Manhattan Beach Real Estate Market Conditions - May 2014

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

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Manhattan BeachResidential Real Estate

Market ConditionsMay 2014
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Table ofContents

Key Statistics for May

Sales2014 Residential Sales StatsYear-to-Year Total Sales by Map Area

Median2014 Median Sales StatsYear-to-Year Median Sales by Map Area

Listings2014 Active Listings by Map Area2014 Total Active Listings vs. Total SalesYear-to-Year Active Listings by Map Area

Inventory2014 Months of Inventory by Map AreaYear-to-Year Months of Inventory

Outlook for June

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Key Statistics for May

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= trending positive = trending positive

= trending negati ve = trending negative

Month-to-Month Comparison Apr 2014 May 2014 Delta (qty) Delta (%) Increase DecreaseTotal Sales 45 43 -2 -4.4%Median Sales Price 1,850,000 1,995,000 145,000 7.8%Median Days to Sell 26 29 3 11.5%Listings 88 85 -3 -3.4%Sales/Listing Ratio 51.1% 50.6% -0.005 -1.0%Months of Inventory 2.0 2.0 0.0 0.0%

Monthly Comparison Year-to-Year May 2014 May 2014 Delta Delta Increase DecreaseTotal Sales 50 43 -7 -14.0%Median Sales Price 1,907,500 1,995,000 87,500 4.6%Median Days to Sell 27 29 2 7.4%Listings 92 85 -7 -7.6%Months of Inventory 1.8 2 0.2 11.1%
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Total Sales Month-to-Month by Map Area Mar Apr MayManhattan Bch Sand 7 12 10Manhattan Bch Tree 9 11 16Manhattan Bch Hill 4 9 1Manhattan Village 2 1 3Manhattan Bch Heights/Lib Vlg 5 6 7

Manhattan Bch Mira Costa 6 6 6Total Sales 33 45 43

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Mar Apr May

2014 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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Median Sales Price Month-to-Month by Map Area Mar Apr MayManhattan Bch Sand 1,979,000 2,297,500 2,150,000 Manhattan Bch Tree 1,717,000 1,805,000 2,045,000 Manhattan Bch Hill 3,725,000 1,930,000 3,890,000 Manhattan Village 1,017,500 1,555,000 1,650,000 Manhattan Bch Heights/Lib Vlg 1,249,000 1,442,500 1,500,000

Manhattan Bch Mira Costa 1,725,000 1,350,000 1,850,000 Market Median Sales Price 1,717,000 1,850,000 1,995,000

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500,000

1,000,000

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Mar Apr May

2014 Median Sales Price Month-to-Month by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village


Manhattan Bch Mira CostaMarket Median Sales Price


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Median Sales Price Year-to-Year by Map Area 2012 2013 2014Manhattan Bch Sand 1,790,000 2,112,500 2,150,000 Manhattan Bch Tree 1,350,000 1,730,000 2,045,000 Manhattan Bch Hill 2,100,000 2,700,000 3,890,000 Manhattan Village 885,000 1,270,000 1,650,000 Manhattan Bch Heights/Lib Vlg 940,000 1,482,500 1,500,000

Manhattan Bch Mira Costa 1,396,500 2,170,000 1,850,000 Market M edian Sales Price 1,417,500 1,907,500 1,995,000

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1,000,000

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2012 2013 2014

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village


Manhattan Bch Mira Costa

Market Median Sales Price



Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecManhattan Bch Sand 15 15 17 13 19 Manhattan Bch Tree 10 10 21 28 21 Manhattan Bch Hill 5 6 10 10 12 Manhattan Village - 2 5 7 7 Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 Manhattan Bch Mira Costa 8 7 13 20 24

Total Active Listings 45 49 73 88 85

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

2014 Active Listings by Map Area

Manhattan Bch Sand

Manhattan Bch TreeManhattan Bch Hill

Manhattan Village



Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecManhattan Bch Sand 15 15 17 13 19 Manhattan Bch Tree 10 10 21 28 21 Manhattan Bch Hill 5 6 10 10 12 Manhattan Village - 2 5 7 7 Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 Manhattan Bch Mira Costa 8 7 13 20 24

Total Active Listings 45 49 73 88 85 Total Sales 15 22 33 45 43

Sales/Listings Ratio 33.3% 44.9% 45.2% 51.1% 50.6%

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2014 Total Active Listings vs. Total Sales

Total Active Listings Total Sales



Active Listings Year-to-Year by Map Area 2012 2013 2014Manhattan Bch Sand 59 29 19Manhattan Bch Tree 32 21 21Manhattan Bch Hill 16 12 12Manhattan Village 4 2 7Manhattan Bch Heights/Lib Vlg 5 8 2

Manhattan Bch Mira Costa 28 20 24Tota l Active Listings 144 92 85

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160

2012 2013 2014

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

Manhattan Bch SandManhattan Bch Tree

Manhattan Bch HillManhattan Village

Manhattan Bch Heights/Lib VlgManhattan Bch Mira Costa

Total Active Listings



Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecManhattan Bch Sand 3.8 1.4 2.4 1.1 1.9 Manhattan Bch Tree 3.3 2.5 2.3 2.6 1.3 Manhattan Bch Hill 5.0 3.0 2.5 1.1 12.0 Manhattan Village - - 2.5 7.0 2.3 Manhattan Bch Heights/Lib Vlg 3.5 4.5 1.4 1.7 0.3 Manhattan Bch Mira Costa 2.7 2.3 2.2 3.3 4.0

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2014 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 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 2.2 2.0 2.0

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Months of Inventory Year-to-Year

2012

2013

2014


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Outlook for JuneDespite real estate activity indicators revealing performance declines in total sales, median days to sale,listings, and the sales/listings ratio the median sales price improved 7.8% or $145K during the month ofMay for the Manhattan Beach market. This increase in the median sales price was also recorded year-over-year for May with 2014 showing a 4.6% gain or $87.5K bump in aggregate appreciation.

Of course, expectations for June are extremely positive as mortgage money remains relativelyinexpensive and because summertime is historically known for its surge in real estate buyer and selleractivity. So the question is: How can we be of service to you?

Your recap


Month-to-Month Comparison Apr 2014 May 2014 Delta (qty) Delta (%) Increase DecreaseTotal Sales 45 43 -2 -4.4%Median Sales Price 1,850,000 1,995,000 145,000 7.8%Median Days to Sell 26 29 3 11.5%Listings 88 85 -3 -3.4%Sales/Listing Ratio 51.1% 50.6% -0.005 -1.0%Months of Inventory 2.0 2.0 0.0 0.0%


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Manhattan Beach Real Estate Market Conditions - May 2014

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