january 2017 manhattan beach real estate market trends update

Manhattan Beach Residential Real Estate

Market Conditions January 2017

http://hadychahine.com/news/

Table of

Contents

Key Statistics for January

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 Listings 2017 Active Listings by Map Area 2017 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2017 Months of Inventory by Map Area Year-to-Year Months of Inventory

Summary

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Key Statistics for January

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Dec 2016 Jan 2017 Delta (qty) Delta (%) Increase Decrease

Total Sales 24 23 -1 -4.2%

Median Sales Price 1,787,500 2,475,000 687,500 38.5%

Median Days to Sell 21 31 10 47.6%

Listings 93 98 5 5.4%

Sales/Listing Ratio 25.8% 23.5% -0.023 -8.9%

Months of Inventory 4.0 4.0 0.0 0.0%

Monthly Comparison Year-to-Year Jan 2016 Jan 2017 Delta Delta Increase Decrease

Total Sales 15 23 8 53.3%


Median Days to Sell 61 31 -30 -49.2%

Listings 89 98 9 10.1%

Months of Inventory 5.0 4.0 -1 -20.0%



Total Sales Month-to-Month by Map Area Jan Feb Mar

Manhattan Bch Sand 7

Manhattan Bch Tree 8

Manhattan Bch Hill 1

Manhattan Village 2

Manhattan Bch Heights/Lib Vlg 5

Manhattan Bch Mira Costa -

Total Sales 23

-

5

10

15

20

25

Jan Feb Mar

2017 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 2015 2016 2017

Manhattan Bch Sand 6 1 7

Manhattan Bch Tree 1 7 8

Manhattan Bch Hill 3 - 1

Manhattan Village 3 1 2

Manhattan Bch Heights/Lib Vlg 2 2 5

Manhattan Bch Mira Costa 6 4 -

Total Sales 21 15 23

-

5

10

15

20

25

2015 2016 2017

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

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 3,800,000

Manhattan Bch Tree 2,370,000

Manhattan Bch Hill 2,150,000

Manhattan Village 1,252,500

Manhattan Bch Heights/Lib Vlg 1,420,000


Market Median Sales Price 2,475,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

Jan Feb Mar

2017 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 2015 2016 2017

Manhattan Bch Sand 1,577,500 2,100,000 3,800,000

Manhattan Bch Tree 2,400,000 2,025,000 2,370,000

Manhattan Bch Hill 3,500,000 - 2,150,000

Manhattan Village 1,260,000 2,400,000 1,252,500

Manhattan Bch Heights/Lib Vlg 908,125 2,130,000 1,420,000

Manhattan Bch Mira Costa 1,667,500 1,352,500 -

Market Median Sales Price 1,635,000 1,770,000 2,475,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

2015 2016 2017

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

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




Manhattan Village 3


Manhattan Bch Mira Costa 20

Total Active Listings 98

-

5

10

15

20

25

30

35

40

45

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

2017 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




Manhattan Village 3


Manhattan Bch Mira Costa 20

Total Active Listings 98

Total Sales 23

Sales/Listings Ratio 23.5%

-

10

20

30

40

50

60

70

80

90

100


2017 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2015 2016 2017

Manhattan Bch Sand 17 33 42

Manhattan Bch Tree 15 17 16

Manhattan Bch Hill 3 7 14

Manhattan Village 4 4 3

Manhattan Bch Heights/Lib Vlg 4 4 3

Manhattan Bch Mira Costa 12 24 20

Total Active Listings 55 89 98

-

10

20

30

40

50

60

70

80

90

100

2015 2016 2017

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

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 6.0

Manhattan Bch Tree 2.0

Manhattan Bch Hill 14.0

Manhattan Village 2.0

Manhattan Bch Heights/Lib Vlg 1.0


-

2.0

4.0

6.0

8.0

10.0

12.0

14.0


2017 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

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

-

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

2015

2016

2017


Summary January real estate investment in Manhattan Beach residential properties produced 23 closed escrows, a 38.5% bump in the

median sales price, and a 5.4% increase in net listings. Unfortunately median days to sell and sales-listing ratios both moved in

negative directions, with the former spiking 47.6% while the latter dropped 8.9%. Year-over-year months of inventory data point

fell from 5.0 in 2016 to 4.0 in 2017 (or 20%).

In January, C.A.R. reported “Despite strong headwinds of tight housing supplies and an affordability squeeze throughout

much of 2016, California’s housing market ended the year on a positive note, posting a moderate sales pace and home price

increases in December.” http://www.car.org/newsstand/newsreleases/2017releases/dec2016sales?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.


Monthly Comparison Year-to-Year Jan 2016 Jan 2017 Delta Delta Increase Decrease

Total Sales 15 23 8 53.3%


Median Days to Sell 61 31 -30 -49.2%

Listings 89 98 9 10.1%

Months of Inventory 5.0 4.0 -1 -20.0%

Month-to-Month Comparison Dec 2016 Jan 2017 Delta (qty) Delta (%) Increase Decrease

Total Sales 24 23 -1 -4.2%


Median Days to Sell 21 31 10 47.6%

Listings 93 98 5 5.4%

Sales/Listing Ratio 25.8% 23.5% -0.023 -8.9%

Months of Inventory 4.0 4.0 0.0 0.0%


http://www.car.org/newsstand/newsreleases/2017releases/dec2016sales?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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