March 2016 Manhattan Beach Real Estate Market Trends Update

Manhattan Beach Residential Real Estate

Market Conditions March 2016

http://hadychahine.com/

Table of

Contents

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 Listings 2016 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

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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 Days to Sell 25 40 15 60.0%

Listings 84 120 36 42.9%

Months of Inventory 2.0 4.0 2 100.0%



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



Total Sales Year-to-Year by Map Area 2014 2015 2016



Manhattan Bch Hill 4 1 6





-

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



Total Sales



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



Market Median Sales Price



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



Market Median Sales Price



Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec







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 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









Sales/Listings Ratio 18.5% 21.6% 28.3%

-

20

40

60

80

100

120


2016 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2014 2015 2016








-

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 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 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


2016 Months of Inventory by Map Area

Manhattan Bch Sand

Manhattan 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

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


Months of Inventory Year-to-Year

2014

2015

2016


Summary Super 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.


Monthly Comparison Year-to-Year Mar 2015 Mar 2016 Delta Delta Increase Decrease

Total Sales 34 34 0 0.0%


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 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=Standard

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


About

Hady Chahine…


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inspection by and/or with the appropriate professionals.


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March 2016 Manhattan Beach Real Estate Market Trends Update

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Transcript of March 2016 Manhattan Beach Real Estate Market Trends Update