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November 2013 Manhattan Beach Real Estate Market Trends Update
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November 2013 Manhattan Beach Real Estate Market Trends Update

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

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

Published in: Real Estate, Business

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  • 1. Manhattan Beach Residential Real Estate Market Conditions November 2013
  • 2. Key Statistics for November Sales 2013 Residential Sales Stats: Sep - Nov Year-to-Year Total Sales by Map Area: Nov Median 2013 Median Sales Stats: Sep - Nov Year-to-Year Median Sales by Map Area: Nov Table of Contents Listings 2013 Active Listings by Map Area 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Nov Inventory 2013 Months of Inventory by Map Area Year-to-Year Months of Inventory Outlook for November About the Mother & Son South Bay Real Estate Team Contact Information
  • 3. Key Statistics for November Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover Oct 2013 Monthly Comparison Year-to-Year Total Sales Median Sales Price Median Days to Sell Listings Inventory Turnover Nov 2012 46 1,249,000 31 95 2.1 29 1,520,000 38 57 50.9 2.0 Nov 2013 Delta (qty) 29 0 1,995,000 475,000 52 14 43 -14 67.4 16.5 1.5 -0.5 Nov 2013 29 1,995,000 52 43 1.5 Delta -17 746,000 21 -52 -0.6 Delta (%) 0.0% 31.3% 36.8% -24.6% 32.4% -25.0% Increase Decrease Delta -37.0% 59.7% 67.7% -54.7% -28.6% Increase Decrease = trending positive Back to Table of Contents = trending positive = trending negative = trending negative
  • 4. 2013 Residential Sales 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 Sep 5 10 6 2 3 6 32 Oct 5 11 3 2 5 3 29 Nov 9 9 3 2 1 5 29 YTD 19 30 12 6 9 14 90 2013 Residential Sales Statistics: Sep - Nov 12 10 Manhattan Bch Sand 8 Manhattan Bch Tree Manhattan Bch Hill Manhattan Village 6 Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa 4 2 0 Sep Back to Table of Contents Oct Nov
  • 5. Sales by Map Area: Year-to-Year for November Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Sales 2011 5 8 2 1 3 6 25 2012 14 12 3 3 7 7 46 2013 9 9 3 2 1 5 29 Total Sales by Map Area: Year-to-Year for November 14 12 Manhattan Bch Sand 10 Manhattan Bch Tree Manhattan Bch Hill 8 Manhattan Village Manhattan Bch Heights/Lib Vlg 6 Manhattan Bch Mira Costa 4 2 0 2011 Back to Table of Contents 2012 2013
  • 6. 2013 Median Sale Price 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 Sale Price Sep Oct Nov 2,100,000 1,739,500 1,639,125 1,292,500 1,049,000 1,724,950 1,707,500 1,760,000 1,520,000 1,750,000 1,017,500 1,335,000 1,960,000 1,520,000 2,200,000 2,049,000 2,550,000 1,327,500 900,000 1,340,000 1,995,000 2013 Median Sale Price Statistics: Sep - Nov 3,000,000 2,500,000 Manhattan Bch Sand Manhattan Bch Tree 2,000,000 Manhattan Bch Hill Manhattan Village 1,500,000 Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa 1,000,000 Market Median Sale Price 500,000 Sep Back to Table of Contents Oct Nov
  • 7. Median Sale Price by Map Area: Year-to-Year for November Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Market Median Sale Price 2011 1,399,000 1,395,000 3,834,500 770,000 640,000 891,500 1,000,000 2012 1,514,500 1,232,500 1,050,000 1,175,000 900,000 1,249,000 1,249,000 2013 2,200,000 2,049,000 2,550,000 1,327,500 900,000 1,340,000 1,995,000 Median Sale Price by Map Area: Year-to-Year for November 4,000,000 3,500,000 3,000,000 Manhattan Bch Sand Manhattan Bch Tree 2,500,000 Manhattan Bch Hill Manhattan Village 2,000,000 Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa 1,500,000 Market Median Sale Price 1,000,000 500,000 2011 Back to Table of Contents 2012 2013
