March 2014 Manhattan Beach Real Estate Market Trends Update

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Manhattan Beach real estate statistics and analysis for March 2014. Includes homes sales, listings and historical performance on a month to month and year over year basis.

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March 2014 Manhattan Beach Real Estate Market Trends Update

  1. 1. Manhattan Beach Residential Real Estate Market Conditions March 2014
  2. 2. Table of Contents Key Statistics for March 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 April About the Mother & Son South Bay Real Estate Team Contact Information
  3. 3. Key Statistics for March Back to Table of Contents = trending positive = trending positive = trending negative = trending negative Month-to-Month Comparison Feb 2014 Mar 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 22 33 11 50.0% Median Sales Price 1,952,500 1,717,000 (235,500) -12.1% Median Days to Sell 24 26 2 8.3% Listings 49 73 24 49.0% Sales/Listing Ratio 44.9% 45.2% 0.003 0.7% Months of Inventory 2.2 2.2 0.0 0.0% Monthly Comparison Year-to-Year Mar 2013 Mar 2014 Delta Delta Increase Decrease Total Sales 42 33 -9 -21.4% Median Sales Price 1,552,000 1,717,000 165,000 10.6% Median Days to Sell 28 26 -2 -7.1% Listings 85 73 -12 -14.1% Months of Inventory 2.0 2.2 0.2 10.0%
  4. 4. Back to Table of Contents 0 2 4 6 8 10 12 Jan Feb Mar 2014 Residential Sales Statistics: March Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa 2014 Residential Sales by Map Area Jan Feb Mar Manhattan Bch Sand 4 11 7 Manhattan Bch Tree 3 4 9 Manhattan Bch Hill 1 2 4 Manhattan Village 2 0 2 Manhattan Bch Heights/Lib Vlg 2 2 5 Manhattan Bch Mira Costa 3 3 6 Total Sales 15 22 33
  5. 5. Back to Table of Contents 0 2 4 6 8 10 12 14 16 2012 2013 2014 Total Sales by Map Area: Year-to-Year for March Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Sales by Map Area: Year-to-Year for March 2012 2013 2014 Manhattan Bch Sand 13 15 7 Manhattan Bch Tree 9 8 9 Manhattan Bch Hill 5 5 4 Manhattan Village 4 1 2 Manhattan Bch Heights/Lib Vlg 4 4 5 Manhattan Bch Mira Costa 9 9 6 Total Sales 44 42 33
  6. 6. Back to Table of Contents - 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 Jan Feb Mar 2014 Median Sales Price Statistics: March Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Market Median Sales Price 2014 Median Sales Price by Map Area Jan Feb Mar Manhattan Bch Sand 3,075,000 2,005,000 1,979,000 Manhattan Bch Tree 2,135,000 2,181,000 1,717,000 Manhattan Bch Hill 2,300,000 2,157,500 3,725,000 Manhattan Village 918,750 - 1,017,500 Manhattan Bch Heights/Lib Vlg 1,820,000 1,257,500 1,249,000 Manhattan Bch Mira Costa 1,900,000 1,640,000 1,725,000 Market Median Sales Price 2,152,000 1,952,500 1,717,000
  7. 7. Back to Table of Contents - 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 by Map Area: Year-to-Year for March Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Market Median Sales Price Median Sales Price by Map Area: Year-to-Year for March 2012 2013 2014 Manhattan Bch Sand 1,800,000 1,595,000 1,979,000 Manhattan Bch Tree 1,352,000 1,472,500 1,717,000 Manhattan Bch Hill 2,050,000 2,825,000 3,725,000 Manhattan Village 812,500 825,000 1,017,500 Manhattan Bch Heights/Lib Vlg 912,835 1,040,950 1,249,000 Manhattan Bch Mira Costa 1,350,000 1,320,000 1,725,000 Market Median Sales Price 1,376,000 1,552,000 1,717,000
  8. 8. Back to Table of Contents - 5 10 15 20 25 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 Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa 2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Manhattan Bch Sand 15 15 17 Manhattan Bch Tree 10 10 21 Manhattan Bch Hill 5 6 10 Manhattan Village - 2 5 Manhattan Bch Heights/Lib Vlg 7 9 7 Manhattan Bch Mira Costa 8 7 13 Total Active Listings 45 49 73
  9. 9. Back to Table of Contents - 10 20 30 40 50 60 70 80 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Total Active Listings vs. Total Sales Total Active Listings Total Sales 2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Manhattan Bch Sand 15 15 17 Manhattan Bch Tree 10 10 21 Manhattan Bch Hill 5 6 10 Manhattan Village - 2 5 Manhattan Bch Heights/Lib Vlg 7 9 7 Manhattan Bch Mira Costa 8 7 13 Total Active Listings 45 49 73 Total Sales 15 22 33 Sales/Listings Ratio 33.3% 44.9% 45.2%
  10. 10. Back to Table of Contents 0 5 10 15 20 25 30 35 40 45 2012 2013 2014 Active Listings by Map Area: Year-to-Year for March Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Active Listings by Map Area: Year-to-Year for March 2012 2013 2014 Manhattan Bch Sand 44 35 17 Manhattan Bch Tree 21 25 21 Manhattan Bch Hill 14 6 10 Manhattan Village 4 3 5 Manhattan Bch Heights/Lib Vlg 6 9 7 Manhattan Bch Mira Costa 18 7 13 Total Active Listings 107 85 73
  11. 11. Back to Table of Contents - 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 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 2014 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 Manhattan Bch Tree 3.3 2.5 2.3 Manhattan Bch Hill 5.0 3.0 2.5 Manhattan Village - - 2.5 Manhattan Bch Heights/Lib Vlg 3.5 4.5 1.4 Manhattan Bch Mira Costa 2.7 2.3 2.2
  12. 12. Back to Table of Contents - 1.0 2.0 3.0 4.0 5.0 6.0 7.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Months of Inventory: Year-to-Year 2012 2013 2014 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
  13. 13. Outlook for April Manhattan Beach real estate activity for the month of March was fairly respectable considering the time of year. While the month-to-month median sales price and median days to sell statistics trended slightly negative, it was the month-to-month total sales, listings, and sales/listing ratio that outperformed expectations. Of course, if you factor in the year-over-year median sales price for the month of March you will find a 10.6% improvement in 2014 compared to 2013. So, what should you expect in April? Evaluating all data collected in 2014 it is my position that the month of April will continue to trend positive in most measurement categories, although the tax deadline of April 15th is still a caveat yet to be reckoned with. Thus, time will tell but there is no doubt in my mind with the 49% increase in listings in March that buyer activity should pick up in April. Your recap… Back to Table of Contents Month-to-Month Comparison Feb 2014 Mar 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 22 33 11 50.0% Median Sales Price 1,952,500 1,717,000 (235,500) -12.1% Median Days to Sell 24 26 2 8.3% Listings 49 73 24 49.0% Sales/Listing Ratio 44.9% 45.2% 0.003 0.7% Months of Inventory 2.2 2.2 0.0 0.0%
  14. 14. About the Mother & Son South Bay Real Estate Team…  Serving South Bay Home Buyers and Sellers Since 1989  RE/MAX Top 4 Team in California – 2012  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 Back to Table of Contents
  15. 15. 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. Back to Table of Contents Hady Chahine  hady@hhcrealestate.com  310-404-5361 Hassana Chahine  hassana@hhcrealestate.com  310-756-8949 Listings MLS BLOGWebsite

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