Manhattan Beach

Residential Real Estate Market Conditions

November 2013

Key Statistics for November Sales 2013 Residential Sales Stats: Sep - Nov Year-to-Year Total Sales by Map Area: Nov Median 2013 Median Sales Stats: Sep - Nov Year-to-Year Median Sales by Map Area: Nov

Table of Contents

Listings 2013 Active Listings by Map Area 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Nov

Inventory 2013 Months of Inventory by Map Area Year-to-Year Months of Inventory

Outlook for November

About the Mother & Son South Bay Real Estate Team Contact Information

Key Statistics for November

Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover Oct 2013 29 1,520,000 38 57 50.9 2.0 Nov 2013 Delta (qty) 29 0 1,995,000 475,000 52 14 43 -14 67.4 16.5 1.5 -0.5 Delta (%) 0.0% 31.3% 36.8% -24.6% 32.4% -25.0% Increase Decrease

Monthly Comparison Year-to-Year Total Sales Median Sales Price Median Days to Sell Listings Inventory Turnover

Nov 2012 46 1,249,000 31 95 2.1

Nov 2013 29 1,995,000 52 43 1.5

Delta -17 746,000 21 -52 -0.6

Delta -37.0% 59.7% 67.7% -54.7% -28.6%

Increase

Decrease

= trending positive = trending negative

= trending positive = trending negative

Back to Table of Contents

2013 Residential 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 Sales

Sep 5 10 6 2 3 6 32

Oct 5 11 3 2 5 3 29

Nov 9 9 3 2 1 5 29

YTD 19 30 12 6 9 14 90

2013 Residential Sales Statistics: Sep - Nov

12

10 Manhattan Bch Sand 8 Manhattan Bch Tree Manhattan Bch Hill 6 Manhattan Village Manhattan Bch Heights/Lib Vlg 4 Manhattan Bch Mira Costa

0 Sep Oct Nov

Back to Table of Contents

Sales by Map Area: Year-to-Year for November Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Sales

2011 5 8 2 1 3 6 25

2012 14 12 3 3 7 7 46

2013 9 9 3 2 1 5 29

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

14

12

10

Manhattan Bch Sand Manhattan Bch Tree

Manhattan Bch Hill Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa 4

0 2011 2012 2013

Back to Table of Contents

2013 Median Sale Price 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 Sale Price

Sep 2,100,000 1,739,500 1,639,125 1,292,500 1,049,000 1,724,950 1,707,500

Oct 1,760,000 1,520,000 1,750,000 1,017,500 1,335,000 1,960,000 1,520,000

Nov 2,200,000 2,049,000 2,550,000 1,327,500 900,000 1,340,000 1,995,000

2013 Median Sale Price Statistics: Sep - Nov

3,000,000

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

500,000

Sep Oct Nov

Back to Table of Contents

Median Sale Price by Map Area: Year-to-Year for November Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Market Median Sale Price

2011 1,399,000 1,395,000 3,834,500 770,000 640,000 891,500 1,000,000

2012 1,514,500 1,232,500 1,050,000 1,175,000 900,000 1,249,000 1,249,000

2013 2,200,000 2,049,000 2,550,000 1,327,500 900,000 1,340,000 1,995,000

Median Sale Price by Map Area: Year-to-Year for November

4,000,000

3,500,000
3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 2011 2012 2013

Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Market Median Sale Price

Back to Table of Contents

2013 Active Listings by Map Area

35 30 25 Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg 15 10 5 20

Manhattan Bch Mira Costa

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2013 Active Listings/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

Jan 28 8 4 3 3 17 63

Feb 30 11 4 4 10 15 74

Mar 35 25 6 3 9 7 85

Apr 29 17 6 4 19 75

May 29 21 12 2 8 20 92

Jun 28 28 17 3 7 21 104

Jul 25 24 14 5 7 18 93

Aug 22 15 15 5 8 15 80

Sep 26 14 11 1 6 11 69

Oct 17 12 7 1 9 11 57

Nov 13 11 5 2 4 8 43

Dec

2013 Total Active Listings vs. Total Sales

120 100

80
60 Total Active Listings Total Sales 40 20 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 Active Listings/Total Sales by Map Area

