manhattan beach real estate market conditions - october 2015

7/24/2019 Manhattan Beach Real Estate Market Conditions - October 2015

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Manhattan BeachResidential Real Estate

Market ConditionsOctober 2015
http://hadychahine.com/


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Table ofContents

Key Statistics for October

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

Listings2015 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

Summary

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Contact Information
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Key Statistics for October

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Sep 2015 Oct 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 38 32 -6 -15.8%

Median Sales Price 2,075,000 2,080,000 5,000 0.2%

Median Days to Sell 50 32 -18 -36.0%

Listings 92 92 0 0.0%

Sales/Listing Ratio 41.3% 34.8% -0.065 -15.7%

Months of Inventory 2.0 3.0 1.0 50.0%

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

Total Sales 42 32 -10 -23.8%

Median Sales Price 2,107,500 2,080,000 (27,500) -1.3%


Listings 87 92 5 5.7%

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Total Sales Month-to-Month by Map Area Aug Sep Oct

Manhattan Bch Sand 9 13 11

Manhattan Bch Tree 5 14 5

Manhattan Bch Hill 3 3 2

Manhattan Village 2 - 2

Manhattan Bch Heights/Lib Vlg 4 5 5

Manhattan Bch Mira Costa 7 3 7Total Sales 30 38 32

-

5

10

15

20

25

30

35

40

Aug Sep Oct

2015 Total Sales Month-to-Month by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan VillageManhattan 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 Village 2 3 2


Manhattan Bch Mira Costa 3 10 7Total Sales 29 42 32

-

5

10

15

20

25

30

35

40

45

2013 2014 2015

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg


Total Sales


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Median Sales Price Month-to-Month by Map Area Aug Sep Oct

Manhattan Bch Sand 3,850,000 2,250,000 3,575,000

Manhattan Bch Tree 2,525,000 2,310,750 1,600,000

Manhattan Bch Hill 1,922,500 2,000,000 3,450,000

Manhattan Village 1,334,500 - 1,862,500

Manhattan Bch Heights/Lib Vlg 1,200,000 1,600,000 1,765,000

Manhattan Bch Mira Costa 1,575,000 1,300,000 1,479,000Market Median Sales Price 1,949,500 2,075,000 2,080,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

Aug Sep Oct

2015 Median Sales Price Month-to-Month by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Market Median Sales Price


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

Manhattan Bch Sand 1,760,000 2,500,000 3,575,000

Manhattan Bch Tree 1,520,000 2,226,000 1,600,000

Manhattan Bch Hill 1,750,000 2,699,500 3,450,000

Manhattan Village 1,017,500 1,150,000 1,862,500

Manhattan Bch Heights/Lib Vlg 1,335,000 1,510,000 1,765,000

Manhattan Bch Mira Costa 1,960,000 1,824,000 1,479,000Market Median Sales Price 1,520,000 2,107,500 2,080,000

-

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: October

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 14 19 28 23 26 24 34 32 32 32

Manhattan Bch Tree 16 14 20 20 22 20 19 20 20 23

Manhattan Bch Hill 2 3 5 6 10 11 14 11 11 10

Manhattan Village 6 5 4 3 3 4 2 1 - 2

Manhattan Bch Heights/Lib Vlg 4 5 6 8 6 10 9 8 8 4

Manhattan Bch Mira Costa 13 11 14 10 15 21 20 22 21 21

Total Active Listings 55 57 77 70 82 90 98 94 92 92

-

5

10

15

20

25

30

35

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

2015 Active Listings by Map Area

Manhattan Bch Sand

Manhattan Bch TreeManhattan 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 14 19 28 23 26 24 34 32 32 32

Manhattan Bch Tree 16 14 20 20 22 20 19 20 20 23

Manhattan Bch Hill 2 3 5 6 10 11 14 11 11 10

Manhattan Village 6 5 4 3 3 4 2 1 - 2

Manhattan Bch Heights/Lib Vlg 4 5 6 8 6 10 9 8 8 4

Manhattan Bch Mira Costa 13 11 14 10 15 21 20 22 21 21

Total Active Listings 55 57 77 70 82 90 98 94 92 92

Total Sales 21 19 34 31 36 35 32 30 38 32

Sales/Listings Ratio 38.2% 33.3% 44.2% 44.3% 43.9% 38.9% 32.7% 31.9% 41.3% 34.8%

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10

20

30

40

50

60

70

80

90

100


2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



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




Manhattan Village 2 11 2


Manhattan Bch Mira Costa 11 17 21Total Active Listings 64 87 92

-

10

20

30

40

50

60

70

80

90

100

2013 2014 2015

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

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 2.3 6.3 2.3 2.6 2.4 3.0 9.0 4.0 2.0 3.0

Manhattan Bch Tree 16.0 2.3 3.3 2.0 1.4 2.0 2.0 4.0 1.0 5.0

Manhattan Bch Hill 0.7 1.5 5.0 6.0 - 3.0 14.0 4.0 4.0 5.0

Manhattan Village 2.0 2.5 1.0 1.5 3.0 2.0 1.0 1.0 - 1.0

Manhattan Bch Heights/Lib Vlg 2.0 1.7 1.5 2.7 1.5 5.0 1.0 2.0 2.0 1.0

Manhattan Bch Mira Costa 2.2 3.7 2.0 1.7 3.8 2.0 2.0 3.0 7.0 3.0

-

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0


2015 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

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 3.0 3.0 2.0 3.0

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5


Months of Inventory Year-to-Year

2013

2014

2015


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SummaryLooking to buy or sell Manhattan Beach residential property? If so, consider the $5K bump in the median sales price and 36%

drop in median days to sell. Also, depending on your position, total sales and the sales/listing ratio each declined by

approximately 15+% while net listings held constant month-over-month at 92. Year-over-year median sales price fell 1.3% or

$27.5K.

In the news According to C.A.R., statewide home sales exceeded the 400,000 level in the October for the seventh consecutive

month and posted higher on a year-to-year basis for the ninth straight month.

http://www.car.org/newsstand/newsreleases/2015releases/october2015sales?view=Standard

For home owners thinking of selling but curious about valuation and marketing strategy please give me a call today to schedule afree CMA consultation. - No commitment, just a meet-and-greet and a chance to pick my brain about property value and market

behavior in your local neighborhood.


Month-to-Month Comparison Sep 2015 Oct 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 38 32 -6 -15.8%

Median Sales Price 2,075,000 2,080,000 5,000 0.2%


Listings 92 92 0 0.0%

Sales/Listing Ratio 41.3% 34.8% -0.065 -15.7%


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

Total Sales 42 32 -10 -23.8%

Median Sales Price 2,107,500 2,080,000 (27,500) -1.3%


Listings 87 92 5 5.7%

http://www.car.org/newsstand/newsreleases/2015releases/october2015sales?view=Standardhttp://www.car.org/newsstand/newsreleases/2015releases/october2015sales?view=Standardhttp://hadychahine.com/http://hadychahine.com/


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Serving South Bay Home Buyers and Sellers Since 2001

RE/MAX Top 4 Team in California2012

RE/MAX 100% Club - 2011

Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010


About

Hady Chahine


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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.


Listings MLS BLOGWebsite

Hady Chahine

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manhattan beach real estate market conditions - october 2015

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