September 2013 Manhattan Beach Real Estate Market Trends Update

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Manhattan Beach real estate statistics and analysis for September 2013. Includes homes sales, listings and historical performance on a month to month and year over year basis.

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September 2013 Manhattan Beach Real Estate Market Trends Update

  1. 1. Manhattan Beach Residential Real Estate Market Conditions September 2013
  2. 2. Key Statistics For September Sales 2013 Residential Sales Stats: July – Sept Graph 2013 Residential Sales Stats: July – Sept Data Year-to-Year Total Sales by Map Area: Sept Graph Year-to-Year Total Sales by Map Area: Sept Data Median 2013 Median Sales Stats: July – Sept Graph 2013 Median Sales Stats: July – Sept Data Year-to-Year Median Sales by Map Area: Sept Graph Year-to-Year Median Sales by Map Area: Sept Data Table of Contents Listings 2013 Active Listings by Map Area Graph 2013 Active Listings by Map Area Data 2013 Total Active Listings vs. Total Sales 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Year-to-Year Active Listings by Map Area: Graph Data Sept Graph Sept Data Inventory 2013 Months of Inventory by Map Area Graph 2013 Months of Inventory by Map Area Data Year-to-Year Months of Inventory Graph Year-to-Year Months of Inventory Data Outlook For October About The Mother & Son South Bay Real Estate Team Contact Information
  3. 3. Key Statistics for September  Total Home Sales: 32  Median Sales Price Up $327.5K  Median Days to Sell: 37  Current Active Listings: 69  Inventory Turnover: 2.2 Months  Sales/Listing Ratio: 46.4% Back to Table of Contents 28.0% from September 2012 23.7% from September 2012 33.0% from September 2012 13.8% from August 2013 53.7% from September 2012
  4. 4. 2013 Residential Sales Statistics: July - Sept 16 14 12 10 Sept 8 Aug July 6 4 2 0 Manhattan Bch Sand Back to Table of Contents Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa * See next slide for supportive data
  5. 5. 2013 Residential Sales by Map Area Sept Aug July YTD Manhattan Bch Sand 5 7 15 27 Manhattan Bch Tree 10 16 12 38 Manhattan Bch Hill 6 5 3 14 Manhattan Village 2 1 1 4 Manhattan Bch Heights/Lib Vlg 3 4 4 11 Manhattan Bch Mira Costa 6 7 10 23 32 40 45 117 Total Sales Back to Table of Contents
  6. 6. Total Sales by Map Area: Year-to-Year for September 35 30 25 20 2013 2012 15 2011 10 5 0 Manhattan Bch Sand Back to Table of Contents Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Sales * See next slide for supportive data
  7. 7. Sales by Map Area: Year-to-Year for September Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Sales Back to Table of Contents 2013 5 10 6 2 3 6 32 2012 8 9 1 0 3 4 25 2011 9 11 3 2 1 8 34
  8. 8. 2013 Median Sales Statistics: July - Sept 2,500,000 2,000,000 1,500,000 Sept Aug 1,000,000 July 500,000 Manhattan Bch Manhattan Bch Manhattan Bch Sand Tree Hill Back to Table of Contents Manhattan Village Manhattan Bch Manhattan Bch Heights/Lib Vlg Mira Costa Market Medians * See next slide for supportive data
  9. 9. 2013 Median Sales by Map Area Sept Aug July Manhattan Bch Sand 2,100,000 1,750,000 1,930,000 Manhattan Bch Tree 1,739,500 1,929,700 1,507,500 Manhattan Bch Hill 1,639,125 2,199,900 1,400,000 Manhattan Village 1,292,500 1,299,000 875,000 Manhattan Bch Heights/Lib Vlg 1,049,000 1,137,000 1,140,000 Manhattan Bch Mira Costa 1,724,950 1,350,000 1,525,000 1,707,500 1,685,000 1,540,000 Market Medians Back to Table of Contents
  10. 10. Median Sales Price by Map Area: Year-to-Year for September 2,500,000 2,000,000 1,500,000 2013 2012 1,000,000 2011 500,000 Manhattan Bch Manhattan Bch Manhattan Bch Sand Tree Hill Back to Table of Contents Manhattan Village Manhattan Bch Manhattan Bch Total Market Heights/Lib Vlg Mira Costa Sales Medians * See next slide for supportive data
  11. 11. Median Sales Price by Map Area: Year-to-Year for September Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Market Sales Medians Back to Table of Contents 2013 2,100,000 1,739,500 1,639,125 1,292,500 1,049,000 1,724,950 1,707,500 2012 1,590,000 1,515,000 1,475,000 975,000 1,057,500 1,380,000 2011 1,500,000 905,000 1,500,000 750,000 836,500 1,167,500 1,137,500
  12. 12. 2013 Active Listings by Map Area 35 30 25 Manhattan Bch Sand Manhattan Bch Tree 20 Manhattan Bch Hill Manhattan Village 15 Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa 10 5 Jan Feb Back to Table of Contents Mar Apr May Jun Jul Aug Sep Oct Nov Dec * See next slide for supportive data
