Torrance Real Estate Market Conditions - July 2015

8/20/2019 Torrance Real Estate Market Conditions - July 2015

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TorranceResidential Real Estate

Market ConditionsJuly 2015

http://hhcrealestate.com/


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Table ofContents

Key Statistics for July

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

Listings2015 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

Recap & Outlook for August

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Contact Information

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Key Statistics for July

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison June 2015 July 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 106 107 1 0.9%

Median Sales Price 625,000 659,000 34,000 5.4%

Median Days to Sell 33 28 -5 -15.2%

Listings 169 202 33 19.5%

Sales/Listing Ratio 62.7% 53.0% -9.7% -15.5%

Months of Inventory 2 2 0.0 0.0%

Monthly Comparison Year-to-Year July 2014 July 2015 Delta Delta Increase Decrease

Total Sales 105 107 2 1.9%



Listings 255 202 -53 -20.8%

Months of Inventory 2.1 2.0 -0.1 -4.8%

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Total Sales Month-to-Month by Map Area May Jun Jul

Central Torrance 16 20 14

South East Torrance - West 7 7 7

Hollywood Riviera 13 14 12

South Torrance 8 7 7

Southwood 6 4 6

West Torrance 11 7 12N Torrance - West 17 10 25

N Torrance - East 9 11 10

Old Torrance 13 18 9

South East Torrance - East 7 8 5

Total Sales 107 106 107

0

20

40

60

80

100

120

May Jun Jul

2015 Total Sales Month-to-Month by Map Area

Central Torrance

South East Torrance - West

Hollywood Riviera

South Torrance

SouthwoodWest Torrance

N Torrance - West

N Torrance - East

Old Torrance

South East Torrance - East

Total Sales



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Total Sales Year-to-Year by Map Area 2013 2014 2015





Southwood 3 8 6



Old Torrance 14 8 9


Total Sales 108 105 107

0

20

40

60

80

100

120

2013 2014 2015

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

Central Torrance


Hollywood Riviera

South Torrance


N Torrance - West

N Torrance - East

Old Torrance


Total Sales



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Median Sales Price Month-to-Month by Map Area May Jun Jul

Central Torrance 685,000 578,140 577,500

South East Torrance - West 699,900 410,000 740,000

Hollywood Riviera 1,159,000 1,082,500 1,142,750

South Torrance 770,000 740,000 900,000

Southwood 742,500 783,000 767,000

West Torrance 697,000 805,000 762,825 N Torrance - West 595,000 577,500 634,000

N Torrance - East 544,500 575,000 541,000

Old Torrance 525,000 589,500 543,600

South East Torrance - East 742,500 657,000 750,000

Market Median Sales Price 670,000 625,000 659,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

May Jun Jul

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

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Market Median Sales Price



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Median Sales Price Year-to-Year by Map Area 2013 2014 2015

Central Torrance 505,000 523,000 577,500

South East Torrance - West 739,000 362,500 740,000

Hollywood Riviera 937,000 1,160,000 1,142,750

South Torrance 785,000 790,000 900,000

Southwood 729,000 747,500 767,000

West Torrance 702,500 630,000 762,825 N Torrance - West 508,000 482,500 634,000

N Torrance - East 630,500 520,000 541,000

Old Torrance 524,500 574,500 543,600

South East Torrance - East 645,000 629,000 750,000

Market Median Sales Price 667,500 615,000 659,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

2013 2014 2015

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

Central Torrance


Hollywood Riviera

South Torrance


N Torrance - West

N Torrance - East

Old Torrance


Market Median Sales Price




-

5

10

15

20

25

30

35

40

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2015 Active Listings by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


