Manhattan Beach
Residential Real Estate
Market Conditions
December 2013
Key Statistics for December
Sales
2013 Residential Sales Stats: Oct - Dec
Year-to-Year Total Sales by Map Area: Dec
Median...
Key Statistics for December
Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Li...
2013 Residential Sales by Map Area
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bc...
Sales by Map Area: Year-to-Year for December
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Ma...
2013 Median Sale Price by Map Area
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bc...
Median Sale Price by Map Area: Year-to-Year for December
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhatta...
2013 Active Listings by Map Area
35

30
25
20
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
M...
2013 Total Active Listings vs. Total Sales
120
100
80
60
Total Active Listings
Total Sales

40

20
Jan

2013 Active Listin...
Active Listings by Map Area: Year-to-Year for December
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan ...
2013 Months of Inventory by Map Area
18.0

16.0
14.0
12.0

Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhat...
Months of Inventory: Year-to-Year
10.0
9.0
8.0
7.0
6.0
2011
2012
2013

5.0
4.0
3.0
2.0
1.0
Jan

Feb

Mar

Months of Invent...
Outlook for January
For December 2013, the Manhattan Beach residential real estate market performed as expected with
trend...
About the Mother & Son
South Bay Real Estate Team…
 Serving South Bay Home Buyers and Sellers Since 1989
 RE/MAX Top 4 T...
Hassana Chahine
 hassana@hhcrealestate.com
 310-756-8949

Hady Chahine
 hady@hhcrealestate.com
 310-404-5361

Website:...
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December 2013 Manhattan Beach Real Estate Market Trends Update

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

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December 2013 Manhattan Beach Real Estate Market Trends Update

