Manhattan Beach
Residential Real Estate
Market Conditions
May 2014
Table of
Contents
Key Statistics for May
Sales
2014 Residential Sales Stats
Year-to-Year Total Sales by Map Area
Median
20...
Key Statistics for May
Back to Table of Contents
= trending positive = trending positive
= trending negative = trending ne...
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Total Sales Month-to-Month by Map Area Mar Apr May
Manhattan Bch Sand 7 12 10
Manhattan Bch Tree...
Back to Table of Contents
Total Sales Year-to-Year by Map Area 2012 2013 2014
Manhattan Bch Sand 18 16 10
Manhattan Bch Tr...
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Median Sales Price Month-to-Month by Map Area Mar Apr May
Manhattan Bch Sand 1,979,000 2,297,500...
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Median Sales Price Year-to-Year by Map Area 2012 2013 2014
Manhattan Bch Sand 1,790,000 2,112,50...
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Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manh...
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Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manh...
Back to Table of Contents
Active Listings Year-to-Year by Map Area 2012 2013 2014
Manhattan Bch Sand 59 29 19
Manhattan Bc...
Back to Table of Contents
Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sa...
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Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012 6.8 6.1 2....
Outlook for June
Despite real estate activity indicators revealing performance declines in total sales, median days to sal...
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 RE/MAX Top 4 Team in California – 2012
 RE/MAX 100% Club - 2011
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The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s ...
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May 2014 Manhattan Beach Real Estate Market Trends Update

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

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May 2014 Manhattan Beach Real Estate Market Trends Update

