Torrance

Residential Real Estate

Market Conditions
June 2017
 Key Statistics for June
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 June
Month-to-Month Comparison May 2017 June 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 90 138 48 53.3%
Median Sales Price 764,200 764,000 (200) -0.03%
Median Days to Sell 11 10 -1 -9.1%
Listings 121 136 15 12.4%
Sales/Listing Ratio 74.4% 101.5% 27.1% 36.4%
Months of Inventory 1.0 1.0 0.0 0.0%
Monthly Comparison Year-to-Year June 2016 June 2017 Delta Delta Increase Decrease
Total Sales 114 138 24 21.1%
Median Sales Price 695,000 764,000 69,000 9.9%
Median Days to Sell 35 10 -25 -71.4%
Listings 184 136 -48 -26.1%
Months of Inventory 2.0 1.0 -1 -50.0%

= trending positive = trending positive

= trending negative = trending negative

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 Total Sales Month-to-Month by Map Area Apr May Jun
Central Torrance 11 18 15
South East Torrance - West 4 7 17
Hollywood Riviera 8 7 18
South Torrance 10 9 13
Southwood 6 5 10
West Torrance 8 11 6
N Torrance - West 20 9 20
N Torrance - East 3 6 6
Old Torrance 9 12 18
South East Torrance - East 1 6 15
Total Sales 80 90 138

2017 Total Sales Month-to-Month by Map Area

140
Central Torrance
120 South East Torrance - West
Hollywood Riviera
100
South Torrance
80 Southwood
West Torrance
60 N Torrance - West
N Torrance - East
40 Old Torrance
South East Torrance - East
20 Total Sales

-
Apr May Jun

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 Total Sales Year-to-Year by Map Area 2015 2016 2017
Central Torrance 20 21 15
South East Torrance - West 7 6 17
Hollywood Riviera 14 12 18
South Torrance 7 10 13
Southwood 4 8 10
West Torrance 7 10 6
N Torrance - West 10 14 20
N Torrance - East 11 8 6
Old Torrance 18 13 18
South East Torrance - East 7 12 15
Total Sales 105 114 138

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

140
Central Torrance
120 South East Torrance - West
Hollywood Riviera
100
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

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 Median Sales Price Month-to-Month by Map Area Apr May Jun
Central Torrance 740,000 712,500 608,000
South East Torrance - West 612,500 840,000 470,000
Hollywood Riviera 1,457,500 1,405,000 1,396,500
South Torrance 890,500 890,000 995,000
Southwood 851,000 800,000 968,000
West Torrance 845,000 1,125,000 981,500
N Torrance - West 648,000 690,000 665,000
N Torrance - East 591,000 706,000 658,000
Old Torrance 615,000 640,000 650,000
South East Torrance - East 815,000 774,500 785,000
Market Median Sales Price 740,000 764,200 764,000

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
Old Torrance
400,000
South East Torrance - East
200,000 Market Median Sales Price

-
Apr May Jun

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 Median Sales Price Year-to-Year by Map Area 2015 2016 2017
Central Torrance 578,140 605,000 608,000
South East Torrance - West 410,000 367,450 470,000
Hollywood Riviera 1,082,500 1,177,000 1,396,500
South Torrance 740,000 856,500 995,000
Southwood 783,000 687,500 968,000
West Torrance 805,000 865,500 981,500
N Torrance - West 577,500 603,000 665,000
N Torrance - East 575,000 542,500 658,000
Old Torrance 589,500 595,000 650,000
South East Torrance - East 665,000 742,500 785,000
Market Median Sales Price 625,000 695,000 764,000

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

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

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 2017 Active Listings by Map Area

25

20
Central Torrance
South East Torrance - West
15
Hollywood Riviera
South Torrance
Southwood 10
West Torrance
N Torrance - West
5
N Torrance - East
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 15
South East Torrance - West 5 8 15 16 9 12
Hollywood Riviera 20 13 18 21 22 22
South Torrance 6 8 13 6 11 15
Southwood 6 10 6 5 6 6
West Torrance 16 9 8 9 6 9
N Torrance - West 16 9 15 17 18 18
N Torrance - East 6 3 2 5 3 5
Old Torrance 13 12 18 21 21 23
South East Torrance - East 6 6 7 14 11 11
Total Active Listings 114 87 114 129 121 136

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 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 15
South East Torrance - West 5 8 15 16 9 12
Hollywood Riviera 20 13 18 21 22 22
South Torrance 6 8 13 6 11 15
Southwood 6 10 6 5 6 6
West Torrance 16 9 8 9 6 9
N Torrance - West 16 9 15 17 18 18
N Torrance - East 6 3 2 5 3 5
Old Torrance 13 12 18 21 21 23
South East Torrance - East 6 6 7 14 11 11
Total Active Listings 114 87 114 129 121 136
Total Sales 56 58 78 80 90 138
Sales/Listings Ratio 49.1% 66.7% 68.4% 62.0% 74.4% 101.5%

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 Active Listings Year-to-Year by Map Area 2015 2016 2017
Central Torrance 23 17 15
South East Torrance - West 16 20 12
Hollywood Riviera 22 25 22
South Torrance 16 21 15
Southwood 7 5 6
West Torrance 13 18 9
N Torrance - West 25 26 18
N Torrance - East 15 8 5
Old Torrance 18 25 23
South East Torrance - East 14 19 11
Total Active Listings 169 184 136

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

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
20 Total Active Listings

-
2015 2016 2017

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 2017 Months of Inventory by Map Area

14.0

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

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 Months of Inventory Year-to-Year

4.0

3.5

3.0

2.5

2.0

1.5
2015
1.0
2016
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 1.0 2.0 1.0 1.0

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 Summary
June was a busy, busy month for Torrance residential real estate as closed escrows spiked 53.3%, the sales-listing ratio climbed
36.4%, net listings increased 12.4%, and the median days to sell metric dropped 9.1%. During this time the median sales price
data point fell by $200 or 0.03%. Year-over-year months of inventory metric decreased 50% from June 2016 to 2017.

In May, C.A.R. reported Californias housing market rebounded in May as existing home sales and median home price
recorded strong gains on both a monthly and annual basis, a trend in every major region of the state.
http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/may2017sales?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 May 2017 June 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 90 138 48 53.3%
Median Sales Price 764,200 764,000 (200) -0.03%
Median Days to Sell 11 10 -1 -9.1%
Listings 121 136 15 12.4%
Sales/Listing Ratio 74.4% 101.5% 27.1% 36.4%
Months of Inventory 1.0 1.0 0.0 0.0%
Monthly Comparison Year-to-Year June 2016 June 2017 Delta Delta Increase Decrease
Total Sales 114 138 24 21.1%
Median Sales Price 695,000 764,000 69,000 9.9%
Median Days to Sell 35 10 -25 -71.4%
Listings 184 136 -48 -26.1%
Months of Inventory 2.0 1.0 -1 -50.0%

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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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