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Torrance
Residential Real Estate
Market Conditions
March 2015
Table of
Contents
Key Statistics for March
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
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 March
Back to Table of Contents
= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Feb 2016 Mar 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 60 89 29 48.3%
Median Sales Price 621,250 675,000 53,750 8.7%
Median Days to Sell 37 35 -2 -5.4%
Listings 192 177 -15 -7.8%
Sales/Listing Ratio 31.3% 50.3% 19.0% 60.7%
Months of Inventory 3.0 2.0 -1.0 -33.3%
Monthly Comparison Year-to-Year Mar 2015 Mar 2016 Delta Delta Increase Decrease
Total Sales 79 89 10 12.7%
Median Sales Price 620,000 675,000 55,000 8.9%
Median Days to Sell 37 35 -2 -5.4%
Listings 194 177 -17 -8.8%
Months of Inventory 2.0 2.0 0 0.0%
Back to Table of Contents
Total Sales Month-to-Month by Map Area Jan Feb Mar
Central Torrance 6 12 23
South East Torrance - West 3 2 2
Hollywood Riviera 4 8 8
South Torrance 7 4 7
Southwood 5 3 9
West Torrance 9 3 3
N Torrance - West 9 8 13
N Torrance - East 5 9 4
Old Torrance 6 6 12
South East Torrance - East 4 5 8
Total Sales 58 60 89
-
10
20
30
40
50
60
70
80
90
Jan Feb Mar
2016 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
Back to Table of Contents
Total Sales Year-to-Year by Map Area 2014 2015 2016
Central Torrance 10 12 23
South East Torrance - West 6 9 2
Hollywood Riviera 6 13 8
South Torrance 7 1 7
Southwood 4 3 9
West Torrance 7 3 3
N Torrance - West 12 11 13
N Torrance - East 8 8 4
Old Torrance 7 12 12
South East Torrance - East 11 7 8
Total Sales 78 79 89
-
10
20
30
40
50
60
70
80
90
2014 2015 2016
Total Sales Year-to-Year by Map Area: March
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
Back to Table of Contents
Median Sales Price Month-to-Month by Map Area Jan Feb Mar
Central Torrance 592,500 565,000 645,000
South East Torrance - West 911,700 766,000 397,450
Hollywood Riviera 1,222,500 1,002,500 873,000
South Torrance 730,000 742,500 920,000
Southwood 770,000 755,000 850,000
West Torrance 959,900 1,050,000 940,000
N Torrance - West 565,000 599,000 629,990
N Torrance - East 632,000 555,000 625,000
Old Torrance 592,500 612,450 579,450
South East Torrance - East 730,000 600,000 667,500
Market Median Sales Price 692,500 621,250 675,000
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
Jan Feb Mar
2016 Median Sales Price 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
Market Median Sales Price
Back to Table of Contents
Median Sales Price Year-to-Year by Map Area 2014 2015 2016
Central Torrance 492,450 736,500 645,000
South East Torrance - West 771,500 445,000 397,450
Hollywood Riviera 1,099,663 995,000 873,000
South Torrance 775,000 683,550 920,000
Southwood 554,450 765,000 850,000
West Torrance 696,000 1,002,000 940,000
N Torrance - West 558,500 607,500 629,990
N Torrance - East 535,250 527,500 625,000
Old Torrance 438,000 532,000 579,450
South East Torrance - East 650,000 615,000 667,500
Market Median Sales Price 592,250 620,000 675,000
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
2014 2015 2016
Median Sales Price Year-to-Year by Map Area: March
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
Back to Table of Contents
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
South East Torrance - West 12 18 14
Hollywood Riviera 18 22 14
South Torrance 10 15 17
Southwood 11 14 12
West Torrance 4 10 14
N Torrance - West 27 33 23
N Torrance - East 13 18 17
Old Torrance 20 24 28
South East Torrance - East 12 13 15
Total Active Listings 151 192 177
-
5
10
15
20
25
30
35
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 Active Listings 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
Back to Table of Contents
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
South East Torrance - West 12 18 14
Hollywood Riviera 18 22 14
South Torrance 10 15 17
Southwood 11 14 12
West Torrance 4 10 14
N Torrance - West 27 33 23
N Torrance - East 13 18 17
Old Torrance 20 24 28
South East Torrance - East 12 13 15
Total Active Listings 151 192 177
Total Sales 58 60 89
Sales/Listings Ratio 38.4% 31.3% 50.3%
-
20
40
60
80
100
120
140
160
180
200
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
Back to Table of Contents
Active Listings Year-to-Year by Map Area 2014 2015 2016
Central Torrance 36 34 23
South East Torrance - West 9 13 14
Hollywood Riviera 21 19 14
South Torrance 19 21 17
Southwood 7 11 12
West Torrance 13 11 14
N Torrance - West 29 25 23
N Torrance - East 12 15 17
Old Torrance 22 25 28
South East Torrance - East 17 20 15
Total Active Listings 185 194 177
-
20
40
60
80
100
120
140
160
180
200
2014 2015 2016
Active Listings Year-to-Year by Map Area: March
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
Back to Table of Contents
Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Central Torrance 4.0 2.0 1.0
South East Torrance - West 4.0 9.0 7.0
Hollywood Riviera 5.0 3.0 2.0
South Torrance 1.0 4.0 2.0
Southwood 2.0 5.0 1.0
West Torrance - 3.0 5.0
N Torrance - West 3.0 4.0 2.0
N Torrance - East 3.0 2.0 4.0
Old Torrance 3.0 4.0 2.0
South East Torrance - East 3.0 3.0 2.0
-
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 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
Back to Table of Contents
Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 3.0 2.0 2.0 3.0 2.0 4.0 2.0 2.0 3.0 2.0 3.0 2.0
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
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory Year-to-Year
2014
2015
2016
Summary
Real estate activity in Torrance picked up in March as total sales increased 48.3%, median sales price bumped 8.7% or $53.75K,
and the sales-listing ratio jumped 60.7% relative to February. While the net listings metric dropped 7.5%, or by 15 units month-
over-month, median days to sell improved 5.4%. Year-over-year analysis shows the market median sales price climbed 8.9% or by
$55K.
