Manhattan Beach Residential Real Estate

Market Conditions June 2015

Table of

Contents

Key Statistics for June

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

Outlook for July

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Key Statistics for June

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison May 2015 June 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 36 35 -1 -2.8%

Median Sales Price 2,337,500 2,400,000 62,500 2.7%

Median Days to Sell 31 43 12 38.7%

Listings 82 90 8 9.8%

Sales/Listing Ratio 43.9% 38.9% -0.05 -11.4%

Months of Inventory 2.3 3 0.7 30.4%

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

Total Sales 42 35 -7 -16.7%

Median Sales Price 1,902,500 2,400,000 497,500 26.1%

Median Days to Sell 39 43 4 10.3%

Listings 94 90 -4 -4.3%

Months of Inventory 2.0 3.0 1 50.0%

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

Manhattan Bch Sand 9 11 7

Manhattan Bch Tree 10 16 10

Manhattan Bch Hill 1 0 4

Manhattan Village 2 1 2

Manhattan Bch Heights/Lib Vlg 3 4 2

Manhattan Bch Mira Costa 6 4 10

Total Sales 31 36 35

0

5

10

15

20

25

30

35

40

Apr May Jun

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

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

Manhattan Bch Sand 9 8 7

Manhattan Bch Tree 12 18 10

Manhattan Bch Hill 3 4 4

Manhattan Village 2 3 2

Manhattan Bch Heights/Lib Vlg 8 2 2

Manhattan Bch Mira Costa 8 7 10

Total Sales 42 42 35

0

5

10

15

20

25

30

35

40

45

2013 2014 2015

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

Total Sales

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

Manhattan Bch Sand 2,990,000 2,825,000 3,075,000

Manhattan Bch Tree 1,900,000 2,137,500 2,195,000

Manhattan Bch Hill 2,525,000 - 2,875,000

Manhattan Village 1,787,500 855,000 1,412,000

Manhattan Bch Heights/Lib Vlg 1,460,000 1,662,000 1,477,500

Manhattan Bch Mira Costa 1,549,500 2,575,000 2,500,000

Market Median Sales Price 2,100,000 2,337,500 2,400,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

Apr May Jun

2015 Median Sales Price 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

Market Median Sales Price

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Median Sales Price Year-to-Year by Map Area 2013 2014 2015

Manhattan Bch Sand 1,874,473 1,855,000 3,075,000

Manhattan Bch Tree 1,842,500 2,112,500 2,195,000

Manhattan Bch Hill 1,680,000 3,465,000 2,875,000

Manhattan Village 1,263,500 1,618,000 1,412,000

Manhattan Bch Heights/Lib Vlg 960,000 1,260,500 1,477,500

Manhattan Bch Mira Costa 1,262,500 1,915,000 2,500,000

Market Median Sales Price 1,579,500 1,902,500 2,400,000

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500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

2013 2014 2015

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

Market Median Sales Price

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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

Manhattan Bch Tree 16 14 20 20 22 20

Manhattan Bch Hill 2 3 5 6 10 11

Manhattan Village 6 5 4 3 3 4

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

Manhattan Bch Mira Costa 13 11 14 10 15 21

Total Active Listings 55 57 77 70 82 90

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5

10

15

20

25

30

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

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

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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

Manhattan Bch Tree 16 14 20 20 22 20

Manhattan Bch Hill 2 3 5 6 10 11

Manhattan Village 6 5 4 3 3 4

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

Manhattan Bch Mira Costa 13 11 14 10 15 21

Total Active Listings 55 57 77 70 82 90

Total Sales 21 19 34 31 36 35

Sales/Listings Ratio 38.2% 33.3% 44.2% 44.3% 43.9% 38.9%

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10

20

30

40

50

60

70

80

90

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

2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales

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

Manhattan Bch Sand 29 27 24

Manhattan Bch Tree 28 20 20

Manhattan Bch Hill 17 8 11

Manhattan Village 3 10 4

Manhattan Bch Heights/Lib Vlg 7 8 10

Manhattan Bch Mira Costa 21 21 21

Total Active Listings 105 94 90

0

20

40

60

80

100

120

2013 2014 2015

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

Total Active Listings

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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

Manhattan Bch Tree 16.0 2.3 3.3 2.0 1.4 2.0

Manhattan Bch Hill 0.7 1.5 5.0 6.0 - 3.0

Manhattan Village 2.0 2.5 1.0 1.5 3.0 2.0

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

Manhattan Bch Mira Costa 2.2 3.7 2.0 1.7 3.8 2.0

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2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

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

2015 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

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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

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0.5

1.0

1.5

2.0

2.5

3.0

3.5

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

Months of Inventory Year-to-Year

2013

2014

2015

Outlook for July July was a good month for Manhattan Beach real estate activity as 35 homes sold, the median sales price

jumped $62.5K, and listings increased 9.8%. Year-over-year, this highly coveted beach community has

experienced a 26.1% improvement in its median sales price.

In the news According to C.A.R., home sales reach highest level in two years despite modest inventory

constraints on housing supply (http://www.car.org/newsstand/newsreleases/2015releases/june2015sales/?view=Standard).

Given the time of year (middle of summer) and ridiculously low mortgage rates, I suspect real estate interest to

remain strong throughout the month of July. Thinking of selling? Please call to schedule a free market analysis.

Are you in the market to buy? Dont hesitate to bring me on board lets get you pre-qualified today!

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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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About

Hady Chahine

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitors 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.

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