Torrance

Residential Real Estate

Market Conditions
November 2016

Key Statistics for November

Sales
2016 Residential Sales Stats
Year-to-Year Total Sales by Map Area
Median
2016 Median Sales Stats
Year-to-Year Median Sales by Map Area

Table of
Contents

Listings
2016 Active Listings by Map Area
2016 Total Active Listings vs. Total Sales
Year-to-Year Active Listings by Map Area

Inventory
2016 Months of Inventory by Map Area
Year-to-Year Months of Inventory
Summary

About Hady Chahine

Contact Information

Key Statistics for November

Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory

Oct 2016

Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory

Nov 2015
64
645,000
36
229
3.0

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90
732,500
19
150
60.0%
2.0

Nov 2016
Delta (qty)
87
-3
680,000
(52,500)
22
3
127
-23
68.5%
8.5%
1.0
-1.0

Nov 2016
87
680,000
22
127
1.0

Delta
23
35,000
-14
-102
-2

Delta (%)
-3.3%
-7.2%
15.8%
-15.3%
14.2%
-50.0%

Increase

Decrease

Delta
35.9%
5.4%
-38.9%
-44.5%
-66.7%

Increase

Decrease

= trending positive

= trending positive

= trending negative

= trending negative

Total Sales Month-to-Month by Map Area

Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance - East
Total Sales

Sep
12
13
15
8
7
8
17
3
16
9
108

Oct
19
7
11
12
5
7
9
6
10
4
90

Nov
17
6
7
4
4
10
17
8
9
5
87

2016 Total Sales Month-to-Month by Map Area

120

Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance - East
Total Sales

100
80
60
40
20
Sep

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Oct

Nov

Total Sales Year-to-Year by Map Area

Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance - East
Total Sales

2014
13
7
9
2
4
8
10
6
8
8
75

2015
8
3
5
8
5
4
12
2
10
7
64

2016
17
6
7
4
4
10
17
8
9
5
87

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

90

Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance - East
Total Sales

80
70
60
50
40
30
20
10
2014

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2015

2016

Median Sales Price Month-to-Month by Map Area

Sep
Central Torrance
662,500
South East Torrance - West
810,000
Hollywood Riviera
1,150,000
South Torrance
842,500
Southwood
780,000
West Torrance
812,650
N Torrance - West
630,000
N Torrance - East
620,000
Old Torrance
620,500
South East Torrance - East
790,000
Market Median Sales Price
733,500

Oct
581,000
485,000
1,100,000
816,000
835,000
800,000
640,000
625,000
565,000
761,500
732,500

Nov
632,000
817,000
1,150,000
829,750
920,000
747,500
650,000
645,000
560,000
681,000
680,000

2016 Median Sales Price Month-to-Month by Map Area

1,200,000

Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance - East
Market Median Sales Price

1,000,000
800,000
600,000
400,000
200,000
Sep

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Oct

Nov

Median Sales Price Year-to-Year by Map Area

2014
2015
2016
Central Torrance
651,000
407,500
632,000
South East Torrance - West
475,000
520,000
817,000
Hollywood Riviera
1,080,000 1,135,000 1,150,000
South Torrance
1,132,500
830,000
829,750
Southwood
641,500
728,000
920,000
West Torrance
694,250
913,000
747,500
N Torrance - West
573,500
634,975
650,000
N Torrance - East
534,375
584,000
645,000
Old Torrance
575,250
589,250
560,000
South East Torrance - East
609,500
770,000
681,000
Market Median Sales Price
610,000
645,000
680,000

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

1,200,000

Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance - East
Market Median Sales Price

1,000,000
800,000
600,000

400,000
200,000
2014

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2015

2016

2016 Active Listings by Map Area

35
Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance - East

30
25
20
15
10
5
Jan

Active Listings vs. Total Sales by Map Area

Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance - East
Total Active Listings

