Manhattan Beach

Residential Real Estate

Market Conditions
February 2017
 Key Statistics for February
Sales
2017 Residential Sales Stats
Year-to-Year Total Sales by Map Area

Median
2017 Median Sales Stats
Year-to-Year Median Sales by Map Area

Table of Listings
2017 Active Listings by Map Area
2017 Total Active Listings vs. Total Sales

Contents Year-to-Year Active Listings by Map Area

Inventory
2017 Months of Inventory by Map Area
Year-to-Year Months of Inventory

Summary
About Hady Chahine
Contact Information
 Key Statistics for February
Month-to-Month Comparison Jan 2017 Feb 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 23 15 -8 -34.8%
Median Sales Price 2,475,000 1,530,000 (945,000) -38.2%
Median Days to Sell 31 34 3 9.7%
Listings 98 111 13 13.3%
Sales/Listing Ratio 23.5% 13.5% -0.1 -42.6%
Months of Inventory 4.0 7.0 3.0 75.0%
Monthly Comparison Year-to-Year Feb 2016 Feb 2017 Delta Delta Increase Decrease
Total Sales 21 15 -6 -28.6%
Median Sales Price 1,850,000 1,530,000 (320,000) -17.3%
Median Days to Sell 52 34 -18 -34.6%
Listings 93 111 18 19.4%
Months of Inventory 5.0 7.0 2 40.0%

= trending positive = trending positive

= trending negative = trending negative

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 Total Sales Month-to-Month by Map Area Jan Feb Mar
Manhattan Bch Sand 7 2
Manhattan Bch Tree 8 7
Manhattan Bch Hill 1 1
Manhattan Village 2 1
Manhattan Bch Heights/Lib Vlg 5 2
Manhattan Bch Mira Costa - 2
Total Sales 23 15

2017 Total Sales Month-to-Month by Map Area

25

20

Manhattan Bch Sand

15
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
10
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
5 Total Sales

-
Jan Feb Mar

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 Total Sales Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 3 7 2
Manhattan Bch Tree 6 3 7
Manhattan Bch Hill 2 2 1
Manhattan Village 2 1 1
Manhattan Bch Heights/Lib Vlg 3 3 2
Manhattan Bch Mira Costa 3 5 2
Total Sales 19 21 15

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

25

20

Manhattan Bch Sand

15
Manhattan Bch Tree
Manhattan Bch Hill
10 Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
5 Total Sales

-
2015 2016 2017

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 Median Sales Price Month-to-Month by Map Area Jan Feb Mar
Manhattan Bch Sand 3,800,000 2,040,000
Manhattan Bch Tree 2,370,000 1,586,000
Manhattan Bch Hill 2,150,000 1,720,000
Manhattan Village 1,252,500 1,050,000
Manhattan Bch Heights/Lib Vlg 1,420,000 1,352,500
Manhattan Bch Mira Costa - 1,382,500
Market Median Sales Price 2,475,000 1,530,000

2017 Median Sales Price Month-to-Month by Map Area

4,000,000

3,500,000

3,000,000

2,500,000 Manhattan Bch Sand

Manhattan Bch Tree
2,000,000 Manhattan Bch Hill
Manhattan Village
1,500,000
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
1,000,000
Market Median Sales Price
500,000

-
Jan Feb Mar

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 Median Sales Price Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 2,826,000 3,745,000 2,040,000
Manhattan Bch Tree 2,360,000 1,850,000 1,586,000
Manhattan Bch Hill 2,525,000 4,325,000 1,720,000
Manhattan Village 855,000 1,425,000 1,050,000
Manhattan Bch Heights/Lib Vlg 1,291,875 1,199,500 1,352,500
Manhattan Bch Mira Costa 1,335,000 1,380,000 1,382,500
Market Median Sales Price 1,750,000 1,850,000 1,530,000

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

4,500,000

4,000,000

3,500,000

3,000,000
Manhattan Bch Sand
2,500,000 Manhattan Bch Tree
Manhattan Bch Hill
2,000,000 Manhattan Village
Manhattan Bch Heights/Lib Vlg
1,500,000
Manhattan Bch Mira Costa
1,000,000 Market Median Sales Price