  • 8. 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 2013 Active Listings/Total Sales by Map Area 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 Feb Mar Apr May Jun Jul Jan Feb Mar Apr May Jun 30 11 4 4 10 15 74 35 25 6 3 9 7 85 29 17 6 4 19 75 29 21 12 2 8 20 92 28 8 4 3 3 17 63 28 28 17 3 7 21 104 Aug Jul 25 24 14 5 7 18 93 Sep Oct Nov Dec Aug Sep Oct Nov 22 15 15 5 8 15 80 26 14 11 1 6 11 69 17 12 7 1 9 11 57 13 11 5 2 4 8 43 Dec
  • 9. 2013 Total Active Listings vs. Total Sales 120 100 80 60 Total Active Listings Total Sales 40 20 Jan 2013 Active Listings/Total Sales by Map Area Feb Jan Mar Feb Apr Mar May Apr Jun May Jul Jun Aug Jul Sep Aug Oct Sep Nov Oct Dec Nov Manhattan Bch Sand 28 30 35 29 29 28 25 22 26 17 13 Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 12 11 Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 7 5 Manhattan Village 3 4 3 2 3 5 5 1 1 2 Manhattan Bch Heights/Lib Vlg 3 10 9 4 8 7 7 8 6 9 4 Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11 11 8 Total Active Listings 63 74 85 75 92 104 93 80 69 57 43 Total Sales 22 22 42 45 50 42 45 40 32 29 29 Sales/Listings Ratio 34.9% 29.7% 49.4% 60.0% 54.3% 40.4% 48.4% 50.0% 46.4% 50.9% 67.4% Back to Table of Contents Dec
  • 10. Active Listings by Map Area: Year-to-Year for November Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Active Listings 2011 51 26 11 4 9 15 116 2012 32 17 8 7 8 23 95 2013 13 11 5 2 4 8 43 Active Listings by Map Area: Year-to-Year for November 60 50 Manhattan Bch Sand 40 Manhattan Bch Tree Manhattan Bch Hill 30 Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa 20 10 0 2011 Back to Table of Contents 2012 2013
  • 11. 2013 Months of Inventory by Map Area 18.0 16.0 14.0 Manhattan Bch Sand 12.0 Manhattan Bch Tree 10.0 Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg 8.0 6.0 Manhattan Bch Mira Costa 4.0 2.0 Jan Feb 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 Mar Apr May Jun Feb Mar Apr May 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 Jul Jun 3.1 2.3 5.7 1.5 0.9 2.6 Aug Jul 1.7 2.0 4.7 5.0 1.8 1.8 Sep Oct Nov Aug Sep Oct Nov 3.1 0.9 3.0 5.0 2.0 2.1 5.2 1.4 1.8 0.5 2.0 1.8 3.4 1.1 2.3 0.5 1.8 3.7 1.4 1.2 1.7 1.0 4.0 1.6 Dec Dec
  • 12. Months of Inventory: Year-to-Year 10.0 9.0 8.0 7.0 6.0 2011 5.0 2012 4.0 2013 3.0 2.0 1.0 Jan Feb Mar Apr Months of Inventory: Year-to-Year 2011 2012 2013 Back to Table of Contents May Jan 5.7 6.8 2.9 Jun Feb 9.3 6.1 3.4 Jul Mar 3.6 2.4 2.0 Apr 4.5 2.6 1.7 Aug May 4.6 2.8 1.8 Sep Jun 3.3 2.9 2.5 Jul 3.3 3.0 2.1 Oct Aug 3.8 2.4 2.0 Nov Sep 4.5 4.1 2.2 Dec Oct 5.7 3.2 2.0 Nov 4.6 2.1 1.5 Dec 3.8 1.9
  • 13. Outlook for December Compared to October 2013 data, total residential properties sold during November remained the same at 29. Trending slightly negative is the increase in median days to sell and a decline in total number of new listings. Trending positive, however, is the 31.3% increase in median sales price, 32.4% improvement of the sales/listing ratio, and the 25% decline in the amount of time it takes to turn over inventory. Projections for December, noting seller and buyer activity normally declines during the holiday season, it is expected that the Manhattan Beach residential real estate market will continue this trending behavior. With this in mind, the recap is… Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover Back to Table of Contents Oct 2013 29 1,520,000 38 57 50.9 2.0 Nov 2013 Delta (qty) 29 0 1,995,000 475,000 52 14 43 -14 67.4 16.5 1.5 -0.5 Delta (%) 0.0% 31.3% 36.8% -24.6% 32.4% -25.0% Increase Decrease
  • 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. 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