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8/18/2019 Manhattan Beach Real Estate Market Conditions - March 2016
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Manhattan BeachResidential Real Estate
Market ConditionsMarch 2016
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Table ofContents
Key Statistics for March
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
Listings2016 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
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Key Statistics for March
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Feb 2016 Mar 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 21 34 13 61.9%
Median Sales Price 1,850,000 2,481,250 631,250 34.1%
Median Days to Sell 52 40 -12 -23.1%
Listings 97 120 23 23.7%
Sales/Listing Ratio 21.6% 28.3% 0.067 31.0%
Months of Inventory 5.0 4.0 -1.0 -20.0%
Monthly Comparison Year-to-Year Mar 2015 Mar 2016 Delta Delta Increase Decrease
Total Sales 34 34 0 0.0%
Median Sales Price 1,690,000 2,481,250 791,250 46.8%
Median Days to Sell 25 40 15 60.0%
Listings 84 120 36 42.9%
Months of Inventory 2.0 4.0 2 100.0%
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Total Sales Month-to-Month by Map Area Jan Feb Mar
Manhattan Bch Sand 1 7 9
Manhattan Bch Tree 7 3 8
Manhattan Bch Hill - 2 6
Manhattan Village 1 1 2
Manhattan Bch Heights/Lib Vlg 2 3 1
Manhattan Bch Mira Costa 4 5 8 Total Sales 15 21 34
-
5
10
15
20
25
30
35
Jan Feb Mar
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 7 12 9
Manhattan Bch Tree 9 6 8
Manhattan Bch Hill 4 1 6
Manhattan Village 2 4 2
Manhattan Bch Heights/Lib Vlg 5 4 1
Manhattan Bch Mira Costa 6 7 8 Total Sales 33 34 34
-
5
10
15
20
25
30
35
2014 2015 2016
Total Sales Year-to-Year by Map Area: March
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 Jan Feb Mar
Manhattan Bch Sand 2,100,000 3,745,000 2,599,000
Manhattan Bch Tree 2,025,000 1,850,000 2,730,000
Manhattan Bch Hill - 4,325,000 3,597,500
Manhattan Village 2,400,000 1,425,000 1,445,000
Manhattan Bch Heights/Lib Vlg 2,130,000 1,199,500 1,335,000
Manhattan Bch Mira Costa 1,352,500 1,380,000 2,247,500 Market Median Sales Price 1,770,000 1,850,000 2,481,250
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
Jan Feb Mar
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 1,979,000 2,240,000 2,599,000
Manhattan Bch Tree 1,717,000 2,724,418 2,730,000
Manhattan Bch Hill 3,725,000 4,300,000 3,597,500
Manhattan Village 1,017,500 1,179,750 1,445,000
Manhattan Bch Heights/Lib Vlg 1,249,000 1,304,000 1,335,000
Manhattan Bch Mira Costa 1,725,000 1,609,000 2,247,500 Market Median Sales Price 1,717,000 1,690,000 2,481,250
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
2014 2015 2016
Median Sales Price Year-to-Year by Map Area: March
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
Manhattan Bch Tree 16 24 40
Manhattan Bch Hill 8 12 13
Manhattan Village 3 3 4
Manhattan Bch Heights/Lib Vlg 4 9 10
Manhattan Bch Mira Costa 19 14 16
Total Active Listings 81 97 120
-
5
10
15
20
25
30
35
40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 Active Listings by Map Area
Manhattan Bch Sand
Manhattan Bch TreeManhattan 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
Manhattan Bch Tree 16 24 40
Manhattan Bch Hill 8 12 13
Manhattan Village 3 3 4
Manhattan Bch Heights/Lib Vlg 4 9 10
Manhattan Bch Mira Costa 19 14 16
Total Active Listings 81 97 120
Total Sales 15 21 34
Sales/Listings Ratio 18.5% 21.6% 28.3%
-
20
40
60
80
100
120
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 21 29 37
Manhattan Bch Tree 23 24 40
Manhattan Bch Hill 10 6 13
Manhattan Village 7 4 4
Manhattan Bch Heights/Lib Vlg 9 6 10
Manhattan Bch Mira Costa 15 15 16 Total Active Listings 85 84 120
-
20
40
60
80
100
120
2014 2015 2016
Active Listings Year-to-Year by Map Area: March
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan VillageManhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Active Listings
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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
Manhattan Bch Tree 2.0 8.0 5.0
Manhattan Bch Hill - 6.0 2.0
Manhattan Village 3.0 3.0 2.0
Manhattan Bch Heights/Lib Vlg 2.0 3.0 10.0
Manhattan Bch Mira Costa 5.0 3.0 2.0
-
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
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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
-
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
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SummarySuper encouraging month for Manhattan Beach real estate investment as total sales increased 61.9%, median sales price
improved 34.1%, and net listings jumped 23.7% month-over-month. In addition, the median days to sell and sales-listing ratio
metrics moved into positive double-digit territory.
In the news… According to C.A.R., “March’s statewide median home price was $483,280, up 8.9 percent from February and
up 4 percent from March 2015.” (http://www.car.org/newsstand/newsreleases/2016releases/march2016sales?view=Standard)
For listing or buying questions or representation, 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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Monthly Comparison Year-to-Year Mar 2015 Mar 2016 Delta Delta Increase Decrease
Total Sales 34 34 0 0.0%
Median Sales Price 1,690,000 2,481,250 791,250 46.8%
Median Days to Sell 25 40 15 60.0%
Listings 84 120 36 42.9%
Months of Inventory 2.0 4.0 2 100.0%
Month-to-Month Comparison Feb 2016 Mar 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 21 34 13 61.9%
Median Sales Price 1,850,000 2,481,250 631,250 34.1%
Median Days to Sell 52 40 -12 -23.1%
Listings 97 120 23 23.7%
Sales/Listing Ratio 21.6% 28.3% 0.067 31.0%
Months of Inventory 5.0 4.0 -1.0 -20.0%
http://www.car.org/newsstand/newsreleases/2016releases/march2016sales?view=Standardhttp://www.car.org/newsstand/newsreleases/2016releases/march2016sales?view=Standardhttp://hadychahine.com/http://hadychahine.com/
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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…
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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 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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• hady@hadychahine.com• 310-404-5361
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