500,000

-
2015 2016 2017

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 2017 Active Listings by Map Area

45

40

35

30

25
Manhattan Bch Sand
Manhattan Bch Tree 20
Manhattan Bch Hill 15
Manhattan Village
Manhattan Bch Heights/Lib Vlg 10
Manhattan Bch Mira Costa 5

-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 42 43
Manhattan Bch Tree 16 30
Manhattan Bch Hill 14 15
Manhattan Village 3 2
Manhattan Bch Heights/Lib Vlg 3 8
Manhattan Bch Mira Costa 20 13
Total Active Listings 98 111

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 2017 Total Active Listings vs. Total Sales

120

100

80

60

40
Total Active Listings
Total Sales
20

-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 42 43
Manhattan Bch Tree 16 30
Manhattan Bch Hill 14 15
Manhattan Village 3 2
Manhattan Bch Heights/Lib Vlg 3 8
Manhattan Bch Mira Costa 20 13
Total Active Listings 98 111
Total Sales 23 15
Sales/Listings Ratio 23.5% 13.5%

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 Active Listings Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 17 32 43
Manhattan Bch Tree 14 28 30
Manhattan Bch Hill 4 9 15
Manhattan Village 4 2 2
Manhattan Bch Heights/Lib Vlg 4 8 8
Manhattan Bch Mira Costa 11 14 13
Total Active Listings 54 93 111

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

120

100

80
Manhattan Bch Sand
Manhattan Bch Tree
60
Manhattan Bch Hill
Manhattan Village
40 Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Active Listings
20

-
2015 2016 2017

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 2017 Months of Inventory by Map Area

25.0

20.0

15.0
Manhattan Bch Sand
Manhattan Bch Tree
10.0
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
5.0
Manhattan Bch Mira Costa

-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 6.0 22.0
Manhattan Bch Tree 2.0 4.0
Manhattan Bch Hill 14.0 15.0
Manhattan Village 2.0 2.0
Manhattan Bch Heights/Lib Vlg 1.0 4.0
Manhattan Bch Mira Costa - 7.0

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 Months of Inventory Year-to-Year

7.0

6.0

5.0

4.0

3.0

2015 2.0
2016
2017
1.0

-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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 3.0 3.0 3.0 3.0 4.0
2017 4.0 7.0

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 Summary
Manhattan Beach real estate activity in February was rather disappointing as total sales dropped 34.8%, median sales price fell
38.2%, median days to sell increased 9.7% and the sales-listing ratio plummeted 42.6%. On a positive note, net listings improved
13.3%. Year-over-year months of inventory climbed 40% from February 2016 to 2017.

In February, C.A.R. reported Existing, single-family home sales totaled 420,100 in January on a seasonally adjusted
annualized rate, up 2.1 percent from December and 4.4 percent from January 2016.
http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/jan2017sales?view=Standard

For listing or buying questions or representation, or further information on market trending behavior, please feel free to contact
me anytime. I look forward to hearing from you!

Month-to-Month Comparison Jan 2017 Feb 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 23 15 -8 -34.8%
Median Sales Price 2,475,000 1,530,000 (945,000) -38.2%
Median Days to Sell 31 34 3 9.7%
Listings 98 111 13 13.3%
Sales/Listing Ratio 23.5% 13.5% -0.1 -42.6%
Months of Inventory 4.0 7.0 3.0 75.0%
Monthly Comparison Year-to-Year Feb 2016 Feb 2017 Delta Delta Increase Decrease
Total Sales 21 15 -6 -28.6%
Median Sales Price 1,850,000 1,530,000 (320,000) -17.3%
Median Days to Sell 52 34 -18 -34.6%
Listings 93 111 18 19.4%
Months of Inventory 5.0 7.0 2 40.0%

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 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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 Hady Chahine
hady@hadychahine.com
310-404-5361

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