Manhattan Beach

Residential Real Estate

Market Conditions
July 2015

Key Statistics for July

Sales
2015 Residential Sales Stats
Year-to-Year Total Sales by Map Area
Median
2015 Median Sales Stats
Year-to-Year Median Sales by Map Area

Table of
Contents

Listings
2015 Active Listings by Map Area
2015 Total Active Listings vs. Total Sales
Year-to-Year Active Listings by Map Area

Inventory
2015 Months of Inventory by Map Area
Year-to-Year Months of Inventory
Recap & Outlook for August

About Hady Chahine

Contact Information

Key Statistics for July

Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory

June 2015
35
2,400,000
43
90
38.9%
3

July 2015
Delta (qty)
32
-3
1,655,000
(745,000)
38
-5
98
8
32.7%
-0.062
3
0.0

Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory

July 2014
36
1,927,500
43
95
2.2

July 2015
32
1,655,000
38
98
3.0

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Delta
-4
(272,500)
-5
3
0.8

Delta (%)
-8.6%
-31.0%
-11.6%
8.9%
-15.9%
0.0%

Increase

Decrease

Delta
-11.1%
-14.1%
-11.6%
3.2%
36.4%

Increase

Decrease

= trending positive

= trending positive

= trending negative

= trending negative

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

May
11
16
0
1
4
4
36

Jun
7
10
4
2
2
10
35

Jul
4
9
1
2
7
9
32

2015 Total Sales Month-to-Month by Map Area

40
35
30
Manhattan Bch Sand

25

Manhattan Bch Tree

Manhattan Bch Hill

20

Manhattan Village
15

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

10

Total Sales

5
0
May

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Jun

Jul

Total Sales Year-to-Year 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

2013
15
12
3
1
4
10
45

2014
6
13
2
4
1
10
36

2015
4
9
1
2
7
9
32

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

45

40
35
30

Manhattan Bch Sand

Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Sales

25
20
15
10
5
0
2013

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2014

2015

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

May
2,825,000
2,137,500
855,000
1,662,000
2,575,000
2,337,500

Jun
3,075,000
2,195,000
2,875,000
1,412,000
1,477,500
2,500,000
2,400,000

Jul
7,156,250
2,075,000
9,400,000
1,386,500
1,400,000
1,229,000
1,655,000

2015 Median Sales Price Month-to-Month by Map Area

10,000,000
9,000,000
8,000,000
7,000,000

Manhattan Bch Sand

Manhattan Bch Tree

6,000,000

Manhattan Bch Hill

5,000,000

Manhattan Village
4,000,000

Manhattan Bch Heights/Lib Vlg

3,000,000

Manhattan Bch Mira Costa

Market Median Sales Price

2,000,000
1,000,000
May

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Jun

Jul

Median Sales Price Year-to-Year 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

2013
1,930,000
1,507,500
1,400,000
875,000
1,140,000
1,525,000
1,540,000

2014
2,880,000
2,050,000
2,605,000
1,365,000
1,385,000
1,562,500
1,927,500

2015
7,156,250
2,075,000
9,400,000
1,386,500
1,400,000
1,229,000
1,655,000

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

10,000,000
9,000,000
8,000,000
7,000,000

Manhattan Bch Sand

6,000,000

Manhattan Bch Tree

Manhattan Bch Hill

5,000,000

Manhattan Village
4,000,000

Manhattan Bch Heights/Lib Vlg

3,000,000

Manhattan Bch Mira Costa

Market Median Sales Price

2,000,000
1,000,000
2013

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2014

2015

2015 Active Listings by Map Area

35
30
25

Manhattan Bch Sand

Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village

20
15
10

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

5
Jan

Active Listings vs. Total Sales by Map Area

Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Active Listings
Back to Table of Contents

Feb

Jan
14
16
2
6
4
13
55

Mar

Feb
19
14
3
5
5
11
57

Apr

Mar
28
20
5
4
6
14
77

May

Apr
23
20
6
3
8
10
70

May
26
22
10
3
6
15
82

Jun

Jun
24
20
11
4
10
21
90

Jul

Jul
34
19
14
2
9
20
98

Aug

Aug

Sep

Sep

Oct

Oct

Nov

Nov

Dec

Dec

2015 Total Active Listings vs. Total Sales

100
90
80
70
60
50
40
Total Active Listings
Total Sales

30
20
10
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Active Listings vs. Total Sales by Map Area

