manhattan beach real estate market conditions - december 2013
DESCRIPTION
Manhattan Beach real estate statistics and analysis for December 2013. Includes home sales, listings, inventory and historical performance on a month-to-month and year-to-year basis.TRANSCRIPT
Manhattan Beach Residential Real Estate
Market Conditions December 2013
Table of
Contents
Key Statistics for December
Sales 2013 Residential Sales Stats: Oct - Dec Year-to-Year Total Sales by Map Area: Dec Median 2013 Median Sales Stats: Oct - Dec Year-to-Year Median Sales by Map Area: Dec Listings 2013 Active Listings by Map Area 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Dec Inventory 2013 Months of Inventory by Map Area Year-to-Year Months of Inventory
Outlook for January
About the Mother & Son South Bay Real Estate Team Contact Information
Key Statistics for December
Back to Table of Contents
= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Nov 2013 Dec 2013 Delta (qty) Delta (%) Increase Decrease
Total Sales 29 28 -1 -3.4%
Median Sales Price 1,995,000 1,395,000 (600,000) -30.1%
Median Days to Sell 52 31 -21 -40.4%
Listings 43 23 -20 -46.5%
Sales/Listing Ratio 67.4 121.7 54.3 80.6%
Inventory Turnover 1.5 0.8 -0.7 -46.7%
Monthly Comparison Year-to-Year Dec 2012 Dec 2013 Delta Delta Increase Decrease
Total Sales 36 28 -8 -22.2%
Median Sales Price 1,362,500 1,395,000 32,500 2.4%
Median Days to Sell 45 31 -14 -31.1%
Listings 70 23 -47 -67.1%
Inventory Turnover 1.9 0.8 -1.1 -57.9%
Back to Table of Contents
0
2
4
6
8
10
12
Oct Nov Dec
2013 Residential Sales Statistics: Oct - Dec
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
2013 Residential Sales by Map Area Oct Nov Dec YTD
Manhattan Bch Sand 5 9 7 21
Manhattan Bch Tree 11 9 5 25
Manhattan Bch Hill 3 3 3 9
Manhattan Village 2 2 2 6
Manhattan Bch Heights/Lib Vlg 5 1 6 12
Manhattan Bch Mira Costa 3 5 5 13
Total Sales 29 29 28 86
Back to Table of Contents
0
1
2
3
4
5
6
7
8
9
10
2011 2012 2013
Total Sales by Map Area: Year-to-Year for December
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Sales by Map Area: Year-to-Year for December 2011 2012 2013
Manhattan Bch Sand 10 9 7
Manhattan Bch Tree 5 9 5
Manhattan Bch Hill 0 1 3
Manhattan Village 2 3 2
Manhattan Bch Heights/Lib Vlg 3 4 6
Manhattan Bch Mira Costa 7 10 5
Total Sales 27 36 28
Back to Table of Contents
-
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
2013 Median Sale Price Statistics: Oct - Dec
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Market Median Sale Price
2013 Median Sale Price by Map Area Oct Nov Dec
Manhattan Bch Sand 1,760,000 2,200,000 1,999,000
Manhattan Bch Tree 1,520,000 2,049,000 1,790,000
Manhattan Bch Hill 1,750,000 2,550,000 3,800,000
Manhattan Village 1,017,500 1,327,500 982,500
Manhattan Bch Heights/Lib Vlg 1,335,000 900,000 811,250
Manhattan Bch Mira Costa 1,960,000 1,340,000 1,250,000
Market Median Sale Price 1,520,000 1,995,000 1,395,000
Back to Table of Contents
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
2011 2012 2013
Median Sale Price by Map Area: Year-to-Year for December
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Market Median Sale Price
Median Sale Price by Map Area: Year-to-Year for December 2011 2012 2013
Manhattan Bch Sand 1,720,000 2,218,000 1,999,000
Manhattan Bch Tree 1,499,000 950,000 1,790,000
Manhattan Bch Hill - 1,825,000 3,800,000
Manhattan Village 1,008,500 1,210,000 982,500
Manhattan Bch Heights/Lib Vlg 865,000 974,500 811,250
Manhattan Bch Mira Costa 1,440,000 1,663,250 1,250,000
Market Median Sale Price 1,450,000 1,362,500 1,395,000
Back to Table of Contents
-
5
10
15
20
25
30
35
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Active Listings by Map Area
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 28 30 35 29 29 28 25 22 26 17 13 7
Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 12 11 8
Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 7 5 2
Manhattan Village 3 4 3 - 2 3 5 5 1 1 2 -
Manhattan Bch Heights/Lib Vlg 3 10 9 4 8 7 7 8 6 9 4 2
Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11 11 8 4
Total Active Listings 63 74 85 75 92 104 93 80 69 57 43 23
Back to Table of Contents
-
20
40
60
80
100
120
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 28 30 35 29 29 28 25 22 26 17 13 7
Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 12 11 8
Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 7 5 2
Manhattan Village 3 4 3 - 2 3 5 5 1 1 2 -
Manhattan Bch Heights/Lib Vlg 3 10 9 4 8 7 7 8 6 9 4 2
Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11 11 8 4
Total Active Listings 63 74 85 75 92 104 93 80 69 57 43 23
Total Sales 22 22 42 45 50 42 45 40 32 29 29 28
Sales/Listings Ratio 34.9% 29.7% 49.4% 60.0% 54.3% 40.4% 48.4% 50.0% 46.4% 50.9% 67.4% 121.7%
Back to Table of Contents
0
5
10
15
20
25
30
35
40
45
50
2011 2012 2013
Active Listings by Map Area: Year-to-Year for December
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Active Listings by Map Area: Year-to-Year for December 2011 2012 2013
Manhattan Bch Sand 46 26 7
Manhattan Bch Tree 18 11 8
Manhattan Bch Hill 12 7 2
Manhattan Village 5 5 0
Manhattan Bch Heights/Lib Vlg 5 5 2
Manhattan Bch Mira Costa 16 16 4
Total Active Listings 102 70 23
Back to Table of Contents
-
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Months of Inventory by Map Area
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
2013 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 2.0 4.3 2.3 1.6 1.8 3.1 1.7 3.1 5.2 3.4 1.4 1.0
Manhattan Bch Tree 2.0 3.7 3.1 1.3 1.2 2.3 2.0 0.9 1.4 1.1 1.2 1.6
Manhattan Bch Hill 2.0 1.3 1.2 6.0 4.0 5.7 4.7 3.0 1.8 2.3 1.7 0.7
Manhattan Village - 1.3 3.0 - 0.7 1.5 5.0 5.0 0.5 0.5 1.0 -
Manhattan Bch Heights/Lib Vlg 3.0 3.3 2.3 0.8 2.0 0.9 1.8 2.0 2.0 1.8 4.0 0.3
Manhattan Bch Mira Costa 17.0 5.0 0.8 3.8 3.3 2.6 1.8 2.1 1.8 3.7 1.6 0.8
Back to Table of Contents
-
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory: Year-to-Year
2011
2012
2013
Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 5.7 9.3 3.6 4.5 4.6 3.3 3.3 3.8 4.5 5.7 4.6 3.8
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
Outlook for January
For December 2013, the Manhattan Beach residential real estate market performed as expected with
trending decreases in total sales, median sales price, and the number of listings. On a more positive
note, however, improvements were recorded for median days to sell, sales/listing ratio, and the inventory
turnover rates.
Projections for the New Year are encouraging given a fairly steady interest in buyer and seller activity
and because the cost to borrower money remains at historically low levels. For questions concerning
market trending behavior, or to request a complementary comparative market analysis, please give me a
call.
With this in mind, the recap is…
Back to Table of Contents
Month-to-Month Comparison Nov 2013 Dec 2013 Delta (qty) Delta (%) Increase Decrease
Total Sales 29 28 -1 -3.4%
Median Sales Price 1,995,000 1,395,000 (600,000) -30.1%
Median Days to Sell 52 31 -21 -40.4%
Listings 43 23 -20 -46.5%
Sales/Listing Ratio 67.4 121.7 54.3 80.6%
Inventory Turnover 1.5 0.8 -0.7 -46.7%
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
Back to Table of Contents
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.
Website: http://HHCRealEstate.com
Listings: http://HHCRealEstate.com/featured-south-bay-homes
MLS: http://HHCRealEstate.com/south-bay-mls-real-estate-listings
Blog: http://HHCRealEstate.com/real-estate-news/
Hady Chahine [email protected]
310-404-5361
Hassana Chahine [email protected]
310-756-8949
Back to Table of Contents