Manhattan Beach Real Estate Market Conditions - November 2013

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Manhattan BeachResidential Real Estate

Market ConditionsNovember 2013


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Table ofContents

Key Statistics for November

Sales2013 Residential Sales Stats: Sep - Nov Year-to-Year Total Sales by Map Area: Nov

Median2013 Median Sales Stats: Sep - Nov Year-to-Year Median Sales by Map Area: Nov

Listings2013 Active Listings by Map Area2013 Total Active Listings vs. Total SalesYear-to-Year Active Listings by Map Area: Nov

Inventory2013 Months of Inventory by Map AreaYear-to-Year Months of Inventory

Outlook for November

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


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Key Statistics for November

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= trending positive = trending positive

= trending nega tive = trending negative

Monthly Comparison Year-to-Year Nov 2012 Nov 2013 Delta Delta Increase DecreaseTotal Sales 46 29 -17 -37.0%Median Sales Price 1,249,000 1,995,000 746,000 59.7%Median Days to Sell 31 52 21 67.7%Listings 95 43 -52 -54.7%Inventory Turnover 2.1 1.5 -0.6 -28.6%

Month-to-Month Comparison Oct 2013 Nov 2013 Delta (qty) Delta (%) Increase DecreaseTotal Sales 29 29 0 0.0%Median Sales Price 1,520,000 1,995,000 475,000 31.3%Median Days to Sell 38 52 14 36.8%Listings 57 43 -14 -24.6%Sales/Listing Ratio 50.9 67.4 16.5 32.4%Inventory Turnover 2.0 1.5 -0.5 -25.0%


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2

4

6

8

10

12

Sep Oct Nov

2013 Residential Sales Statistics: Sep - Nov

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

2013 Residential Sales by Map Area Sep Oct Nov YTDManhattan Bch Sand 5 5 9 19Manhattan Bch Tree 10 11 9 30Manhattan Bch Hill 6 3 3 12Manhattan Village 2 2 2 6Manhattan Bch Heights/Lib Vlg 3 5 1 9

Manhattan Bch Mira Costa 6 3 5 14Total Sales 32 29 29 90


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500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

Sep Oct Nov

2013 Median Sale Price Statistics: Sep - Nov

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village


Manhattan Bch Mira CostaMarket Median Sale Price

2013 Median Sale Price by Map Area Sep Oct Nov

Manhattan Bch Sand 2,100,000 1,760,000 2,200,000 Manhattan Bch Tree 1,739,500 1,520,000 2,049,000 Manhattan Bch Hill 1,639,125 1,750,000 2,550,000 Manhattan Village 1,292,500 1,017,500 1,327,500 Manhattan Bch Heights/Lib Vlg 1,049,000 1,335,000 900,000 Manhattan Bch Mira Costa 1,724,950 1,960,000 1,340,000

Market Median Sale Price 1,707,500 1,520,000 1,995,000


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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

2011 2012 2013

Median Sale Price by Map Area: Year-to-Year for November

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village


Manhattan Bch Mira Costa Market Median Sale Price

Median Sale Price by Map Area: Year- to-Year for November 2011 2012 2013Manhattan Bch Sand 1,399,000 1,514,500 2,200,000 Manhattan Bch Tree 1,395,000 1,232,500 2,049,000 Manhattan Bch Hill 3,834,500 1,050,000 2,550,000 Manhattan Village 770,000 1,175,000 1,327,500 Manhattan Bch Heights/Lib Vlg 640,000 900,000 900,000 Manhattan Bch Mira Costa 891,500 1,249,000 1,340,000

Market Median Sale Price 1,000,000 1,249,000 1,995,000



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30

35

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

2013 Active Listings by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib VlgManhattan Bch Mira Costa

2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Manhattan Bch Sand 28 30 35 29 29 28 25 22 26 17 13 Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 12 11 Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 7 5 Manhattan Village 3 4 3 - 2 3 5 5 1 1 2 Manhattan Bch Heights/Lib Vlg 3 10 9 4 8 7 7 8 6 9 4 Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11 11 8