Jan
Feb Mar Apr May Jun
Jul
Aug
Manhattan Bch Sand
14
19
28
23
26
24
34
Manhattan Bch Tree
16
14
20
20
22
20
19
Manhattan Bch Hill
2
3
5
6
10
11
14
Manhattan Village
6
5
4
3
3
4
2
Manhattan Bch Heights/Lib Vlg
4
5
6
8
6
10
9
Manhattan Bch Mira Costa
13
11
14
10
15
21
20
Total Active Listings
55
57
77
70
82
90
98
Total Sales
21
19
34
31
36
35
32
Sales/Listings Ratio 38.2% 33.3% 44.2% 44.3% 43.9% 38.9% 32.7%

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Oct

Sep

Nov

Oct

Dec

Nov

Dec

Active Listings Year-to-Year by Map Area

Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Active Listings

2013
26
24
14
5
7
18
94

2014
27
17
8
12
6
25
95

2015
34
19
14
2
9
20
98

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

100
90
80
70
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Active Listings

60
50
40
30
20
10
0
2013

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2014

2015

2015 Months of Inventory by Map Area

16.0
14.0
12.0
10.0
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa

8.0
6.0
4.0
2.0
Jan

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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Jan
2.3
16.0
0.7
2.0
2.0
2.2

Feb
6.3
2.3
1.5
2.5
1.7
3.7

Feb

Mar

Mar
2.3
3.3
5.0
1.0
1.5
2.0

Apr

Apr
2.6
2.0
6.0
1.5
2.7
1.7

May

May
2.4
1.4
3.0
1.5
3.8

Jun

Jun
3.0
2.0
3.0
2.0
5.0
2.0

Jul

Jul
9.0
2.0
14.0
1.0
1.0
2.0

Aug

Aug

Sep

Oct

Sep

Oct

Nov

Nov

Dec

Dec

Months of Inventory Year-to-Year

3.5
3.0
2.5
2.0
1.5
2013
2014
2015

1.0
0.5
Jan

Feb

Months of Inventory Year-to-Year

2013
2014
2015

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Mar

Jan
2.9
3.0
2.6

Apr

May

Feb
3.4
2.2
3.0

Mar
2.0
2.2
2.3

Jun

Apr
1.7
2.0
2.3

Jul

May
1.8
2.0
2.3

Aug

Jun
2.5
2.0
3.0

Jul
2.1
2.2
3.0

Sep

Aug
2.0
2.0

Oct

Sep
2.2
2.8

Nov

Oct
2.0
1.9

Dec

Nov
1.5
1.5

Dec
0.8
1.1

Recap & Outlook for August

The Manhattan Beach real estate market slowed a bit in July with several major data points trending negative. These stats include
a single digit drop in total sales and double digit declines for median sales price, median days to sell, and the sales/listing ratio.
Coincidently, similar trending behavior was recorded in July of 2014.
In the news According to C.A.R., Statewide sales were above the 400,000 mark for the fourth straight month while available
housing supply remains constrained at 3.3 months of inventory
(http://www.car.org/newsstand/newsreleases/2015releases/july2015sales?view=Standard).

Despite the markets anticipation of the Feds action to influence the rise in interest rates sometime this year, I suspect a healthy
buyer-seller relationship to continue as mortgage money remains at all-time historic lows.

Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory

June 2015
35
2,400,000
43
90
38.9%
3

July 2015
Delta (qty)
32
-3
1,655,000
(745,000)
38
-5
98
8
32.7%
-0.062
3
0.0

Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory

July 2014
36
1,927,500
43
95
2.2

July 2015
32
1,655,000
38
98
3.0

Back to Table of Contents

Delta
-4
(272,500)
-5
3
0.8

Delta (%)
-8.6%
-31.0%
-11.6%
8.9%
-15.9%
0.0%

Increase

Decrease

Delta
-11.1%
-14.1%
-11.6%
3.2%
36.4%

Increase

Decrease

About
Hady Chahine
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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