May 2014 Manhattan Beach Real Estate Market Trends Update

Manhattan Beach Residential Real Estate

Market Conditions May 2014

http://hhcrealestate.com/

Table of

Contents

Key Statistics for May

Sales 2014 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2014 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2014 Active Listings by Map Area 2014 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2014 Months of Inventory by Map Area Year-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 negative = trending negative

Month-to-Month Comparison Apr 2014 May 2014 Delta (qty) Delta (%) Increase Decrease

Total 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 Decrease

Total Sales 50 43 -7 -14.0%



Listings 92 85 -7 -7.6%

Months of Inventory 1.8 2 0.2 11.1%



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

Manhattan Bch Sand 7 12 10

Manhattan Bch Tree 9 11 16

Manhattan Bch Hill 4 9 1

Manhattan Village 2 1 3

Manhattan Bch Heights/Lib Vlg 5 6 7

Manhattan Bch Mira Costa 6 6 6

Total Sales 33 45 43

0

5

10

15

20

25

30

35

40

45

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



Total Sales Year-to-Year by Map Area 2012 2013 2014







Total Sales 51 50 43

0

10

20

30

40

50

60

2012 2013 2014

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Sales



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

Manhattan 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

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

Mar Apr May

2014 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 2012 2013 2014

Manhattan 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 Median Sales Price 1,417,500 1,907,500 1,995,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

2012 2013 2014

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

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 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

-

5

10

15

20

25

30

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

2014 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 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%

-

10

20

30

40

50

60

70

80

90


2014 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2012 2013 2014







Total Active Listings 144 92 85

0

20

40

60

80

100

120

140

160

2012 2013 2014

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

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 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

-

2.0

4.0

6.0

8.0

10.0

12.0


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 Dec

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 0.8

2014 3.0 2.2 2.2 2.0 2.0

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0


Months of Inventory Year-to-Year

2012

2013

2014


Outlook for June

Despite 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 of

May 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 relatively

inexpensive and because summertime is historically known for its surge in real estate buyer and seller

activity. 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 Decrease

Total Sales 45 43 -2 -4.4%



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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