november 2016 manhattan beach real estate market trends update

Manhattan Beach Residential Real Estate

Market Conditions November 2016

http://hadychahine.com/

Table of

Contents

Key Statistics for November

Sales 2016 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2016 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2016 Active Listings by Map Area 2016 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2016 Months of Inventory by Map Area Year-to-Year Months of Inventory

Summary

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Key Statistics for November

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Oct 2016 Nov 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 41 33 -8 -19.5%

Median Sales Price 2,250,000 1,900,000 (350,000) -15.6%

Median Days to Sell 21 34 13 61.9%

Listings 121 109 -12 -9.9%

Sales/Listing Ratio 33.9% 30.3% -0.036 -10.6%

Months of Inventory 3.0 3.0 0.0 0.0%

Monthly Comparison Year-to-Year Nov 2015 Nov 2016 Delta Delta Increase Decrease

Total Sales 23 33 10 43.5%


Median Days to Sell 39 34 -5 -12.8%

Listings 89 109 20 22.5%

Months of Inventory 4.0 3.0 -1 -25.0%



Total Sales Month-to-Month by Map Area Sep Oct Nov

Manhattan Bch Sand 8 9 6

Manhattan Bch Tree 12 14 3

Manhattan Bch Hill 1 4 5

Manhattan Village - - 5

Manhattan Bch Heights/Lib Vlg 7 8 1

Manhattan Bch Mira Costa 10 6 13

Total Sales 38 41 33

-

5

10

15

20

25

30

35

40

45

Sep Oct Nov

2016 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 2014 2015 2016



Manhattan Bch Hill 3 - 5

Manhattan Village 4 1 5



Total Sales 35 23 33

-

5

10

15

20

25

30

35

2014 2015 2016

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Sales



Median Sales Price Month-to-Month by Map Area Sep Oct Nov

Manhattan Bch Sand 2,500,000 2,250,000 2,222,500

Manhattan Bch Tree 2,315,000 2,975,000 2,700,000

Manhattan Bch Hill 2,870,000 2,100,000 1,875,000

Manhattan Village - - 1,255,000

Manhattan Bch Heights/Lib Vlg 1,529,000 1,702,500 1,652,500

Manhattan Bch Mira Costa 1,887,500 1,845,000 1,950,000

Market Median Sales Price 2,200,000 2,250,000 1,900,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

Sep Oct Nov

2016 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 2014 2015 2016

Manhattan Bch Sand 2,850,000 3,450,000 2,222,500

Manhattan Bch Tree 1,597,500 2,031,250 2,700,000

Manhattan Bch Hill 4,088,980 - 1,875,000

Manhattan Village 1,127,500 1,150,000 1,255,000

Manhattan Bch Heights/Lib Vlg 1,250,000 1,163,500 1,652,500

Manhattan Bch Mira Costa 1,900,000 2,550,000 1,950,000

Market Median Sales Price 2,200,000 2,325,000 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

4,500,000

2014 2015 2016

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

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 Bch Sand 31 35 37 45 53 58 47 45 45 46 37

Manhattan Bch Tree 16 24 40 31 34 37 34 31 28 26 25

Manhattan Bch Hill 8 12 13 16 17 15 15 12 15 15 15

Manhattan Village 3 3 4 6 7 6 3 4 3 1 2

Manhattan Bch Heights/Lib Vlg 4 9 10 11 15 13 17 11 10 10 10

Manhattan Bch Mira Costa 19 14 16 21 23 28 32 29 28 23 20

Total Active Listings 81 97 120 130 149 157 148 132 129 121 109

-

10

20

30

40

50

60

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

2016 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

Manhattan Bch Sand 31 35 37 45 53 58 47 45 45 46 37

Manhattan Bch Tree 16 24 40 31 34 37 34 31 28 26 25

Manhattan Bch Hill 8 12 13 16 17 15 15 12 15 15 15

Manhattan Village 3 3 4 6 7 6 3 4 3 1 2

Manhattan Bch Heights/Lib Vlg 4 9 10 11 15 13 17 11 10 10 10

Manhattan Bch Mira Costa 19 14 16 21 23 28 32 29 28 23 20

Total Active Listings 81 97 120 130 149 157 148 132 129 121 109

Total Sales 15 21 34 31 43 39 31 39 38 41 33

Sales/Listings Ratio 18.5% 21.6% 28.3% 23.8% 28.9% 24.8% 20.9% 29.5% 29.5% 33.9% 30.3%

-

20

40

60

80

100

120

140

160


2016 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2014 2015 2016



Manhattan Bch Hill 5 8 15

Manhattan Village 9 2 2



Total Active Listings 58 89 109

-

20

40

60

80

100

120

2014 2015 2016

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

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 31.0 5.0 4.0 11.0 4.0 8.0 5.0 3.0 6.0 5.0 6.0

Manhattan Bch Tree 2.0 8.0 5.0 2.0 2.0 3.0 4.0 3.0 2.0 2.0 8.0

Manhattan Bch Hill - 6.0 2.0 16.0 4.0 8.0 15.0 3.0 15.0 4.0 3.0

Manhattan Village 3.0 3.0 2.0 2.0 4.0 6.0 2.0 - - - -

Manhattan Bch Heights/Lib Vlg 2.0 3.0 10.0 4.0 4.0 2.0 6.0 4.0 1.0 1.0 10.0

Manhattan Bch Mira Costa 5.0 3.0 2.0 5.0 5.0 4.0 4.0 3.0 3.0 4.0 2.0

-

5.0

10.0

15.0

20.0

25.0

30.0

35.0


2016 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

2014 4.0 3.0 3.0 2.0 2.0 2.0 3.0 2.0 3.0 2.0 2.0 1.0

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

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0


Months of Inventory Year-to-Year

2014

2015

2016


Summary Investment in Manhattan Beach real estate during November proved a total disappointment as major data points posted

negative numbers including but not limited to total sales (-19.5%), median sales price (-15.6%), net listings (-9.9%), and the sales-

listing ratio (-10.6%). Year-over-year months of inventory dropped 25% from 2015 to 2016.

In November, C.A.R. reported ““California’s housing market showed signs of cooling competition with fewer price reductions

and properties receiving multiple offers dropping for the seventh straight month.”

http://www.car.org/newsstand/newsreleases/2016releases/oct2016pending?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.


Monthly Comparison Year-to-Year Nov 2015 Nov 2016 Delta Delta Increase Decrease

Total Sales 23 33 10 43.5%


Median Days to Sell 39 34 -5 -12.8%

Listings 89 109 20 22.5%

Months of Inventory 4.0 3.0 -1 -25.0%

Month-to-Month Comparison Oct 2016 Nov 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 41 33 -8 -19.5%


Median Days to Sell 21 34 13 61.9%

Listings 121 109 -12 -9.9%

Sales/Listing Ratio 33.9% 30.3% -0.036 -10.6%

Months of Inventory 3.0 3.0 0.0 0.0%

http://www.car.org/newsstand/newsreleases/2016releases/oct2016pending?view=Standard


Serving South Bay Home Buyers and Sellers Since 2001

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RE/MAX 100% Club - 2011

Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010


About

Hady Chahine…


The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for

any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet

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of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal

inspection by and/or with the appropriate professionals.


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