Manhattan Beach Real Estate Market Conditions - March 2014

Manhattan Beach Residential Real Estate

Market Conditions March 2014

http://hhcrealestate.com/

Table of

Contents

Key Statistics for March

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 April

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


Key Statistics for March

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

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

Total Sales 22 33 11 50.0%

Median Sales Price 1,952,500 1,717,000 (235,500) -12.1%

Median Days to Sell 24 26 2 8.3%

Listings 49 73 24 49.0%

Sales/Listing Ratio 44.9% 45.2% 0.003 0.7%

Months of Inventory 2.2 2.2 0.0 0.0%

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

Total Sales 42 33 -9 -21.4%

Median Sales Price 1,552,000 1,717,000 165,000 10.6%

Median Days to Sell 28 26 -2 -7.1%

Listings 85 73 -12 -14.1%




0

2

4

6

8

10

12

Jan Feb Mar

2014 Residential Sales Statistics: March

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

2014 Residential Sales by Map Area Jan Feb Mar

Manhattan Bch Sand 4 11 7

Manhattan Bch Tree 3 4 9

Manhattan Bch Hill 1 2 4

Manhattan Village 2 0 2

Manhattan Bch Heights/Lib Vlg 2 2 5

Manhattan Bch Mira Costa 3 3 6

Total Sales 15 22 33



0

2

4

6

8

10

12

14

16

2012 2013 2014

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



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










-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

Jan Feb Mar

2014 Median Sales Price Statistics: March

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Market Median Sales Price

2014 Median Sales Price by Map Area Jan Feb Mar

Manhattan Bch Sand 3,075,000 2,005,000 1,979,000

Manhattan Bch Tree 2,135,000 2,181,000 1,717,000

Manhattan Bch Hill 2,300,000 2,157,500 3,725,000

Manhattan Village 918,750 - 1,017,500

Manhattan Bch Heights/Lib Vlg 1,820,000 1,257,500 1,249,000

Manhattan Bch Mira Costa 1,900,000 1,640,000 1,725,000

Market Median Sales Price 2,152,000 1,952,500 1,717,000



-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

2012 2013 2014

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

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 March 2012 2013 2014

Manhattan Bch Sand 1,800,000 1,595,000 1,979,000

Manhattan Bch Tree 1,352,000 1,472,500 1,717,000

Manhattan Bch Hill 2,050,000 2,825,000 3,725,000

Manhattan Village 812,500 825,000 1,017,500

Manhattan Bch Heights/Lib Vlg 912,835 1,040,950 1,249,000

Manhattan Bch Mira Costa 1,350,000 1,320,000 1,725,000

Market Median Sales Price 1,376,000 1,552,000 1,717,000



-

5

10

15

20

25

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 5



Total Active Listings 45 49 73



-

10

20

30

40

50

60

70

80


2014 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales

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




Manhattan Village - 2 5





Sales/Listings Ratio 33.3% 44.9% 45.2%



0

5

10

15

20

25

30

35

40

45

2012 2013 2014

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



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










-

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



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 2.4

Manhattan Bch Tree 3.3 2.5 2.3

Manhattan Bch Hill 5.0 3.0 2.5

Manhattan Village - - 2.5

Manhattan Bch Heights/Lib Vlg 3.5 4.5 1.4

Manhattan Bch Mira Costa 2.7 2.3 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

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 2.2


Outlook for April

Manhattan Beach real estate activity for the month of March was fairly respectable considering the time

of year. While the month-to-month median sales price and median days to sell statistics trended slightly

negative, it was the month-to-month total sales, listings, and sales/listing ratio that outperformed

expectations. Of course, if you factor in the year-over-year median sales price for the month of March

you will find a 10.6% improvement in 2014 compared to 2013.

So, what should you expect in April? Evaluating all data collected in 2014 it is my position that the

month of April will continue to trend positive in most measurement categories, although the tax deadline

of April 15th is still a caveat yet to be reckoned with. Thus, time will tell but there is no doubt in my mind

with the 49% increase in listings in March that buyer activity should pick up in April.

Your recap…


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

Total Sales 22 33 11 50.0%

Median Sales Price 1,952,500 1,717,000 (235,500) -12.1%

Median Days to Sell 24 26 2 8.3%

Listings 49 73 24 49.0%

Sales/Listing Ratio 44.9% 45.2% 0.003 0.7%



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



The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for

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.


Hady Chahine [email protected]

310-404-5361

Hassana Chahine [email protected]

310-756-8949

Listings MLS BLOG Website



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Manhattan Beach Real Estate Market Conditions - March 2014

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