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Manhattan Beach
Residential Real Estate
Market Conditions
July 2014
Table of
Contents
Key Statistics for July
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 August
About Hady Chahine
Contact Information
Key Statistics for July
Back to Table of Contents
= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Jun 2014 Jul 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 42 36 -6 -14.3%
Median Sales Price 1,902,500 1,927,500 25,000 1.3%
Median Days to Sell 39 43 4 10.3%
Listings 83 78 -5 -6.0%
Sales/Listing Ratio 50.6% 46.2% -0.044 -8.7%
Months of Inventory 2.7 2.0 -0.7 -25.9%
Monthly Comparison Year-to-Year Jul 2013 Jul 2014 Delta Delta Increase Decrease
Total Sales 45 36 -9 -20.0%
Median Sales Price 1,540,000 1,927,500 387,500 25.2%
Median Days to Sell 33 43 10 30.3%
Listings 94 78 -16 -17.0%
Months of Inventory 2.1 2.2 0.1 4.8%
Back to Table of Contents
Total Sales Month-to-Month by Map Area May Jun Jul
Manhattan Bch Sand 10 8 6
Manhattan Bch Tree 16 18 13
Manhattan Bch Hill 1 4 2
Manhattan Village 3 3 4
Manhattan Bch Heights/Lib Vlg 7 2 1
Manhattan Bch Mira Costa 6 7 10
Total Sales 43 42 36
0
5
10
15
20
25
30
35
40
45
May Jun Jul
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
Back to Table of Contents
Total Sales Year-to-Year by Map Area 2012 2013 2014
Manhattan Bch Sand 12 15 6
Manhattan Bch Tree 11 12 13
Manhattan Bch Hill 3 3 2
Manhattan Village 5 1 4
Manhattan Bch Heights/Lib Vlg 2 4 1
Manhattan Bch Mira Costa 8 10 10
Total Sales 41 45 36
0
5
10
15
20
25
30
35
40
45
2012 2013 2014
Total Sales Year-to-Year by Map Area: July
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
Median Sales Price Month-to-Month by Map Area May Jun Jul
Manhattan Bch Sand 2,150,000 1,855,000 2,880,000
Manhattan Bch Tree 2,045,000 2,112,500 2,050,000
Manhattan Bch Hill 3,890,000 3,465,000 2,605,000
Manhattan Village 1,650,000 1,618,000 1,365,000
Manhattan Bch Heights/Lib Vlg 1,500,000 1,260,500 1,385,000
Manhattan Bch Mira Costa 1,850,000 1,915,000 1,562,500
Market Median Sales Price 1,995,000 1,902,500 1,927,500
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
May Jun Jul
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
Back to Table of Contents
Median Sales Price Year-to-Year by Map Area 2012 2013 2014
Manhattan Bch Sand 1,641,250 1,930,000 2,880,000
Manhattan Bch Tree 1,575,000 1,507,500 2,050,000
Manhattan Bch Hill 3,400,000 1,400,000 2,605,000
Manhattan Village 790,000 875,000 1,365,000
Manhattan Bch Heights/Lib Vlg 797,000 1,140,000 1,385,000
Manhattan Bch Mira Costa 1,075,000 1,525,000 1,562,500
Market Median Sales Price 1,300,000 1,540,000 1,927,500
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
2012 2013 2014
Median Sales Price Year-to-Year by Map Area: July
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Market Median Sales Price
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 24 23
Manhattan Bch Tree 10 10 21 28 21 19 14
Manhattan Bch Hill 5 6 10 10 12 6 6
Manhattan Village - 2 5 7 7 9 8
Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6 5
Manhattan Bch Mira Costa 8 7 13 20 24 19 22
Total Active Listings 45 49 73 88 85 83 78
-
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
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
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 24 23
Manhattan Bch Tree 10 10 21 28 21 19 14
Manhattan Bch Hill 5 6 10 10 12 6 6
Manhattan Village - 2 5 7 7 9 8
Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6 5
Manhattan Bch Mira Costa 8 7 13 20 24 19 22
Total Active Listings 45 49 73 88 85 83 78
Total Sales 15 22 33 45 43 42 36
Sales/Listings Ratio 33.3% 44.9% 45.2% 51.1% 50.6% 50.6% 46.2%
-
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
Back to Table of Contents
Active Listings Year-to-Year by Map Area 2012 2013 2014
Manhattan Bch Sand 45 26 23
Manhattan Bch Tree 24 24 14
Manhattan Bch Hill 12 14 6
Manhattan Village 4 5 8
Manhattan Bch Heights/Lib Vlg 8 7 5
Manhattan Bch Mira Costa 28 18 22
Total Active Listings 121 94 78
0
20
40
60
80
100
120
140
2012 2013 2014
Active Listings Year-to-Year by Map Area: July
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
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 3.0 3.8
Manhattan Bch Tree 3.3 2.5 2.3 2.6 1.3 1.1 1.1
Manhattan Bch Hill 5.0 3.0 2.5 1.1 12.0 1.5 3.0
Manhattan Village - - 2.5 7.0 2.3 3.0 2.0
Manhattan Bch Heights/Lib Vlg 3.5 4.5 1.4 1.7 0.3 3.0 5.0
Manhattan Bch Mira Costa 2.7 2.3 2.2 3.3 4.0 2.7 2.2
-
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
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
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 2.0 2.2
-
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
Outlook for August
In summary, the Manhattan Beach real estate market trended rather consistent during the month of July
with respect to June. While some performance indicators dropped slightly, such as total sales, median
days to sell, and listings, other measurements improved, such as the median sales price and months of
inventory. The most glaring improvement, however, was the year-over-year median sales price, which
increased 25.2% or $387,500.