  1. 1. Manhattan Beach Residential Real Estate Market Conditions December 2013
  2. 2. Key Statistics for December Sales 2013 Residential Sales Stats: Oct - Dec Year-to-Year Total Sales by Map Area: Dec Median 2013 Median Sales Stats: Oct - Dec Year-to-Year Median Sales by Map Area: Dec 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: Dec Inventory 2013 Months of Inventory by Map Area Year-to-Year Months of Inventory Outlook for January About the Mother & Son South Bay Real Estate Team Contact Information
  3. 3. Key Statistics for December Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover Nov 2013 29 1,995,000 52 43 67.4 1.5 Dec 2013 Monthly Comparison Year-to-Year Total Sales Median Sales Price Median Days to Sell Listings Inventory Turnover Dec 2012 Dec 2013 36 1,362,500 45 70 1.9 28 1,395,000 31 23 121.7 0.8 28 1,395,000 31 23 0.8 Delta (qty) -1 (600,000) -21 -20 54.3 -0.7 Delta -8 32,500 -14 -47 -1.1 Delta (%) -3.4% -30.1% -40.4% -46.5% 80.6% -46.7% Increase Decrease Delta -22.2% 2.4% -31.1% -67.1% -57.9% Increase Decrease = trending positive Back to Table of Contents = trending positive = trending negative = trending negative
  4. 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 Oct 5 11 3 2 5 3 29 Nov 9 9 3 2 1 5 29 Dec 7 5 3 2 6 5 28 YTD 21 25 9 6 12 13 86 2013 Residential Sales Statistics: Oct - Dec 12 10 8 Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill 6 Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa 4 2 0 Oct Back to Table of Contents Nov Dec
  5. 5. Sales by Map Area: Year-to-Year for December Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Sales 2011 10 5 0 2 3 7 27 2012 9 9 1 3 4 10 36 2013 7 5 3 2 6 5 28 Total Sales by Map Area: Year-to-Year for December 10 9 8 7 Manhattan Bch Sand 6 Manhattan Bch Tree Manhattan Bch Hill 5 Manhattan Village 4 Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa 3 2 1 0 2011 Back to Table of Contents 2012 2013
  6. 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 Oct Nov Dec 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 1,999,000 1,790,000 3,800,000 982,500 811,250 1,250,000 1,395,000 2013 Median Sale Price Statistics: Oct - Dec 4,000,000 3,500,000 3,000,000 Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Market Median Sale Price 2,500,000 2,000,000 1,500,000 1,000,000 500,000 Oct Back to Table of Contents Nov Dec
  7. 7. Median Sale Price by Map Area: Year-to-Year for December 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 1,720,000 1,499,000 1,008,500 865,000 1,440,000 1,450,000 2012 2,218,000 950,000 1,825,000 1,210,000 974,500 1,663,250 1,362,500 2013 1,999,000 1,790,000 3,800,000 982,500 811,250 1,250,000 1,395,000 Median Sale Price by Map Area: Year-to-Year for December 4,000,000 3,500,000 3,000,000 Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Market Median Sale Price 2,500,000 2,000,000 1,500,000 1,000,000 500,000 2011 Back to Table of Contents 2012 2013
  8. 8. 2013 Active Listings by Map Area 35 30 25 20 Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa 15 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 Jan 28 8 4 3 3 17 63 Mar Apr May Jun Feb Mar Apr May 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 Jul Jun 28 28 17 3 7 21 104 Aug Jul 25 24 14 5 7 18 93 Sep Oct Nov Dec Aug Sep Oct Nov Dec 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 7 8 2 2 4 23
  9. 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 Sep Oct Nov Jul Aug Sep Oct Dec Nov Dec Manhattan Bch Sand 28 30 35 29 29 28 25 22 26 17 13 7 Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 12 11 8 Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 7 5 2 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 2 Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11 11 8 4 Total Active Listings 63 74 85 75 92 104 93 80 69 57 43 23 Total Sales 22 22 42 45 50 42 45 40 32 29 29 28 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% 121.7% Back to Table of Contents
  10. 10. Active Listings by Map Area: Year-to-Year for December Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Active Listings 2011 46 18 12 5 5 16 102 2012 26 11 7 5 5 16 70 2013 7 8 2 0 2 4 23 Active Listings by Map Area: Year-to-Year for December 50 45 40 35 Manhattan Bch Sand Manhattan Bch Tree 30 Manhattan Bch Hill 25 Manhattan Village Manhattan Bch Heights/Lib Vlg 20 Manhattan Bch Mira Costa 15 10 5 0 2011 Back to Table of Contents 2012 2013
  11. 11. 2013 Months of Inventory by Map Area 18.0 16.0 14.0 12.0 Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa 10.0 8.0 6.0 4.0 2.0 Jan 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 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 Jun Jun 3.1 2.3 5.7 1.5 0.9 2.6 Jul Jul 1.7 2.0 4.7 5.0 1.8 1.8 Aug Sep Oct Nov Dec Aug Sep Oct Nov Dec 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 1.0 1.6 0.7 0.3 0.8
  12. 12. Months of Inventory: Year-to-Year 10.0 9.0 8.0 7.0 6.0 2011 2012 2013 5.0 4.0 3.0 2.0 1.0 Jan Feb Mar Months of Inventory: Year-to-Year 2011 2012 2013 Back to Table of Contents Apr May Jan 5.7 6.8 2.9 Jun Feb 9.3 6.1 3.4 Mar 3.6 2.4 2.0 Jul 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 0.8
  13. 13. Outlook for January For December 2013, the Manhattan Beach residential real estate market performed as expected with trending decreases in total sales, median sales price, and the number of listings. On a more positive note, however, improvements were recorded for median days to sell, sales/listing ratio, and the inventory turnover rates. Projections for the New Year are encouraging given a fairly steady interest in buyer and seller activity and because the cost to borrower money remains at historically low levels. For questions concerning market trending behavior, or to request a complementary comparative market analysis, please give me a call. 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 Nov 2013 29 1,995,000 52 43 67.4 1.5 Dec 2013 28 1,395,000 31 23 121.7 0.8 Delta (qty) -1 (600,000) -21 -20 54.3 -0.7 Delta (%) -3.4% -30.1% -40.4% -46.5% 80.6% -46.7% Increase Decrease
  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. 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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