Torrance

Residential Real Estate

Market Conditions
November 2015

Key Statistics for November

Sales
2015 Residential Sales Stats
Year-to-Year Total Sales by Map Area
Median
2015 Median Sales Stats
Year-to-Year Median Sales by Map Area

Table of
Contents

Listings
2015 Active Listings by Map Area
2015 Total Active Listings vs. Total Sales
Year-to-Year Active Listings by Map Area

Inventory
2015 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 2015

Monthly Comparison Year-to-Year

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

Nov 2014
75
610,000
48
201
2.3

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94
611,750
40
210
44.8%
2.0

Nov 2015
Delta (qty)
64
-30
645,000
33,250
36
-4
212
2
30.2%
-14.6%
3.0
1.0

Nov 2015
64
645,000
36
212
3.0

Delta
-11
35,000
-12
11
0.7

Delta (%)
-31.9%
5.4%
-10.0%
1.0%
-32.6%
50.0%

Increase

Decrease

Delta
-14.7%
5.7%
-25.0%
5.5%
30.4%

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
15
11
9
11
4
11
18
7
9
3
98

Oct
16
9
14
4
5
4
10
15
13
4
94

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

2015 Total Sales Month-to-Month by Map Area

100
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
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

2013
12
7
8
5
6
7
7
9
8
69

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

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

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

80
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

70
60
50
40
30
20
10
2013

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2014

2015

Median Sales Price Month-to-Month by Map Area

Sep
Central Torrance
555,000
South East Torrance - West
770,000
Hollywood Riviera
1,095,000
South Torrance
865,000
Southwood
805,000
West Torrance
741,000
N Torrance - West
595,000
N Torrance - East
593,000
Old Torrance
569,500
South East Torrance - East
715,000
Market Median Sales Price
672,500

Oct
560,000
390,000
1,424,968
893,750
815,000
762,500
552,500
560,000
548,000
694,000
611,750

Nov
407,500
520,000
1,135,000
830,000
728,000
913,000
634,975
584,000
589,250
770,000
645,000

2015 Median Sales Price Month-to-Month by Map Area

1,600,000
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

1,400,000
1,200,000
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

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

2013
550,250
367,500
910,000
760,000
708,000
540,000
490,000
443,000
665,000
565,000

2014
651,000
475,000
1,080,000
1,132,500
641,500
694,250
573,500
534,375
575,250
609,500
610,000

2015
407,500
520,000
1,135,000
830,000
728,000
913,000
634,975
584,000
589,250
770,000
645,000

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
2013

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2014

2015

2015 Active Listings by Map Area

45
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

40
35
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

Mar

Apr

May

Jun

Jul

Jan
27
16
20
11
6
12
17
10
20
17
156

Feb
28
17
18
13
6
13
20
7
21
21
164

Mar
29
12
16
16
8
9
20
10
22
16
158

Apr
34
13
21
17
7
8
22
17
25
13
177

May
31
13
15
13
8
11
20
15
27
16
169

Jun
27
15
21
14
8
13
24
13
22
12
169

Aug

Jul
38
14
29
15
11
14
32
13
21
15
202

Sep

Aug
36
16
31
20
9
15
29
17
27
14
214

Oct

Sep
29
18
36
20
8
16
43
18
32
21
241

Nov

Oct
29
12
29
16
5
16
39
16
25
23
210

Dec

Nov
21
14
22
14
9
18
39
23
31
21
212

Dec

2015 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
27
28
29
34
31
27
38
36
29
29
21
South East Torrance - West
16
17
12
13
13
15
14
16
18
12
14
Hollywood Riviera
20
18
16
21
15
21
29
31
36
29
22
South Torrance
11
13
16
17
13
14
15
20
20
16
14
Southwood
6
6
8
7
8
8
11
9
8
5
9
West Torrance
12
13
9
8
11
13
14
15
16
16
18
N Torrance - West
17
20
20
22
20
24
32
29
43
39
39
N Torrance - East
10
7
10
17
15
13
13
17
18
16
23
Old Torrance
20
21
22
25
27
22
21
27
32
25
31
South East Torrance - East
17
21
16
13
16
12
15
14
21
23
21
Total Active Listings
156 164 158 177 169 169 202 214 241 210 212
Total Sales
44
67
79 105 107 106 107 100
98
94
64
Sales/Listings Ratio 28.2% 40.9% 50.0% 59.3% 63.3% 62.7% 53.0% 46.7% 40.7% 44.8% 30.2%
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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

