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Manhattan BeachResidential Real Estate
Market ConditionsJuly 2014
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Table ofContents
Key Statistics for July
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 August
About Hady Chahine
Contact Information
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Key Statistics for July
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Jun 2014 Jul 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 42 36 -6 -14.3%
Median Sales Price 1,902,500 1,927,500 25,000 1.3%
Median Days to Sell 39 43 4 10.3%
Listings 83 78 -5 -6.0%
Sales/Listing Ratio 50.6% 46.2% -0.044 -8.7%
Months of Inventory 2.7 2.0 -0.7 -25.9%
Monthly Comparison Year-to-Year Jul 2013 Jul 2014 Delta Delta Increase Decrease
Total Sales 45 36 -9 -20.0%
Median Sales Price 1,540,000 1,927,500 387,500 25.2%
Median Days to Sell 33 43 10 30.3%
Listings 94 78 -16 -17.0%
Months of Inventory 2.1 2.2 0.1 4.8%
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Total Sales Month-to-Month by Map Area May Jun Jul
Manhattan Bch Sand 10 8 6
Manhattan Bch Tree 16 18 13
Manhattan Bch Hill 1 4 2
Manhattan Village 3 3 4
Manhattan Bch Heights/Lib Vlg 7 2 1
Manhattan Bch Mira Costa 6 7 10Total Sales 43 42 36
0
5
10
15
20
25
30
35
40
45
May Jun Jul
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 12 15 6
Manhattan Bch Tree 11 12 13
Manhattan Bch Hill 3 3 2
Manhattan Village 5 1 4
Manhattan Bch Heights/Lib Vlg 2 4 1
Manhattan Bch Mira Costa 8 10 10Total Sales 41 45 36
0
5
10
15
20
25
30
35
40
45
2012 2013 2014
Total Sales Year-to-Year by Map Area: July
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 May Jun Jul
Manhattan Bch Sand 2,150,000 1,855,000 2,880,000
Manhattan Bch Tree 2,045,000 2,112,500 2,050,000
Manhattan Bch Hill 3,890,000 3,465,000 2,605,000
Manhattan Village 1,650,000 1,618,000 1,365,000
Manhattan Bch Heights/Lib Vlg 1,500,000 1,260,500 1,385,000
Manhattan Bch Mira Costa 1,850,000 1,915,000 1,562,500Market Median Sales Price 1,995,000 1,902,500 1,927,500
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
May Jun Jul
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 1,641,250 1,930,000 2,880,000
Manhattan Bch Tree 1,575,000 1,507,500 2,050,000
Manhattan Bch Hill 3,400,000 1,400,000 2,605,000
Manhattan Village 790,000 875,000 1,365,000
Manhattan Bch Heights/Lib Vlg 797,000 1,140,000 1,385,000
Manhattan Bch Mira Costa 1,075,000 1,525,000 1,562,500Market Median Sales Price 1,300,000 1,540,000 1,927,500
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
2012 2013 2014
Median Sales Price Year-to-Year by Map Area: July
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
Manhattan Bch Tree 10 10 21 28 21 19 14
Manhattan Bch Hill 5 6 10 10 12 6 6
Manhattan Village - 2 5 7 7 9 8
Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6 5
Manhattan Bch Mira Costa 8 7 13 20 24 19 22
Total Active Listings 45 49 73 88 85 83 78
-
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 HillManhattan 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
Manhattan Bch Tree 10 10 21 28 21 19 14
Manhattan Bch Hill 5 6 10 10 12 6 6
Manhattan Village - 2 5 7 7 9 8
Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6 5
Manhattan Bch Mira Costa 8 7 13 20 24 19 22
Total Active Listings 45 49 73 88 85 83 78
Total Sales 15 22 33 45 43 42 36
Sales/Listings Ratio 33.3% 44.9% 45.2% 51.1% 50.6% 50.6% 46.2%
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10
2030
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 ListingsTotal Sales
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Active Listings Year-to-Year by Map Area 2012 2013 2014
Manhattan Bch Sand 45 26 23
Manhattan Bch Tree 24 24 14
Manhattan Bch Hill 12 14 6
Manhattan Village 4 5 8
Manhattan Bch Heights/Lib Vlg 8 7 5
Manhattan Bch Mira Costa 28 18 22Total Active Listings 121 94 78
0
20
40
60
80
100
120
140
2012 2013 2014
Active Listings Year-to-Year by Map Area: July
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
Manhattan Bch Tree 3.3 2.5 2.3 2.6 1.3 1.1 1.1
Manhattan Bch Hill 5.0 3.0 2.5 1.1 12.0 1.5 3.0
Manhattan Village - - 2.5 7.0 2.3 3.0 2.0
Manhattan Bch Heights/Lib Vlg 3.5 4.5 1.4 1.7 0.3 3.0 5.0
Manhattan Bch Mira Costa 2.7 2.3 2.2 3.3 4.0 2.7 2.2
-
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 TreeManhattan 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
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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
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Outlook for August
In summary, the Manhattan Beach real estate market trended rather consistent during the month of Julywith respect to June. While some performance indicators dropped slightly, such as total sales, mediandays to sell, and listings, other measurements improved, such as the median sales price and months ofinventory. The most glaring improvement, however, was the year-over-year median sales price, whichincreased 25.2% or $387,500.
With this in mind, it is reasonable to assume the month of August will produce similar results givenmortgage money remains relatively cheap, housing inventories are competitive, and banks continue tomake loans to qualified buyers. If you are in the market to buy or sell, please do not hesitate to give mea call so we can discuss how I can be of service to you.
Your recap
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Month-to-Month Comparison Jun 2014 Jul 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 42 36 -6 -14.3%
Median Sales Price 1,902,500 1,927,500 25,000 1.3%
Median Days to Sell 39 43 4 10.3%
Listings 83 78 -5 -6.0%
Sales/Listing Ratio 50.6% 46.2% -0.044 -8.7%
Months of Inventory 2.7 2.0 -0.7 -25.9%
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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
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About
Hady Chahine
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The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitors personal, non-commercial use and may not be used forany 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 InternetData 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 accuracyof 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 personalinspection by and/or with the appropriate professionals.
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