Manhattan Beach Real Estate Market Conditions - October 2013

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Manhattan BeachResidential Real Estate

Market ConditionsOctober 2013


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Table ofContents

Key Statistics for October

Sales

2013 Residential Sales Stats: Aug - Oct

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

Median

2013 Median Sales Stats: Aug - Oct

Year-to-Year Median Sales by Map Area: Oct

Listings2013 Active Listings by Map Area

2013 Total Active Listings vs. Total Sales

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

Inventory

2013 Months of Inventory by Map Area

Year-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 October

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Sep 2013 Oct 2013 Delta (qty) Delta (%) Increase Decrease

Total Sales 32 29 -3 -9.4%

Median Sales Price 1,707,500 1,520,000 (187,500) -11.0%

Median Days to Sell 41 38 -3 -7.3%

Listings 69 57 -12 -17.4%

Sales/Listing Ratio 46.4 50.9 4.5 9.7%

Inventory Turnover 2.2 2 -0.2 -9.1%

Monthly Comparison Year-to-Year Oct 2012 Oct 2013 Delta Delta Increase Decrease

Total Sales 32 29 -3 -9.4%

Median Sales Price 1,212,500 1,520,000 307,500 25.4%


Listings 103 57 -46 -44.7%



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0

2

4

6

8

10

12

14

16

Aug Sep Oct

2013 Residential Sales Statistics: Aug - Oct

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib VlgManhattan Bch Mira Costa

2013 Residential Sales by Map Area Aug Sep Oct YTD

Manhattan Bch Sand 7 5 5 17

Manhattan Bch Tree 16 10 11 37

Manhattan Bch Hill 5 6 3 14

Manhattan Village 1 2 2 5

Manhattan Bch Heights/Lib Vlg 4 3 5 12

Manhattan Bch Mira Costa 7 6 3 16Total Sales 40 32 29 101


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0

5

10

15

20

25

30

35

2011 2012 2013

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

Total Sales

Sales by Map Area: Year-to-Year for October 2011 2012 2013

Manhattan Bch Sand 9 10 5

Manhattan Bch Tree 6 4 11

Manhattan Bch Hill 1 2 3

Manhattan Village 2 2 2

Manhattan Bch Heights/Lib Vlg 3 8 5

Manhattan Bch Mira Costa 3 6 3Total Sales 24 32 29


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500,000

1,000,000

1,500,000

2,000,000

2,500,000

Aug Sep Oct

2013 Median Sales Statistics: Aug - Oct

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



2013 Median Sales by Map Area Aug Sep Oct

Manhattan Bch Sand 1,750,000 2,100,000 1,760,000

Manhattan Bch Tree 1,929,700 1,739,500 1,520,000

Manhattan Bch Hill 2,199,900 1,639,125 1,750,000

Manhattan Village 1,299,000 1,292,500 1,017,500

Manhattan Bch Heights/Lib Vlg 1,137,000 1,049,000 1,335,000

Manhattan Bch Mira Costa 1,350,000 1,724,950 1,960,000Market Medians 1,685,000 1,707,500 1,520,000


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500,000

1,000,000

1,500,000

2,000,000

2,500,000

2011 2012 2013

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Market Sales Medians

Median Sales Price by Map Area: Year-to-Year for October 2011 2012 2013

Manhattan Bch Sand 2,010,000 1,850,000 1,760,000

Manhattan Bch Tree 1,480,000 1,702,500 1,520,000

Manhattan Bch Hill 1,200,000 1,800,000 1,750,000

Manhattan Village 958,750 875,000 1,017,500

Manhattan Bch Heights/Lib Vlg 622,500 1,000,000 1,335,000

Manhattan Bch Mira Costa 755,000 1,022,500 1,960,000

Total Market Sales Medians 1,297,500 1,212,500 1,520,000



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

Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 12

Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 7

Manhattan Village 3 4 3 - 2 3 5 5 1 1

Manhattan Bch Heights/Lib Vlg 3 10 9 4 8 7 7 8 6 9

Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11 11

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

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5

10

15

20

25

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 VillageManhattan Bch Heights/Lib Vlg




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 17Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 12

Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 7

Manhattan Village 3 4 3 - 2 3 5 5 1 1

Manhattan Bch Heights/Lib Vlg 3 10 9 4 8 7 7 8 6 9

Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11 11

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

Total Sales 22 22 42 45 50 42 45 40 32 29

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

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20

40

60

80

100

120


2013 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings by Map Area: Year-to-Year for October 2011 2012 2013

Manhattan Bch Sand 9 34 17

Manhattan Bch Tree 6 21 12

Manhattan Bch Hill 1 10 7

Manhattan Village 2 7 1

Manhattan Bch Heights/Lib Vlg 3 7 9

Manhattan Bch Mira Costa 3 24 11Total Active Listings 24 103 57

0

20

40

60

80

100

120

2011 2012 2013

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Active Listings



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

Manhattan Bch Tree 2.0 3.7 3.1 1.3 1.2 2.3 2.0 0.9 1.4 1.1

Manhattan Bch Hill 2.0 1.3 1.2 6.0 4.0 5.7 4.7 3.0 1.8 2.3

Manhattan Village - 1.3 3.0 - 0.7 1.5 5.0 5.0 0.5 0.5

Manhattan Bch Heights/Lib Vlg 3.0 3.3 2.3 0.8 2.0 0.9 1.8 2.0 2.0 1.8

Manhattan Bch Mira Costa 17.0 5.0 0.8 3.8 3.3 2.6 1.8 2.1 1.8 3.7

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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





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

2011 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

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1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0


Months of Inventory: Year-to-Year

2011

2012

2013


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Outlook for NovemberCompared to September 2013 data, total homes sold for October decreased by a small amount but is

partially explained by a decrease in active listings. Although the aggregate median sales price decreased

improvement was noted for median days to sell, sales/listing ratio, and inventory turnover.

According to MLS data, combined with news from the Federal Reserve and its intention to continue QE

policy through 2013, and perhaps well into 2014, it appears leveling-off / positive movement is likely to

continue during the month of November.

With this in mind, the recap is


Month-to-Month Comparison Sep 2013 Oct 2013 Delta (qty) Delta (%) Increase DecreaseTotal Sales 32 29 -3 -9.4%

Median Sales Price 1,707,500 1,520,000 (187,500) -11.0%


Listings 69 57 -12 -17.4%

Sales/Listing Ratio 46.4 50.9 4.5 9.7%



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About the Mother & Son

South Bay Real Estate Team

Serving South Bay Home Buyers and Sellers Since 1989

RE/MAX Top 4 Team in California2012

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



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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.

Website: http://HHCRealEstate.com

Listings: http://HHCRealEstate.com/featured-south-bay-homes

MLS: http://HHCRealEstate.com/south-bay-mls-real-estate-listings

Blog: http://HHCRealEstate.com/real-estate-news/

Hady Chahine [email protected] 310-404-5361

Hassana Chahine [email protected]

310-756-8949

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Manhattan Beach Real Estate Market Conditions - October 2013

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