Manhattan Beach Real Estate Market Conditions - April 2016

8/16/2019 Manhattan Beach Real Estate Market Conditions - April 2016

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Manhattan BeachResidential Real Estate

Market Conditions April 2016

http://hadychahine.com/


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Table ofContents

Key Statistics for April

Sales

2016 Residential Sales Stats

Year-to-Year Total Sales by Map Area

Median

2016 Median Sales Stats

Year-to-Year Median Sales by Map Area

Listings2016 Active Listings by Map Area

2016 Total Active Listings vs. Total Sales

Year-to-Year Active Listings by Map Area

Inventory

2016 Months of Inventory by Map Area

Year-to-Year Months of Inventory

Summary

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Contact Information



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Key Statistics for April

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Mar 2016 Apr 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 34 31 -3 -8.8%

Median Sales Price 2,481,250 2,200,000 (281,250) -11.3%

Median Days to Sell 40 27 -13 -32.5%

Listings 120 130 10 8.3%

Sales/Listing Ratio 28.3% 23.8% -0.045 -15.9%

Months of Inventory 4.0 4.0 0.0 0.0%

Monthly Comparison Year-to-Year Apr 2015 Apr 2016 Delta Delta Increase Decrease

Total Sales 31 31 0 0.0%

Median Sales Price 2,100,000 2,200,000 100,000 4.8%


Listings 77 130 53 68.8%

Months of Inventory 2.0 4.0 2 100.0%

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Total Sales Month-to-Month by Map Area Feb Mar Apr

Manhattan Bch Sand 7 9 4

Manhattan Bch Tree 3 8 16

Manhattan Bch Hill 2 6 1

Manhattan Village 1 2 3

Manhattan Bch Heights/Lib Vlg 3 1 3

Manhattan Bch Mira Costa 5 8 4 Total Sales 21 34 31

-

5

10

15

20

25

30

35

Feb Mar Apr

2016 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 2014 2015 2016






Manhattan Bch Mira Costa 6 6 4 Total Sales 45 31 31

-

5

10

15

20

25

30

35

40

45

2014 2015 2016

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Sales



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Median Sales Price Month-to-Month by Map Area Feb Mar Apr

Manhattan Bch Sand 3,745,000 2,599,000 2,150,000

Manhattan Bch Tree 1,850,000 2,730,000 2,715,000

Manhattan Bch Hill 4,325,000 3,597,500 2,365,000

Manhattan Village 1,425,000 1,445,000 1,290,000

Manhattan Bch Heights/Lib Vlg 1,199,500 1,335,000 1,337,500

Manhattan Bch Mira Costa 1,380,000 2,247,500 2,037,500 Market Median Sales Price 1,850,000 2,481,250 2,200,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

4,500,000

Feb Mar Apr

2016 Median Sales Price Month-to-Month by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan VillageManhattan Bch Heights/Lib Vlg


Market Median Sales Price



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Median Sales Price Year-to-Year by Map Area 2014 2015 2016

Manhattan Bch Sand 2,275,000 2,990,000 2,150,000

Manhattan Bch Tree 1,827,500 1,900,000 2,715,000

Manhattan Bch Hill 1,930,000 2,525,000 2,365,000

Manhattan Village 1,555,000 1,787,500 1,290,000

Manhattan Bch Heights/Lib Vlg 1,442,500 1,460,000 1,337,500

Manhattan Bch Mira Costa 1,350,000 1,549,500 2,037,500 Market Median Sales Price 1,850,000 2,100,000 2,200,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

2014 2015 2016

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

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 31 35 37 45

Manhattan Bch Tree 16 24 40 31

Manhattan Bch Hill 8 12 13 16

Manhattan Village 3 3 4 6

Manhattan Bch Heights/Lib Vlg 4 9 10 11

Manhattan Bch Mira Costa 19 14 16 21

Total Active Listings 81 97 120 130

-

5

10

15

20

25

30

35

40

45

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2016 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 31 35 37 45

Manhattan Bch Tree 16 24 40 31

Manhattan Bch Hill 8 12 13 16

Manhattan Village 3 3 4 6

Manhattan Bch Heights/Lib Vlg 4 9 10 11

Manhattan Bch Mira Costa 19 14 16 21

Total Active Listings 81 97 120 130

Total Sales 15 21 34 31

Sales/Listings Ratio 18.5% 21.6% 28.3% 23.8%

-

20

40

60

80

100

120

140


2016 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales




Active Listings Year-to-Year by Map Area 2014 2015 2016






Manhattan Bch Mira Costa 22 13 21 Total Active Listings 95 77 130

-

20

40

60

80

100

120

140

2014 2015 2016

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

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 31.0 5.0 4.0 11.0

Manhattan Bch Tree 2.0 8.0 5.0 2.0

Manhattan Bch Hill - 6.0 2.0 16.0

Manhattan Village 3.0 3.0 2.0 2.0

Manhattan Bch Heights/Lib Vlg 2.0 3.0 10.0 4.0

Manhattan Bch Mira Costa 5.0 3.0 2.0 5.0

-

5.0

10.0

15.0

20.0

25.0

30.0

35.0


2016 Months of Inventory by Map Area

Manhattan Bch Sand

Manhattan Bch TreeManhattan Bch Hill

Manhattan Village





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SummaryAnalysis of Manhattan Beach real estate activity for April revealed total sales dropped 8.8%, median sales price declined 11.3% or

$281.25K, and sales-listing ratio fell 15.9%. However, during this period of time median days to sell improved 32.5% and net

listings increased 8.3%. Notable year-over-year stats worth mentioning includes 4.8% or $100K bump in the median sales price

and a 68.8% spike in net listings.

In the news… According to C.A.R., “statewide median home price climbs, breaking $500,000 for first time in nine years.”

http://www.car.org/newsstand/newsreleases/2016releases/April2016sales?view=Standard

For listing or buying questions or representation, or further information on market trending behavior, please feel free to contactme anytime. I look forward to hearing from you!


Month-to-Month Comparison Mar 2016 Apr 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 34 31 -3 -8.8%

Median Sales Price 2,481,250 2,200,000 (281,250) -11.3%


Listings 120 130 10 8.3%

Sales/Listing Ratio 28.3% 23.8% -0.045 -15.9%

Months of Inventory 4.0 4.0 0.0 0.0%

Monthly Comparison Year-to-Year Apr 2015 Apr 2016 Delta Delta Increase Decrease

Total Sales 31 31 0 0.0%

Median Sales Price 2,100,000 2,200,000 100,000 4.8%


Listings 77 130 53 68.8%

Months of Inventory 2.0 4.0 2 100.0%

http://www.car.org/newsstand/newsreleases/2016releases/April2016saleshttp://www.car.org/newsstand/newsreleases/2016releases/April2016saleshttp://hadychahine.com/http://hadychahine.com/


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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


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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Manhattan Beach Real Estate Market Conditions - April 2016

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