In the news… According to C.A.R., “March’s statewide median home price was $483,280, up 8.9 percent from February and
up 4 percent from March 2015.” (http://www.car.org/newsstand/newsreleases/2016releases/march2016sales?view=Standard)
For listing or buying questions or representation, 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.
Back to Table of Contents
Monthly Comparison Year-to-Year Mar 2015 Mar 2016 Delta Delta Increase Decrease
Total Sales 79 89 10 12.7%
Median Sales Price 620,000 675,000 55,000 8.9%
Median Days to Sell 37 35 -2 -5.4%
Listings 194 177 -17 -8.8%
Months of Inventory 2.0 2.0 0 0.0%
Month-to-Month Comparison Feb 2016 Mar 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 60 89 29 48.3%
Median Sales Price 621,250 675,000 53,750 8.7%
Median Days to Sell 37 35 -2 -5.4%
Listings 192 177 -15 -7.8%
Sales/Listing Ratio 31.3% 50.3% 19.0% 60.7%
Months of Inventory 3.0 2.0 -1.0 -33.3%
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
About
Hady Chahine…
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s 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
Listings MLS BLOGWebsite
Hady Chahine
• hady@hadychahine.com
• 310-404-5361

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March 2016 Torrance Real Estate Market Trends Update

  • 2. Table of Contents Key Statistics for March 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 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
  • 3. Key Statistics for March Back to Table of Contents = trending positive = trending positive = trending negative = trending negative Month-to-Month Comparison Feb 2016 Mar 2016 Delta (qty) Delta (%) Increase Decrease Total Sales 60 89 29 48.3% Median Sales Price 621,250 675,000 53,750 8.7% Median Days to Sell 37 35 -2 -5.4% Listings 192 177 -15 -7.8% Sales/Listing Ratio 31.3% 50.3% 19.0% 60.7% Months of Inventory 3.0 2.0 -1.0 -33.3% Monthly Comparison Year-to-Year Mar 2015 Mar 2016 Delta Delta Increase Decrease Total Sales 79 89 10 12.7% Median Sales Price 620,000 675,000 55,000 8.9% Median Days to Sell 37 35 -2 -5.4% Listings 194 177 -17 -8.8% Months of Inventory 2.0 2.0 0 0.0%
  • 4. Back to Table of Contents Total Sales Month-to-Month by Map Area Jan Feb Mar Central Torrance 6 12 23 South East Torrance - West 3 2 2 Hollywood Riviera 4 8 8 South Torrance 7 4 7 Southwood 5 3 9 West Torrance 9 3 3 N Torrance - West 9 8 13 N Torrance - East 5 9 4 Old Torrance 6 6 12 South East Torrance - East 4 5 8 Total Sales 58 60 89 - 10 20 30 40 50 60 70 80 90 Jan Feb Mar 2016 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
  • 5. Back to Table of Contents Total Sales Year-to-Year by Map Area 2014 2015 2016 Central Torrance 10 12 23 South East Torrance - West 6 9 2 Hollywood Riviera 6 13 8 South Torrance 7 1 7 Southwood 4 3 9 West Torrance 7 3 3 N Torrance - West 12 11 13 N Torrance - East 8 8 4 Old Torrance 7 12 12 South East Torrance - East 11 7 8 Total Sales 78 79 89 - 10 20 30 40 50 60 70 80 90 2014 2015 2016 Total Sales Year-to-Year by Map Area: March 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
  • 6. Back to Table of Contents Median Sales Price Month-to-Month by Map Area Jan Feb Mar Central Torrance 592,500 565,000 645,000 South East Torrance - West 911,700 766,000 397,450 Hollywood Riviera 1,222,500 1,002,500 873,000 South Torrance 730,000 742,500 920,000 Southwood 770,000 755,000 850,000 West Torrance 959,900 1,050,000 940,000 N Torrance - West 565,000 599,000 629,990 N Torrance - East 632,000 555,000 625,000 Old Torrance 592,500 612,450 579,450 South East Torrance - East 730,000 600,000 667,500 Market Median Sales Price 692,500 621,250 675,000 - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 Jan Feb Mar 2016 Median Sales Price 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 Market Median Sales Price
  • 7. Back to Table of Contents Median Sales Price Year-to-Year by Map Area 2014 2015 2016 Central Torrance 492,450 736,500 645,000 South East Torrance - West 771,500 445,000 397,450 Hollywood Riviera 1,099,663 995,000 873,000 South Torrance 775,000 683,550 920,000 Southwood 554,450 765,000 850,000 West Torrance 696,000 1,002,000 940,000 N Torrance - West 558,500 607,500 629,990 N Torrance - East 535,250 527,500 625,000 Old Torrance 438,000 532,000 579,450 South East Torrance - East 650,000 615,000 667,500 Market Median Sales Price 592,250 620,000 675,000 - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 2014 2015 2016 Median Sales Price Year-to-Year by Map Area: March 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