Total Active Listings 63 74 85 75 92 104 93 80 69 57 43



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20

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60

80

100

120


2013 Total Active Listings vs. Total Sales

Total Active Listings Total Sales

2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Manhattan Bch Sand 28 30 35 29 29 28 25 22 26 17 13 Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 12 11 Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 7 5 Manhattan Village 3 4 3 - 2 3 5 5 1 1 2 Manhattan Bch Heights/Lib Vlg 3 10 9 4 8 7 7 8 6 9 4 Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11 11 8

Total Active Listings 63 74 85 75 92 104 93 80 69 57 43 Total Sales 22 22 42 45 50 42 45 40 32 29 29

Sales/Listings Ratio 34.9% 29.7% 49.4% 60.0% 54.3% 40.4% 48.4% 50.0% 46.4% 50.9% 67.4%



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10

20

30

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2011 2012 2013

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Active Listings by Map Area: Year- to-Year for November 2011 2012 2013Manhattan Bch Sand 51 32 13Manhattan Bch Tree 26 17 11Manhattan Bch Hill 11 8 5Manhattan Village 4 7 2Manhattan Bch Heights/Lib Vlg 9 8 4

Manhattan Bch Mira Costa 15 23 8Total Active Listings 116 95 43



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2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0


2013 Months of Inventory by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



2013 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Manhattan Bch Sand 2.0 4.3 2.3 1.6 1.8 3.1 1.7 3.1 5.2 3.4 1.4 Manhattan Bch Tree 2.0 3.7 3.1 1.3 1.2 2.3 2.0 0.9 1.4 1.1 1.2 Manhattan Bch Hill 2.0 1.3 1.2 6.0 4.0 5.7 4.7 3.0 1.8 2.3 1.7 Manhattan Village - 1.3 3.0 - 0.7 1.5 5.0 5.0 0.5 0.5 1.0 Manhattan Bch Heights/Lib Vl g 3.0 3.3 2.3 0.8 2.0 0.9 1.8 2.0 2.0 1.8 4.0 Manhattan Bch Mira Costa 17.0 5.0 0.8 3.8 3.3 2.6 1.8 2.1 1.8 3.7 1.6



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Months of Inventory: Year-to-Year

2011

2012

2013

Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2011 5.7 9.3 3.6 4.5 4.6 3.3 3.3 3.8 4.5 5.7 4.6 3.8 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


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Outlook for DecemberCompared to October 2013 data, total residential properties sold during November remained the same at29. Trending slightly negative is the increase in median days to sell and a decline in total number of newlistings. Trending positive, however, is the 31.3% increase in median sales price, 32.4% improvement ofthe sales/listing ratio, and the 25% decline in the amount of time it takes to turn over inventory.

Projections for December, noting seller and buyer activity normally declines during the holiday season, itis expected that the Manhattan Beach residential real estate market will continue this trending behavior.

With this in mind, the recap is


Month-to-Month Comparison Oct 2013 Nov 2013 Delta (qty) Delta (%) Increase DecreaseTotal Sales 29 29 0 0.0%Median Sales Price 1,520,000 1,995,000 475,000 31.3%Median Days to Sell 38 52 14 36.8%Listings 57 43 -14 -24.6%Sales/Listing Ratio 50.9 67.4 16.5 32.4%Inventory Turnover 2.0 1.5 -0.5 -25.0%


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About the Mother & SonSouth Bay Real Estate Team

Serving South Bay Home Buyers and Sellers Since 1989

RE/MAX Top 4 Team in California 2012RE/MAX 100% Club - 2011Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010Shorewood Realtors Top Producing Agent (Hassana 1989-2001)

ABR, RS, GRI, BPOR, SBAOR, CAR, NAR, IRES



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Manhattan Beach Real Estate Market Conditions - November 2013

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