Manhattan Beach Residential Real Estate

Market Conditions May 2015

Table of

Contents

Key Statistics for May

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 June

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Key Statistics for May

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= trending positive = trending positive

= trending negative = trending negative

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

Total Sales 31 36 5 16.1%

Median Sales Price 2,100,000 2,337,500 237,500 11.3%

Median Days to Sell 29 31 2 6.9%

Listings 70 82 12 17.1%

Sales/Listing Ratio 44.3% 43.9% -0.004 -0.9%

Months of Inventory 2.3 2.3 0.0 0.0%

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

Total Sales 43 36 -7 -16.3%

Median Sales Price 1,995,000 2,337,500 342,500 17.2%

Median Days to Sell 29 31 2 6.9%

Listings 91 82 -9 -9.9%

Months of Inventory 2.0 2.3 0.3 15.0%

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

Manhattan Bch Sand 12 9 11

Manhattan Bch Tree 6 10 16

Manhattan Bch Hill 1 1 0

Manhattan Village 4 2 1

Manhattan Bch Heights/Lib Vlg 4 3 4

Manhattan Bch Mira Costa 7 6 4

Total Sales 34 31 36

0

5

10

15

20

25

30

35

40

Mar Apr May

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 16 10 11

Manhattan Bch Tree 18 16 16

Manhattan Bch Hill 3 1 0

Manhattan Village 3 3 1

Manhattan Bch Heights/Lib Vlg 4 7 4

Manhattan Bch Mira Costa 6 6 4

Total Sales 50 43 36

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5

10

15

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25

30

35

40

45

50

2013 2014 2015

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

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 Mar Apr May

Manhattan Bch Sand 2,240,000 2,990,000 2,825,000

Manhattan Bch Tree 2,724,418 1,900,000 2,137,500

Manhattan Bch Hill 4,300,000 2,525,000 -

Manhattan Village 1,179,750 1,787,500 855,000

Manhattan Bch Heights/Lib Vlg 1,304,000 1,460,000 1,662,000

Manhattan Bch Mira Costa 1,609,000 1,549,500 2,575,000

Market Median Sales Price 1,690,000 2,100,000 2,337,500

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500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

4,500,000

Mar Apr May

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 2,112,500 2,150,000 2,825,000

Manhattan Bch Tree 1,730,000 2,045,000 2,137,500

Manhattan Bch Hill 2,700,000 3,890,000 -

Manhattan Village 1,270,000 1,650,000 855,000

Manhattan Bch Heights/Lib Vlg 1,482,500 1,500,000 1,662,000

Manhattan Bch Mira Costa 2,170,000 1,850,000 2,575,000

Market Median Sales Price 1,907,500 1,995,000 2,337,500

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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: May

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

Manhattan Bch Tree 16 14 20 20 22

Manhattan Bch Hill 2 3 5 6 10

Manhattan Village 6 5 4 3 3

Manhattan Bch Heights/Lib Vlg 4 5 6 8 6

Manhattan Bch Mira Costa 13 11 14 10 15

Total Active Listings 55 57 77 70 82

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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

Manhattan Bch Tree 16 14 20 20 22

Manhattan Bch Hill 2 3 5 6 10

Manhattan Village 6 5 4 3 3

Manhattan Bch Heights/Lib Vlg 4 5 6 8 6

Manhattan Bch Mira Costa 13 11 14 10 15

Total Active Listings 55 57 77 70 82

Total Sales 21 19 34 31 36

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

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10

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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 20 26

Manhattan Bch Tree 21 23 22

Manhattan Bch Hill 12 12 10

Manhattan Village 2 7 3

Manhattan Bch Heights/Lib Vlg 8 4 6

Manhattan Bch Mira Costa 20 25 15

Total Active Listings 92 91 82

0

10

20

30

40

50

60

70

80

90

100

2013 2014 2015

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

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

Manhattan Bch Tree 16.0 2.3 3.3 2.0 1.4

Manhattan Bch Hill 0.7 1.5 5.0 6.0 -

Manhattan Village 2.0 2.5 1.0 1.5 3.0

Manhattan Bch Heights/Lib Vlg 2.0 1.7 1.5 2.7 1.5

Manhattan Bch Mira Costa 2.2 3.7 2.0 1.7 3.8

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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

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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 June

May 2015 proved a positive continuation of month-to-month real estate trending behavior for the Manhattan

Beach residential market. For example, double-digit improvements were recorded for total sales (16.1%),

market median sales price (11.3%), and total listings (17.1%). In addition, year-over-year gains for the market

median sales price jumped from $1.995M to $2.3375M which calculates out to a 17.2% improvement or, in

dollars, a valuation increase exceeding $342K.

My attitude for June activity is that buyers and sellers will continue to enjoy a healthy and mutually beneficial

relationship as the cost of mortgage money remains at historical lows, despite rumors of the Fed raising

interest rates slightly sometime this year.

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Your recap

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

Total Sales 31 36 5 16.1%

Median Sales Price 2,100,000 2,337,500 237,500 11.3%

Median Days to Sell 29 31 2 6.9%

Listings 70 82 12 17.1%

Sales/Listing Ratio 44.3% 43.9% -0.004 -0.9%

Months of Inventory 2.3 2.3 0.0 0.0%

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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