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Table of
Contents
Key Statistics for April
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 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
Outlook for May
About Hady Chahine Contact Information
Key Statistics for April
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Mar 2015 Apr 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 34 31 -3 -8.8%
Median Sales Price 1,690,000 2,100,000 410,000 24.3%
Median Days to Sell 25 29 4 16.0%
Listings 77 70 -7 -9.1%
Sales/Listing Ratio 44.2% 44.3% 0.001 0.2%
Months of Inventory 2.3 2.3 0.0 0.0%
Monthly Comparison Year-to-Year Apr 2014 Apr 2015 Delta Delta Increase Decrease
Total Sales 45 31 -14 -31.1%
Median Sales Price 2,100,000 2,100,000 - 0.0%
Median Days to Sell 29 29 0 0.0%
Listings 95 70 -25 -26.3%
Months of Inventory 2.0 2.3 0.3 15.0%
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Total Sales Month-to-Month by Map Area Feb Mar Apr
Manhattan Bch Sand 3 12 9
Manhattan Bch Tree 6 6 10
Manhattan Bch Hill 2 1 1
Manhattan Village 2 4 2
Manhattan Bch Heights/Lib Vlg 3 4 3
Manhattan Bch Mira Costa 3 7 6
Total Sales 19 34 31
0
5
10
15
20
25
30
35
Feb Mar Apr
2015 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 2013 2014 2015
Manhattan Bch Sand 18 11 9
Manhattan Bch Tree 13 12 10
Manhattan Bch Hill 1 9 1
Manhattan Village 3 1 2
Manhattan Bch Heights/Lib Vlg 5 6 3
Manhattan Bch Mira Costa 5 6 6
Total Sales 45 45 31
0
5
10
15
20
25
30
35
40
45
2013 2014 2015
Total Sales Year-to-Year by Map Area: April
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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Median Sales Price Month-to-Month by Map Area Feb Mar Apr
Manhattan Bch Sand 2,826,000 2,240,000 2,990,000
Manhattan Bch Tree 2,360,000 2,724,418 1,900,000
Manhattan Bch Hill 2,525,000 4,300,000 2,525,000
Manhattan Village 855,000 1,179,750 1,787,500
Manhattan Bch Heights/Lib Vlg 1,291,875 1,304,000 1,460,000
Manhattan Bch Mira Costa 1,335,000 1,609,000 1,549,500
Market Median Sales Price 1,750,000 1,690,000 2,100,000
-
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
Feb Mar Apr
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
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Median Sales Price Year-to-Year by Map Area 2013 2014 2015
Manhattan Bch Sand 1,847,500 2,275,000 2,990,000
Manhattan Bch Tree 1,885,000 1,827,500 1,900,000
Manhattan Bch Hill 3,500,000 1,930,000 2,525,000
Manhattan Village 850,000 1,555,000 1,787,500
Manhattan Bch Heights/Lib Vlg 1,350,000 1,442,500 1,460,000
Manhattan Bch Mira Costa 1,800,000 1,350,000 1,549,500
Market Median Sales Price 1,725,000 1,850,000 2,100,000
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
2013 2014 2015
Median Sales Price Year-to-Year by Map Area: April
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Market Median Sales Price
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Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 14 19 28 23
Manhattan Bch Tree 16 14 20 20
Manhattan Bch Hill 2 3 5 6
Manhattan Village 6 5 4 3
Manhattan Bch Heights/Lib Vlg 4 5 6 8
Manhattan Bch Mira Costa 13 11 14 10
Total Active Listings 55 57 77 70
-
5
10
15
20
25
30
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Active Listings 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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Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 14 19 28 23
Manhattan Bch Tree 16 14 20 20
Manhattan Bch Hill 2 3 5 6
Manhattan Village 6 5 4 3
Manhattan Bch Heights/Lib Vlg 4 5 6 8
Manhattan Bch Mira Costa 13 11 14 10
Total Active Listings 55 57 77 70
Total Sales 21 19 34 31
Sales/Listings Ratio 38.2% 33.3% 44.2% 44.3%
-
10
20
30
40
50
60
70
80
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2013 2014 2015
Manhattan Bch Sand 29 16 23
Manhattan Bch Tree 17 28 20
Manhattan Bch Hill 6 10 6
Manhattan Village 0 7 3
Manhattan Bch Heights/Lib Vlg 4 12 8
Manhattan Bch Mira Costa 19 22 10
Total Active Listings 75 95 70
0
10
20
30
40
50
60
70
80
90
100
2013 2014 2015
Active Listings Year-to-Year by Map Area: April
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Active Listings
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Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 2.3 6.3 2.3 2.6
Manhattan Bch Tree 16.0 2.3 3.3 2.0
Manhattan Bch Hill 0.7 1.5 5.0 6.0
Manhattan Village 2.0 2.5 1.0 1.5
Manhattan Bch Heights/Lib Vlg 2.0 1.7 1.5 2.7
Manhattan Bch Mira Costa 2.2 3.7 2.0 1.7
-
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 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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Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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 1.1
2015 2.6 3.0 2.3 2.3
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory Year-to-Year
2013
2014
2015
Outlook for May
April was a relatively positive month for real estate activity in Manhattan Beach with 31 recorded sales, $410K
increase in the market median sales price, and a stable sales/listing ratio. Although the median days to sell
bumped up by a small percentage, I expect this momentum to reverse course as the summer season heats up.
In the news…
C.A.R. releases a report citing affordability to explain the “33 percent” year-over-year rise in purchases of “median-priced, existing single-family home[s] in California”.
See: http://www.car.org/newsstand/newsreleases/2015releases/1qtrhousingaff?view=Standard
Zillow asserts home valuations have increased “18.5%” in one year and anticipates an additional 5.3%
improvement in the year to come.
See: http://www.zillow.com/manhattan-beach-ca/home-values/
Your recap…
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Month-to-Month Comparison Mar 2015 Apr 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 34 31 -3 -8.8%
Median Sales Price 1,690,000 2,100,000 410,000 24.3%
Median Days to Sell 25 29 4 16.0%
Listings 77 70 -7 -9.1%
Sales/Listing Ratio 44.2% 44.3% 0.001 0.2%
Months of Inventory 2.3 2.3 0.0 0.0%
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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About
Hady Chahine…
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s 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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