Manhattan Beach

Residential Real Estate

Market Conditions
November 2014

Key Statistics for November

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

Table of
Contents

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 December

About Hady Chahine

Contact Information

Key Statistics for November

Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory

Oct 2014

Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory

Nov 2013
30
1,987,000
49
51
1.5

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40
2,107,500
33
77
51.9%
1.9

Nov 2014
Delta (qty)
35
-5
2,200,000
92,500
43
10
54
-23
64.8%
0.129
1.5
-0.4

Nov 2014
35
2,200,000
43
54
1.5

Delta
5
213,000
-6
3
0

Delta (%)
-12.5%
4.4%
30.3%
-29.9%
24.9%
-21.1%

Increase

Decrease

Delta
16.7%
10.7%
-12.2%
5.9%
0.0%

Increase

Decrease

= trending positive

= trending positive

= trending negative

= trending negative

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

Sep
10
5
2
1
4
5
27

Oct
10
12
1
3
5
9
40

Nov
13
4
3
4
3
8
35

2014 Total Sales Month-to-Month by Map Area

40
35
30

25

Manhattan Bch Sand

Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Sales

20
15
10
5
0
Sep

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Oct

Nov

Total Sales Year-to-Year 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

2012
14
12
3
3
7
7
46

2013
9
9
3
2
1
6
30

2014
13
4
3
4
3
8
35

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

50
45
40
35
Manhattan Bch Sand

30

Manhattan Bch Tree

25

Manhattan Bch Hill

20

Manhattan Village
Manhattan Bch Heights/Lib Vlg

15

Manhattan Bch Mira Costa

10

Total Sales

5
0
2012

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2013

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

Sep
2,387,500
1,910,000
2,205,000
1,375,000
1,362,500
1,700,000
1,710,000

Oct
2,500,000
2,226,000
2,999,000
1,150,000
1,510,000
1,869,000
2,107,500

Nov
2,850,000
1,597,500
4,088,980
1,127,500
1,250,000
1,900,000
2,200,000

2014 Median Sales Price Month-to-Month by Map Area

4,500,000
4,000,000
3,500,000
3,000,000
Manhattan Bch Sand
2,500,000

Manhattan Bch Tree

Manhattan Bch Hill

2,000,000

Manhattan Village

1,500,000

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

1,000,000

Market Median Sales Price

500,000
Sep

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Oct

Nov

Median Sales Price Year-to-Year 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

2012
1,514,500
1,232,500
1,050,000
1,175,000
900,000
1,249,000
1,249,000

2013
2,200,000
2,049,000
2,550,000
1,327,500
900,000
1,580,000
1,987,000

2014
2,850,000
1,597,500
4,088,980
1,127,500
1,250,000
1,900,000
2,200,000

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

4,500,000
4,000,000
3,500,000
Manhattan Bch Sand

3,000,000

Manhattan Bch Tree

2,500,000

Manhattan Bch Hill

2,000,000

Manhattan Village
Manhattan Bch Heights/Lib Vlg

1,500,000

Manhattan Bch Mira Costa

1,000,000

Market Median Sales Price

500,000
-

2012

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2013

2014

2014 Active Listings by Map Area

30

25
20
Manhattan Bch Sand
Manhattan Bch Tree

15

Manhattan Bch Hill

Manhattan Village

10

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

5
Jan

Active Listings vs. Total Sales by Map Area

Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Active Listings
Back to Table of Contents

Feb

Jan
15
10
5
7
8
45

Mar

Feb
15
10
6
2
9
7
49

Apr

Mar
17
21
10
5
7
13
73

May

Apr
13
28
10
7
10
20
88

Jun

May
19
21
12
7
2
24
85

Jul

Jun
24
19
6
9
6
19
83

Aug

Jul
23
14
6
8
5
22
78

Sep

Aug
30
13
5
6
4
18
76

Sep
24
12
7
10
5
17
75

Oct

Oct
20
17
9
9
6
16
77

Nov

Nov
13
10
9
7
4
11
54

Dec

Dec

2014 Total Active Listings vs. Total Sales

90
80
70
60
50

40
30
Total Active Listings
Total Sales

20
10
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Active Listings vs. Total Sales by Map Area

