february 2014 manhattan beach real estate market trends update

Manhattan Beach Residential Real Estate

Market Conditions February 2014

http://hhcrealestate.com/

Table of

Contents

Key Statistics for February

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 March

About the Mother & Son South Bay Real Estate Team Contact Information


Key Statistics for February

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Jan 2014 Feb 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 15 22 7 46.7%

Median Sales Price 2,152,000 1,952,500 (199,500) -9.3%

Median Days to Sell 34 24 -10 -29.4%

Listings 45 49 4 8.9%

Sales/Listing Ratio 33.3% 44.9% 0.116 34.8%

Months of Inventory 3.0 2.2 -0.8 -26.7%

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


Median Sales Price 1,162,000 1,952,500 790,500 68.0%


Listings 74 49 -25 -33.8%




2014 Residential Sales by Map Area Jan Feb

Manhattan Bch Sand 4 11

Manhattan Bch Tree 3 4

Manhattan Bch Hill 1 2

Manhattan Village 2 0

Manhattan Bch Heights/Lib Vlg 2 2

Manhattan Bch Mira Costa 3 3

Total Sales 15 22

0

2

4

6

8

10

12

Jan Feb

2014 Residential Sales Statistics: February

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa



Sales by Map Area: Year-to-Year for February 2012 2013 2014

Manhattan Bch Sand 8 7 11

Manhattan Bch Tree 7 3 4

Manhattan Bch Hill 1 3 2

Manhattan Village 1 3 0

Manhattan Bch Heights/Lib Vlg 1 3 2

Manhattan Bch Mira Costa 1 3 3

Total Sales 19 22 22

0

2

4

6

8

10

12

2012 2013 2014

Total Sales by Map Area: Year-to-Year for February

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village





2014 Median Sales Price by Map Area Jan Feb

Manhattan Bch Sand 3,075,000 2,005,000

Manhattan Bch Tree 2,135,000 2,181,000

Manhattan Bch Hill 2,300,000 2,157,500

Manhattan Village 918,750 -

Manhattan Bch Heights/Lib Vlg 1,820,000 1,257,500

Manhattan Bch Mira Costa 1,900,000 1,640,000

Market Median Sales Price 2,152,000 1,952,500

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

Jan Feb

2014 Median Sales Price Statistics: February

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Market Median Sales Price



Median Sales Price by Map Area: Year-to-Year for February 2012 2013 2014

Manhattan Bch Sand 1,637,500 1,925,000 2,005,000

Manhattan Bch Tree 1,750,000 2,010,000 2,181,000

Manhattan Bch Hill 1,100,000 939,094 2,157,500

Manhattan Village 725,000 790,000 -

Manhattan Bch Heights/Lib Vlg 950,000 910,000 1,257,500

Manhattan Bch Mira Costa 1,710,000 605,000 1,640,000

Market Median Sales Price 1,625,000 1,162,000 1,952,500

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

2012 2013 2014

Median Sales Price by Map Area: Year-to-Year for February

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Market Median Sales Price



2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec




Manhattan Village - 2



Total Active Listings 45 49

-

2

4

6

8

10

12

14

16

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





2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec




Manhattan Village - 2



Total Active Listings 45 49

Total Sales 15 22

Sales/Listings Ratio 33.3% 44.9%

-

5

10

15

20

25

30

35

40

45

50


2014 Total Active Listings vs. Total Sales

Total Active Listings Total Sales



Active Listings by Map Area: Year-to-Year for February 2012 2013 2014

Manhattan Bch Sand 49 30 15

Manhattan Bch Tree 21 11 10

Manhattan Bch Hill 12 4 6

Manhattan Village 4 4 2

Manhattan Bch Heights/Lib Vlg 8 10 9

Manhattan Bch Mira Costa 21 15 7

Total Active Listings 115 74 49

0

5

10

15

20

25

30

35

40

45

50

2012 2013 2014

Active Listings by Map Area: Year-to-Year for February

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village





2014 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

Manhattan Bch Tree 3.3 2.5

Manhattan Bch Hill 5.0 3.0

Manhattan Village - -

Manhattan Bch Heights/Lib Vlg 3.5 4.5

Manhattan Bch Mira Costa 2.7 2.3

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0


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

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0


Months of Inventory: Year-to-Year

2012

2013

2014


Outlook for March

Manhattan Beach real estate activity picked up in February with positive trending stats logged for total

sales, medial days to sell, listings, sales/listing ratio, and months of inventory. Although the median

sales price dropped about 9% based on a month-to-month comparison, the year-over-year statistic for

February shows a 63% improvement or $790,500K.

With this in mind, expectations are high for March. The only possible drawback to better-than-average

performance figures is what influence, if any, the tax season will have on buyer’s behavior. Though, the

flip side to this coin is receiving a tax return and using the money to increase purchasing power. The

sound of this latter scenario I like!

Your recap…


Month-to-Month Comparison Jan 2014 Feb 2014 Delta (qty) Delta (%) Increase Decrease


Median Sales Price 2,152,000 1,952,500 (199,500) -9.3%


Listings 45 49 4 8.9%

Sales/Listing Ratio 33.3% 44.9% 0.116 34.8%



About the Mother & Son

South Bay Real Estate

Team…

Serving South Bay Home Buyers and Sellers Since 1989

RE/MAX Top 4 Team in California – 2012

RE/MAX 100% Club - 2011

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

Shorewood Realtors Top Producing Agent (Hassana 1989-2001)

ABR, RS, GRI, BPOR, SBAOR, CAR, NAR, IRES



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Hady Chahine [email protected]

310-404-5361

Hassana Chahine [email protected]

310-756-8949

Listings MLS BLOG Website



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