The document provides market statistics for residential real estate in Manhattan Beach for July 2016. Total sales decreased 20.5% month-to-month while the median sales price increased 17.2%. Year-over-year, total sales decreased slightly but the median sales price increased 36.3%. Active listings decreased 5.7% month-to-month but were up 38.3% from the previous year. Months of inventory increased 25% from the prior month and 66.7% from July 2015.
2. Table of
Contents
Key Statistics for July
Sales
2016 Residential Sales Stats
Year-to-Year Total Sales by Map Area
Median
2016 Median Sales Stats
Year-to-Year Median Sales by Map Area
Listings
2016 Active Listings by Map Area
2016 Total Active Listings vs. Total Sales
Year-to-Year Active Listings by Map Area
Inventory
2016 Months of Inventory by Map Area
Year-to-Year Months of Inventory
Summary
About Hady Chahine
Contact Information
3. Key Statistics for July
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Jun 2016 July 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 39 31 -8 -20.5%
Median Sales Price 1,924,000 2,255,000 331,000 17.2%
Median Days to Sell 41 39 -2 -4.9%
Listings 157 148 -9 -5.7%
Sales/Listing Ratio 24.8% 20.9% -0.039 -15.7%
Months of Inventory 4.0 5.0 1.0 25.0%
Monthly Comparison Year-to-Year Jul 2015 Jul 2016 Delta Delta Increase Decrease
Total Sales 32 31 -1 -3.1%
Median Sales Price 1,655,000 2,255,000 600,000 36.3%
Median Days to Sell 38 39 1 2.6%
Listings 107 148 41 38.3%
Months of Inventory 3.0 5.0 2 66.7%
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Total Sales Month-to-Month by Map Area May Jun Jul
Manhattan Bch Sand 12 7 9
Manhattan Bch Tree 16 13 8
Manhattan Bch Hill 4 2 1
Manhattan Village 2 1 2
Manhattan Bch Heights/Lib Vlg 4 8 3
Manhattan Bch Mira Costa 5 8 8
Total Sales 43 39 31
-
5
10
15
20
25
30
35
40
45
May Jun Jul
2016 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
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Total Sales Year-to-Year by Map Area 2014 2015 2016
Manhattan Bch Sand 6 4 9
Manhattan Bch Tree 13 9 8
Manhattan Bch Hill 2 1 1
Manhattan Village 4 2 2
Manhattan Bch Heights/Lib Vlg 1 7 3
Manhattan Bch Mira Costa 10 9 8
Total Sales 36 32 31
-
5
10
15
20
25
30
35
40
2014 2015 2016
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
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Median Sales Price Month-to-Month by Map Area May Jun Jul
Manhattan Bch Sand 3,475,000 2,245,000 2,800,000
Manhattan Bch Tree 2,188,750 1,805,000 3,000,000
Manhattan Bch Hill 5,175,000 2,900,500 6,350,000
Manhattan Village 1,627,500 985,000 1,355,000
Manhattan Bch Heights/Lib Vlg 1,707,500 1,660,000 1,340,000
Manhattan Bch Mira Costa 1,425,000 2,110,000 2,004,500
Market Median Sales Price 2,225,000 1,924,000 2,255,000
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
May Jun Jul
2016 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
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Median Sales Price Year-to-Year by Map Area 2014 2015 2016
Manhattan Bch Sand 2,880,000 7,156,250 2,800,000
Manhattan Bch Tree 2,050,000 2,075,000 3,000,000
Manhattan Bch Hill 2,605,000 9,400,000 6,350,000
Manhattan Village 1,365,000 1,386,500 1,355,000
Manhattan Bch Heights/Lib Vlg 1,385,000 1,400,000 1,340,000
Manhattan Bch Mira Costa 1,562,500 1,229,000 2,004,500
Market Median Sales Price 1,927,500 1,655,000 2,255,000
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
2014 2015 2016
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
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Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 31 35 37 45 53 58 47
