Manhattan Beach Residential Real Estate Market Conditions November 2015
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Table of
Contents
Key Statistics for November
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
Summary
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Key Statistics for November
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Oct 2015 Nov 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 32 22 -10 -31.3%
Median Sales Price 2,080,000 2,262,500 182,500 8.8%
Median Days to Sell 32 39 7 21.9%
Listings 92 86 -6 -6.5%
Sales/Listing Ratio 34.8% 25.6% -0.092 -26.4%
Months of Inventory 3.0 4.0 1.0 33.3%
Monthly Comparison Year-to-Year Nov 2014 Nov 2015 Delta Delta Increase Decrease
Total Sales 35 22 -13 -37.1%
Median Sales Price 2,200,000 2,262,500 62,500 2.8%
Median Days to Sell 43 39 -4 -9.3%
Listings 61 86 25 41.0%
Months of Inventory 1.5 4.0 2.5 166.7%
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Total Sales Month-to-Month by Map Area Sep Oct Nov
Manhattan Bch Sand 13 11 4
Manhattan Bch Tree 14 5 8
Manhattan Bch Hill 3 2 -
Manhattan Village - 2 1
Manhattan Bch Heights/Lib Vlg 5 5 2
Manhattan Bch Mira Costa 3 7 7
Total Sales 38 32 22
-
5
10
15
20
25
30
35
40
Sep Oct Nov
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
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Total Sales Year-to-Year by Map Area 2013 2014 2015
Manhattan Bch Sand 9 13 4
Manhattan Bch Tree 9 4 8
Manhattan Bch Hill 3 3 -
Manhattan Village 2 4 1
Manhattan Bch Heights/Lib Vlg 1 3 2
Manhattan Bch Mira Costa 6 8 7
Total Sales 30 35 22
-
5
10
15
20
25
30
35
2013 2014 2015
Total Sales Year-to-Year by Map Area: November
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 Sep Oct Nov
Manhattan Bch Sand 2,250,000 3,575,000 3,127,500
Manhattan Bch Tree 2,310,750 1,600,000 2,031,250
Manhattan Bch Hill 2,000,000 3,450,000 -
Manhattan Village - 1,862,500 1,150,000
Manhattan Bch Heights/Lib Vlg 1,600,000 1,765,000 1,163,500
Manhattan Bch Mira Costa 1,300,000 1,479,000 2,550,000
Market Median Sales Price 2,075,000 2,080,000 2,262,500
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
Sep Oct Nov
2015 Median Sales Price 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
Market Median Sales Price
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Median Sales Price Year-to-Year by Map Area 2013 2014 2015
Manhattan Bch Sand 2,200,000 2,850,000 3,127,500
Manhattan Bch Tree 2,049,000 1,597,500 2,031,250
Manhattan Bch Hill 2,550,000 4,088,980 -
Manhattan Village 1,327,500 1,127,500 1,150,000
Manhattan Bch Heights/Lib Vlg 900,000 1,250,000 1,163,500
Manhattan Bch Mira Costa 1,580,000 1,900,000 2,550,000
Market Median Sales Price 1,987,000 2,200,000 2,262,500
-
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
2013 2014 2015
Median Sales Price Year-to-Year by Map Area: November
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Market Median Sales Price
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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 26 24 34 32 32 32 30
Manhattan Bch Tree 16 14 20 20 22 20 19 20 20 23 17
Manhattan Bch Hill 2 3 5 6 10 11 14 11 11 10 9
Manhattan Village 6 5 4 3 3 4 2 1 - 2 2
Manhattan Bch Heights/Lib Vlg 4 5 6 8 6 10 9 8 8 4 4
Manhattan Bch Mira Costa 13 11 14 10 15 21 20 22 21 21 24
Total Active Listings 55 57 77 70 82 90 98 94 92 92 86
-
5
10
15
20
25
30
35
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
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
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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 26 24 34 32 32 32 30
Manhattan Bch Tree 16 14 20 20 22 20 19 20 20 23 17
Manhattan Bch Hill 2 3 5 6 10 11 14 11 11 10 9
Manhattan Village 6 5 4 3 3 4 2 1 - 2 2
Manhattan Bch Heights/Lib Vlg 4 5 6 8 6 10 9 8 8 4 4
Manhattan Bch Mira Costa 13 11 14 10 15 21 20 22 21 21 24
Total Active Listings 55 57 77 70 82 90 98 94 92 92 86
Total Sales 21 19 34 31 36 35 32 30 38 32 22
Sales/Listings Ratio 38.2% 33.3% 44.2% 44.3% 43.9% 38.9% 32.7% 31.9% 41.3% 34.8% 25.6%
-
10
20
30
40
50
60
70
80
90
100
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2013 2014 2015
Manhattan Bch Sand 17 17 30
Manhattan Bch Tree 12 10 17
Manhattan Bch Hill 6 9 9
Manhattan Village 2 9 2
Manhattan Bch Heights/Lib Vlg 5 4 4
Manhattan Bch Mira Costa 9 12 24
Total Active Listings 51 61 86
-
10
20
30
40
50
60
70
80
90
2013 2014 2015
Active Listings Year-to-Year by Map Area: November
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Active Listings
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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 2.4 3.0 9.0 4.0 2.0 3.0 8.0
Manhattan Bch Tree 16.0 2.3 3.3 2.0 1.4 2.0 2.0 4.0 1.0 5.0 2.0
Manhattan Bch Hill 0.7 1.5 5.0 6.0 - 3.0 14.0 4.0 4.0 5.0 -
Manhattan Village 2.0 2.5 1.0 1.5 3.0 2.0 1.0 1.0 - 1.0 2.0
Manhattan Bch Heights/Lib Vlg 2.0 1.7 1.5 2.7 1.5 5.0 1.0 2.0 2.0 1.0 2.0
Manhattan Bch Mira Costa 2.2 3.7 2.0 1.7 3.8 2.0 2.0 3.0 7.0 3.0 3.0
-
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Months of Inventory by Map Area
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
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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 2.3 3.0 3.0 3.0 2.0 3.0 4.0
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory Year-to-Year
2013
2014
2015
Summary The Manhattan Beach real estate market enjoyed an 8.8% bump in the market median sales price for November, which amounts
to $182.5K compared to October. All other major data points, however, failed to perform to expectations as total sales, median
days to sell, and the sales/listing ratio trended negative in double digit territory. Thankfully the year-over-year analysis revealed a
$62+K improvement in the market median sales price.
In the news… According to C.A.R., “statewide sales were below the 400,000 mark for the first time in eight months” while
the statewide median home valuation holds strong in the $475K range.
http://www.car.org/newsstand/newsreleases/2015releases/november2015sales?view=Standard
For questions concerning buying or selling, please give me a call today. No commitment necessary, merely interested in helping in
any way I can.
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Month-to-Month Comparison Oct 2015 Nov 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 32 22 -10 -31.3%
Median Sales Price 2,080,000 2,262,500 182,500 8.8%
Median Days to Sell 32 39 7 21.9%
Listings 92 86 -6 -6.5%
Sales/Listing Ratio 34.8% 25.6% -0.092 -26.4%
Months of Inventory 3.0 4.0 1.0 33.3%
Monthly Comparison Year-to-Year Nov 2014 Nov 2015 Delta Delta Increase Decrease
Total Sales 35 22 -13 -37.1%
Median Sales Price 2,200,000 2,262,500 62,500 2.8%
Median Days to Sell 43 39 -4 -9.3%
Listings 61 86 25 41.0%
Months of Inventory 1.5 4.0 2.5 166.7%
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
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About
Hady Chahine…
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s 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.
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