Manhattan Beach Real Estate Market Conditions - February 2014

8/12/2019 Manhattan Beach Real Estate Market Conditions - February 2014

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Manhattan BeachResidential Real Estate

Market ConditionsFebruary 2014
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Key Statistics for February

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= trending positive = trending positive

= trending negat ive = trending negative

Month-to-Month Comparison Jan 2014 Feb 2014 Delta (qty) Delta (%) Increase DecreaseTotal 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 DecreaseTotal Sales 22 22 0 0.0%Median Sales Price 1,162,000 1,952,500 790,500 68.0%Median Days to Sell 41 24 -17 -41.5%Listings 74 49 -25 -33.8%Months of Inventory 3.4 2.2 -1.2 -35.3%
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2014 Residential Sales by Map Area Jan FebManhattan Bch Sand 4 11Manhattan Bch Tree 3 4Manhattan Bch Hill 1 2Manhattan Village 2 0Manhattan Bch Heights/Lib Vlg 2 2

Manhattan Bch Mira Costa 3 3Total Sales 15 22

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2014 Residential Sales Statistics: February

Manhattan Bch SandManhattan Bch TreeManhattan Bch HillManhattan VillageManhattan Bch Heights/Lib VlgManhattan Bch Mira Costa


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2014 Median Sales Price by Map Area Jan FebManhattan 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

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2014 Median Sales Price Statistics: February

Manhattan Bch SandManhattan Bch TreeManhattan Bch HillManhattan VillageManhattan Bch Heights/Lib Vlg

Manhattan Bch Mira CostaMarket Median Sales Price


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

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

Market Median Sales Price



2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecManhattan Bch Sand 15 15 Manhattan Bch Tree 10 10 Manhattan Bch Hill 5 6 Manhattan Village - 2 Manhattan Bch Heights/Lib Vlg 7 9 Manhattan Bch Mira Costa 8 7

Total Active Listings 45 49

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

2014 Active Listings by Map Area




2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecManhattan Bch Sand 15 15 Manhattan Bch Tree 10 10 Manhattan Bch Hill 5 6 Manhattan Village - 2 Manhattan Bch Heights/Lib Vlg 7 9 Manhattan Bch Mira Costa 8 7

Total Active Listings 45 49 Total Sales 15 22

Sales/Listings Ratio 33.3% 44.9%

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2014 Total Active Listings vs. Total Sales

Total Active Listings Total Sales



Active Listings by Map Area: Year-to-Year for February 2012 2013 2014Manhattan Bch Sand 49 30 15Manhattan Bch Tree 21 11 10Manhattan Bch Hill 12 4 6Manhattan Village 4 4 2Manhattan Bch Heights/Lib Vlg 8 10 9

Manhattan Bch Mira Costa 21 15 7Total Active Listings 115 74 49

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2012 2013 2014

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

Manhattan Bch SandManhattan Bch TreeManhattan Bch HillManhattan Village

Manhattan Bch Heights/Lib VlgManhattan Bch Mira Costa



2014 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecManhattan 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

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2014 Months of Inventory by Map Area




Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2012 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

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Months of Inventory: Year-to-Year

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Outlook for MarchManhattan Beach real estate activity picked up in February with positive trending stats logged for totalsales, medial days to sell, listings, sales/listing ratio, and months of inventory. Although the mediansales price dropped about 9% based on a month-to-month comparison, the year-over-year statistic forFebruary shows a 63% improvement or $790,500K.

With this in mind, expectations are high for March. The only possible drawback to better-than-averageperformance figures is what influence, if any, the tax season will have on buyers behavior. Though, theflip side to this coin is receiving a tax return and using the money to increase purchasing power. Thesound of this latter scenario I like!

Your recap


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


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Manhattan Beach Real Estate Market Conditions - February 2014

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