december 2015 manhattan beach real estate market trends update
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Table of
Contents
Key Statistics for December
Sales 2015 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2015 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2015 Active Listings by Map Area 2015 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2015 Months of Inventory by Map Area Year-to-Year Months of Inventory
Summary
About Hady Chahine Contact Information
Key Statistics for December
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Nov 2015 Dec 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 22 27 5 22.7%
Median Sales Price 2,262,500 2,218,000 (44,500) -2.0%
Median Days to Sell 39 56 17 43.6%
Listings 86 62 -24 -27.9%
Sales/Listing Ratio 25.6% 43.5% 0.179 69.9%
Months of Inventory 4.0 2.0 -2.0 -50.0%
Monthly Comparison Year-to-Year Dec 2014 Dec 2015 Delta Delta Increase Decrease
Total Sales 37 27 -10 -27.0%
Median Sales Price 1,780,000 2,218,000 438,000 24.6%
Median Days to Sell 32 56 24 75.0%
Listings 45 62 17 37.8%
Months of Inventory 1.1 2.0 0.9 81.8%
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Total Sales Month-to-Month by Map Area Oct Nov Dec
Manhattan Bch Sand 11 4 8
Manhattan Bch Tree 5 8 5
Manhattan Bch Hill 2 - 5
Manhattan Village 2 1 1
Manhattan Bch Heights/Lib Vlg 5 2 1
Manhattan Bch Mira Costa 7 7 7
Total Sales 32 22 27
-
5
10
15
20
25
30
35
Oct Nov Dec
2015 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 2013 2014 2015
Manhattan Bch Sand 7 11 8
Manhattan Bch Tree 5 11 5
Manhattan Bch Hill 3 1 5
Manhattan Village 2 1 1
Manhattan Bch Heights/Lib Vlg 6 4 1
Manhattan Bch Mira Costa 5 9 7
Total Sales 28 37 27
-
5
10
15
20
25
30
35
40
2013 2014 2015
Total Sales Year-to-Year by Map Area: December
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 Oct Nov Dec
Manhattan Bch Sand 3,575,000 3,127,500 2,642,500
Manhattan Bch Tree 1,600,000 2,031,250 1,890,000
Manhattan Bch Hill 3,450,000 - 3,275,000
Manhattan Village 1,862,500 1,150,000 885,000
Manhattan Bch Heights/Lib Vlg 1,765,000 1,163,500 1,140,000
Manhattan Bch Mira Costa 1,479,000 2,550,000 2,236,000
Market Median Sales Price 2,080,000 2,262,500 2,218,000
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
Oct Nov Dec
2015 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 2013 2014 2015
Manhattan Bch Sand 1,999,000 2,400,000 2,642,500
Manhattan Bch Tree 1,790,000 1,950,000 1,890,000
Manhattan Bch Hill 3,800,000 1,300,000 3,275,000
Manhattan Village 982,500 875,000 885,000
Manhattan Bch Heights/Lib Vlg 811,250 1,300,000 1,140,000
Manhattan Bch Mira Costa 1,250,000 1,549,000 2,236,000
Market Median Sales Price 1,395,000 1,780,000 2,218,000
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
2013 2014 2015
Median Sales Price Year-to-Year by Map Area: December
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 14 19 28 23 26 24 34 32 32 32 30 23
Manhattan Bch Tree 16 14 20 20 22 20 19 20 20 23 17 11
Manhattan Bch Hill 2 3 5 6 10 11 14 11 11 10 9 5
Manhattan Village 6 5 4 3 3 4 2 1 - 2 2 2
Manhattan Bch Heights/Lib Vlg 4 5 6 8 6 10 9 8 8 4 4 2
Manhattan Bch Mira Costa 13 11 14 10 15 21 20 22 21 21 24 19
Total Active Listings 55 57 77 70 82 90 98 94 92 92 86 62
-
5
10
15
20
25
30
35
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 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 14 19 28 23 26 24 34 32 32 32 30 23
Manhattan Bch Tree 16 14 20 20 22 20 19 20 20 23 17 11
Manhattan Bch Hill 2 3 5 6 10 11 14 11 11 10 9 5
