positive

= trending negative = trending negative

Back to Table of Contents

 Total Sales Month-to-Month by Map Area Mar Apr May
Central Torrance 12 11 18
South East Torrance - West 6 4 7
Hollywood Riviera 9 8 7
South Torrance 6 10 9
Southwood 6 6 5
West Torrance 10 8 11
N Torrance - West 10 20 9
N Torrance - East 8 3 6
Old Torrance 7 9 12
South East Torrance - East 4 1 6
Total Sales 78 80 90

2017 Total Sales Month-to-Month by Map Area

90
Central Torrance
80 South East Torrance - West
70 Hollywood Riviera
South Torrance
60
Southwood
50 West Torrance
N Torrance - West
40
N Torrance - East
30 Old Torrance
20 South East Torrance - East
Total Sales
10
-
Mar Apr May

Back to Table of Contents

 Total Sales Year-to-Year by Map Area 2015 2016 2017
Central Torrance 16 13 18
South East Torrance - West 7 5 7
Hollywood Riviera 13 12 7
South Torrance 9 10 9
Southwood 7 12 5
West Torrance 11 4 11
N Torrance - West 17 7 9
N Torrance - East 9 13 6
Old Torrance 13 5 12
South East Torrance - East 7 9 6
Total Sales 109 90 90

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

120
Central Torrance
South East Torrance - West
100
Hollywood Riviera
South Torrance
80 Southwood
West Torrance
60 N Torrance - West
N Torrance - East
40 Old Torrance
South East Torrance - East
20 Total Sales

-
2015 2016 2017

Back to Table of Contents

 Median Sales Price Month-to-Month by Map Area Mar Apr May
Central Torrance 674,000 740,000 712,500
South East Torrance - West 447,500 612,500 840,000
Hollywood Riviera 1,450,000 1,457,500 1,405,000
South Torrance 865,500 890,500 890,000
Southwood 810,000 851,000 800,000
West Torrance 805,000 845,000 1,125,000
N Torrance - West 632,500 648,000 690,000
N Torrance - East 630,000 591,000 706,000
Old Torrance 515,000 615,000 640,000
South East Torrance - East 789,500 815,000 774,500
Market Median Sales Price 727,500 740,000 764,200

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

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

-
Mar Apr May

Back to Table of Contents

 Median Sales Price Year-to-Year by Map Area 2015 2016 2017
Central Torrance 685,000 690,000 712,500
South East Torrance - West 699,900 450,000 840,000
Hollywood Riviera 1,159,000 1,266,858 1,405,000
South Torrance 765,000 893,500 890,000
Southwood 735,000 782,500 800,000
West Torrance 697,000 842,500 1,125,000
N Torrance - West 595,000 695,000 690,000
N Torrance - East 544,500 580,000 706,000
Old Torrance 525,000 454,000 640,000
South East Torrance - East 742,500 736,000 774,500
Market Median Sales Price 675,000 727,500 764,200

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

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

Back to Table of Contents

 2017 Active Listings by Map Area

25
Central Torrance
South East Torrance - West 20
Hollywood Riviera
South Torrance 15
Southwood
West Torrance 10
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 12 15 14
South East Torrance - West 5 8 15 16 9
Hollywood Riviera 20 13 18 21 22
South Torrance 6 8 13 6 11
Southwood 6 10 6 5 6
West Torrance 16 9 8 9 6
N Torrance - West 16 9 15 17 18
N Torrance - East 6 3 2 5 3
Old Torrance 13 12 18 21 21
South East Torrance - East 6 6 7 14 11
Total Active Listings 114 87 114 129 121

Back to Table of Contents

 2017 Total Active Listings vs. Total Sales

140
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 9 12 15 14
South East Torrance - West 5 8 15 16 9
Hollywood Riviera 20 13 18 21 22
South Torrance 6 8 13 6 11
Southwood 6 10 6 5 6
West Torrance 16 9 8 9 6
N Torrance - West 16 9 15 17 18
N Torrance - East 6 3 2 5 3
Old Torrance 13 12 18 21 21
South East Torrance - East 6 6 7 14 11
Total Active Listings 114 87 114 129 121
Total Sales 56 58 78 80 90
Sales/Listings Ratio 49.1% 66.7% 68.4% 62.0% 74.4%

Back to Table of Contents

 Active Listings Year-to-Year by Map Area 2015 2016 2017
Central Torrance 32 18 14
South East Torrance - West 14 21 9
Hollywood Riviera 15 22 22
South Torrance 15 20 11
Southwood 5 10 6
West Torrance 9 14 6
N Torrance - West 22 27 18
N Torrance - East 16 8 3
Old Torrance 23 27 21
South East Torrance - East 18 14 11
Total Active Listings 169 181 121

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

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

-
2015 2016 2017

Back to Table of Contents

 2017 Months of Inventory by Map Area

14.0
Central Torrance 12.0
South East Torrance - West
Hollywood Riviera 10.0
South Torrance 8.0
Southwood
West Torrance 6.0
N Torrance - West 4.0
N Torrance - East
Old Torrance 2.0
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 1.0 1.0 1.0
South East Torrance - West 1.0 3.0 3.0 4.0 1.0
Hollywood Riviera 2.0 1.0 2.0 3.0 3.0
South Torrance 1.0 4.0 2.0 1.0 1.0
Southwood 2.0 3.0 1.0 1.0 1.0
West Torrance 4.0 1.0 1.0 1.0 1.0
N Torrance - West 2.0 1.0 2.0 1.0 2.0
N Torrance - East 2.0 1.0 - 2.0 1.0
Old Torrance 4.0 2.0 3.0 2.0 2.0
South East Torrance - East 3.0 3.0 2.0 14.0 2.0

Back to Table of Contents

 Months of Inventory Year-to-Year

4.0

3.5

3.0

2.5

2.0

1.5

2015 1.0
2016
0.5
2017
-
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 1.0 2.0 1.0

Back to Table of Contents

 Summary
Lots of real estate investment in the Torrance market in May as total sales increased 12.5%, the median sales price bumped 3.3%,
the sales-listing ratio improved 20%, and the median days to sell dropped 8.3%. Net listings decreased 6.2%. Year-over-year
months of inventory metric declined 50% from May 2016 to 2017.

In May, C.A.R. reported Following a strong first quarter start, California home sales lost momentum in April, while the
median home price accelerated to a near-10-year high.
http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/apr2017sales

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 Apr 2017 May 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 80 90 10 12.5%
Median Sales Price 740,000 764,200 24,200 3.3%
Median Days to Sell 12 11 -1 -8.3%
Listings 129 121 -8 -6.2%
Sales/Listing Ratio 62.0% 74.4% 12.4% 20.0%
Months of Inventory 2.0 1.0 -1.0 -50.0%
Monthly Comparison Year-to-Year May 2016 May 2017 Delta Delta Increase Decrease
Total Sales 90 90 0 0.0%
Median Sales Price 727,500 764,200 36,700 5.0%
Median Days to Sell 35 11 -24 -68.6%
Listings 181 121 -60 -33.1%
Months of Inventory 2.0 1.0 -1 -50.0%

Back to Table of Contents

 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

Back to Table of Contents

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

Website Listings MLS BLOG

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.

Back to Table of Contents