2013
27
12
21
17
5
17
27
11
34
9
180

2014
28
23
19
19
8
13
25
13
34
19
201

2015
21
14
22
14
9
18
39
23
31
21
212

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

2013

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2014

2015

2015 Months of Inventory by Map Area

16.0
14.0
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

12.0
10.0
8.0
6.0
4.0
2.0
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
5.4
2.7
5.0
2.8
3.0
2.4
2.8
2.0
5.0
5.7

Feb

Feb
1.9
8.5
2.3
2.6
1.0
4.3
2.2
1.4
1.8
10.5

Mar

Mar
2.4
1.3
1.2
16.0
2.7
3.0
1.8
1.3
1.8
2.3

Apr

Apr
1.7
1.2
2.6
2.1
0.9
0.7
1.6
1.7
2.8
2.2

May

May
1.9
1.9
1.2
1.6
1.3
1.0
1.2
1.7
2.1
2.3

Jun

Jun
1.0
2.0
2.0
2.0
2.0
2.0
2.0
1.0
1.0
2.0

Jul

Jul
3.0
2.0
2.0
2.0
2.0
1.0
1.0
1.0
2.0
3.0

Aug

Aug
2.0
3.0
4.0
2.0
2.0
1.0
3.0
2.0
3.0
1.0

Sep

Sep
2.0
2.0
4.0
2.0
2.0
1.0
2.0
3.0
4.0
7.0

Oct

Oct
2.0
1.0
2.0
4.0
1.0
4.0
4.0
1.0
2.0
6.0

Nov

Nov
3.0
5.0
4.0
2.0
2.0
5.0
3.0
12.0
3.0
3.0

Dec

Dec

Months of Inventory Year-to-Year

4.0
3.5
3.0
2.5
2.0
1.5
2013
2014

1.0

2015
0.5
Jan

Feb

Months of Inventory Year-to-Year

2013
2014
2015
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Mar

Apr

Jan
2.6
2.0
3.6

Feb
2.7
2.0
2.5

May

Mar
1.5
2.0
2.0

Jun

Jul

Apr
1.6
2.2
1.7

May
1.8
2.1
1.6

Aug

Jun
2.0
3.0
2.0

Sep

Jul
1.9
2.1
2.0

Aug
2.2
2.1
2.0

Oct

Sep
2.0
2.7
2.0

Nov

Oct
2.3
2.2
2.0

Dec

Nov
2.0
2.3
3.0

Dec
1.0
1.8

Summary
Apparently the holiday season distracted real estate investors as total sales for the Torrance market fell almost 32% during
November. Thankfully the market median sales price improved 5.4% or $33.25K while the median days to sell and net listing data
points improved marginally. Year-over-year stats are almost identical to the monthly analysis in terms of movement, though scale
or magnitude of measure differs.
In the news According to C.A.R., statewide sales were below the 400,000 mark for the first time in eight months while the
statewide median home valuation holds strong in the $475K range.
http://www.car.org/newsstand/newsreleases/2015releases/november2015sales?view=Standard
For questions concerning buying or selling, please give me a call today. No commitment necessary, merely interested in helping in
any way I can.

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

Oct 2015

Monthly Comparison Year-to-Year

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

Nov 2014
75
610,000
48
201
2.3

Back to Table of Contents

94
611,750
40
210
44.8%
2.0

Nov 2015
Delta (qty)
64
-30
645,000
33,250
36
-4
212
2
30.2%
-14.6%
3.0
1.0

Nov 2015
64
645,000
36
212
3.0

Delta
-11
35,000
-12
11
0.7

Delta (%)
-31.9%
5.4%
-10.0%
1.0%
-32.6%
50.0%

Increase

Decrease

Delta
-14.7%
5.7%
-25.0%
5.5%
30.4%

Increase

Decrease

About
Hady Chahine
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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BLOG

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