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Feb

Jan
24
12
18
10
11
4
27
13
20
12
151

Mar

Apr

May

Feb
25
18
22
15
14
10
33
18
24
13
192

Mar
23
14
14
17
12
14
23
17
28
15
177

Apr
21
16
16
15
11
13
30
15
30
15
182

Jun

May
20
22
22
23
10
13
28
13
30
16
197

Jul

Jun
24
21
24
21
7
24
28
14
32
18
213

Aug

Jul
27
13
26
21
8
17
32
15
30
14
203

Sep

Aug
29
12
25
14
7
19
27
5
18
9
165

Oct

Sep
27
6
26
12
6
14
31
13
23
11
169

Oct
21
6
22
12
7
18
24
12
19
9
150

Nov

Nov
20
6
20
8
7
16
16
9
15
10
127

Dec

Dec

2016 Total Active Listings vs. Total Sales

250
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
24
25
23
21
20
24
27
29
27
21
20
South East Torrance - West
12
18
14
16
22
21
13
12
6
6
6
Hollywood Riviera
18
22
14
16
22
24
26
25
26
22
20
South Torrance
10
15
17
15
23
21
21
14
12
12
8
Southwood
11
14
12
11
10
7
8
7
6
7
7
West Torrance
4
10
14
13
13
24
17
19
14
18
16
N Torrance - West
27
33
23
30
28
28
32
27
31
24
16
N Torrance - East
13
18
17
15
13
14
15
5
13
12
9
Old Torrance
20
24
28
30
30
32
30
18
23
19
15
South East Torrance - East
12
13
15
15
16
18
14
9
11
9
10
Total Active Listings
151 192 177 182 197 213 203 165 169 150 127
Total Sales
58
60
89 109
89 114 103 134 108
90
87
Sales/Listings Ratio 38.4% 31.3% 50.3% 59.9% 45.2% 53.5% 50.7% 81.2% 63.9% 60.0% 68.5%

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Active Listings Year-to-Year by Map Area

Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance - East
Total Active Listings

2014
35
20
19
18
5
15
22
13
34
21
202

2015
32
15
27
14
8
21
42
19
31
20
229

2016
20
6
20
8
7
16
16
9
15
10
127

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

250

Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance - East
Total Active Listings

200
150
100
50
2014

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2015

2016

2016 Months of Inventory by Map Area

9.0
Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance - East

8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
Jan

Months of Inventory by Map Area

Central Torrance
South East Torrance - West
Hollywood Riviera
South Torrance
Southwood
West Torrance
N Torrance - West
N Torrance - East
Old Torrance
South East Torrance - East

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Jan
4.0
4.0
5.0
1.0
2.0
3.0
3.0
3.0
3.0

Feb

Feb
2.0
9.0
3.0
4.0
5.0
3.0
4.0
2.0
4.0
3.0

Mar

Mar
1.0
7.0
2.0
2.0
1.0
5.0
2.0
4.0
2.0
2.0

Apr

Apr
2.0
2.0
2.0
1.0
1.0
1.0
2.0
2.0
2.0
3.0

May

May
2.0
4.0
2.0
2.0
1.0
3.0
4.0
1.0
6.0
2.0

Jun

Jun
1.0
4.0
2.0
2.0
1.0
2.0
2.0
2.0
2.0
2.0

Jul

Jul
2.0
1.0
2.0
3.0
2.0
2.0
2.0
2.0
2.0
3.0

Aug

Aug
2.0
1.0
2.0
1.0
1.0
1.0
2.0
1.0
1.0

Sep

Sep
2.0
2.0
2.0
1.0
2.0
2.0
4.0
1.0
1.0

Oct

Oct
1.0
1.0
2.0
1.0
1.0
3.0
3.0
2.0
2.0
2.0

Nov

Nov
1.0
1.0
3.0
2.0
2.0
2.0
1.0
1.0
2.0
2.0

Dec

Dec

Months of Inventory Year-to-Year

4.0
3.5
3.0
2.5
2.0
1.5
2014

2015

1.0

2016
0.5
Jan

Feb

Months of Inventory Year-to-Year

2014
2015
2016

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Mar

Jan
3.0
4.0
3.0

Apr

Feb
2.0
3.0
3.0

May

Mar
2.0
2.0
2.0

Jun

Apr
3.0
2.0
2.0

Jul

May
2.0
2.0
2.0

Aug

Jun
4.0
2.0
2.0

Jul
2.0
2.0
2.0

Sep

Aug
2.0
2.0
1.0

Oct

Sep
3.0
3.0
2.0

Nov

Oct
2.0
3.0
2.0

Dec

Nov
3.0
3.0
1.0

Dec
2.0
1.0

Summary
November proved challenging for Torrance real estate investors as totals sales dropped 3.3%, median sales price fell 7.2%, net
listings decreased 15.3%, and median days to sell jumped 15.8%. The sales-listing ratio did, however, improve by 14.2%. Yearover-year months of inventory metric shrunk 66.7% from November 2015 to 2016.
In November, C.A.R. reported Californias housing market showed signs of cooling competition with fewer price reductions and
properties receiving multiple offers dropping for the seventh straight month.
http://www.car.org/newsstand/newsreleases/2016releases/oct2016pending?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
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory

Oct 2016

Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory

Nov 2015
64
645,000
36
229
3.0

Back to Table of Contents

90
732,500
19
150
60.0%
2.0

Nov 2016
Delta (qty)
87
-3
680,000
(52,500)
22
3
127
-23
68.5%
8.5%
1.0
-1.0

Nov 2016
87
680,000
22
127
1.0

Delta
23
35,000
-14
-102
-2

Delta (%)
-3.3%
-7.2%
15.8%
-15.3%
14.2%
-50.0%

Increase

Decrease

Delta
35.9%
5.4%
-38.9%
-44.5%
-66.7%

Increase

Decrease

 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

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.

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