december 2015 manhattan beach real estate market trends update

Manhattan Beach Residential Real Estate

Market Conditions December 2015

http://hadychahine.com/

Table of

Contents

Key Statistics for December

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 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

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Key Statistics for December

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Nov 2015 Dec 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 22 27 5 22.7%

Median Sales Price 2,262,500 2,218,000 (44,500) -2.0%

Median Days to Sell 39 56 17 43.6%

Listings 86 62 -24 -27.9%

Sales/Listing Ratio 25.6% 43.5% 0.179 69.9%

Months of Inventory 4.0 2.0 -2.0 -50.0%

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

Total Sales 37 27 -10 -27.0%

Median Sales Price 1,780,000 2,218,000 438,000 24.6%


Listings 45 62 17 37.8%

Months of Inventory 1.1 2.0 0.9 81.8%



Total Sales Month-to-Month by Map Area Oct Nov Dec

Manhattan Bch Sand 11 4 8

Manhattan Bch Tree 5 8 5

Manhattan Bch Hill 2 - 5

Manhattan Village 2 1 1

Manhattan Bch Heights/Lib Vlg 5 2 1

Manhattan Bch Mira Costa 7 7 7

Total Sales 32 22 27

-

5

10

15

20

25

30

35

Oct Nov Dec

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



Manhattan Bch Hill 3 1 5




Total Sales 28 37 27

-

5

10

15

20

25

30

35

40

2013 2014 2015

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Sales



Median Sales Price Month-to-Month by Map Area Oct Nov Dec

Manhattan Bch Sand 3,575,000 3,127,500 2,642,500

Manhattan Bch Tree 1,600,000 2,031,250 1,890,000

Manhattan Bch Hill 3,450,000 - 3,275,000

Manhattan Village 1,862,500 1,150,000 885,000

Manhattan Bch Heights/Lib Vlg 1,765,000 1,163,500 1,140,000

Manhattan Bch Mira Costa 1,479,000 2,550,000 2,236,000

Market Median Sales Price 2,080,000 2,262,500 2,218,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

Oct Nov Dec

2015 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 2013 2014 2015

Manhattan Bch Sand 1,999,000 2,400,000 2,642,500

Manhattan Bch Tree 1,790,000 1,950,000 1,890,000

Manhattan Bch Hill 3,800,000 1,300,000 3,275,000

Manhattan Village 982,500 875,000 885,000

Manhattan Bch Heights/Lib Vlg 811,250 1,300,000 1,140,000

Manhattan Bch Mira Costa 1,250,000 1,549,000 2,236,000

Market Median Sales Price 1,395,000 1,780,000 2,218,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

2013 2014 2015

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

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 14 19 28 23 26 24 34 32 32 32 30 23

Manhattan Bch Tree 16 14 20 20 22 20 19 20 20 23 17 11

Manhattan Bch Hill 2 3 5 6 10 11 14 11 11 10 9 5

Manhattan Village 6 5 4 3 3 4 2 1 - 2 2 2

Manhattan Bch Heights/Lib Vlg 4 5 6 8 6 10 9 8 8 4 4 2

Manhattan Bch Mira Costa 13 11 14 10 15 21 20 22 21 21 24 19

Total Active Listings 55 57 77 70 82 90 98 94 92 92 86 62

-

5

10

15

20

25

30

35

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

2015 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 14 19 28 23 26 24 34 32 32 32 30 23

Manhattan Bch Tree 16 14 20 20 22 20 19 20 20 23 17 11

Manhattan Bch Hill 2 3 5 6 10 11 14 11 11 10 9 5

Manhattan Village 6 5 4 3 3 4 2 1 - 2 2 2

Manhattan Bch Heights/Lib Vlg 4 5 6 8 6 10 9 8 8 4 4 2

Manhattan Bch Mira Costa 13 11 14 10 15 21 20 22 21 21 24 19

Total Active Listings 55 57 77 70 82 90 98 94 92 92 86 62

Total Sales 21 19 34 31 36 35 32 30 38 32 22 27

Sales/Listings Ratio 38.2% 33.3% 44.2% 44.3% 43.9% 38.9% 32.7% 31.9% 41.3% 34.8% 25.6% 43.5%

-

10

20

30

40

50

60

70

80

90

100


2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



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



Manhattan Bch Hill 3 7 5




Total Active Listings 36 45 62

-

10

20

30

40

50

60

70

2013 2014 2015

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

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 2.3 6.3 2.3 2.6 2.4 3.0 9.0 4.0 2.0 3.0 8.0 3.0

Manhattan Bch Tree 16.0 2.3 3.3 2.0 1.4 2.0 2.0 4.0 1.0 5.0 2.0 2.0

Manhattan Bch Hill 0.7 1.5 5.0 6.0 - 3.0 14.0 4.0 4.0 5.0 - 1.0

Manhattan Village 2.0 2.5 1.0 1.5 3.0 2.0 1.0 1.0 - 1.0 2.0 2.0

Manhattan Bch Heights/Lib Vlg 2.0 1.7 1.5 2.7 1.5 5.0 1.0 2.0 2.0 1.0 2.0 2.0

Manhattan Bch Mira Costa 2.2 3.7 2.0 1.7 3.8 2.0 2.0 3.0 7.0 3.0 3.0 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

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

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 2.0 2.0 2.2 2.0 2.8 1.9 1.5 1.1

2015 2.6 3.0 2.3 2.3 2.3 3.0 3.0 3.0 2.0 3.0 4.0 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


Summary Real estate activity in Manhattan Beach for the month of December was marginally encouraging as total sales climbed 22.7%

while the sales-listing ratio spiked 69.9%. Month-to-month metrics that moved in the opposite direction, however, included the

median sales price (-2.0%), the median days to sell (+43.6%), and net listings (-27.9%). The most notable year-over-year data point

for December is the median sales price, which climbed 24.6% or $438K.

In the news… According to C.A.R., “For 2015 as a whole, a preliminary figure of 407,060 single-family homes closed escrow in

California, up 6.4 percent from a revised 382,720 in 2014.”

http://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standard

Please contact me today to schedule a free listing CMA or a buyer pre-purchase evaluation. And remember, when selecting a

realtor it doesn’t cost you more to work with the best.


Month-to-Month Comparison Nov 2015 Dec 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 22 27 5 22.7%

Median Sales Price 2,262,500 2,218,000 (44,500) -2.0%


Listings 86 62 -24 -27.9%

Sales/Listing Ratio 25.6% 43.5% 0.179 69.9%

Months of Inventory 4.0 2.0 -2.0 -50.0%

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

Total Sales 37 27 -10 -27.0%

Median Sales Price 1,780,000 2,218,000 438,000 24.6%


Listings 45 62 17 37.8%

Months of Inventory 1.1 2.0 0.9 81.8%


http://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standard

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…


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