september 2013 manhattan beach real estate market trends update

Manhattan BeachResidential Real Estate

Market Conditions September 2013

Table of Contents

Key StatisticsFor September

Sales2013 Residential Sales Stats: July – Sept Graph2013 Residential Sales Stats: July – Sept DataYear-to-Year Total Sales by Map Area: Sept GraphYear-to-Year Total Sales by Map Area: Sept Data

Median2013 Median Sales Stats: July – Sept Graph2013 Median Sales Stats: July – Sept DataYear-to-Year Median Sales by Map Area: Sept GraphYear-to-Year Median Sales by Map Area: Sept Data

Listings2013 Active Listings by Map Area Graph2013 Active Listings by Map Area Data2013 Total Active Listings vs. Total Sales Graph2013 Total Active Listings vs. Total Sales DataYear-to-Year Active Listings by Map Area: Sept GraphYear-to-Year Active Listings by Map Area: Sept Data

Inventory2013 Months of Inventory by Map Area Graph2013 Months of Inventory by Map Area DataYear-to-Year Months of Inventory GraphYear-to-Year Months of Inventory Data

OutlookFor October

About The Mother & Son South Bay Real Estate TeamContact Information

Key Statistics for September

Total Home Sales: 32 28.0% from September 2012

Median Sales Price Up $327.5K 23.7% from September 2012 Median Days to Sell: 37 33.0% from September 2012 Current Active Listings: 69 13.8% from August 2013 Inventory Turnover: 2.2 Months 53.7% from September 2012 Sales/Listing Ratio: 46.4%

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* See next slide for supportive dataBack to Table of Contents

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

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2013 Residential Sales Statistics: July - Sept

Sept

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2013 Residential Sales by Map Area Sept Aug July YTD

Manhattan Bch Sand 5 7 15 27

Manhattan Bch Tree 10 16 12 38

Manhattan Bch Hill 6 5 3 14

Manhattan Village 2 1 1 4

Manhattan Bch Heights/Lib Vlg 3 4 4 11

Manhattan Bch Mira Costa 6 7 10 23

Total Sales 32 40 45 117


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Sales

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Total Sales by Map Area: Year-to-Year for September

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Sales by Map Area: Year-to-Year for September 2013 2012 2011Manhattan Bch Sand 5 8 9Manhattan Bch Tree 10 9 11Manhattan Bch Hill 6 1 3Manhattan Village 2 0 2Manhattan Bch Heights/Lib Vlg 3 3 1Manhattan Bch Mira Costa 6 4 8

Total Sales 32 25 34


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2013 Median Sales Statistics: July - Sept

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2013 Median Sales by Map Area Sept Aug July

Manhattan Bch Sand 2,100,000 1,750,000 1,930,000

Manhattan Bch Tree 1,739,500 1,929,700 1,507,500

Manhattan Bch Hill 1,639,125 2,199,900 1,400,000

Manhattan Village 1,292,500 1,299,000 875,000

Manhattan Bch Heights/Lib Vlg 1,049,000 1,137,000 1,140,000

Manhattan Bch Mira Costa 1,724,950 1,350,000 1,525,000

Market Medians 1,707,500 1,685,000 1,540,000


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Median Sales Price by Map Area: Year-to-Year for September

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Median Sales Price by Map Area: Year-to-Year for September 2013 2012 2011Manhattan Bch Sand 2,100,000 1,590,000 1,500,000 Manhattan Bch Tree 1,739,500 1,515,000 905,000 Manhattan Bch Hill 1,639,125 1,475,000 1,500,000 Manhattan Village 1,292,500 - 750,000 Manhattan Bch Heights/Lib Vlg 1,049,000 975,000 836,500 Manhattan Bch Mira Costa 1,724,950 1,057,500 1,167,500

Total Market Sales Medians 1,707,500 1,380,000 1,137,500


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

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2013 Active Listings by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

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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 Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 Manhattan Village 3 4 3 - 2 3 5 5 1 Manhattan Bch Heights/Lib Vlg 3 10 9 4 8 7 7 8 6 Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11

Total Active Listings 63 74 85 75 92 104 93 80 69 Total Sales 22 22 42 45 50 42 45 40 32

Sales/Listings Ratio 34.9% 29.7% 49.4% 60.0% 54.3% 40.4% 48.4% 50.0% 46.4%



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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 Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 Manhattan Village 3 4 3 - 2 3 5 5 1 Manhattan Bch Heights/Lib Vlg 3 10 9 4 8 7 7 8 6 Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11

Total Active Listings 63 74 85 75 92 104 93 80 69 Total Sales 22 22 42 45 50 42 45 40 32

Sales/Listings Ratio 34.9% 29.7% 49.4% 60.0% 54.3% 40.4% 48.4% 50.0% 46.4%


Manhattan Bch Sand

Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg


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Active Listings by Map Area: Year-to-Year for September

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Active Listings by Map Area: Year-to-Year for September 2013 2012 2011Manhattan Bch Sand 26 37 73Manhattan Bch Tree 14 17 36Manhattan Bch Hill 11 10 14Manhattan Village 1 8 7Manhattan Bch Heights/Lib Vlg 6 9 6Manhattan Bch Mira Costa 11 22 16

Total Active Listings 69 103 152



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2013 Months of Inventory by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

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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 Manhattan Bch Tree 2.0 3.7 3.1 1.3 1.2 2.3 2.0 0.9 1.4 Manhattan Bch Hill 2.0 1.3 1.2 6.0 4.0 5.7 4.7 3.0 1.8 Manhattan Village - 1.3 3.0 - 0.7 1.5 5.0 5.0 0.5 Manhattan Bch Heights/Lib Vlg 3.0 3.3 2.3 0.8 2.0 0.9 1.8 2.0 2.0 Manhattan Bch Mira Costa 17.0 5.0 0.8 3.8 3.3 2.6 1.8 2.1 1.8



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Months of Inventory: Year-to-Year

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Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2013 2.9 3.4 2.0 1.7 1.8 2.5 2.1 2.0 2.2 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 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

Outlook for OctoberBased on historical trends, it is expected that the supply of properties for sale in October will increase as buyer activity decreases. This normally occurs this time of year because people are focusing their attentions elsewhere, such as children returning to school and preparing for the holiday season. Since mortgage interest rates remain relatively low, however, it is anticipated that buyer activity will remain strong throughout October, and perhaps even thru the end of 2013.

With this in mind – supply increasing and buyers aggressively shopping – Q4 of 2013 might prove very active! Thus, it is reasonable to conclude that sellers should negotiate strong purchase offers with reasonable terms. Buyers, on the other hand, should shop all available listings as supply is likely to increase in volume making possible many acceptable alternatives to choose from.

Keep in mind… Residential home sales increased 28% from September 2012 to 2013 Median sales price increased $327.5K from September 2012 to 2013 Median days to sell decreased 33% from September 2012 to 2013 Months of inventory is improving with declines seen throughout 2013 relative to 2012 Active listings in September 2013 totaled 69, which is down 13.8% from August And, the sales/listing ratio remains stable at 46.4%


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


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Hassana Chahine [email protected] 310-756-8949