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

South East Torrance - West 16 17 12 13 13 15 14

Hollywood Riviera 20 18 16 21 15 21 29 South Torrance 11 13 16 17 13 14 15

Southwood 6 6 8 7 8 8 11

West Torrance 12 13 9 8 11 13 14

N Torrance - West 17 20 20 22 20 24 32

N Torrance - East 10 7 10 17 15 13 13

Old Torrance 20 21 22 25 27 22 21

South East Torrance - East 17 21 16 13 16 12 15

Total Active Li stings 156 164 158 177 169 169 202




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

South East Torrance - West 16 17 12 13 13 15 14

Hollywood Riviera 20 18 16 21 15 21 29

South Torrance 11 13 16 17 13 14 15

Southwood 6 6 8 7 8 8 11

West Torrance 12 13 9 8 11 13 14

N Torrance - West 17 20 20 22 20 24 32

N Torrance - East 10 7 10 17 15 13 13

Old Torrance 20 21 22 25 27 22 21

South East Torrance - East 17 21 16 13 16 12 15

Total Active Listings 156 164 158 177 169 169 202

Total Sales 44 67 79 105 107 106 107

Sales/Listings Ratio 28.2% 40.9% 50.0% 59.3% 63.3% 62.7% 53.0%

-

50

100

150

200

250


2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales




Active Listings Year-to-Year by Map Area 2013 2014 2015





Southwood 15 9 11



Old Torrance 29 47 21


Total Active Listings 217 255 202

0

50

100

150

200

250

300

2013 2014 2015

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

Central Torrance


Hollywood Riviera

South Torrance


N Torrance - West

N Torrance - East

Old Torrance


Total Active Listings




Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Central Torrance 5.4 1.9 2.4 1.7 1.9 1.0 3.0

South East Torrance - West 2.7 8.5 1.3 1.2 1.9 2.0 2.0

Hollywood Riviera 5.0 2.3 1.2 2.6 1.2 2.0 2.0

South Torrance 2.8 2.6 16.0 2.1 1.6 2.0 2.0

Southwood 3.0 1.0 2.7 0.9 1.3 2.0 2.0

West Torrance 2.4 4.3 3.0 0.7 1.0 2.0 1.0

N Torrance - West 2.8 2.2 1.8 1.6 1.2 2.0 1.0

N Torrance - East 2.0 1.4 1.3 1.7 1.7 1.0 1.0

Old Torrance 5.0 1.8 1.8 2.8 2.1 1.0 2.0

South East Torrance - East 5.7 10.5 2.3 2.2 2.3 2.0 3.0

-

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0


2015 Months of Inventory by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - WestN Torrance - East

Old Torrance





Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 2.6 2.7 1.5 1.6 1.8 2.0 1.9 2.2 2.0 2.3 2.0 1.0

2014 2.0 2.0 2.0 2.2 2.1 3.0 2.1 2.1 2.7 2.2 2.3 1.8

2015 3.6 2.5 2.0 1.7 1.6 2.0 2.0

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


Months of Inventory Year-to-Year

2013

2014

2015



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Recap & Outlook for August

July was an encouraging month for Torrance real estate investors as a 0.9% increase in total sales, 5.4% bump in the median sales

price, a 15.2% drop in the median days to sell, and a 19.5% jump in listings was reported by the MLS. Year-over-year analysis for

July shows comparable stats for total sales, median sales price, and median days to sell.

In the news… According to C.A.R., “Statewide sales were above the 400,000 mark for the fourth straight month” while “available

housing supply remains constrained at 3.3 months of inventory”

(http://www.car.org/newsstand/newsreleases/2015releases/july2015sales?view=Standard).

Looking forward, expectations for August remain optimistic as evidence of a strong relationship between buyers and sellers

continues and as mortgage money remains relatively accessible and inexpensive. For a free listing CMA or a buyer pre-approvalreview, please give me a call today.


Month-to-Month Comparison June 2015 July 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 106 107 1 0.9%



Listings 169 202 33 19.5%

Sales/Listing Ratio 62.7% 53.0% -9.7% -15.5%Months of Inventory 2 2 0.0 0.0%

Monthly Comparison Year-to-Year July 2014 July 2015 Delta Delta Increase Decrease

Total Sales 105 107 2 1.9%



Listings 255 202 -53 -20.8%

Months of Inventory 2.1 2.0 -0.1 -4.8%

http://www.car.org/newsstand/newsreleases/2015releases/july2015sales?view=Standardhttp://www.car.org/newsstand/newsreleases/2015releases/july2015sales?view=Standardhttp://hhcrealestate.com/http://hhcrealestate.com/


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Torrance Real Estate Market Conditions - July 2015