december 2016 manhattan beach real estate market trends update

Manhattan Beach Residential Real Estate

Market Conditions December 2016

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Table of

Contents

Key Statistics for December

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

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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 2016 Dec 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 33 24 -9 -27.3%

Median Sales Price 1,900,000 1,787,500 (112,500) -5.9%

Median Days to Sell 34 21 -13 -38.2%

Listings 109 93 -16 -14.7%

Sales/Listing Ratio 30.3% 25.8% -0.045 -14.9%

Months of Inventory 3.0 4.0 1.0 33.3%

Monthly Comparison Year-to-Year Dec 2015 Dec 2016 Delta Delta Increase Decrease

Total Sales 28 24 -4 -14.3%



Listings 79 93 14 17.7%

Months of Inventory 3.0 4.0 1 33.3%



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

Manhattan Bch Sand 9 6 5

Manhattan Bch Tree 14 3 5

Manhattan Bch Hill 4 5 -

Manhattan Village - 5 -

Manhattan Bch Heights/Lib Vlg 8 1 8

Manhattan Bch Mira Costa 6 13 6

Total Sales 41 33 24

-

5

10

15

20

25

30

35

40

45

Oct Nov Dec

2016 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 2014 2015 2016



Manhattan Bch Hill 1 6 -

Manhattan Village 1 1 -



Total Sales 37 28 24

-

5

10

15

20

25

30

35

40

2014 2015 2016

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 2,250,000 2,222,500 2,400,000

Manhattan Bch Tree 2,975,000 2,700,000 1,785,000

Manhattan Bch Hill 2,100,000 1,875,000 -

Manhattan Village - 1,255,000 -

Manhattan Bch Heights/Lib Vlg 1,702,500 1,652,500 1,364,250

Manhattan Bch Mira Costa 1,845,000 1,950,000 1,441,000

Market Median Sales Price 2,250,000 1,900,000 1,787,500

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

Oct Nov Dec

2016 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 2014 2015 2016

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

Manhattan Bch Tree 1,950,000 1,890,000 1,785,000

Manhattan Bch Hill 1,300,000 2,712,500 -

Manhattan Village 875,000 885,000 -

Manhattan Bch Heights/Lib Vlg 1,300,000 1,140,000 1,364,250

Manhattan Bch Mira Costa 1,549,000 2,236,000 1,441,000

Market Median Sales Price 1,780,000 2,184,000 1,787,500

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

2014 2015 2016

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 31 35 37 45 53 58 47 45 45 46 37 34

Manhattan Bch Tree 16 24 40 31 34 37 34 31 28 26 25 23

Manhattan Bch Hill 8 12 13 16 17 15 15 12 15 15 15 13

Manhattan Village 3 3 4 6 7 6 3 4 3 1 2 1

Manhattan Bch Heights/Lib Vlg 4 9 10 11 15 13 17 11 10 10 10 5

Manhattan Bch Mira Costa 19 14 16 21 23 28 32 29 28 23 20 17

Total Active Listings 81 97 120 130 149 157 148 132 129 121 109 93

-

10

20

30

40

50

60

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

2016 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 31 35 37 45 53 58 47 45 45 46 37 34

Manhattan Bch Tree 16 24 40 31 34 37 34 31 28 26 25 23

Manhattan Bch Hill 8 12 13 16 17 15 15 12 15 15 15 13

Manhattan Village 3 3 4 6 7 6 3 4 3 1 2 1

Manhattan Bch Heights/Lib Vlg 4 9 10 11 15 13 17 11 10 10 10 5

Manhattan Bch Mira Costa 19 14 16 21 23 28 32 29 28 23 20 17

Total Active Listings 81 97 120 130 149 157 148 132 129 121 109 93

Total Sales 15 21 34 31 43 39 31 39 38 41 33 24

Sales/Listings Ratio 18.5% 21.6% 28.3% 23.8% 28.9% 24.8% 20.9% 29.5% 29.5% 33.9% 30.3% 25.8%

-

20

40

60

80

100

120

140

160


2016 Total Active Listings vs. Total Sales

Total Active Listings Total Sales



Active Listings Year-to-Year by Map Area 2014 2015 2016



Manhattan Bch Hill 3 5 13

Manhattan Village 6 2 1



Total Active Listings 45 79 93

-

10

20

30

40

50

60

70

80

90

100

2014 2015 2016

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 31.0 5.0 4.0 11.0 4.0 8.0 5.0 3.0 6.0 5.0 6.0 7.0

Manhattan Bch Tree 2.0 8.0 5.0 2.0 2.0 3.0 4.0 3.0 2.0 2.0 8.0 5.0

Manhattan Bch Hill - 6.0 2.0 16.0 4.0 8.0 15.0 3.0 15.0 4.0 3.0 -

Manhattan Village 3.0 3.0 2.0 2.0 4.0 6.0 2.0 - - - - -

Manhattan Bch Heights/Lib Vlg 2.0 3.0 10.0 4.0 4.0 2.0 6.0 4.0 1.0 1.0 10.0 1.0

Manhattan Bch Mira Costa 5.0 3.0 2.0 5.0 5.0 4.0 4.0 3.0 3.0 4.0 2.0 3.0

-

5.0

10.0

15.0

20.0

25.0

30.0

35.0


2016 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

2014 4.0 3.0 3.0 2.0 2.0 2.0 3.0 2.0 3.0 2.0 2.0 1.0

2015 3.0 3.0 2.0 2.0 2.0 3.0 3.0 3.0 3.0 3.0 4.0 3.0

2016 5.0 5.0 4.0 4.0 3.0 4.0 5.0 3.0 3.0 3.0 3.0 4.0

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0


Months of Inventory Year-to-Year

2014

2015

2016


Summary Wow, real estate activity in Manhattan Beach during December definitely slowed as total sales (-27.3%), median sales price (-

5.9%), net listings (-14.7%), and the sales-listing ratio (-14.9)% all posted disappointing results! If not for the median days to sell

metric, which improved 38.2%, the entire month-over-month analysis would have performed to expected historical-seasonal

trending patterns. Year-over-year months of inventory data point increased 33.3% from December 2015 to 2016.

In December, C.A.R. reported ““Demand for homes continued to outstrip supply, causing the Unsold Inventory Index to

decline to 3.1 months in November from 4.2 months in November 2015.”

http://www.car.org/newsstand/newsreleases/2016releases/nov2016sales?view=Standard

For listing or buying questions or representation, or further information on market trending behavior, please feel free to contact

me anytime. I look forward to hearing from you!


Monthly Comparison Year-to-Year Dec 2015 Dec 2016 Delta Delta Increase Decrease

Total Sales 28 24 -4 -14.3%



Listings 79 93 14 17.7%

Months of Inventory 3.0 4.0 1 33.3%

Month-to-Month Comparison Nov 2016 Dec 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 33 24 -9 -27.3%



Listings 109 93 -16 -14.7%

Sales/Listing Ratio 30.3% 25.8% -0.045 -14.9%

Months of Inventory 3.0 4.0 1.0 33.3%


http://www.car.org/newsstand/newsreleases/2016releases/nov2016sales?view=Standard

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Hady Chahine…


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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.


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