november 2014 manhattan beach real estate market trends update
TRANSCRIPT
Table of
Contents
Key Statistics for November
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 Listings 2014 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 December
About Hady Chahine Contact Information
Key Statistics for November
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Oct 2014 Nov 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 40 35 -5 -12.5%
Median Sales Price 2,107,500 2,200,000 92,500 4.4%
Median Days to Sell 33 43 10 30.3%
Listings 77 54 -23 -29.9%
Sales/Listing Ratio 51.9% 64.8% 0.129 24.9%
Months of Inventory 1.9 1.5 -0.4 -21.1%
Monthly Comparison Year-to-Year Nov 2013 Nov 2014 Delta Delta Increase Decrease
Total Sales 30 35 5 16.7%
Median Sales Price 1,987,000 2,200,000 213,000 10.7%
Median Days to Sell 49 43 -6 -12.2%
Listings 51 54 3 5.9%
Months of Inventory 1.5 1.5 0 0.0%
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Total Sales Month-to-Month by Map Area Sep Oct Nov
Manhattan Bch Sand 10 10 13
Manhattan Bch Tree 5 12 4
Manhattan Bch Hill 2 1 3
Manhattan Village 1 3 4
Manhattan Bch Heights/Lib Vlg 4 5 3
Manhattan Bch Mira Costa 5 9 8
Total Sales 27 40 35
0
5
10
15
20
25
30
35
40
Sep Oct Nov
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 Sand 14 9 13
Manhattan Bch Tree 12 9 4
Manhattan Bch Hill 3 3 3
Manhattan Village 3 2 4
Manhattan Bch Heights/Lib Vlg 7 1 3
Manhattan Bch Mira Costa 7 6 8
Total Sales 46 30 35
0
5
10
15
20
25
30
35
40
45
50
2012 2013 2014
Total Sales Year-to-Year by Map Area: November
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 Sep Oct Nov
Manhattan Bch Sand 2,387,500 2,500,000 2,850,000
Manhattan Bch Tree 1,910,000 2,226,000 1,597,500
Manhattan Bch Hill 2,205,000 2,999,000 4,088,980
Manhattan Village 1,375,000 1,150,000 1,127,500
Manhattan Bch Heights/Lib Vlg 1,362,500 1,510,000 1,250,000
Manhattan Bch Mira Costa 1,700,000 1,869,000 1,900,000
Market Median Sales Price 1,710,000 2,107,500 2,200,000
-
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
Sep Oct Nov
2014 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 2012 2013 2014
Manhattan Bch Sand 1,514,500 2,200,000 2,850,000
Manhattan Bch Tree 1,232,500 2,049,000 1,597,500
Manhattan Bch Hill 1,050,000 2,550,000 4,088,980
Manhattan Village 1,175,000 1,327,500 1,127,500
Manhattan Bch Heights/Lib Vlg 900,000 900,000 1,250,000
Manhattan Bch Mira Costa 1,249,000 1,580,000 1,900,000
Market Median Sales Price 1,249,000 1,987,000 2,200,000
-
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
2012 2013 2014
Median Sales Price Year-to-Year by Map Area: November
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 15 15 17 13 19 24 23 30 24 20 13
Manhattan Bch Tree 10 10 21 28 21 19 14 13 12 17 10
Manhattan Bch Hill 5 6 10 10 12 6 6 5 7 9 9
Manhattan Village - 2 5 7 7 9 8 6 10 9 7
Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6 5 4 5 6 4
Manhattan Bch Mira Costa 8 7 13 20 24 19 22 18 17 16 11
Total Active Listings 45 49 73 88 85 83 78 76 75 77 54
-
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
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 15 15 17 13 19 24 23 30 24 20 13
Manhattan Bch Tree 10 10 21 28 21 19 14 13 12 17 10
Manhattan Bch Hill 5 6 10 10 12 6 6 5 7 9 9
Manhattan Village - 2 5 7 7 9 8 6 10 9 7
Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6 5 4 5 6 4
Manhattan Bch Mira Costa 8 7 13 20 24 19 22 18 17 16 11
Total Active Listings 45 49 73 88 85 83 78 76 75 77 54
Total Sales 15 22 33 45 43 42 36 39 27 40 35
Sales/Listings Ratio 33.3% 44.9% 45.2% 51.1% 50.6% 50.6% 46.2% 51.3% 36.0% 51.9% 64.8%
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10
20
30
40
50
60
70
80
90
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2012 2013 2014
Manhattan Bch Sand 32 17 13
Manhattan Bch Tree 18 12 10
Manhattan Bch Hill 8 6 9
Manhattan Village 7 2 7
Manhattan Bch Heights/Lib Vlg 8 5 4
Manhattan Bch Mira Costa 23 9 11
Total Active Listings 96 51 54
0
10
20
30
40
50
60
70
80
90
100
2012 2013 2014
Active Listings Year-to-Year by Map Area: November
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 3.8 1.4 2.4 1.1 1.9 3.0 3.8 2.3 2.4 2.0 1.0
Manhattan Bch Tree 3.3 2.5 2.3 2.6 1.3 1.1 1.1 1.4 2.4 1.4 2.5
Manhattan Bch Hill 5.0 3.0 2.5 1.1 12.0 1.5 3.0 2.5 3.5 9.0 3.0
Manhattan Village - - 2.5 7.0 2.3 3.0 2.0 1.5 10.0 3.0 1.8
Manhattan Bch Heights/Lib Vlg 3.5 4.5 1.4 1.7 0.3 3.0 5.0 1.0 1.3 1.2 1.3
Manhattan Bch Mira Costa 2.7 2.3 2.2 3.3 4.0 2.7 2.2 2.6 3.4 1.8 1.4
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2.0
4.0
6.0
8.0
10.0
12.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 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
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 2.8 1.9 1.5
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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
2012
2013
2014
Outlook for December
Despite the distraction of holiday festivities the Manhattan Beach real estate market produced fairly
respectable stats in November, with 4.4% or $92.5K increase in the market median sales price and
24.9% bump in the sales/listing ratio. Trending counter to this news, however, included a 12.5%
reduction in total properties sold and 23% drop in new listings. “Am I surprised?” you ask. Not at all; in
fact, I speculated this likelihood would occur last month. Furthermore, given this data and the time of
year I expect to see similar performance numbers for December.
Nevertheless, while mortgage money remains relatively inexpensive, a situation that may change for the
worse sometime in 2015, see http://www.reuters.com/article/2014/12/05/us-usa-fed-mester-
idUSKCN0JJ24620141205, right now is a great time for buyers to secure loan approval and begin writing
purchase offers. For assistance, please give me a call today.
Your recap…
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Month-to-Month Comparison Oct 2014 Nov 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 40 35 -5 -12.5%
Median Sales Price 2,107,500 2,200,000 92,500 4.4%
Median Days to Sell 33 43 10 30.3%
Listings 77 54 -23 -29.9%
Sales/Listing Ratio 51.9% 64.8% 0.129 24.9%
Months of Inventory 1.9 1.5 -0.4 -21.1%
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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Hady Chahine…
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