manhattan beach real estate market conditions - december 2015

7/25/2019 Manhattan Beach Real Estate Market Conditions - December 2015

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Manhattan BeachResidential Real Estate

Market ConditionsDecember 2015
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Table ofContents

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

Listings2015 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

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Key Statistics for December

Back to Table of Contents

= 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%


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 7Total Sales 32 22 27

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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 Hill 3 1 5



Manhattan Bch Mira Costa 5 9 7Total Sales 28 37 27

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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 VillageManhattan Bch Heights/Lib Vlg


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 2,236,000Market 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



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 2,236,000Market 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



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 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





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


2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2013 2014 2015



Manhattan Bch Hill 3 7 5



Manhattan Bch Mira Costa 6 10 19Total Active Listings 36 45 62

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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



Total Active Listings



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

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2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0


2015 Months of Inventory by Map Area

Manhattan Bch SandManhattan 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

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

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0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


Months of Inventory Year-to-Year

2013

2014

2015


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SummaryReal 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 arealtor it doesnt cost you more to work with the best.


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%


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%


Listings 45 62 17 37.8%

Months of Inventory 1.1 2.0 0.9 81.8%
http://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standardhttp://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standardhttp://hadychahine.com/http://hadychahine.com/


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About

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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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manhattan beach real estate market conditions - december 2015

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