Manhattan Village 6 5 4 3 3 4 2 1 - 2 2 2
Manhattan Bch Heights/Lib Vlg 4 5 6 8 6 10 9 8 8 4 4 2
Manhattan Bch Mira Costa 13 11 14 10 15 21 20 22 21 21 24 19
Total Active Listings 55 57 77 70 82 90 98 94 92 92 86 62
Total Sales 21 19 34 31 36 35 32 30 38 32 22 27
Sales/Listings Ratio 38.2% 33.3% 44.2% 44.3% 43.9% 38.9% 32.7% 31.9% 41.3% 34.8% 25.6% 43.5%
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10
20
30
40
50
60
70
80
90
100
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2013 2014 2015
Manhattan Bch Sand 14 9 23
Manhattan Bch Tree 10 9 11
Manhattan Bch Hill 3 7 5
Manhattan Village 1 7 2
Manhattan Bch Heights/Lib Vlg 2 3 2
Manhattan Bch Mira Costa 6 10 19
Total Active Listings 36 45 62
-
10
20
30
40
50
60
70
2013 2014 2015
Active Listings Year-to-Year by Map Area: December
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 2.3 6.3 2.3 2.6 2.4 3.0 9.0 4.0 2.0 3.0 8.0 3.0
Manhattan Bch Tree 16.0 2.3 3.3 2.0 1.4 2.0 2.0 4.0 1.0 5.0 2.0 2.0
Manhattan Bch Hill 0.7 1.5 5.0 6.0 - 3.0 14.0 4.0 4.0 5.0 - 1.0
Manhattan Village 2.0 2.5 1.0 1.5 3.0 2.0 1.0 1.0 - 1.0 2.0 2.0
Manhattan Bch Heights/Lib Vlg 2.0 1.7 1.5 2.7 1.5 5.0 1.0 2.0 2.0 1.0 2.0 2.0
Manhattan Bch Mira Costa 2.2 3.7 2.0 1.7 3.8 2.0 2.0 3.0 7.0 3.0 3.0 3.0
-
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 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
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 1.1
2015 2.6 3.0 2.3 2.3 2.3 3.0 3.0 3.0 2.0 3.0 4.0 2.0
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory Year-to-Year
2013
2014
2015
Summary Real estate activity in Manhattan Beach for the month of December was marginally encouraging as total sales climbed 22.7%
while the sales-listing ratio spiked 69.9%. Month-to-month metrics that moved in the opposite direction, however, included the
median sales price (-2.0%), the median days to sell (+43.6%), and net listings (-27.9%). The most notable year-over-year data point
for December is the median sales price, which climbed 24.6% or $438K.
In the news… According to C.A.R., “For 2015 as a whole, a preliminary figure of 407,060 single-family homes closed escrow in
California, up 6.4 percent from a revised 382,720 in 2014.”
http://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standard
Please contact me today to schedule a free listing CMA or a buyer pre-purchase evaluation. And remember, when selecting a
realtor it doesn’t cost you more to work with the best.
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Month-to-Month Comparison Nov 2015 Dec 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 22 27 5 22.7%
Median Sales Price 2,262,500 2,218,000 (44,500) -2.0%
Median Days to Sell 39 56 17 43.6%
Listings 86 62 -24 -27.9%
Sales/Listing Ratio 25.6% 43.5% 0.179 69.9%
Months of Inventory 4.0 2.0 -2.0 -50.0%
Monthly Comparison Year-to-Year Dec 2014 Dec 2015 Delta Delta Increase Decrease
Total Sales 37 27 -10 -27.0%
Median Sales Price 1,780,000 2,218,000 438,000 24.6%
Median Days to Sell 32 56 24 75.0%
Listings 45 62 17 37.8%
Months of Inventory 1.1 2.0 0.9 81.8%
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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About
Hady Chahine…
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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
Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy
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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• 310-404-5361
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