Manhattan Beach

Residential Real Estate

Market Conditions
September 2016

Key Statistics for September

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

Table of
Contents

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

About Hady Chahine

Contact Information

Key Statistics for September

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

Aug 2016
39
1,830,000
56
132
29.5%
3.0

Sep 2016

Monthly Comparison Year-to-Year

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

Sep 2015

Sep 2016

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38
2,075,000
50
94
3.0

38
2,200,000
46
129
29.5%
3.0

38
2,200,000
46
129
3.0

Delta (qty)
-1
370,000
-10
-3
0
0.0

Delta
0
125,000
-4
35
0

Delta (%)
-2.6%
20.2%
-17.9%
-2.3%
0.0%
0.0%

Increase

Decrease

Delta
0.0%
6.0%
-8.0%
37.2%
0.0%

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

Jul
9
8
1
2
3
8
31

Aug
13
9
4
3
10
39

Sep
8
12
1
7
10
38

2016 Total Sales Month-to-Month by Map Area

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
Jul

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Aug

Sep

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

2014
10
5
2
1
4
5
27

2015
13
14
3
5
3
38

2016
8
12
1
7
10
38

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

40
35
30

25

Manhattan Bch Sand

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

20
15
10
5
2014

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2015

2016

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

Jul
2,800,000
3,000,000
6,350,000
1,355,000
1,340,000
2,004,500
2,255,000

Aug
2,309,000
1,769,825
1,762,500
2,475,000
1,562,500
1,830,000

Sep
2,500,000
2,315,000
2,870,000
1,529,000
1,887,500
2,200,000

2016 Median Sales Price Month-to-Month by Map Area

7,000,000
6,000,000
5,000,000
Manhattan Bch Sand
4,000,000

Manhattan Bch Tree

Manhattan Bch Hill
Manhattan Village

3,000,000

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

2,000,000

Market Median Sales Price

1,000,000
Jul

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Aug

Sep

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

2014
2,387,500
1,910,000
2,205,000
1,375,000
1,362,500
1,700,000
1,710,000

2015
2,250,000
2,310,750
2,000,000
1,600,000
1,300,000
2,075,000

2016
2,500,000
2,315,000
2,870,000
1,529,000
1,887,500
2,200,000

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

3,000,000

2,500,000

2,000,000

Manhattan Bch Sand

Manhattan Bch Tree

1,500,000

Manhattan Bch Hill

Manhattan Village
Manhattan Bch Heights/Lib Vlg

1,000,000

Manhattan Bch Mira Costa

Market Median Sales Price
500,000

2014

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2015

2016

2016 Active Listings by Map Area

60
50
40
Manhattan Bch Sand
Manhattan Bch Tree

30

Manhattan Bch Hill

Manhattan Village

20

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

10
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

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Feb

Jan
31
16
8
3
4
19
81

Mar

Feb
35
24
12
3
9
14
97

Apr

Mar
37
40
13
4
10
16
120

May

Apr
45
31
16
6
11
21
130

Jun

May
53
34
17
7
15
23
149

Jul

Jun
58
37
15
6
13
28
157

Aug

Jul
47
34
15
3
17
32
148

Sep

Aug
45
31
12
4
11
29
132

Sep
45
28
15
3
10
28
129

Oct

Oct

Nov

Nov

Dec

Dec

2016 Total Active Listings vs. Total Sales

160
140
120
100
80
Total Active Listings
Total Sales

60
40
20
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Active Listings vs. Total Sales by Map Area

Jan
Feb Mar Apr May Jun
Jul
Aug Sep Oct
Manhattan Bch Sand
31
35
37
45
53
58
47
45
45
Manhattan Bch Tree
16
24
40
31
34
37
34
31
28
Manhattan Bch Hill
8
12
13
16
17
15
15
12
15
Manhattan Village
3
3
4
6
7
6
3
4
3
Manhattan Bch Heights/Lib Vlg
4
9
10
11
15
13
17
11
10
Manhattan Bch Mira Costa
19
14
16
21
23
28
32
29
28
Total Active Listings
81
97 120 130 149 157 148 132 129
Total Sales
15
21
34
31
43
39
31
39
38
Sales/Listings Ratio 18.5% 21.6% 28.3% 23.8% 28.9% 24.8% 20.9% 29.5% 29.5%

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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

2014
29
12
7
14
6
20
88

2015
36
16
11
1
6
24
94

2016
45
28
15
3
10
28
129

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

140
120
100
Manhattan Bch Sand
80

Manhattan Bch Tree

Manhattan Bch Hill
Manhattan Village

60

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

40

Total Active Listings

20
2014

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2015

2016

2016 Months of Inventory by Map Area

35.0
30.0
25.0
20.0
Manhattan Bch Sand
Manhattan Bch Tree

15.0

Manhattan Bch Hill

Manhattan Village

10.0

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

5.0
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
Back to Table of Contents

Jan
31.0
2.0
3.0
2.0
5.0

Feb

Feb
5.0
8.0
6.0
3.0
3.0
3.0

Mar

Mar
4.0
5.0
2.0
2.0
10.0
2.0

Apr

May

Jun

Jul

Aug

Apr
11.0
2.0
16.0
2.0
4.0
5.0

May
4.0
2.0
4.0
4.0
4.0
5.0

Jun
8.0
3.0
8.0
6.0
2.0
4.0

Jul
5.0
4.0
15.0
2.0
6.0
4.0

Aug
3.0
3.0
3.0
4.0
3.0

Sep

Sep
6.0
2.0
15.0
1.0
3.0

Oct

Oct

Nov

Nov

Dec

Dec

Months of Inventory Year-to-Year

5.0
4.5
4.0
3.5
3.0
2.5
2.0
2014
2015
2016

1.5
1.0
0.5
Jan

Feb

Months of Inventory Year-to-Year

2014
2015
2016

Back to Table of Contents

Mar

Jan
4.0
3.0
5.0

Apr

May

Feb
3.0
3.0
5.0

Mar
3.0
2.0
4.0

Jun

Apr
2.0
2.0
4.0

Jul

May
2.0
2.0
3.0

Aug

Jun
2.0
3.0
4.0

Jul
3.0
3.0
5.0

Sep

Aug
2.0
3.0
3.0

Oct

Sep
3.0
3.0
3.0

Nov

Oct
2.0
3.0

Dec

Nov
2.0
4.0

Dec
1.0
3.0

Summary
Real estate activity in Manhattan Beach during September produced a 20.2% increase in the median sales price and a 17.9%
drop in the median days to sell. During this period of time total sales shrunk 2.6% while nets listings fell 2.3%. Year-over-year
the months of inventory metric held constant at 3.0.
In the news According to C.A.R., While demand remains strong for lower-priced homes, which are more inventory
constrained, sales of homes at the higher-end have slowed significantly, said C.A.R. Vice President and Chief Economist
Leslie Appleton-Young. http://www.car.org/newsstand/newsreleases/2016releases/september2016sales?view=Standard

For listing or buying guidance, 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.

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

Aug 2016
39
1,830,000
56
132
29.5%
3.0

Sep 2016

Monthly Comparison Year-to-Year

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

Sep 2015

Sep 2016

Back to Table of Contents

38
2,075,000
50
94
3.0

38
2,200,000
46
129
29.5%
3.0

38
2,200,000
46
129
3.0

Delta (qty)
-1
370,000
-10
-3
0
0.0

Delta
0
125,000
-4
35
0

Delta (%)
-2.6%
20.2%
-17.9%
-2.3%
0.0%
0.0%

Increase

Decrease

Delta
0.0%
6.0%
-8.0%
37.2%
0.0%

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

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BLOG

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