With this in mind, it is reasonable to assume the month of August will produce similar results given
mortgage money remains relatively cheap, housing inventories are competitive, and banks continue to
make loans to qualified buyers. If you are in the market to buy or sell, please do not hesitate to give me
a call so we can discuss how I can be of service to you.
Your recap…
Back to Table of Contents
Month-to-Month Comparison Jun 2014 Jul 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 42 36 -6 -14.3%
Median Sales Price 1,902,500 1,927,500 25,000 1.3%
Median Days to Sell 39 43 4 10.3%
Listings 83 78 -5 -6.0%
Sales/Listing Ratio 50.6% 46.2% -0.044 -8.7%
Months of Inventory 2.7 2.0 -0.7 -25.9%
 Serving South Bay Home Buyers and Sellers Since 2001
 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
About
Hady Chahine…
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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July 2014 Manhattan Beach Real Estate Market Trends Update

  • 1. Manhattan Beach Residential Real Estate Market Conditions July 2014
  • 2. Table of Contents Key Statistics for July 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 August About Hady Chahine Contact Information
  • 3. Key Statistics for July Back to Table of Contents = trending positive = trending positive = trending negative = trending negative Month-to-Month Comparison Jun 2014 Jul 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 42 36 -6 -14.3% Median Sales Price 1,902,500 1,927,500 25,000 1.3% Median Days to Sell 39 43 4 10.3% Listings 83 78 -5 -6.0% Sales/Listing Ratio 50.6% 46.2% -0.044 -8.7% Months of Inventory 2.7 2.0 -0.7 -25.9% Monthly Comparison Year-to-Year Jul 2013 Jul 2014 Delta Delta Increase Decrease Total Sales 45 36 -9 -20.0% Median Sales Price 1,540,000 1,927,500 387,500 25.2% Median Days to Sell 33 43 10 30.3% Listings 94 78 -16 -17.0% Months of Inventory 2.1 2.2 0.1 4.8%
  • 4. Back to Table of Contents Total Sales Month-to-Month by Map Area May Jun Jul Manhattan Bch Sand 10 8 6 Manhattan Bch Tree 16 18 13 Manhattan Bch Hill 1 4 2 Manhattan Village 3 3 4 Manhattan Bch Heights/Lib Vlg 7 2 1 Manhattan Bch Mira Costa 6 7 10 Total Sales 43 42 36 0 5 10 15 20 25 30 35 40 45 May Jun Jul 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. Back to Table of Contents Total Sales Year-to-Year by Map Area 2012 2013 2014 Manhattan Bch Sand 12 15 6 Manhattan Bch Tree 11 12 13 Manhattan Bch Hill 3 3 2 Manhattan Village 5 1 4 Manhattan Bch Heights/Lib Vlg 2 4 1 Manhattan Bch Mira Costa 8 10 10 Total Sales 41 45 36 0 5 10 15 20 25 30 35 40 45 2012 2013 2014 Total Sales Year-to-Year by Map Area: July Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Sales
  • 6. Back to Table of Contents Median Sales Price Month-to-Month by Map Area May Jun Jul Manhattan Bch Sand 2,150,000 1,855,000 2,880,000 Manhattan Bch Tree 2,045,000 2,112,500 2,050,000 Manhattan Bch Hill 3,890,000 3,465,000 2,605,000 Manhattan Village 1,650,000 1,618,000 1,365,000 Manhattan Bch Heights/Lib Vlg 1,500,000 1,260,500 1,385,000 Manhattan Bch Mira Costa 1,850,000 1,915,000 1,562,500 Market Median Sales Price 1,995,000 1,902,500 1,927,500 - 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 May Jun Jul 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. Back to Table of Contents Median Sales Price Year-to-Year by Map Area 2012 2013 2014 Manhattan Bch Sand 1,641,250 1,930,000 2,880,000 Manhattan Bch Tree 1,575,000 1,507,500 2,050,000 Manhattan Bch Hill 3,400,000 1,400,000 2,605,000 Manhattan Village 790,000 875,000 1,365,000 Manhattan Bch Heights/Lib Vlg 797,000 1,140,000 1,385,000 Manhattan Bch Mira Costa 1,075,000 1,525,000 1,562,500 Market Median Sales Price 1,300,000 1,540,000 1,927,500 - 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 2012 2013 2014 Median Sales Price Year-to-Year by Map Area: July 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. 