Jan
Feb Mar Apr May Jun
Jul
Aug Sep Oct Nov
Manhattan Bch Sand
15
15
17
13
19
24
23
30
24
20
13
Manhattan Bch Tree
10
10
21
28
21
19
14
13
12
17
10
Manhattan Bch Hill
5
6
10
10
12
6
6
5
7
9
9
Manhattan Village
2
5
7
7
9
8
6
10
9
7
Manhattan Bch Heights/Lib Vlg
7
9
7
10
2
6
5
4
5
6
4
Manhattan Bch Mira Costa
8
7
13
20
24
19
22
18
17
16
11
Total Active Listings
45
49
73
88
85
83
78
76
75
77
54
Total Sales
15
22
33
45
43
42
36
39
27
40
35
Sales/Listings Ratio 33.3% 44.9% 45.2% 51.1% 50.6% 50.6% 46.2% 51.3% 36.0% 51.9% 64.8%
Back to Table of Contents

Dec

Active Listings Year-to-Year by Map Area

Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Active Listings

2012
32
18
8
7
8
23
96

2013
17
12
6
2
5
9
51

2014
13
10
9
7
4
11
54

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

100
90
80
70
Manhattan Bch Sand

60

Manhattan Bch Tree

50

Manhattan Bch Hill

40

Manhattan Village
Manhattan Bch Heights/Lib Vlg

30

Manhattan Bch Mira Costa

20

Total Active Listings

10
0
2012

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2013

2014

2014 Months of Inventory by Map Area

12.0
10.0
8.0
Manhattan Bch Sand

6.0

Manhattan Bch Tree

Manhattan Bch Hill

4.0

Manhattan Village
Manhattan Bch Heights/Lib Vlg

2.0

Manhattan Bch Mira Costa

Jan

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
Back to Table of Contents

Jan
3.8
3.3
5.0
3.5
2.7

Feb

Feb
1.4
2.5
3.0
4.5
2.3

Mar

Mar
2.4
2.3
2.5
2.5
1.4
2.2

Apr

Apr
1.1
2.6
1.1
7.0
1.7
3.3

May

May
1.9
1.3
12.0
2.3
0.3
4.0

Jun

Jul

Aug

Jun
3.0
1.1
1.5
3.0
3.0
2.7

Jul
3.8
1.1
3.0
2.0
5.0
2.2

Aug
2.3
1.4
2.5
1.5
1.0
2.6

Sep

Sep
2.4
2.4
3.5
10.0
1.3
3.4

Oct

Oct
2.0
1.4
9.0
3.0
1.2
1.8

Nov

Nov
1.0
2.5
3.0
1.8
1.3
1.4

Dec

Dec

Months of Inventory Year-to-Year

7.0
6.0
5.0
4.0

3.0
2012
2013

2014

2.0
1.0
-

Jan

Feb

Months of Inventory Year-to-Year

2012
2013
2014
Back to Table of Contents

Mar

Jan
6.8
2.9
3.0

Apr

Feb
6.1
3.4
2.2

May

Mar
2.4
2.0
2.2

Jun

Apr
2.6
1.7
2.0

Jul

May
2.8
1.8
2.0

Aug

Jun
2.9
2.5
2.0

Sep

Jul
3.0
2.1
2.2

Aug
2.4
2.0
2.0

Oct

Nov

Sep
4.1
2.2
2.8

Oct
3.2
2.0
1.9

Dec

Nov
2.1
1.5
1.5

Dec
1.9
0.8

Outlook for December

Despite the distraction of holiday festivities the Manhattan Beach real estate market produced fairly
respectable stats in November, with 4.4% or $92.5K increase in the market median sales price and
24.9% bump in the sales/listing ratio. Trending counter to this news, however, included a 12.5%
reduction in total properties sold and 23% drop in new listings. Am I surprised? you ask. Not at all; in
fact, I speculated this likelihood would occur last month. Furthermore, given this data and the time of
year I expect to see similar performance numbers for December.
Nevertheless, while mortgage money remains relatively inexpensive, a situation that may change for the
worse sometime in 2015, see http://www.reuters.com/article/2014/12/05/us-usa-fed-mesteridUSKCN0JJ24620141205, right now is a great time for buyers to secure loan approval and begin writing
purchase offers. For assistance, please give me a call today.

Your recap
Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory
Back to Table of Contents

Oct 2014
40
2,107,500
33
77
51.9%
1.9

Nov 2014
Delta (qty)
35
-5
2,200,000
92,500
43
10
54
-23
64.8%
0.129
1.5
-0.4

Delta (%)
-12.5%
4.4%
30.3%
-29.9%
24.9%
-21.1%

Increase

Decrease

About
Hady Chahine
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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