july 2014 manhattan beach real estate market trends update

Manhattan Beach Residential Real Estate

Market Conditions July 2014

http://hhcrealestate.com/

Table of

Contents

Key Statistics for July

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 August

About Hady Chahine Contact Information


Key Statistics for July

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Jun 2014 Jul 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 42 36 -6 -14.3%

Median Sales Price 1,902,500 1,927,500 25,000 1.3%

Median Days to Sell 39 43 4 10.3%

Listings 83 78 -5 -6.0%

Sales/Listing Ratio 50.6% 46.2% -0.044 -8.7%

Months of Inventory 2.7 2.0 -0.7 -25.9%

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

Total Sales 45 36 -9 -20.0%



Listings 94 78 -16 -17.0%

Months of Inventory 2.1 2.2 0.1 4.8%



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

Manhattan Bch Sand 10 8 6

Manhattan Bch Tree 16 18 13

Manhattan Bch Hill 1 4 2

Manhattan Village 3 3 4

Manhattan Bch Heights/Lib Vlg 7 2 1

Manhattan Bch Mira Costa 6 7 10

Total Sales 43 42 36

0

5

10

15

20

25

30

35

40

45

May Jun Jul

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 Year-to-Year by Map Area 2012 2013 2014







Total Sales 41 45 36

0

5

10

15

20

25

30

35

40

45

2012 2013 2014

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Sales



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

Manhattan Bch Sand 2,150,000 1,855,000 2,880,000

Manhattan Bch Tree 2,045,000 2,112,500 2,050,000

Manhattan Bch Hill 3,890,000 3,465,000 2,605,000

Manhattan Village 1,650,000 1,618,000 1,365,000

Manhattan Bch Heights/Lib Vlg 1,500,000 1,260,500 1,385,000

Manhattan Bch Mira Costa 1,850,000 1,915,000 1,562,500

Market Median Sales Price 1,995,000 1,902,500 1,927,500

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

May Jun Jul

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 1,641,250 1,930,000 2,880,000

Manhattan Bch Tree 1,575,000 1,507,500 2,050,000

Manhattan Bch Hill 3,400,000 1,400,000 2,605,000

Manhattan Village 790,000 875,000 1,365,000

Manhattan Bch Heights/Lib Vlg 797,000 1,140,000 1,385,000

Manhattan Bch Mira Costa 1,075,000 1,525,000 1,562,500

Market Median Sales Price 1,300,000 1,540,000 1,927,500

-

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: July

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 19 24 23

Manhattan Bch Tree 10 10 21 28 21 19 14

Manhattan Bch Hill 5 6 10 10 12 6 6

Manhattan Village - 2 5 7 7 9 8

Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6 5

Manhattan Bch Mira Costa 8 7 13 20 24 19 22

Total Active Listings 45 49 73 88 85 83 78

-

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 19 24 23

Manhattan Bch Tree 10 10 21 28 21 19 14

Manhattan Bch Hill 5 6 10 10 12 6 6

Manhattan Village - 2 5 7 7 9 8

Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6 5

Manhattan Bch Mira Costa 8 7 13 20 24 19 22

Total Active Listings 45 49 73 88 85 83 78

Total Sales 15 22 33 45 43 42 36

Sales/Listings Ratio 33.3% 44.9% 45.2% 51.1% 50.6% 50.6% 46.2%

-

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 121 94 78

0

20

40

60

80

100

120

140

2012 2013 2014

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

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 1.9 3.0 3.8

Manhattan Bch Tree 3.3 2.5 2.3 2.6 1.3 1.1 1.1

Manhattan Bch Hill 5.0 3.0 2.5 1.1 12.0 1.5 3.0

Manhattan Village - - 2.5 7.0 2.3 3.0 2.0

Manhattan Bch Heights/Lib Vlg 3.5 4.5 1.4 1.7 0.3 3.0 5.0

Manhattan Bch Mira Costa 2.7 2.3 2.2 3.3 4.0 2.7 2.2

-

2.0

4.0

6.0

8.0

10.0

12.0


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 2.0 2.0 2.2

-

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 August

In summary, the Manhattan Beach real estate market trended rather consistent during the month of July

with respect to June. While some performance indicators dropped slightly, such as total sales, median

days to sell, and listings, other measurements improved, such as the median sales price and months of

inventory. The most glaring improvement, however, was the year-over-year median sales price, which

increased 25.2% or $387,500.

With this in mind, it is reasonable to assume the month of August will produce similar results given

mortgage money remains relatively cheap, housing inventories are competitive, and banks continue to

make loans to qualified buyers. If you are in the market to buy or sell, please do not hesitate to give me

a call so we can discuss how I can be of service to you.

Your recap…


Month-to-Month Comparison Jun 2014 Jul 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 42 36 -6 -14.3%



Listings 83 78 -5 -6.0%

Sales/Listing Ratio 50.6% 46.2% -0.044 -8.7%

Months of Inventory 2.7 2.0 -0.7 -25.9%


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


About

Hady Chahine…


The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for

any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet

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.


Listings MLS BLOG Website



http://hhcrealestate.com/featured-south-bay-homes

http://hhcrealestate.com/south-bay-mls-real-estate-listings

http://hhcrealestate.com/real-estate-news/