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 24 23 Manhattan Bch Tree 10 10 21 28 21 19 14 Manhattan Bch Hill 5 6 10 10 12 6 6 Manhattan Village - 2 5 7 7 9 8 Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6 5 Manhattan Bch Mira Costa 8 7 13 20 24 19 22 Total Active Listings 45 49 73 88 85 83 78 - 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 Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa
  • 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 24 23 Manhattan Bch Tree 10 10 21 28 21 19 14 Manhattan Bch Hill 5 6 10 10 12 6 6 Manhattan Village - 2 5 7 7 9 8 Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6 5 Manhattan Bch Mira Costa 8 7 13 20 24 19 22 Total Active Listings 45 49 73 88 85 83 78 Total Sales 15 22 33 45 43 42 36 Sales/Listings Ratio 33.3% 44.9% 45.2% 51.1% 50.6% 50.6% 46.2% - 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. Back to Table of Contents Active Listings Year-to-Year by Map Area 2012 2013 2014 Manhattan Bch Sand 45 26 23 Manhattan Bch Tree 24 24 14 Manhattan Bch Hill 12 14 6 Manhattan Village 4 5 8 Manhattan Bch Heights/Lib Vlg 8 7 5 Manhattan Bch Mira Costa 28 18 22 Total Active Listings 121 94 78 0 20 40 60 80 100 120 140 2012 2013 2014 Active Listings Year-to-Year by Map Area: July Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Active Listings
  • 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 3.0 3.8 Manhattan Bch Tree 3.3 2.5 2.3 2.6 1.3 1.1 1.1 Manhattan Bch Hill 5.0 3.0 2.5 1.1 12.0 1.5 3.0 Manhattan Village - - 2.5 7.0 2.3 3.0 2.0 Manhattan Bch Heights/Lib Vlg 3.5 4.5 1.4 1.7 0.3 3.0 5.0 Manhattan Bch Mira Costa 2.7 2.3 2.2 3.3 4.0 2.7 2.2 - 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 Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa
  • 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 2.0 2.2 - 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. Outlook for August In summary, the Manhattan Beach real estate market trended rather consistent during the month of July with respect to June. While some performance indicators dropped slightly, such as total sales, median days to sell, and listings, other measurements improved, such as the median sales price and months of inventory. The most glaring improvement, however, was the year-over-year median sales price, which increased 25.2% or $387,500. With this in mind, it is reasonable to assume the month of August will produce similar results given mortgage money remains relatively cheap, housing inventories are competitive, and banks continue to make loans to qualified buyers. If you are in the market to buy or sell, please do not hesitate to give me a call so we can discuss how I can be of service to you. Your recap… Back to Table of Contents Month-to-Month Comparison Jun 2014 Jul 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 42 36 -6 -14.3% Median Sales Price 1,902,500 1,927,500 25,000 1.3% Median Days to Sell 39 43 4 10.3% Listings 83 78 -5 -6.0% Sales/Listing Ratio 50.6% 46.2% -0.044 -8.7% Months of Inventory 2.7 2.0 -0.7 -25.9%
  • 14.  Serving South Bay Home Buyers and Sellers Since 2001  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 About Hady Chahine…
  • 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