Torrance

Residential Real Estate

Market Conditions
July 2017
 Key Statistics for July
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 July
Month-to-Month Comparison June 2017 July 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 138 80 -58 -42.0%
Median Sales Price 764,000 777,500 13,500 1.77%
Median Days to Sell 10 10 0 0.0%
Listings 136 154 18 13.2%
Sales/Listing Ratio 101.5% 51.9% -49.6% -48.9%
Months of Inventory 1.0 2.0 1.0 100.0%
Monthly Comparison Year-to-Year July 2016 July 2017 Delta Delta Increase Decrease
Total Sales 103 80 -23 -22.3%
Median Sales Price 695,900 777,500 81,600 11.7%
Median Days to Sell 33 10 -23 -69.7%
Listings 179 154 -25 -14.0%
Months of Inventory 2.0 2.0 0 0.0%

= trending positive = trending positive

= trending negative = trending negative

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

2017 Total Sales Month-to-Month by Map Area

140 Central Torrance

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

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 Total Sales Year-to-Year by Map Area 2015 2016 2017
Central Torrance 14 15 10
South East Torrance - West 7 12 9
Hollywood Riviera 12 11 9
South Torrance 7 7 4
Southwood 6 5 6
West Torrance 13 9 7
N Torrance - West 25 15 10
N Torrance - East 10 7 7
Old Torrance 9 17 8
South East Torrance - East 5 5 10
Total Sales 108 103 80

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

120 Central Torrance

South East Torrance - West
100 Hollywood Riviera
South Torrance
80 Southwood
West Torrance
60
N Torrance - West
40 N Torrance - East
Old Torrance
20 South East Torrance - East
Total Sales
-
2015 2016 2017

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 Median Sales Price Month-to-Month by Map Area May Jun Jul
Central Torrance 712,500 608,000 870,000
South East Torrance - West 840,000 470,000 450,000
Hollywood Riviera 1,405,000 1,396,500 1,150,000
South Torrance 890,000 995,000 872,500
Southwood 800,000 968,000 884,900
West Torrance 1,125,000 981,500 895,000
N Torrance - West 690,000 665,000 695,000
N Torrance - East 706,000 658,000 655,000
Old Torrance 640,000 650,000 702,500
South East Torrance - East 774,500 785,000 784,500
Market Median Sales Price 764,200 764,000 777,500

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

1,600,000 Central Torrance

South East Torrance - West
1,400,000
Hollywood Riviera
1,200,000 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
-
May Jun Jul

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 Median Sales Price Year-to-Year by Map Area 2015 2016 2017
Central Torrance 577,500 700,000 870,000
South East Torrance - West 740,000 662,500 450,000
Hollywood Riviera 1,142,750 1,200,000 1,150,000
South Torrance 900,000 865,000 872,500
Southwood 767,000 750,000 884,900
West Torrance 759,900 845,000 895,000
N Torrance - West 634,000 513,000 695,000
N Torrance - East 541,000 655,000 655,000
Old Torrance 543,600 610,000 702,500
South East Torrance - East 750,000 750,000 784,500
Market Median Sales Price 659,500 695,900 777,500

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

1,200,000 Central Torrance

South East Torrance - West
1,000,000 Hollywood Riviera
South Torrance
800,000 Southwood
West Torrance
600,000
N Torrance - West
400,000 N Torrance - East
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
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 15 25
South East Torrance - West 5 8 15 16 9 12 13
Hollywood Riviera 20 13 18 21 22 22 16
South Torrance 6 8 13 6 11 15 21
Southwood 6 10 6 5 6 6 8
West Torrance 16 9 8 9 6 9 14
N Torrance - West 16 9 15 17 18 18 18
N Torrance - East 6 3 2 5 3 5 5
Old Torrance 13 12 18 21 21 23 19
South East Torrance - East 6 6 7 14 11 11 15
Total Active Listings 114 87 114 129 121 136 154

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 2017 Total Active Listings vs. Total Sales

200

150

100
Total Active Listings
Total Sales 50

-
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 25
South East Torrance - West 5 8 15 16 9 12 13
Hollywood Riviera 20 13 18 21 22 22 16
South Torrance 6 8 13 6 11 15 21
Southwood 6 10 6 5 6 6 8
West Torrance 16 9 8 9 6 9 14
N Torrance - West 16 9 15 17 18 18 18
N Torrance - East 6 3 2 5 3 5 5
Old Torrance 13 12 18 21 21 23 19
South East Torrance - East 6 6 7 14 11 11 15
Total Active Listings 114 87 114 129 121 136 154
Total Sales 56 58 78 80 90 138 80
Sales/Listings Ratio 49.1% 66.7% 68.4% 62.0% 74.4% 101.5% 51.9%

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 Active Listings Year-to-Year by Map Area 2015 2016 2017
Central Torrance 37 22 25
South East Torrance - West 17 13 13
Hollywood Riviera 32 23 16
South Torrance 19 21 21
Southwood 10 8 8
West Torrance 16 11 14
N Torrance - West 34 33 18
N Torrance - East 14 11 5
Old Torrance 22 25 19
South East Torrance - East 15 12 15
Total Active Listings 216 179 154

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

250 Central Torrance

South East Torrance - West
Hollywood Riviera
200
South Torrance
Southwood
150
West Torrance
N Torrance - West
100 N Torrance - East
Old Torrance
50 South East Torrance - East
Total Active Listings
-
2015 2016 2017

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 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 1.0 3.0
South East Torrance - West 1.0 3.0 3.0 4.0 1.0 1.0 1.0
Hollywood Riviera 2.0 1.0 2.0 3.0 3.0 1.0 2.0
South Torrance 1.0 4.0 2.0 1.0 1.0 1.0 5.0
Southwood 2.0 3.0 1.0 1.0 1.0 1.0 1.0
West Torrance 4.0 1.0 1.0 1.0 1.0 2.0 2.0
N Torrance - West 2.0 1.0 2.0 1.0 2.0 1.0 2.0
N Torrance - East 2.0 1.0 - 2.0 1.0 1.0 1.0
Old Torrance 4.0 2.0 3.0 2.0 2.0 1.0 2.0
South East Torrance - East 3.0 3.0 2.0 14.0 2.0 1.0 2.0

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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 1.0 2.0 1.0 1.0 2.0

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 Summary
Hermosa Beach real estate activity in July resulted in a $13,500 increase in the median sales price while net listings improved
13.2%. However, total closed escrows dropped by 42% while the sales-listing ratio decreased 48.9%. Year-over-year months of
inventory data point held constant at 2.0.

In June, C.A.R. reported With active listings 13.5 percent lower than last June, weve now experienced a full two years in
which active listings have fallen on a year-over-year basis and the lowest inventory level this year. Would-be sellers arent
listing their homes as many of them would also face an inventory challenge if they were to turn around and buy another
property. http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/june2017sales

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 June 2017 July 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 138 80 -58 -42.0%
Median Sales Price 764,000 777,500 13,500 1.77%
Median Days to Sell 10 10 0 0.0%
Listings 136 154 18 13.2%
Sales/Listing Ratio 101.5% 51.9% -49.6% -48.9%
Months of Inventory 1.0 2.0 1.0 100.0%
Monthly Comparison Year-to-Year July 2016 July 2017 Delta Delta Increase Decrease
Total Sales 103 80 -23 -22.3%
Median Sales Price 695,900 777,500 81,600 11.7%
Median Days to Sell 33 10 -23 -69.7%
Listings 179 154 -25 -14.0%
Months of Inventory 2.0 2.0 0 0.0%

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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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