October 2016 Manhattan Beach Real Estate Market Trends Update
15
Manhattan Beach Residential Real Estate Market Conditions October 2016
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Transcript of October 2016 Manhattan Beach Real Estate Market Trends Update
Table of
Contents
Key Statistics for October
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 Listings 2016 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
About Hady Chahine Contact Information
Key Statistics for October
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Sep 2016 Oct 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 38 41 3 7.9%
Median Sales Price 2,200,000 2,250,000 50,000 2.3%
Median Days to Sell 46 21 -25 -54.3%
Listings 129 121 -8 -6.2%
Sales/Listing Ratio 29.5% 33.9% 0.044 14.9%
Months of Inventory 3.0 3.0 0.0 0.0%
Monthly Comparison Year-to-Year Oct 2015 Oct 2016 Delta Delta Increase Decrease
Total Sales 32 41 9 28.1%
Median Sales Price 2,080,000 2,250,000 170,000 8.2%
Median Days to Sell 32 21 -11 -34.4%
Listings 96 121 25 26.0%
Months of Inventory 3.0 3.0 0 0.0%
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Total Sales Month-to-Month by Map Area Aug Sep Oct
Manhattan Bch Sand 13 8 9
Manhattan Bch Tree 9 12 14
Manhattan Bch Hill 4 1 4
Manhattan Village - - -
Manhattan Bch Heights/Lib Vlg 3 7 8
Manhattan Bch Mira Costa 10 10 6
Total Sales 39 38 41
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5
10
15
20
25
30
35
40
45
Aug Sep Oct
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 Sand 10 11 9
Manhattan Bch Tree 12 5 14
Manhattan Bch Hill 2 2 4
Manhattan Village 3 2 -
Manhattan Bch Heights/Lib Vlg 5 5 8
Manhattan Bch Mira Costa 10 7 6
Total Sales 42 32 41
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5
10
15
20
25
30
35
40
45
2014 2015 2016
Total Sales Year-to-Year by Map Area: October
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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Median Sales Price Month-to-Month by Map Area Aug Sep Oct
Manhattan Bch Sand 2,309,000 2,500,000 2,250,000
Manhattan Bch Tree 1,769,825 2,315,000 2,975,000
Manhattan Bch Hill 1,762,500 2,870,000 2,100,000
Manhattan Village - - -
Manhattan Bch Heights/Lib Vlg 2,475,000 1,529,000 1,702,500
Manhattan Bch Mira Costa 1,562,500 1,887,500 1,845,000
Market Median Sales Price 1,830,000 2,200,000 2,250,000
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
Aug Sep Oct
2016 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
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Median Sales Price Year-to-Year by Map Area 2014 2015 2016
Manhattan Bch Sand 2,500,000 3,575,000 2,250,000
Manhattan Bch Tree 2,226,000 1,600,000 2,975,000
Manhattan Bch Hill 2,699,500 3,450,000 2,100,000
Manhattan Village 1,150,000 1,862,500 -
Manhattan Bch Heights/Lib Vlg 1,510,000 1,765,000 1,702,500
Manhattan Bch Mira Costa 1,824,000 1,479,000 1,845,000
Market Median Sales Price 2,107,500 2,080,000 2,250,000
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
2014 2015 2016
Median Sales Price Year-to-Year by Map Area: October
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Market Median Sales Price
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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 53 58 47 45 45 46
Manhattan Bch Tree 16 24 40 31 34 37 34 31 28 26
Manhattan Bch Hill 8 12 13 16 17 15 15 12 15 15
Manhattan Village 3 3 4 6 7 6 3 4 3 1
Manhattan Bch Heights/Lib Vlg 4 9 10 11 15 13 17 11 10 10
Manhattan Bch Mira Costa 19 14 16 21 23 28 32 29 28 23
Total Active Listings 81 97 120 130 149 157 148 132 129 121
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10
20
30
40
50
60
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
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