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Manhattan Bch Sand 28 30 35 29 29 28 25 22 26 17 13 Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 12 11 Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 7 5 Manhattan Village 3 4 3 2 3 5 5 1 1 2 Manhattan Bch Heights/Lib Vlg 3 10 9 4 8 7 7 8 6 9 4 Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11 11 8 Total Active Listings 63 74 85 75 92 104 93 80 69 57 43 Total Sales 22 22 42 45 50 42 45 40 32 29 29 Sales/Listings Ratio 34.9% 29.7% 49.4% 60.0% 54.3% 40.4% 48.4% 50.0% 46.4% 50.9% 67.4%
Back to Table of Contents

Active Listings by Map Area: Year-to-Year for November Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Active Listings

2011 51 26 11 4 9 15 116

2012 32 17 8 7 8 23 95

2013 13 11 5 2 4 8 43

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

60

50 Manhattan Bch Sand 40 Manhattan Bch Tree

Manhattan Bch Hill

30 Manhattan Village Manhattan Bch Heights/Lib Vlg 20 Manhattan Bch Mira Costa

10

0 2011 2012 2013

Back to Table of Contents

2013 Months of Inventory by Map Area

18.0 16.0 14.0 Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill

12.0
10.0 8.0 6.0 4.0 2.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Manhattan Village
Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa

2013 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
Back to Table of Contents

Jan 2.0 2.0 2.0 3.0 17.0

Feb 4.3 3.7 1.3 1.3 3.3 5.0

Mar 2.3 3.1 1.2 3.0 2.3 0.8

Apr 1.6 1.3 6.0 0.8 3.8

May 1.8 1.2 4.0 0.7 2.0 3.3

Jun 3.1 2.3 5.7 1.5 0.9 2.6

Jul 1.7 2.0 4.7 5.0 1.8 1.8

Aug 3.1 0.9 3.0 5.0 2.0 2.1

Sep 5.2 1.4 1.8 0.5 2.0 1.8

Oct 3.4 1.1 2.3 0.5 1.8 3.7

Nov 1.4 1.2 1.7 1.0 4.0 1.6

Dec

Months of Inventory: Year-to-Year

10.0 9.0 8.0 7.0 6.0 2011 5.0 4.0 3.0 2.0 1.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2012
2013

Months of Inventory: Year-to-Year 2011 2012 2013

Back to Table of Contents

Jan 5.7 6.8 2.9

Feb 9.3 6.1 3.4

Mar 3.6 2.4 2.0

Apr 4.5 2.6 1.7

May 4.6 2.8 1.8

Jun 3.3 2.9 2.5

Jul 3.3 3.0 2.1

Aug 3.8 2.4 2.0

Sep 4.5 4.1 2.2

Oct 5.7 3.2 2.0

Nov 4.6 2.1 1.5

Dec 3.8 1.9

Outlook for December

Compared to October 2013 data, total residential properties sold during November remained the same at 29. Trending slightly negative is the increase in median days to sell and a decline in total number of new listings. Trending positive, however, is the 31.3% increase in median sales price, 32.4% improvement of the sales/listing ratio, and the 25% decline in the amount of time it takes to turn over inventory. Projections for December, noting seller and buyer activity normally declines during the holiday season, it is expected that the Manhattan Beach residential real estate market will continue this trending behavior. With this in mind, the recap is
Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover Oct 2013 29 1,520,000 38 57 50.9 2.0 Nov 2013 Delta (qty) 29 0 1,995,000 475,000 52 14 43 -14 67.4 16.5 1.5 -0.5 Delta (%) 0.0% 31.3% 36.8% -24.6% 32.4% -25.0% Increase Decrease

Back to Table of Contents

About the Mother & Son South Bay Real Estate Team
Serving South Bay Home Buyers and Sellers Since 1989 RE/MAX Top 4 Team in California 2012 RE/MAX 100% Club - 2011 Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010 Shorewood Realtors Top Producing Agent (Hassana 1989-2001) ABR, RS, GRI, BPOR, SBAOR, CAR, NAR, IRES
Back to Table of Contents

Hassana Chahine
hassana@hhcrealestate.com 310-756-8949

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

Website: http://HHCRealEstate.com Listings: http://HHCRealEstate.com/featured-south-bay-homes MLS: http://HHCRealEstate.com/south-bay-mls-real-estate-listings Blog: http://HHCRealEstate.com/real-estate-news/

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 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.

Back to Table of Contents