april 2014 manhattan beach real estate market trends update

Manhattan Beach Residential Real Estate

Market Conditions April 2014

http://hhcrealestate.com/

Table of

Contents

Key Statistics for April

Sales 2014 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2014 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2014 Active Listings by Map Area 2014 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2014 Months of Inventory by Map Area Year-to-Year Months of Inventory

Outlook for May

About the Mother & Son South Bay Real Estate Team Contact Information


Key Statistics for April

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Mar 2014 Apr 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 33 45 12 36.4%

Median Sales Price 1,717,000 1,850,000 133,000 7.7%

Median Days to Sell 26 26 0 0.0%

Listings 73 88 15 20.5%

Sales/Listing Ratio 45.2% 51.1% 0.059 13.1%

Months of Inventory 2.2 2 -0.2 -9.1%

Monthly Comparison Year-to-Year Apr 2013 Apr 2014 Delta Delta Increase Decrease

Total Sales 45 45 0 0.0%



Listings 75 88 13 17.3%

Months of Inventory 1.7 2 0.3 17.6%



0

5

10

15

20

25

30

35

40

45

Feb Mar Apr

2014 Total Sales Month-to-Month by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

Total Sales

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

Manhattan Bch Sand 11 7 12

Manhattan Bch Tree 4 9 11

Manhattan Bch Hill 2 4 9

Manhattan Village 0 2 1

Manhattan Bch Heights/Lib Vlg 2 5 6

Manhattan Bch Mira Costa 3 6 6

Total Sales 22 33 45



Total Sales Year-to-Year by Map Area 2012 2013 2014







Total Sales 47 45 45

0

5

10

15

20

25

30

35

40

45

50

2012 2013 2014

Total Sales Year-to-Year by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Sales



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

Manhattan Bch Sand 2,005,000 1,979,000 2,297,500

Manhattan Bch Tree 2,181,000 1,717,000 1,805,000

Manhattan Bch Hill 2,157,500 3,725,000 1,930,000

Manhattan Village - 1,017,500 1,555,000

Manhattan Bch Heights/Lib Vlg 1,257,500 1,249,000 1,442,500

Manhattan Bch Mira Costa 1,640,000 1,725,000 1,350,000

Market Median Sales Price 1,952,500 1,717,000 1,850,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

Feb Mar Apr

2014 Median Sales Price Month-to-Month by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Market Median Sales Price



Median Sales Price Year-to-Year by Map Area 2012 2013 2014

Manhattan Bch Sand 1,850,000 1,847,500 2,297,500

Manhattan Bch Tree 1,524,500 1,885,000 1,805,000

Manhattan Bch Hill 1,200,000 3,500,000 1,930,000

Manhattan Village 1,475,000 850,000 1,555,000

Manhattan Bch Heights/Lib Vlg 784,000 1,350,000 1,442,500

Manhattan Bch Mira Costa 1,326,250 1,800,000 1,350,000

Market Median Sales Price 1,550,000 1,725,000 1,850,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

2012 2013 2014

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Market Median Sales Price



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

Manhattan Bch Sand 15 15 17 13

Manhattan Bch Tree 10 10 21 28

Manhattan Bch Hill 5 6 10 10

Manhattan Village - 2 5 7

Manhattan Bch Heights/Lib Vlg 7 9 7 10

Manhattan Bch Mira Costa 8 7 13 20

Total Active Listings 45 49 73 88

-

5

10

15

20

25

30

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

2014 Active Listings by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village





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

Manhattan Bch Sand 15 15 17 13

Manhattan Bch Tree 10 10 21 28

Manhattan Bch Hill 5 6 10 10

Manhattan Village - 2 5 7

Manhattan Bch Heights/Lib Vlg 7 9 7 10

Manhattan Bch Mira Costa 8 7 13 20

Total Active Listings 45 49 73 88

Total Sales 15 22 33 45

Sales/Listings Ratio 33.3% 44.9% 45.2% 51.1%

-

10

20

30

40

50

60

70

80

90


2014 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2012 2013 2014







Total Active Listings 122 75 88

0

20

40

60

80

100

120

140

2012 2013 2014

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Active Listings



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

Manhattan Bch Sand 3.8 1.4 2.4 1.1

Manhattan Bch Tree 3.3 2.5 2.3 2.6

Manhattan Bch Hill 5.0 3.0 2.5 1.1

Manhattan Village - - 2.5 7.0

Manhattan Bch Heights/Lib Vlg 3.5 4.5 1.4 1.7

Manhattan Bch Mira Costa 2.7 2.3 2.2 3.3

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0


2014 Months of Inventory by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village





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

2012 6.8 6.1 2.4 2.6 2.8 2.9 3.0 2.4 4.1 3.2 2.1 1.9

2013 2.9 3.4 2.0 1.7 1.8 2.5 2.1 2.0 2.2 2.0 1.5 0.8

2014 3.0 2.2 2.2 2.0

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0


Months of Inventory Year-to-Year

2012

2013

2014


Outlook for May

Real estate market performance for Manhattan Beach was simply outstanding during the month of April!

Compared to March, all major indicators produced encouraging results including, but not limited to, a 36.4%

increase in sales, $133K bump in the market median sales price, and a 20.5% improvement in total listings.

A year-over-year analysis for April revealed essentially the same, and that is the market is gaining strength.

“What can I expect in May?” you ask. Great question! Based on the last 3 months of MLS data it appears

there is no reason to conclude otherwise – we expect the Manhattan Beach real estate market to continue

trending in a positive direction. Thus, with the summer season drawing near buyers and sellers should

contact us soon so that we can initiate efforts to serve your respective best interests. Right now is definitely

the time to get organization in preparation for making critical decisions that will soon affect your future.

Your recap…


Month-to-Month Comparison Mar 2014 Apr 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 33 45 12 36.4%



Listings 73 88 15 20.5%

Sales/Listing Ratio 45.2% 51.1% 0.059 13.1%

Months of Inventory 2.2 2 -0.2 -9.1%


About the Mother & Son

South Bay Real Estate

Team…

Serving South Bay Home Buyers and Sellers Since 1989

RE/MAX Top 4 Team in California – 2012

RE/MAX 100% Club - 2011

Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010

Shorewood Realtors Top Producing Agent (Hassana 1989-2001)

ABR, RS, GRI, BPOR, SBAOR, CAR, NAR, IRES



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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.


Hady Chahine [email protected]

310-404-5361

Hassana Chahine [email protected]

310-756-8949

Listings MLS BLOG Website



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