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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 53 58 47 45 45 46
Manhattan Bch Tree 16 24 40 31 34 37 34 31 28 26
Manhattan Bch Hill 8 12 13 16 17 15 15 12 15 15
Manhattan Village 3 3 4 6 7 6 3 4 3 1
Manhattan Bch Heights/Lib Vlg 4 9 10 11 15 13 17 11 10 10
Manhattan Bch Mira Costa 19 14 16 21 23 28 32 29 28 23
Total Active Listings 81 97 120 130 149 157 148 132 129 121
Total Sales 15 21 34 31 43 39 31 39 38 41
Sales/Listings Ratio 18.5% 21.6% 28.3% 23.8% 28.9% 24.8% 20.9% 29.5% 29.5% 33.9%
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20
40
60
80
100
120
140
160
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2014 2015 2016
Manhattan Bch Sand 26 35 46
Manhattan Bch Tree 17 20 26
Manhattan Bch Hill 5 9 15
Manhattan Village 12 3 1
Manhattan Bch Heights/Lib Vlg 4 4 10
Manhattan Bch Mira Costa 15 25 23
Total Active Listings 79 96 121
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20
40
60
80
100
120
140
2014 2015 2016
Active Listings Year-to-Year by Map Area: October
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Active Listings
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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 4.0 8.0 5.0 3.0 6.0 5.0
Manhattan Bch Tree 2.0 8.0 5.0 2.0 2.0 3.0 4.0 3.0 2.0 2.0
Manhattan Bch Hill - 6.0 2.0 16.0 4.0 8.0 15.0 3.0 15.0 4.0
Manhattan Village 3.0 3.0 2.0 2.0 4.0 6.0 2.0 - - -
Manhattan Bch Heights/Lib Vlg 2.0 3.0 10.0 4.0 4.0 2.0 6.0 4.0 1.0 1.0
Manhattan Bch Mira Costa 5.0 3.0 2.0 5.0 5.0 4.0 4.0 3.0 3.0 4.0
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5.0
10.0
15.0
20.0
25.0
30.0
35.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 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
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0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory Year-to-Year
2014
2015
2016
Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 4.0 3.0 3.0 2.0 2.0 2.0 3.0 2.0 3.0 2.0 2.0 1.0
2015 3.0 3.0 2.0 2.0 2.0 3.0 3.0 3.0 3.0 3.0 4.0 3.0
2016 5.0 5.0 4.0 4.0 3.0 4.0 5.0 3.0 3.0 3.0
Summary October was a good month for Manhattan Beach real estate investment as total sales increased 7.9%, the median days to sell
improved 2.3%, the median days to sell dropped by 54.3%, and the sales-listing ratio jumped 14.9%. Net listing during this
period of time declined a marginal 6.2%. Year-over-year months of inventory held constant at 3.0.
In the news… According to C.A.R., ““thirty-one percent of California households could afford to purchase the $515,940
median-priced home in the third quarter, unchanged from second-quarter 2016 and up from 29 percent in third-quarter
2015.” http://www.car.org/newsstand/newsreleases/2016releases/3qtrhousingaffordability
For listing or buying questions or representation, or further information on market trending behavior, please feel free to contact
me anytime. I look forward to hearing from you!
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Monthly Comparison Year-to-Year Oct 2015 Oct 2016 Delta Delta Increase Decrease
Total Sales 32 41 9 28.1%
Median Sales Price 2,080,000 2,250,000 170,000 8.2%
Median Days to Sell 32 21 -11 -34.4%
Listings 96 121 25 26.0%
Months of Inventory 3.0 3.0 0 0.0%
Month-to-Month Comparison Sep 2016 Oct 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 38 41 3 7.9%
Median Sales Price 2,200,000 2,250,000 50,000 2.3%
Median Days to Sell 46 21 -25 -54.3%
Listings 129 121 -8 -6.2%
Sales/Listing Ratio 29.5% 33.9% 0.044 14.9%
Months of Inventory 3.0 3.0 0.0 0.0%
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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About
Hady Chahine…
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.
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