September 2015 Manhattan Beach Real Estate Market Trends Update

Manhattan Beach Residential Real Estate

Market Conditions September 2015

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Table of

Contents

Key Statistics for September

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 September

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= trending positive = trending positive

= trending negative = trending negative

Monthly Comparison Year-to-Year Sep 2014 Sep 2015 Delta Delta Increase Decrease

Total Sales 27 38 11 40.7%

Median Sales Price 1,710,000 2,075,000 365,000 21.3%

Median Days to Sell 46 50 4 8.7%

Listings 89 92 3 3.4%

Months of Inventory 2.8 2.0 -0.8 -28.6%

Month-to-Month Comparison Aug 2015 Sep 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 30 38 8 26.7%



Listings 94 92 -2 -2.1%

Sales/Listing Ratio 31.9% 41.3% 0.094 29.5%




Total Sales Month-to-Month by Map Area Jul Aug Sep

Manhattan Bch Sand 4 9 13

Manhattan Bch Tree 9 5 14

Manhattan Bch Hill 1 3 3

Manhattan Village 2 2 -

Manhattan Bch Heights/Lib Vlg 7 4 5

Manhattan Bch Mira Costa 9 7 3

Total Sales 32 30 38

-

5

10

15

20

25

30

35

40

Jul Aug Sep

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



Total Sales Year-to-Year by Map Area 2013 2014 2015







Total Sales 32 27 38

-

5

10

15

20

25

30

35

40

2013 2014 2015

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Sales



Median Sales Price Month-to-Month by Map Area Jul Aug Sep

Manhattan Bch Sand 7,156,250 3,850,000 2,250,000

Manhattan Bch Tree 2,075,000 2,525,000 2,310,750

Manhattan Bch Hill 9,400,000 1,922,500 2,000,000

Manhattan Village 1,386,500 1,334,500 -

Manhattan Bch Heights/Lib Vlg 1,400,000 1,200,000 1,600,000

Manhattan Bch Mira Costa 1,229,000 1,575,000 1,300,000

Market Median Sales Price 1,655,000 1,949,500 2,075,000

-

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

8,000,000

9,000,000

10,000,000

Jul Aug Sep

2015 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 2013 2014 2015

Manhattan Bch Sand 2,100,000 2,387,500 2,250,000

Manhattan Bch Tree 1,739,500 1,910,000 2,310,750

Manhattan Bch Hill 1,639,125 2,205,000 2,000,000

Manhattan Village 1,292,500 1,375,000 -

Manhattan Bch Heights/Lib Vlg 1,049,000 1,362,500 1,600,000

Manhattan Bch Mira Costa 1,724,950 1,700,000 1,300,000

Market Median Sales Price 1,707,500 1,710,000 2,075,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

2013 2014 2015

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

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 14 19 28 23 26 24 34 32 32

Manhattan Bch Tree 16 14 20 20 22 20 19 20 20

Manhattan Bch Hill 2 3 5 6 10 11 14 11 11

Manhattan Village 6 5 4 3 3 4 2 1 -

Manhattan Bch Heights/Lib Vlg 4 5 6 8 6 10 9 8 8

Manhattan Bch Mira Costa 13 11 14 10 15 21 20 22 21

Total Active Listings 55 57 77 70 82 90 98 94 92

-

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





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

Manhattan Bch Tree 16 14 20 20 22 20 19 20 20

Manhattan Bch Hill 2 3 5 6 10 11 14 11 11

Manhattan Village 6 5 4 3 3 4 2 1 -

Manhattan Bch Heights/Lib Vlg 4 5 6 8 6 10 9 8 8

Manhattan Bch Mira Costa 13 11 14 10 15 21 20 22 21

Total Active Listings 55 57 77 70 82 90 98 94 92

Total Sales 21 19 34 31 36 35 32 30 38

Sales/Listings Ratio 38.2% 33.3% 44.2% 44.3% 43.9% 38.9% 32.7% 31.9% 41.3%

-

10

20

30

40

50

60

70

80

90

100


2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2013 2014 2015







Total Active Listings 73 89 92

-

10

20

30

40

50

60

70

80

90

100

2013 2014 2015

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

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 2.3 6.3 2.3 2.6 2.4 3.0 9.0 4.0 2.0

Manhattan Bch Tree 16.0 2.3 3.3 2.0 1.4 2.0 2.0 4.0 1.0

Manhattan Bch Hill 0.7 1.5 5.0 6.0 - 3.0 14.0 4.0 4.0

Manhattan Village 2.0 2.5 1.0 1.5 3.0 2.0 1.0 1.0 -

Manhattan Bch Heights/Lib Vlg 2.0 1.7 1.5 2.7 1.5 5.0 1.0 2.0 2.0

Manhattan Bch Mira Costa 2.2 3.7 2.0 1.7 3.8 2.0 2.0 3.0 7.0

-

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0


2015 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

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

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5


Months of Inventory Year-to-Year

2013

2014

2015


Summary The Manhattan Beach real estate market was quite active in September posting a 26.7% increase in total sales, a 6.4% bump in

the market median sales price, and a 29.5% improvement in the sales/listing ratio. Moving in the opposite direction were total

listings and the market median days to sell, which dropped 2.1% and increased 51.5% respectively speaking. A year-over-year

analysis, however, clearly shows this highly coveted beach community remains in high demand with the market median sales

price up by more than $360K and total sales exceeding 40%.

In the news… According to C.A.R., “Statewide sales were above the 400,000 mark for the sixth straight month” with the median

home price increasing “4.3 percent from September 2014.”

http://www.car.org/newsstand/newsreleases/2015releases/septemberhomesales

For my perspective on real estate market trending behavior please contact me today, because the process of buying and selling

property is often more complicated than it appears.


Monthly Comparison Year-to-Year Sep 2014 Sep 2015 Delta Delta Increase Decrease

Total Sales 27 38 11 40.7%



Listings 89 92 3 3.4%


Month-to-Month Comparison Aug 2015 Sep 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 30 38 8 26.7%



Listings 94 92 -2 -2.1%

Sales/Listing Ratio 31.9% 41.3% 0.094 29.5%



http://www.car.org/newsstand/newsreleases/2015releases/septemberhomesales?view=Standard

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About

Hady Chahine…


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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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