  • 8. Back to Table of Contents 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 South East Torrance - West 12 18 14 Hollywood Riviera 18 22 14 South Torrance 10 15 17 Southwood 11 14 12 West Torrance 4 10 14 N Torrance - West 27 33 23 N Torrance - East 13 18 17 Old Torrance 20 24 28 South East Torrance - East 12 13 15 Total Active Listings 151 192 177 - 5 10 15 20 25 30 35 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 Active Listings 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
  • 9. Back to Table of Contents 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 South East Torrance - West 12 18 14 Hollywood Riviera 18 22 14 South Torrance 10 15 17 Southwood 11 14 12 West Torrance 4 10 14 N Torrance - West 27 33 23 N Torrance - East 13 18 17 Old Torrance 20 24 28 South East Torrance - East 12 13 15 Total Active Listings 151 192 177 Total Sales 58 60 89 Sales/Listings Ratio 38.4% 31.3% 50.3% - 20 40 60 80 100 120 140 160 180 200 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 Total Active Listings vs. Total Sales Total Active Listings Total Sales
  • 10. Back to Table of Contents Active Listings Year-to-Year by Map Area 2014 2015 2016 Central Torrance 36 34 23 South East Torrance - West 9 13 14 Hollywood Riviera 21 19 14 South Torrance 19 21 17 Southwood 7 11 12 West Torrance 13 11 14 N Torrance - West 29 25 23 N Torrance - East 12 15 17 Old Torrance 22 25 28 South East Torrance - East 17 20 15 Total Active Listings 185 194 177 - 20 40 60 80 100 120 140 160 180 200 2014 2015 2016 Active Listings Year-to-Year by Map Area: March 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
  • 11. Back to Table of Contents Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Central Torrance 4.0 2.0 1.0 South East Torrance - West 4.0 9.0 7.0 Hollywood Riviera 5.0 3.0 2.0 South Torrance 1.0 4.0 2.0 Southwood 2.0 5.0 1.0 West Torrance - 3.0 5.0 N Torrance - West 3.0 4.0 2.0 N Torrance - East 3.0 2.0 4.0 Old Torrance 3.0 4.0 2.0 South East Torrance - East 3.0 3.0 2.0 - 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 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
  • 12. Back to Table of Contents Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 3.0 2.0 2.0 3.0 2.0 4.0 2.0 2.0 3.0 2.0 3.0 2.0 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 - 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Months of Inventory Year-to-Year 2014 2015 2016
  • 13. Summary Real estate activity in Torrance picked up in March as total sales increased 48.3%, median sales price bumped 8.7% or $53.75K, and the sales-listing ratio jumped 60.7% relative to February. While the net listings metric dropped 7.5%, or by 15 units month- over-month, median days to sell improved 5.4%. Year-over-year analysis shows the market median sales price climbed 8.9% or by $55K. In the news… According to C.A.R., “March’s statewide median home price was $483,280, up 8.9 percent from February and up 4 percent from March 2015.” (http://www.car.org/newsstand/newsreleases/2016releases/march2016sales?view=Standard) For listing or buying questions or representation, 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. Back to Table of Contents Monthly Comparison Year-to-Year Mar 2015 Mar 2016 Delta Delta Increase Decrease Total Sales 79 89 10 12.7% Median Sales Price 620,000 675,000 55,000 8.9% Median Days to Sell 37 35 -2 -5.4% Listings 194 177 -17 -8.8% Months of Inventory 2.0 2.0 0 0.0% Month-to-Month Comparison Feb 2016 Mar 2016 Delta (qty) Delta (%) Increase Decrease Total Sales 60 89 29 48.3% Median Sales Price 621,250 675,000 53,750 8.7% Median Days to Sell 37 35 -2 -5.4% Listings 192 177 -15 -7.8% Sales/Listing Ratio 31.3% 50.3% 19.0% 60.7% Months of Inventory 3.0 2.0 -1.0 -33.3%
  • 14. 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 About Hady Chahine…
  • 15. The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s 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 Listings MLS BLOGWebsite Hady Chahine • hady@hadychahine.com • 310-404-5361