Manhattan Beach Real Estate Market Conditions - June 2014

8/12/2019 Manhattan Beach Real Estate Market Conditions - June 2014

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Manhattan BeachResidential Real Estate

Market ConditionsJune 2014
http://hhcrealestate.com/


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Table ofContents

Key Statistics for June

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

Listings2014 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 July

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Contact Information
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Key Statistics for June

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison May 2014 Jun 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 43 42 -1 -2.3%

Median Sales Price 1,995,000 1,902,500 (92,500) -4.6%

Median Days to Sell 29 39 10 34.5%

Listings 85 83 -2 -2.4%

Sales/Listing Ratio 50.6% 50.6% 0 0.0%

Months of Inventory 2.0 2.0 0.0 0.0%

Monthly Comparison Year-to-Year Jun 2013 Jun 2014 Delta Delta Increase Decrease

Total Sales 42 42 0 0.0%

Median Sales Price 1,579,500 1,902,500 323,000 20.4%


Listings 105 83 -22 -21.0%

Months of Inventory 2.5 2.0 -0.5 -20.0%
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Total Sales Month-to-Month by Map Area Apr May Jun

Manhattan Bch Sand 12 10 8

Manhattan Bch Tree 11 16 18

Manhattan Bch Hill 9 1 4

Manhattan Village 1 3 3

Manhattan Bch Heights/Lib Vlg 6 7 2

Manhattan Bch Mira Costa 6 6 7Total Sales 45 43 42

0

5

10

15

20

25

30

35

40

45

Apr May Jun

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


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Total Sales Year-to-Year by Map Area 2012 2013 2014






Manhattan Bch Mira Costa 10 8 7Total Sales 47 42 42

0

5

10

15

20

25

30

35

40

45

50

2012 2013 2014

Total Sales Year-to-Year by Map Area: June

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Sales


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Median Sales Price Month-to-Month by Map Area Apr May Jun

Manhattan Bch Sand 2,297,500 2,150,000 1,855,000

Manhattan Bch Tree 1,805,000 2,045,000 2,112,500

Manhattan Bch Hill 1,930,000 3,890,000 3,465,000

Manhattan Village 1,555,000 1,650,000 1,618,000

Manhattan Bch Heights/Lib Vlg 1,442,500 1,500,000 1,260,500

Manhattan Bch Mira Costa 1,350,000 1,850,000 1,915,000Market Median Sales Price 1,850,000 1,995,000 1,902,500

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

Apr May Jun

2014 Median Sales Price Month-to-Month by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Market Median Sales Price


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Median Sales Price Year-to-Year by Map Area 2012 2013 2014

Manhattan Bch Sand 1,775,000 1,874,473 1,855,000

Manhattan Bch Tree 1,622,500 1,842,500 2,112,500

Manhattan Bch Hill 2,387,500 1,680,000 3,465,000

Manhattan Village 825,000 1,263,500 1,618,000

Manhattan Bch Heights/Lib Vlg 880,000 960,000 1,260,500

Manhattan Bch Mira Costa 1,515,000 1,262,500 1,915,000Market Median Sales Price 1,600,000 1,579,500 1,902,500

-

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: June

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Market Median Sales Price



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

Manhattan Bch Tree 10 10 21 28 21 19

Manhattan Bch Hill 5 6 10 10 12 6

Manhattan Village - 2 5 7 7 9

Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6

Manhattan Bch Mira Costa 8 7 13 20 24 19

Total Active Listings 45 49 73 88 85 83

-

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 SandManhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



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

Manhattan Bch Tree 10 10 21 28 21 19

Manhattan Bch Hill 5 6 10 10 12 6

Manhattan Village - 2 5 7 7 9

Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6

Manhattan Bch Mira Costa 8 7 13 20 24 19

Total Active Listings 45 49 73 88 85 83

Total Sales 15 22 33 45 43 42

Sales/Listings Ratio 33.3% 44.9% 45.2% 51.1% 50.6% 50.6%

-

10

20

30

40

50

60

70

80

90


2014 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2012 2013 2014






Manhattan Bch Mira Costa 30 21 19Total Active Listings 138 105 83

0

20

40

60

80

100

120

140

2012 2013 2014

Active Listings Year-to-Year by Map Area: June

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Active Listings



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

Manhattan Bch Tree 3.3 2.5 2.3 2.6 1.3 1.1

Manhattan Bch Hill 5.0 3.0 2.5 1.1 12.0 1.5

Manhattan Village - - 2.5 7.0 2.3 3.0

Manhattan Bch Heights/Lib Vlg 3.5 4.5 1.4 1.7 0.3 3.0

Manhattan Bch Mira Costa 2.7 2.3 2.2 3.3 4.0 2.7

-

2.0

4.0

6.0

8.0

10.0

12.0


2014 Months of Inventory by Map Area

Manhattan Bch SandManhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



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

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0


Months of Inventory Year-to-Year

2012

2013

2014


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Outlook for July

According to the MLS, real estate activity for Manhattan Beach during the month of June was ratherdiscouraging as performance measures dropped a bit for total sales, the market median sales price, and

listings, not to mention a bump was recorded for the median days to sell. However, on a more positive

note the sales/listing ratio remained at 50.6% compared to last month, which means that for every two

homes for sale one successfully closed escrow.

What can you expect for July? you ask. Personally, I like Manhattan Beach real estate and feel it is a

sound investment long termgenerally speaking. Thus, despite June stats we should not ignore theamazing trending pattern for this coastal area during beginning of 2014 leading up until now. Therefore, I

favor this location and suggest buying or selling at the right price and for the right reasons. For tips on

strategy, I am available by cell phone or email. Seriously, get in touch with me today so we can discuss

how I can be of service to you. I look forward to hearing from you!

Your recap


Month-to-Month Comparison May 2014 Jun 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 43 42 -1 -2.3%

Median Sales Price 1,995,000 1,902,500 (92,500) -4.6%


Listings 85 83 -2 -2.4%

Sales/Listing Ratio 50.6% 50.6% 0 0.0%

Months of Inventory 2.0 2.0 0.0 0.0%


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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 visitors 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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Manhattan Beach Real Estate Market Conditions - June 2014