Manhattan Beach Real Estate Market Conditions - April 2015

Manhattan Beach Residential Real Estate

Market Conditions April 2015

Table of

Contents

Key Statistics for April

Sales 2015 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2015 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2015 Active Listings by Map Area 2015 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2015 Months of Inventory by Map Area Year-to-Year Months of Inventory

Outlook for May

About Hady Chahine Contact Information

Key Statistics for April

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Mar 2015 Apr 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 34 31 -3 -8.8%

Median Sales Price 1,690,000 2,100,000 410,000 24.3%

Median Days to Sell 25 29 4 16.0%

Listings 77 70 -7 -9.1%

Sales/Listing Ratio 44.2% 44.3% 0.001 0.2%

Months of Inventory 2.3 2.3 0.0 0.0%

Monthly Comparison Year-to-Year Apr 2014 Apr 2015 Delta Delta Increase Decrease

Total Sales 45 31 -14 -31.1%

Median Sales Price 2,100,000 2,100,000 - 0.0%


Listings 95 70 -25 -26.3%



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

Manhattan Bch Sand 3 12 9

Manhattan Bch Tree 6 6 10

Manhattan Bch Hill 2 1 1

Manhattan Village 2 4 2

Manhattan Bch Heights/Lib Vlg 3 4 3

Manhattan Bch Mira Costa 3 7 6

Total Sales 19 34 31

0

5

10

15

20

25

30

35

Feb Mar Apr

2015 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


Total Sales Year-to-Year by Map Area 2013 2014 2015







Total Sales 45 45 31

0

5

10

15

20

25

30

35

40

45

2013 2014 2015

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Sales


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

Manhattan Bch Sand 2,826,000 2,240,000 2,990,000

Manhattan Bch Tree 2,360,000 2,724,418 1,900,000

Manhattan Bch Hill 2,525,000 4,300,000 2,525,000

Manhattan Village 855,000 1,179,750 1,787,500

Manhattan Bch Heights/Lib Vlg 1,291,875 1,304,000 1,460,000

Manhattan Bch Mira Costa 1,335,000 1,609,000 1,549,500

Market Median Sales Price 1,750,000 1,690,000 2,100,000

-

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

2015 Median Sales Price Month-to-Month by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Market Median Sales Price


Median Sales Price Year-to-Year by Map Area 2013 2014 2015

Manhattan Bch Sand 1,847,500 2,275,000 2,990,000

Manhattan Bch Tree 1,885,000 1,827,500 1,900,000

Manhattan Bch Hill 3,500,000 1,930,000 2,525,000

Manhattan Village 850,000 1,555,000 1,787,500

Manhattan Bch Heights/Lib Vlg 1,350,000 1,442,500 1,460,000

Manhattan Bch Mira Costa 1,800,000 1,350,000 1,549,500

Market Median Sales Price 1,725,000 1,850,000 2,100,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

2013 2014 2015

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 14 19 28 23

Manhattan Bch Tree 16 14 20 20

Manhattan Bch Hill 2 3 5 6

Manhattan Village 6 5 4 3

Manhattan Bch Heights/Lib Vlg 4 5 6 8

Manhattan Bch Mira Costa 13 11 14 10

Total Active Listings 55 57 77 70

-

5

10

15

20

25

30

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

2015 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 14 19 28 23

Manhattan Bch Tree 16 14 20 20

Manhattan Bch Hill 2 3 5 6

Manhattan Village 6 5 4 3

Manhattan Bch Heights/Lib Vlg 4 5 6 8

Manhattan Bch Mira Costa 13 11 14 10

Total Active Listings 55 57 77 70

Total Sales 21 19 34 31

Sales/Listings Ratio 38.2% 33.3% 44.2% 44.3%

-

10

20

30

40

50

60

70

80


2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales


Active Listings Year-to-Year by Map Area 2013 2014 2015







Total Active Listings 75 95 70

0

10

20

30

40

50

60

70

80

90

100

2013 2014 2015

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 2.3 6.3 2.3 2.6

Manhattan Bch Tree 16.0 2.3 3.3 2.0

Manhattan Bch Hill 0.7 1.5 5.0 6.0

Manhattan Village 2.0 2.5 1.0 1.5

Manhattan Bch Heights/Lib Vlg 2.0 1.7 1.5 2.7

Manhattan Bch Mira Costa 2.2 3.7 2.0 1.7

-

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0


2015 Months of Inventory by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village




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

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 2.0 2.0 2.0 2.2 2.0 2.8 1.9 1.5 1.1

2015 2.6 3.0 2.3 2.3

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5


Months of Inventory Year-to-Year

2013

2014

2015

Outlook for May

April was a relatively positive month for real estate activity in Manhattan Beach with 31 recorded sales, $410K

increase in the market median sales price, and a stable sales/listing ratio. Although the median days to sell

bumped up by a small percentage, I expect this momentum to reverse course as the summer season heats up.

In the news

C.A.R. releases a report citing affordability to explain the 33 percent year-over-year rise in purchases of median-priced, existing single-family home[s] in California.

See: http://www.car.org/newsstand/newsreleases/2015releases/1qtrhousingaff?view=Standard

Zillow asserts home valuations have increased 18.5% in one year and anticipates an additional 5.3%

improvement in the year to come.

See: http://www.zillow.com/manhattan-beach-ca/home-values/

Your recap


Month-to-Month Comparison Mar 2015 Apr 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 34 31 -3 -8.8%

Median Sales Price 1,690,000 2,100,000 410,000 24.3%


Listings 77 70 -7 -9.1%

Sales/Listing Ratio 44.2% 44.3% 0.001 0.2%


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

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitors 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.


Listings MLS BLOG Website

Documents

Manhattan Beach Real Estate Market Conditions - April 2015