February 2014 Manhattan Beach Real Estate Market Trends Update

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

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February 2014 Manhattan Beach Real Estate Market Trends Update

  1. 1. Manhattan Beach Residential Real Estate Market Conditions February 2014
  2. 2. Table of Contents Key Statistics for February 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 March About the Mother & Son South Bay Real Estate Team Contact Information
  3. 3. Key Statistics for February Back to Table of Contents = trending positive = trending positive = trending negative = trending negative Month-to-Month Comparison Jan 2014 Feb 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 15 22 7 46.7% Median Sales Price 2,152,000 1,952,500 (199,500) -9.3% Median Days to Sell 34 24 -10 -29.4% Listings 45 49 4 8.9% Sales/Listing Ratio 33.3% 44.9% 0.116 34.8% Months of Inventory 3.0 2.2 -0.8 -26.7% Monthly Comparison Year-to-Year Feb 2013 Feb 2014 Delta Delta Increase Decrease Total Sales 22 22 0 0.0% Median Sales Price 1,162,000 1,952,500 790,500 68.0% Median Days to Sell 41 24 -17 -41.5% Listings 74 49 -25 -33.8% Months of Inventory 3.4 2.2 -1.2 -35.3%
  4. 4. Back to Table of Contents 2014 Residential Sales by Map Area Jan Feb Manhattan Bch Sand 4 11 Manhattan Bch Tree 3 4 Manhattan Bch Hill 1 2 Manhattan Village 2 0 Manhattan Bch Heights/Lib Vlg 2 2 Manhattan Bch Mira Costa 3 3 Total Sales 15 22 0 2 4 6 8 10 12 Jan Feb 2014 Residential Sales Statistics: February Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa
  5. 5. Back to Table of Contents Sales by Map Area: Year-to-Year for February 2012 2013 2014 Manhattan Bch Sand 8 7 11 Manhattan Bch Tree 7 3 4 Manhattan Bch Hill 1 3 2 Manhattan Village 1 3 0 Manhattan Bch Heights/Lib Vlg 1 3 2 Manhattan Bch Mira Costa 1 3 3 Total Sales 19 22 22 0 2 4 6 8 10 12 2012 2013 2014 Total Sales by Map Area: Year-to-Year for February Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa
  6. 6. Back to Table of Contents 2014 Median Sales Price by Map Area Jan Feb Manhattan Bch Sand 3,075,000 2,005,000 Manhattan Bch Tree 2,135,000 2,181,000 Manhattan Bch Hill 2,300,000 2,157,500 Manhattan Village 918,750 - Manhattan Bch Heights/Lib Vlg 1,820,000 1,257,500 Manhattan Bch Mira Costa 1,900,000 1,640,000 Market Median Sales Price 2,152,000 1,952,500 - 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 Jan Feb 2014 Median Sales Price Statistics: February 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 by Map Area: Year-to-Year for February 2012 2013 2014 Manhattan Bch Sand 1,637,500 1,925,000 2,005,000 Manhattan Bch Tree 1,750,000 2,010,000 2,181,000 Manhattan Bch Hill 1,100,000 939,094 2,157,500 Manhattan Village 725,000 790,000 - Manhattan Bch Heights/Lib Vlg 950,000 910,000 1,257,500 Manhattan Bch Mira Costa 1,710,000 605,000 1,640,000 Market Median Sales Price 1,625,000 1,162,000 1,952,500 - 500,000 1,000,000 1,500,000 2,000,000 2,500,000 2012 2013 2014 Median Sales Price by Map Area: Year-to-Year for February 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 2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Manhattan Bch Sand 15 15 Manhattan Bch Tree 10 10 Manhattan Bch Hill 5 6 Manhattan Village - 2 Manhattan Bch Heights/Lib Vlg 7 9 Manhattan Bch Mira Costa 8 7 Total Active Listings 45 49 - 2 4 6 8 10 12 14 16 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. 9. Back to Table of Contents 2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Manhattan Bch Sand 15 15 Manhattan Bch Tree 10 10 Manhattan Bch Hill 5 6 Manhattan Village - 2 Manhattan Bch Heights/Lib Vlg 7 9 Manhattan Bch Mira Costa 8 7 Total Active Listings 45 49 Total Sales 15 22 Sales/Listings Ratio 33.3% 44.9% - 5 10 15 20 25 30 35 40 45 50 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 by Map Area: Year-to-Year for February 2012 2013 2014 Manhattan Bch Sand 49 30 15 Manhattan Bch Tree 21 11 10 Manhattan Bch Hill 12 4 6 Manhattan Village 4 4 2 Manhattan Bch Heights/Lib Vlg 8 10 9 Manhattan Bch Mira Costa 21 15 7 Total Active Listings 115 74 49 0 5 10 15 20 25 30 35 40 45 50 2012 2013 2014 Active Listings by Map Area: Year-to-Year for February Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa
  11. 11. Back to Table of Contents 2014 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 Manhattan Bch Tree 3.3 2.5 Manhattan Bch Hill 5.0 3.0 Manhattan Village - - Manhattan Bch Heights/Lib Vlg 3.5 4.5 Manhattan Bch Mira Costa 2.7 2.3 - 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 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. 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 - 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 March Manhattan Beach real estate activity picked up in February with positive trending stats logged for total sales, medial days to sell, listings, sales/listing ratio, and months of inventory. Although the median sales price dropped about 9% based on a month-to-month comparison, the year-over-year statistic for February shows a 63% improvement or $790,500K. With this in mind, expectations are high for March. The only possible drawback to better-than-average performance figures is what influence, if any, the tax season will have on buyer’s behavior. Though, the flip side to this coin is receiving a tax return and using the money to increase purchasing power. The sound of this latter scenario I like! Your recap… Back to Table of Contents Month-to-Month Comparison Jan 2014 Feb 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 15 22 7 46.7% Median Sales Price 2,152,000 1,952,500 (199,500) -9.3% Median Days to Sell 34 24 -10 -29.4% Listings 45 49 4 8.9% Sales/Listing Ratio 33.3% 44.9% 0.116 34.8% Months of Inventory 3.0 2.2 -0.8 -26.7%
  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. 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 Hady Chahine  hady@hhcrealestate.com  310-404-5361 Hassana Chahine  hassana@hhcrealestate.com  310-756-8949 Listings MLS BLOGWebsite

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