Manhattan Bch Tree 16 24 40 31 34 37 34
Manhattan Bch Hill 8 12 13 16 17 15 15
Manhattan Village 3 3 4 6 7 6 3
Manhattan Bch Heights/Lib Vlg 4 9 10 11 15 13 17
Manhattan Bch Mira Costa 19 14 16 21 23 28 32
Total Active Listings 81 97 120 130 149 157 148
-
10
20
30
40
50
60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 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
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Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 31 35 37 45 53 58 47
Manhattan Bch Tree 16 24 40 31 34 37 34
Manhattan Bch Hill 8 12 13 16 17 15 15
Manhattan Village 3 3 4 6 7 6 3
Manhattan Bch Heights/Lib Vlg 4 9 10 11 15 13 17
Manhattan Bch Mira Costa 19 14 16 21 23 28 32
Total Active Listings 81 97 120 130 149 157 148
Total Sales 15 21 34 31 43 39 31
Sales/Listings Ratio 18.5% 21.6% 28.3% 23.8% 28.9% 24.8% 20.9%
-
20
40
60
80
100
120
140
160
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2014 2015 2016
Manhattan Bch Sand 27 38 47
Manhattan Bch Tree 17 23 34
Manhattan Bch Hill 8 14 15
Manhattan Village 12 2 3
Manhattan Bch Heights/Lib Vlg 6 9 17
Manhattan Bch Mira Costa 25 21 32
Total Active Listings 95 107 148
-
20
40
60
80
100
120
140
160
2014 2015 2016
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 31.0 5.0 4.0 11.0 4.0 8.0 5.0
Manhattan Bch Tree 2.0 8.0 5.0 2.0 2.0 3.0 4.0
Manhattan Bch Hill - 6.0 2.0 16.0 4.0 8.0 15.0
Manhattan Village 3.0 3.0 2.0 2.0 4.0 6.0 2.0
Manhattan Bch Heights/Lib Vlg 2.0 3.0 10.0 4.0 4.0 2.0 6.0
Manhattan Bch Mira Costa 5.0 3.0 2.0 5.0 5.0 4.0 4.0
-
5.0
10.0
15.0
20.0
25.0
30.0
35.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 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
2014 4.0 3.0 3.0 2.0 2.0 2.0 3.0 2.0 3.0 2.0 2.0 1.0
2015 3.0 3.0 2.0 2.0 2.0 3.0 3.0 3.0 3.0 3.0 4.0 3.0
2016 5.0 5.0 4.0 4.0 3.0 4.0 5.0
-
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
Months of Inventory Year-to-Year
2014
2015
2016
13. Summary
Evaluation of MLS real estate data governing the Manhattan Beach market revealed a $331K or 17.2% increase in the median
sales price and a 4.9% drop in the median days to sell. However, moving in negative territory total sales fell 20.5%, net listings
decreased 5.7% and the sales-listing ratio adjusted down 15.7%. Year-over-year the median sales price did improve $600K or
36.3% for the month of July.
In the news… According to C.A.R., “California home sales stumbled in July as low inventories and eroding affordability
dragged down the housing market.”
http://www.car.org/newsstand/newsreleases/2016releases/july2016sales?view=Standard
For listing or buying guidance, or additional statistics on market trending behavior, please do not hesitate to contact me to
schedule a time to discuss how I can be of service to you.
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Month-to-Month Comparison Jun 2016 July 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 39 31 -8 -20.5%
Median Sales Price 1,924,000 2,255,000 331,000 17.2%
Median Days to Sell 41 39 -2 -4.9%
Listings 157 148 -9 -5.7%
Sales/Listing Ratio 24.8% 20.9% -0.039 -15.7%
Months of Inventory 4.0 5.0 1.0 25.0%
Monthly Comparison Year-to-Year Jul 2015 Jul 2016 Delta Delta Increase Decrease
Total Sales 32 31 -1 -3.1%
Median Sales Price 1,655,000 2,255,000 600,000 36.3%
Median Days to Sell 38 39 1 2.6%
Listings 107 148 41 38.3%
Months of Inventory 3.0 5.0 2 66.7%
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
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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.
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