Manhattan Beach Real Estate Market Conditions - November 2014

8/10/2019 Manhattan Beach Real Estate Market Conditions - November 2014

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Manhattan BeachResidential Real Estate

Market ConditionsNovember 2014
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Table ofContents

Key Statistics for November

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 December

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Key Statistics for November

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Oct 2014 Nov 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 40 35 -5 -12.5%

Median Sales Price 2,107,500 2,200,000 92,500 4.4%

Median Days to Sell 33 43 10 30.3%

Listings 77 54 -23 -29.9%

Sales/Listing Ratio 51.9% 64.8% 0.129 24.9%

Months of Inventory 1.9 1.5 -0.4 -21.1%

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

Total Sales 30 35 5 16.7%


Median Days to Sell 49 43 -6 -12.2%

Listings 51 54 3 5.9%

Months of Inventory 1.5 1.5 0 0.0%
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Total Sales Month-to-Month by Map Area Sep Oct Nov

Manhattan Bch Sand 10 10 13

Manhattan Bch Tree 5 12 4

Manhattan Bch Hill 2 1 3

Manhattan Village 1 3 4

Manhattan Bch Heights/Lib Vlg 4 5 3

Manhattan Bch Mira Costa 5 9 8Total Sales 27 40 35

0

5

10

15

20

25

30

35

40

Sep Oct Nov

2014 Total Sales Month-to-Month by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan VillageManhattan 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 7 6 8Total Sales 46 30 35

0

5

10

15

20

25

30

35

40

45

50

2012 2013 2014

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg


Total Sales


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Median Sales Price Month-to-Month by Map Area Sep Oct Nov

Manhattan Bch Sand 2,387,500 2,500,000 2,850,000

Manhattan Bch Tree 1,910,000 2,226,000 1,597,500

Manhattan Bch Hill 2,205,000 2,999,000 4,088,980

Manhattan Village 1,375,000 1,150,000 1,127,500

Manhattan Bch Heights/Lib Vlg 1,362,500 1,510,000 1,250,000

Manhattan Bch Mira Costa 1,700,000 1,869,000 1,900,000Market Median Sales Price 1,710,000 2,107,500 2,200,000

-

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

Sep Oct Nov

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 1,514,500 2,200,000 2,850,000

Manhattan Bch Tree 1,232,500 2,049,000 1,597,500

Manhattan Bch Hill 1,050,000 2,550,000 4,088,980

Manhattan Village 1,175,000 1,327,500 1,127,500

Manhattan Bch Heights/Lib Vlg 900,000 900,000 1,250,000

Manhattan Bch Mira Costa 1,249,000 1,580,000 1,900,000Market Median Sales Price 1,249,000 1,987,000 2,200,000

-

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

2012 2013 2014

Median Sales Price Year-to-Year by Map Area: November

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 23 30 24 20 13

Manhattan Bch Tree 10 10 21 28 21 19 14 13 12 17 10

Manhattan Bch Hill 5 6 10 10 12 6 6 5 7 9 9

Manhattan Village - 2 5 7 7 9 8 6 10 9 7

Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6 5 4 5 6 4

Manhattan Bch Mira Costa 8 7 13 20 24 19 22 18 17 16 11

TotalActive Listings 45 49 73 88 85 83 78 76 75 77 54

-

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 Sand

Manhattan 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 23 30 24 20 13Manhattan Bch Tree 10 10 21 28 21 19 14 13 12 17 10

Manhattan Bch Hill 5 6 10 10 12 6 6 5 7 9 9

Manhattan Village - 2 5 7 7 9 8 6 10 9 7

Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6 5 4 5 6 4

Manhattan Bch Mira Costa 8 7 13 20 24 19 22 18 17 16 11

Total Active Listings 45 49 73 88 85 83 78 76 75 77 54

Total Sales 15 22 33 45 43 42 36 39 27 40 35

Sales/Listings Ratio 33.3% 44.9% 45.2% 51.1% 50.6% 50.6% 46.2% 51.3% 36.0% 51.9% 64.8%

-

10

20

30

40

50

60

70

80

90


2014 Total Active Listings vs. Total Sales

Total Active ListingsTotal Sales



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






Manhattan Bch Mira Costa 23 9 11Total Active Listings 96 51 54

0

10

20

30

40

50

60

70

80

90

100

2012 2013 2014

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan VillageManhattan Bch Heights/Lib Vlg


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 3.8 2.3 2.4 2.0 1.0

Manhattan Bch Tree 3.3 2.5 2.3 2.6 1.3 1.1 1.1 1.4 2.4 1.4 2.5

Manhattan Bch Hill 5.0 3.0 2.5 1.1 12.0 1.5 3.0 2.5 3.5 9.0 3.0

Manhattan Village - - 2.5 7.0 2.3 3.0 2.0 1.5 10.0 3.0 1.8

Manhattan Bch Heights/Lib Vlg 3.5 4.5 1.4 1.7 0.3 3.0 5.0 1.0 1.3 1.2 1.3

Manhattan Bch Mira Costa 2.7 2.3 2.2 3.3 4.0 2.7 2.2 2.6 3.4 1.8 1.4

-

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 2.2 2.0 2.8 1.9 1.5

-

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 December

Despite the distraction of holiday festivities the Manhattan Beach real estate market produced fairlyrespectable stats in November, with 4.4% or $92.5K increase in the market median sales price and24.9% bump in the sales/listing ratio. Trending counter to this news, however, included a 12.5%reduction in total properties sold and 23% drop in new listings. Am I surprised? you ask. Not at all; in

fact, I speculated this likelihood would occur last month. Furthermore, given this data and the time ofyear I expect to see similar performance numbers for December.

Nevertheless, while mortgage money remains relatively inexpensive, a situation that may change for theworse sometime in 2015, see http://www.reuters.com/article/2014/12/05/us-usa-fed-mester-idUSKCN0JJ24620141205, right now is a great time for buyers to secure loan approval and begin writingpurchase offers. For assistance, please give me a call today.

Your recap


Month-to-Month Comparison Oct 2014 Nov 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 40 35 -5 -12.5%


Median Days to Sell 33 43 10 30.3%

Listings 77 54 -23 -29.9%

Sales/Listing Ratio 51.9% 64.8% 0.129 24.9%

Months of Inventory 1.9 1.5 -0.4 -21.1%
http://www.reuters.com/article/2014/12/05/us-usa-fed-mester-idUSKCN0JJ24620141205http://www.reuters.com/article/2014/12/05/us-usa-fed-mester-idUSKCN0JJ24620141205http://hhcrealestate.com/http://hhcrealestate.com/


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About

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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 forany 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 InternetData 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 accuracyof 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 personalinspection by and/or with the appropriate professionals.


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Manhattan Beach Real Estate Market Conditions - November 2014