august 2017 manhattan beach real estate market trends update
TRANSCRIPT
Table of
Contents
Key Statistics for August
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
About Hady Chahine Contact Information
Key Statistics for August
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison July 2017 Aug 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 41 32 -9 -22.0%
Median Sales Price 2,425,000 2,247,500 (177,500) -7.3%
Median Days to Sell 13 29 16 123.1%
Listings 116 119 3 2.6%
Sales/Listing Ratio 35.3% 26.9% -0.084 -23.8%
Months of Inventory 3.0 4.0 1.0 33.3%
Monthly Comparison Year-to-Year Aug 2016 Aug 2017 Delta Delta Increase Decrease
Total Sales 39 32 -7 -17.9%
Median Sales Price 1,830,000 2,247,500 417,500 22.8%
Median Days to Sell 56 29 -27 -48.2%
Listings 131 119 -12 -9.2%
Months of Inventory 3.0 4.0 1 33.3%
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Total Sales Month-to-Month by Map Area Jun Jul Aug
Manhattan Bch Sand 11 15 8
Manhattan Bch Tree 21 10 7
Manhattan Bch Hill 6 2 3
Manhattan Village 1 2 2
Manhattan Bch Heights/Lib Vlg 6 6 4
Manhattan Bch Mira Costa 12 6 8
Total Sales 57 41 32
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10
20
30
40
50
60
Jun Jul Aug
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
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Total Sales Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 9 13 8
Manhattan Bch Tree 5 9 7
Manhattan Bch Hill 3 4 3
Manhattan Village 2 - 2
Manhattan Bch Heights/Lib Vlg 4 3 4
Manhattan Bch Mira Costa 7 10 8
Total Sales 30 39 32
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5
10
15
20
25
30
35
40
2015 2016 2017
Total Sales Year-to-Year by Map Area: August
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 Jun Jul Aug
Manhattan Bch Sand 4,000,000 3,075,000 2,405,000
Manhattan Bch Tree 2,600,000 2,817,500 2,850,000
Manhattan Bch Hill 3,500,000 3,597,500 1,695,000
Manhattan Village 1,150,000 1,267,500 1,272,500
Manhattan Bch Heights/Lib Vlg 1,475,000 2,142,500 1,642,500
Manhattan Bch Mira Costa 2,347,500 1,690,000 2,507,500
Market Median Sales Price 2,675,000 2,425,000 2,247,500
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
Jun Jul Aug
2017 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 2015 2016 2017
Manhattan Bch Sand 3,850,000 2,309,000 2,405,000
Manhattan Bch Tree 2,525,000 1,769,825 2,850,000
Manhattan Bch Hill 1,922,500 1,762,500 1,695,000
Manhattan Village 1,334,500 - 1,272,500
Manhattan Bch Heights/Lib Vlg 1,200,000 2,475,000 1,642,500
Manhattan Bch Mira Costa 1,575,000 1,562,500 2,507,500
Market Median Sales Price 1,949,500 1,830,000 2,247,500
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
2015 2016 2017
Median Sales Price Year-to-Year by Map Area: August
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 42 43 49 60 55 59 57 62
Manhattan Bch Tree 16 30 32 27 23 17 23 21
Manhattan Bch Hill 14 15 15 14 16 17 11 8
Manhattan Village 3 2 - 1 2 5 5 5
Manhattan Bch Heights/Lib Vlg 3 8 7 7 6 7 4 7
Manhattan Bch Mira Costa 20 13 20 19 12 19 16 16
Total Active Listings 98 111 123 128 114 124 116 119
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10
20
30
40
50
60
70
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
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 42 43 49 60 55 59 57 62
Manhattan Bch Tree 16 30 32 27 23 17 23 21
Manhattan Bch Hill 14 15 15 14 16 17 11 8
Manhattan Village 3 2 - 1 2 5 5 5
Manhattan Bch Heights/Lib Vlg 3 8 7 7 6 7 4 7
Manhattan Bch Mira Costa 20 13 20 19 12 19 16 16
Total Active Listings 98 111 123 128 114 124 116 119
Total Sales 23 15 32 48 46 57 41 32
Sales/Listings Ratio 23.5% 13.5% 26.0% 37.5% 40.4% 46.0% 35.3% 26.9%
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20
40
60
80
100
120
140
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 Total Active Listings vs. Total Sales
Total Active Listings Total Sales
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-
20
40
60
80
100
120
140
2015 2016 2017
Active Listings Year-to-Year by Map Area: August
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 6.0 22.0 5.0 7.0 8.0 5.0 4.0 8.0
Manhattan Bch Tree 2.0 4.0 3.0 2.0 1.0 1.0 2.0 3.0
Manhattan Bch Hill 14.0 15.0 5.0 5.0 3.0 3.0 6.0 3.0
Manhattan Village 2.0 2.0 - - - 5.0 3.0 3.0
Manhattan Bch Heights/Lib Vlg 1.0 4.0 4.0 1.0 1.0 1.0 1.0 2.0
Manhattan Bch Mira Costa - 7.0 3.0 2.0 1.0 2.0 3.0 2.0
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5.0
10.0
15.0
20.0
25.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 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
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 3.0 2.0 2.0 3.0 4.0
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1.0
2.0
3.0
4.0
5.0
6.0
7.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory Year-to-Year
2015
2016
2017
Summary August was a tough month for real estate investment in Manhattan Beach as total sales dropped 22%, the median sales price fell 7.3% or by
$177.5K, the median days to sell metric increased 123.1%, and the sales-listing ratio decreased 23.8%. Year-over-year months of inventory
metric climbed 33.3% from August 2016 to 2017.
In July, C.A.R. reported “““As we enter the second half of the year, we are likely to see some slowdown in sales that extends beyond the
typical seasonality change,” said C.A.R. President Geoff McIntosh. “While the rate of closed sales indicates that California’s housing market
has continued to move forward, tight supply continued to push up prices and lower affordability, which can ultimately undermine the
housing market by putting homeownership out of reach for too many households."
http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/july2017sales/
For listing or buying questions or representation, or further information on market trending behavior, please feel free to contact me
anytime. I look forward to hearing from you!
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Monthly Comparison Year-to-Year Aug 2016 Aug 2017 Delta Delta Increase Decrease
Total Sales 39 32 -7 -17.9%
Median Sales Price 1,830,000 2,247,500 417,500 22.8%
Median Days to Sell 56 29 -27 -48.2%
Listings 131 119 -12 -9.2%
Months of Inventory 3.0 4.0 1 33.3%
Month-to-Month Comparison July 2017 Aug 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 41 32 -9 -22.0%
Median Sales Price 2,425,000 2,247,500 (177,500) -7.3%
Median Days to Sell 13 29 16 123.1%
Listings 116 119 3 2.6%
Sales/Listing Ratio 35.3% 26.9% -0.084 -23.8%
Months of Inventory 3.0 4.0 1.0 33.3%
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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