  13. 13. 2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Manhattan Bch Sand 28 30 35 29 29 28 25 22 26 Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 Manhattan Village 3 4 3 2 3 5 5 1 Manhattan Bch Heights/Lib Vlg 3 10 9 4 8 7 7 8 6 Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11 Total Active Listings 63 74 85 75 92 104 93 80 69 Total Sales 22 22 42 45 50 42 45 40 32 Sales/Listings Ratio 34.9% 29.7% 49.4% 60.0% 54.3% 40.4% 48.4% 50.0% 46.4% Back to Table of Contents Oct Nov Dec
  14. 14. 2013 Total Active Listings vs. Total Sales 120 100 80 Total Active Listings 60 Total Sales 40 20 Jan Feb Back to Table of Contents Mar Apr May Jun Jul Aug Sep Oct Nov Dec * See next slide for supportive data
  15. 15. 2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Manhattan Bch Sand 28 30 35 29 29 28 25 22 26 Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 Manhattan Village 3 4 3 2 3 5 5 1 Manhattan Bch Heights/Lib Vlg 3 10 9 4 8 7 7 8 6 Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11 Total Active Listings 63 74 85 75 92 104 93 80 69 Total Sales 22 22 42 45 50 42 45 40 32 Sales/Listings Ratio 34.9% 29.7% 49.4% 60.0% 54.3% 40.4% 48.4% 50.0% 46.4% Back to Table of Contents Oct Nov Dec
  16. 16. Active Listings by Map Area: Year-to-Year for September 80 70 60 50 40 2013 30 2012 20 2011 10 0 Manhattan Bch Sand Back to Table of Contents Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa * See next slide for supportive data
  17. 17. Active Listings by Map Area: Year-to-Year for September Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Active Listings Back to Table of Contents 2013 26 14 11 1 6 11 69 2012 37 17 10 8 9 22 103 2011 73 36 14 7 6 16 152
  18. 18. 2013 Months of Inventory by Map Area 17.0 16.0 15.0 14.0 13.0 12.0 11.0 10.0 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 - Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Jan Feb Back to Table of Contents Mar Apr May Jun Jul Aug Sep Oct Nov Dec * See next slide for supportive data
  19. 19. 2013 Months of Inventory by Map Area Jan Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa 2.0 2.0 2.0 3.0 17.0 Back to Table of Contents Feb Mar Apr May Jun 4.3 3.7 1.3 1.3 3.3 5.0 2.3 3.1 1.2 3.0 2.3 0.8 1.6 1.3 6.0 0.8 3.8 1.8 1.2 4.0 0.7 2.0 3.3 3.1 2.3 5.7 1.5 0.9 2.6 Jul 1.7 2.0 4.7 5.0 1.8 1.8 Aug Sep 3.1 0.9 3.0 5.0 2.0 2.1 5.2 1.4 1.8 0.5 2.0 1.8 Oct Nov Dec
  20. 20. Months of Inventory: Year-to-Year 10.0 9.0 8.0 7.0 6.0 2013 5.0 2012 2011 4.0 3.0 2.0 1.0 Jan Back to Table of Contents Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec * See next slide for supportive data
  21. 21. Months of Inventory: Year-to-Year 2013 2012 2011 Back to Table of Contents Jan 2.9 6.8 5.7 Feb 3.4 6.1 9.3 Mar 2.0 2.4 3.6 Apr May 1.7 1.8 2.6 2.8 4.5 4.6 Jun 2.5 2.9 3.3 Jul 2.1 3.0 3.3 Aug 2.0 2.4 3.8 Sep 2.2 4.1 4.5 Oct Nov Dec 3.2 5.7 2.1 4.6 1.9 3.8
  22. 22. Outlook for October Based on historical trends, it is expected that the supply of properties for sale in October will increase as buyer activity decreases. This normally occurs this time of year because people are focusing their attentions elsewhere, such as children returning to school and preparing for the holiday season. Since mortgage interest rates remain relatively low, however, it is anticipated that buyer activity will remain strong throughout October, and perhaps even thru the end of 2013. With this in mind – supply increasing and buyers aggressively shopping – Q4 of 2013 might prove very active! Thus, it is reasonable to conclude that sellers should negotiate strong purchase offers with reasonable terms. Buyers, on the other hand, should shop all available listings as supply is likely to increase in volume making possible many acceptable alternatives to choose from. Keep in mind…  Residential home sales increased 28% from September 2012 to 2013  Median sales price increased $327.5K from September 2012 to 2013  Median days to sell decreased 33% from September 2012 to 2013  Months of inventory is improving with declines seen throughout 2013 relative to 2012  Active listings in September 2013 totaled 69, which is down 13.8% from August  And, the sales/listing ratio remains stable at 46.4% Back to Table of Contents
  23. 23. 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
  24. 24. Hassana Chahine  hassana@hhcrealestate.com  310-756-8949 Hady Chahine  hady@hhcrealestate.com  310-404-5361 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/ 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

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