March 2017 Torrance Real Estate Market Trends Update

Torrance Residential Real Estate

Market Conditions March 2017

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Table of

Contents

Key Statistics for March

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 Listings 2017 Active Listings by Map Area 2017 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2017 Months of Inventory by Map Area Year-to-Year Months of Inventory

Summary

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Key Statistics for March

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Feb 2017 Mar 2017 Delta (qty) Delta (%) Increase Decrease

Total Sales 58 78 20 34.5%

Median Sales Price 706,000 727,500 21,500 3.0%

Median Days to Sell 14 12 -2 -14.3%

Listings 87 114 27 31.0%

Sales/Listing Ratio 66.7% 68.4% 1.7% 2.5%

Months of Inventory 2.0 1.0 -1.0 -50.0%

Monthly Comparison Year-to-Year Mar 2016 Mar 2017 Delta Delta Increase Decrease

Total Sales 89 78 -11 -12.4%



Listings 163 114 -49 -30.1%

Months of Inventory 2.0 1.0 -1 -50.0%



Total Sales Month-to-Month by Map Area Jan Feb Mar

Central Torrance 7 10 12

South East Torrance - West 4 3 6

Hollywood Riviera 11 9 9

South Torrance 9 2 6

Southwood 4 4 6

West Torrance 4 8 10

N Torrance - West 9 9 10

N Torrance - East 3 5 8

Old Torrance 3 6 7

South East Torrance - East 2 2 4

Total Sales 56 58 78

-

10

20

30

40

50

60

70

80

Jan Feb Mar

2017 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



Total Sales Year-to-Year by Map Area 2015 2016 2017





Southwood 3 9 6




Old Torrance 12 12 7



-

10

20

30

40

50

60

70

80

90

2015 2016 2017

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

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Total Sales



Median Sales Price Month-to-Month by Map Area Jan Feb Mar

Central Torrance 665,000 644,975 674,000

South East Torrance - West 754,000 580,125 447,500

Hollywood Riviera 1,502,000 1,399,000 1,450,000

South Torrance 865,000 838,750 865,500

Southwood 817,500 815,500 810,000

West Torrance 791,750 762,000 805,000

N Torrance - West 624,000 620,000 632,500

N Torrance - East 630,000 505,000 630,000

Old Torrance 650,000 595,000 515,000

South East Torrance - East 758,750 573,000 789,500

Market Median Sales Price 783,000 706,000 727,500

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

Jan Feb Mar

2017 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



Median Sales Price Year-to-Year by Map Area 2015 2016 2017

Central Torrance 736,500 645,000 674,000

South East Torrance - West 445,000 397,450 447,500

Hollywood Riviera 995,000 873,000 1,450,000

South Torrance 683,550 920,000 865,500

Southwood 765,000 850,000 810,000

West Torrance 1,002,000 940,000 805,000

N Torrance - West 607,500 629,990 632,500

N Torrance - East 527,500 625,000 630,000

Old Torrance 532,000 579,450 515,000

South East Torrance - East 615,000 667,500 789,500

Market Median Sales Price 620,000 675,000 727,500

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

2015 2016 2017

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

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Market Median Sales Price



Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec





Southwood 6 10 6






Total Active Listings 114 87 114

-

2

4

6

8

10

12

14

16

18

20

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

2017 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





Southwood 6 10 6








Sales/Listings Ratio 49.1% 66.7% 68.4%

-

20

40

60

80

100

120


2017 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2015 2016 2017





Southwood 9 10 6







-

20

40

60

80

100

120

140

160

180

2015 2016 2017

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

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West 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 3.0 1.0 1.0

South East Torrance - West 1.0 3.0 3.0

Hollywood Riviera 2.0 1.0 2.0

South Torrance 1.0 4.0 2.0

Southwood 2.0 3.0 1.0

West Torrance 4.0 1.0 1.0

N Torrance - West 2.0 1.0 2.0

N Torrance - East 2.0 1.0 -

Old Torrance 4.0 2.0 3.0

South East Torrance - East 3.0 3.0 2.0

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


2017 Months of Inventory by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance




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

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


Months of Inventory Year-to-Year

2015

2016

2017


Summary In March, real estate activity in Torrance picked up as major metrics improved including total sales (34.5%), median sales price (3.0%), median days to sell (-14.3%), net listings (31%), and the sales-listing ratio (2.5%). Year-over-year months of inventory decreased 50% from March 2016 to 2017.

In February, C.A.R. reported “despite the back-to-back monthly price decline, February’s median price still registered a 7.6 percent increase from the revised $444,780 recorded a year ago.” http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/feb2017sales?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.


Monthly Comparison Year-to-Year Mar 2016 Mar 2017 Delta Delta Increase Decrease

Total Sales 89 78 -11 -12.4%



Listings 163 114 -49 -30.1%

Months of Inventory 2.0 1.0 -1 -50.0%

Month-to-Month Comparison Feb 2017 Mar 2017 Delta (qty) Delta (%) Increase Decrease

Total Sales 58 78 20 34.5%



Listings 87 114 27 31.0%

Sales/Listing Ratio 66.7% 68.4% 1.7% 2.5%

Months of Inventory 2.0 1.0 -1.0 -50.0%


http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/feb2017sales?view=Standard


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