  1. 1. Manhattan Beach Residential Real Estate Market Conditions May 2014
  2. 2. Table of Contents Key Statistics for May 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 June About Hady Chahine Contact Information
  3. 3. Key Statistics for May Back to Table of Contents = trending positive = trending positive = trending negative = trending negative Month-to-Month Comparison Apr 2014 May 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 45 43 -2 -4.4% Median Sales Price 1,850,000 1,995,000 145,000 7.8% Median Days to Sell 26 29 3 11.5% Listings 88 85 -3 -3.4% Sales/Listing Ratio 51.1% 50.6% -0.005 -1.0% Months of Inventory 2.0 2.0 0.0 0.0% Monthly Comparison Year-to-Year May 2014 May 2014 Delta Delta Increase Decrease Total Sales 50 43 -7 -14.0% Median Sales Price 1,907,500 1,995,000 87,500 4.6% Median Days to Sell 27 29 2 7.4% Listings 92 85 -7 -7.6% Months of Inventory 1.8 2 0.2 11.1%
  4. 4. Back to Table of Contents Total Sales Month-to-Month by Map Area Mar Apr May Manhattan Bch Sand 7 12 10 Manhattan Bch Tree 9 11 16 Manhattan Bch Hill 4 9 1 Manhattan Village 2 1 3 Manhattan Bch Heights/Lib Vlg 5 6 7 Manhattan Bch Mira Costa 6 6 6 Total Sales 33 45 43 0 5 10 15 20 25 30 35 40 45 Mar Apr May 2014 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
  5. 5. Back to Table of Contents Total Sales Year-to-Year by Map Area 2012 2013 2014 Manhattan Bch Sand 18 16 10 Manhattan Bch Tree 11 18 16 Manhattan Bch Hill 3 3 1 Manhattan Village 5 3 3 Manhattan Bch Heights/Lib Vlg 4 4 7 Manhattan Bch Mira Costa 10 6 6 Total Sales 51 50 43 0 10 20 30 40 50 60 2012 2013 2014 Total Sales Year-to-Year by Map Area: May Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Sales
  6. 6. Back to Table of Contents Median Sales Price Month-to-Month by Map Area Mar Apr May Manhattan Bch Sand 1,979,000 2,297,500 2,150,000 Manhattan Bch Tree 1,717,000 1,805,000 2,045,000 Manhattan Bch Hill 3,725,000 1,930,000 3,890,000 Manhattan Village 1,017,500 1,555,000 1,650,000 Manhattan Bch Heights/Lib Vlg 1,249,000 1,442,500 1,500,000 Manhattan Bch Mira Costa 1,725,000 1,350,000 1,850,000 Market Median Sales Price 1,717,000 1,850,000 1,995,000 - 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 Mar Apr May 2014 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
  7. 7. Back to Table of Contents Median Sales Price Year-to-Year by Map Area 2012 2013 2014 Manhattan Bch Sand 1,790,000 2,112,500 2,150,000 Manhattan Bch Tree 1,350,000 1,730,000 2,045,000 Manhattan Bch Hill 2,100,000 2,700,000 3,890,000 Manhattan Village 885,000 1,270,000 1,650,000 Manhattan Bch Heights/Lib Vlg 940,000 1,482,500 1,500,000 Manhattan Bch Mira Costa 1,396,500 2,170,000 1,850,000 Market Median Sales Price 1,417,500 1,907,500 1,995,000 - 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 Year-to-Year by Map Area: May Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Market Median Sales Price
  8. 8. Back to Table of Contents Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Manhattan Bch Sand 15 15 17 13 19 Manhattan Bch Tree 10 10 21 28 21 Manhattan Bch Hill 5 6 10 10 12 Manhattan Village - 2 5 7 7 Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 Manhattan Bch Mira Costa 8 7 13 20 24 Total Active Listings 45 49 73 88 85 - 5 10 15 20 25 30 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
  9. 9. Back to Table of Contents Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Manhattan Bch Sand 15 15 17 13 19 Manhattan Bch Tree 10 10 21 28 21 Manhattan Bch Hill 5 6 10 10 12 Manhattan Village - 2 5 7 7 Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 Manhattan Bch Mira Costa 8 7 13 20 24 Total Active Listings 45 49 73 88 85 Total Sales 15 22 33 45 43 Sales/Listings Ratio 33.3% 44.9% 45.2% 51.1% 50.6% - 10 20 30 40 50 60 70 80 90 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Total Active Listings vs. Total Sales Total Active Listings Total Sales
  10. 10. Back to Table of Contents Active Listings Year-to-Year by Map Area 2012 2013 2014 Manhattan Bch Sand 59 29 19 Manhattan Bch Tree 32 21 21 Manhattan Bch Hill 16 12 12 Manhattan Village 4 2 7 Manhattan Bch Heights/Lib Vlg 5 8 2 Manhattan Bch Mira Costa 28 20 24 Total Active Listings 144 92 85 0 20 40 60 80 100 120 140 160 2012 2013 2014 Active Listings Year-to-Year by Map Area: May Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Active Listings
  11. 11. Back to Table of Contents 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 1.1 1.9 Manhattan Bch Tree 3.3 2.5 2.3 2.6 1.3 Manhattan Bch Hill 5.0 3.0 2.5 1.1 12.0 Manhattan Village - - 2.5 7.0 2.3 Manhattan Bch Heights/Lib Vlg 3.5 4.5 1.4 1.7 0.3 Manhattan Bch Mira Costa 2.7 2.3 2.2 3.3 4.0 - 2.0 4.0 6.0 8.0 10.0 12.0 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
  12. 12. Back to Table of Contents 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 2.0 2.0 - 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
  13. 13. Outlook for June Despite real estate activity indicators revealing performance declines in total sales, median days to sale, listings, and the sales/listings ratio the median sales price improved 7.8% or $145K during the month of May for the Manhattan Beach market. This increase in the median sales price was also recorded year- over-year for May with 2014 showing a 4.6% gain or $87.5K bump in aggregate appreciation. Of course, expectations for June are extremely positive as mortgage money remains relatively inexpensive and because summertime is historically known for its surge in real estate buyer and seller activity. So the question is: How can we be of service to you? Your recap… Back to Table of Contents Month-to-Month Comparison Apr 2014 May 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 45 43 -2 -4.4% Median Sales Price 1,850,000 1,995,000 145,000 7.8% Median Days to Sell 26 29 3 11.5% Listings 88 85 -3 -3.4% Sales/Listing Ratio 51.1% 50.6% -0.005 -1.0% Months of Inventory 2.0 2.0 0.0 0.0%
  14. 14.  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 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 Listings MLS BLOGWebsite

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