march 2017 manhattan beach real estate market trends update

Manhattan Beach Residential Real Estate

Market Conditions March 2017

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Table of

Contents

Key Statistics for March

Sales 2017 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2017 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2017 Active Listings by Map Area 2017 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2017 Months of Inventory by Map Area Year-to-Year Months of Inventory

Summary

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Key Statistics for March

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= trending positive = trending positive

= trending negative = trending negative

Monthly Comparison Year-to-Year Mar 2016 Mar 2017 Delta Delta Increase Decrease

Total Sales 34 32 -2 -5.9%

Median Sales Price 2,481,250 2,575,000 93,750 3.8%

Median Days to Sell 40 44 4 10.0%

Listings 113 123 10 8.8%

Months of Inventory 4.0 4.0 0 0.0%

Month-to-Month Comparison Feb 2017 Mar 2017 Delta (qty) Delta (%) Increase Decrease

Total Sales 15 32 17 113.3%

Median Sales Price 1,530,000 2,575,000 1,045,000 68.3%


Listings 111 123 12 10.8%

Sales/Listing Ratio 13.5% 26.0% 0.125 92.6%

Months of Inventory 7.0 4.0 -3.0 -42.9%



Total Sales Month-to-Month by Map Area Jan Feb Mar

Manhattan Bch Sand 7 2 10

Manhattan Bch Tree 8 7 10

Manhattan Bch Hill 1 1 3

Manhattan Village 2 1 1

Manhattan Bch Heights/Lib Vlg 5 2 2

Manhattan Bch Mira Costa - 2 6

Total Sales 23 15 32

-

5

10

15

20

25

30

35

Jan Feb Mar

2017 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 2015 2016 2017




Manhattan Village 4 2 1


Manhattan Bch Mira Costa 7 8 6


-

5

10

15

20

25

30

35

2015 2016 2017

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Sales



Median Sales Price Month-to-Month by Map Area Jan Feb Mar

Manhattan Bch Sand 3,800,000 2,040,000 3,725,000

Manhattan Bch Tree 2,370,000 1,586,000 2,575,000

Manhattan Bch Hill 2,150,000 1,720,000 2,999,000

Manhattan Village 1,252,500 1,050,000 1,570,000

Manhattan Bch Heights/Lib Vlg 1,420,000 1,352,500 1,322,000

Manhattan Bch Mira Costa - 1,382,500 2,414,375

Market Median Sales Price 2,475,000 1,530,000 2,575,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

Jan Feb Mar

2017 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 2015 2016 2017

Manhattan Bch Sand 2,240,000 2,599,000 3,725,000

Manhattan Bch Tree 2,724,418 2,730,000 2,575,000

Manhattan Bch Hill 4,300,000 3,597,500 2,999,000

Manhattan Village 1,179,750 1,445,000 1,570,000

Manhattan Bch Heights/Lib Vlg 1,304,000 1,335,000 1,322,000

Manhattan Bch Mira Costa 1,609,000 2,247,500 2,414,375

Market Median Sales Price 1,690,000 2,481,250 2,575,000

-

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

2015 2016 2017

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

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 Village 3 2 -



Total Active Listings 98 111 123

-

5

10

15

20

25

30

35

40

45

50

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

2017 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









Sales/Listings Ratio 23.5% 13.5% 26.0%

-

20

40

60

80

100

120

140


2017 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2015 2016 2017








-

20

40

60

80

100

120

140

2015 2016 2017

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

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 6.0 22.0 5.0

Manhattan Bch Tree 2.0 4.0 3.0

Manhattan Bch Hill 14.0 15.0 5.0

Manhattan Village 2.0 2.0 -

Manhattan Bch Heights/Lib Vlg 1.0 4.0 4.0

Manhattan Bch Mira Costa - 7.0 3.0

-

5.0

10.0

15.0

20.0

25.0


2017 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

2015 3.0 3.0 2.0 2.0 2.0 3.0 3.0 3.0 3.0 3.0 4.0 3.0

2016 5.0 5.0 4.0 4.0 3.0 4.0 5.0 3.0 3.0 3.0 3.0 4.0

2017 4.0 7.0 4.0

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0


Months of Inventory Year-to-Year

2015

2016

2017


Summary Real estate investment in Manhattan Beach properties picked up in March as total sales and the sales-listing ratio spiked 113.3%

and 92.6% (respectively speaking), median days to sell increased 68.3%, and net listings improved 10.8%. The median days to

sell data point change 29.4%. Year-over-year months of inventory metric remained steady at 4.0 from March 2016 to 2017.

In February, C.A.R. reported “despite the back-to-back monthly price decline, February’s median price still registered a 7.6

percent increase from the revised $444,780 recorded a year ago.”

http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/feb2017sales?view=Standard

For listing or buying guidance, or additional statistics on market trending behavior, please do not hesitate to contact me to

schedule a time to discuss how I can be of service to you.


Month-to-Month Comparison Feb 2017 Mar 2017 Delta (qty) Delta (%) Increase Decrease

Total Sales 15 32 17 113.3%

Median Sales Price 1,530,000 2,575,000 1,045,000 68.3%


Listings 111 123 12 10.8%

Sales/Listing Ratio 13.5% 26.0% 0.125 92.6%

Months of Inventory 7.0 4.0 -3.0 -42.9%

Monthly Comparison Year-to-Year Mar 2016 Mar 2017 Delta Delta Increase Decrease

Total Sales 34 32 -2 -5.9%

Median Sales Price 2,481,250 2,575,000 93,750 3.8%


Listings 113 123 10 8.8%

Months of Inventory 4.0 4.0 0 0.0%


http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/feb2017sales?view=Standard

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