manhattan beach real estate market conditions - august 2014

8/11/2019 Manhattan Beach Real Estate Market Conditions - August 2014

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Manhattan BeachResidential Real Estate

Market ConditionsAugust 2014
http://hhcrealestate.com/


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Table ofContents

Key Statistics for August

Sales

2014 Residential Sales Stats

Year-to-Year Total Sales by Map Area

Median

2014 Median Sales Stats

Year-to-Year Median Sales by Map Area

Listings2014 Active Listings by Map Area

2014 Total Active Listings vs. Total Sales

Year-to-Year Active Listings by Map Area

Inventory

2014 Months of Inventory by Map Area

Year-to-Year Months of Inventory

Outlook for September

About Hady Chahine

Contact Information


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Key Statistics for August

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Jul 2014 Aug 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 36 39 3 8.3%

Median Sales Price 1,927,500 1,900,000 (27,500) -1.4%

Median Days to Sell 43 34 -9 -20.9%

Listings 78 76 -2 -2.6%

Sales/Listing Ratio 46.2% 51.3% 0.051 11.0%

Months of Inventory 2.2 2.0 -0.2 -9.1%

Monthly Comparison Year-to-Year Aug 2013 Aug 2014 Delta Delta Increase Decrease

Total Sales 40 39 -1 -2.5%

Median Sales Price 1,685,000 1,900,000 215,000 12.8%

Median Days to Sell 34 34 0 0.0%

Listings 83 76 -7 -8.4%

Months of Inventory 2.0 2.0 0 0.0%
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Total Sales Month-to-Month by Map Area Jun Jul Aug

Manhattan Bch Sand 8 6 13

Manhattan Bch Tree 18 13 9

Manhattan Bch Hill 4 2 2

Manhattan Village 3 4 4

Manhattan Bch Heights/Lib Vlg 2 1 4

Manhattan Bch Mira Costa 7 10 7Total Sales 42 36 39

0

5

10

15

20

25

30

35

40

45

Jun Jul Aug

2014 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 2012 2013 2014






Manhattan Bch Mira Costa 12 7 7Total Sales 45 40 39

0

5

10

15

20

25

30

35

40

45

2012 2013 2014

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Sales


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Median Sales Price Month-to-Month by Map Area Jun Jul Aug

Manhattan Bch Sand 1,855,000 2,880,000 2,250,000

Manhattan Bch Tree 2,112,500 2,050,000 1,900,000

Manhattan Bch Hill 3,465,000 2,605,000 3,510,000

Manhattan Village 1,618,000 1,365,000 1,162,000

Manhattan Bch Heights/Lib Vlg 1,260,500 1,385,000 1,337,500

Manhattan Bch Mira Costa 1,915,000 1,562,500 1,995,000Market Median Sales Price 1,902,500 1,927,500 1,900,000

-

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

2014 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 2012 2013 2014

Manhattan Bch Sand 1,517,500 1,750,000 2,250,000

Manhattan Bch Tree 1,549,999 1,929,700 1,900,000

Manhattan Bch Hill 3,150,000 2,199,900 3,510,000

Manhattan Village - 1,299,000 1,162,000

Manhattan Bch Heights/Lib Vlg 902,000 1,137,000 1,337,500

Manhattan Bch Mira Costa 1,447,500 1,350,000 1,995,000Market Median Sales Price 1,485,000 1,685,000 1,900,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

2012 2013 2014

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan VillageManhattan Bch Heights/Lib Vlg


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 15 15 17 13 19 24 23 30

Manhattan Bch Tree 10 10 21 28 21 19 14 13

Manhattan Bch Hill 5 6 10 10 12 6 6 5

Manhattan Village - 2 5 7 7 9 8 6

Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6 5 4

Manhattan Bch Mira Costa 8 7 13 20 24 19 22 18

Total Active Listings 45 49 73 88 85 83 78 76

-

5

10

15

20

25

30

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

2014 Active Listings by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village




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Active Listings Year-to-Year by Map Area 2012 2013 2014






Manhattan Bch Mira Costa 27 15 18Total Active Listings 108 83 76

0

20

40

60

80

100

120

2012 2013 2014

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib VlgManhattan Bch Mira Costa

Total Active Listings



Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Manhattan Bch Sand 3.8 1.4 2.4 1.1 1.9 3.0 3.8 2.3

Manhattan Bch Tree 3.3 2.5 2.3 2.6 1.3 1.1 1.1 1.4

Manhattan Bch Hill 5.0 3.0 2.5 1.1 12.0 1.5 3.0 2.5

Manhattan Village - - 2.5 7.0 2.3 3.0 2.0 1.5

Manhattan Bch Heights/Lib Vlg 3.5 4.5 1.4 1.7 0.3 3.0 5.0 1.0

Manhattan Bch Mira Costa 2.7 2.3 2.2 3.3 4.0 2.7 2.2 2.6

-

2.0

4.0

6.0

8.0

10.0

12.0


2014 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

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

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

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0


Months of Inventory Year-to-Year

2012

2013

2014


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Outlook for September

Among the positive real estate trending stats for Manhattan Beach during August included an 8.3% jumpin total sales, 20.9% reduction in the median days to sell, and an 11% improvement in the sales/listingratio. Unfortunately, however, the MLS did report a $27.5K drop in the market median sales price but, toput this figure into perspective, this number equates to a marginal 1.4%.

With fall weather just around the corner I suspect real activity in September to trend slightly off pace with

respect to summertime activities. Though, because mortgage money remains relatively inexpensive it ispossible that buyers remain thoroughly engaged until interest rate behavior changes. Of course, whenthis is likely to occur is anyones guess at the moment. Question about listing your property? How about

buying in todays market? If so, please feel free to call me anytime. I would love to discuss how I can be

of service to you!

Your recap


Month-to-Month Comparison Jul 2014 Aug 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 36 39 3 8.3%

Median Sales Price 1,927,500 1,900,000 (27,500) -1.4%

Median Days to Sell 43 34 -9 -20.9%

Listings 78 76 -2 -2.6%

Sales/Listing Ratio 46.2% 51.3% 0.051 11.0%

Months of Inventory 2.2 2.0 -0.2 -9.1%


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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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manhattan beach real estate market conditions - august 2014

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