manhattan beach real estate market conditions - december 2014

7/26/2019 Manhattan Beach Real Estate Market Conditions - December 2014

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Manhattan BeachResidential Real Estate

Market ConditionsDecember 2014

http://hhcrealestate.com/



Table ofContents

Key Statistics for December

Sales

2014 Residential Sales Stats

Year-to-Year Total Sales by Map Area

Median

2014 Median Sales Stats

Year-to-Year Median Sales by Map Area

Listings2014 Active Listings by Map Area

2014 Total Active Listings vs. Total Sales

Year-to-Year Active Listings by Map Area

Inventory

2014 Months of Inventory by Map Area

Year-to-Year Months of Inventory

Outlook for January

About Hady Chahine

Contact Information




Key Statistics for December

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Nov 2014 Dec 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 35 35 0 0.0%

Median Sales Price 2,200,000 1,780,000 (420,000) -19.1%

Median Days to Sell 43 39 -4 -9.3%

Listings 54 40 -14 -25.9%

Sales/Listing Ratio 64.8% 87.5% 0.227 35.0%

Months of Inventory 1.5 1.1 -0.4 -26.7%

Monthly Comparison Year-to-Year Dec 2013 Dec 2014 Delta Delta Increase Decrease


Median Sales Price 1,395,000 1,780,000 385,000 27.6%

Median Days to Sell 31 39 8 25.8%

Listings 54 40 -14 -25.9%

Months of Inventory 0.8 1.1 0.3 37.5%






Total Sales Month-to-Month by Map Area Oct Nov Dec

Manhattan Bch Sand 10 13 11

Manhattan Bch Tree 12 4 11

Manhattan Bch Hill 1 3 1

Manhattan Village 3 4 1

Manhattan Bch Heights/Lib Vlg 5 3 4

Manhattan Bch Mira Costa 9 8 7Total Sales 40 35 35

0

5

10

15

20

25

30

35

40

Oct Nov Dec

2014 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 2012 2013 2014






Manhattan Bch Mira Costa 10 5 7Total Sales 36 28 35

0

5

10

15

20

25

30

35

40

2012 2013 2014

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch HillManhattan Village



Total Sales






Median Sales Price Month-to-Month by Map Area Oct Nov Dec

Manhattan Bch Sand 2,500,000 2,850,000 2,400,000

Manhattan Bch Tree 2,226,000 1,597,500 1,950,000

Manhattan Bch Hill 2,999,000 4,088,980 1,300,000

Manhattan Village 1,150,000 1,127,500 875,000

Manhattan Bch Heights/Lib Vlg 1,510,000 1,250,000 1,300,000

Manhattan Bch Mira Costa 1,869,000 1,900,000 1,449,000 Market Median Sales Price 2,107,500 2,200,000 1,780,000

-

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

Oct Nov Dec

2014 Median Sales Price Month-to-Month by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan VillageManhattan Bch Heights/Lib Vlg


Market Median Sales Price




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Median Sales Price Year-to-Year by Map Area 2012 2013 2014

Manhattan Bch Sand 2,218,000 1,999,000 2,400,000

Manhattan Bch Tree 950,000 1,790,000 1,950,000

Manhattan Bch Hill 1,825,000 3,800,000 1,300,000

Manhattan Village 1,210,000 982,500 875,000

Manhattan Bch Heights/Lib Vlg 974,500 811,250 1,300,000

Manhattan Bch Mira Costa 1,663,250 1,250,000 1,449,000 Market Median Sales Price 1,362,500 1,395,000 1,780,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

2012 2013 2014

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

Manhattan Bch Sand

Manhattan Bch Tree




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 Bch Sand 15 15 17 13 19 24 23 30 24 20 13 8

Manhattan Bch Tree 10 10 21 28 21 19 14 13 12 17 10 8

Manhattan Bch Hill 5 6 10 10 12 6 6 5 7 9 9 6

Manhattan Village - 2 5 7 7 9 8 6 10 9 7 7

Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6 5 4 5 6 4 2

Manhattan Bch Mira Costa 8 7 13 20 24 19 22 18 17 16 11 9

Total Active Listings 45 49 73 88 85 83 78 76 75 77 54 40

-

5

10

15

20

25

30

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

2014 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 Bch Sand 15 15 17 13 19 24 23 30 24 20 13 8 Manhattan Bch Tree 10 10 21 28 21 19 14 13 12 17 10 8

Manhattan Bch Hill 5 6 10 10 12 6 6 5 7 9 9 6

Manhattan Village - 2 5 7 7 9 8 6 10 9 7 7

Manhattan Bch Heights/Lib Vlg 7 9 7 10 2 6 5 4 5 6 4 2

Manhattan Bch Mira Costa 8 7 13 20 24 19 22 18 17 16 11 9

Total Active Listings 45 49 73 88 85 83 78 76 75 77 54 40

Total Sales 15 22 33 45 43 42 36 39 27 40 35 35

Sales/Listings Ratio 33.3% 44.9% 45.2% 51.1% 50.6% 50.6% 46.2% 51.3% 36.0% 51.9% 64.8% 87.5%

-

10

20

30

40

50

60

70

80

90


2014 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales





Active Listings Year-to-Year by Map Area 2012 2013 2014






Manhattan Bch Mira Costa 16 6 9Total Active Listings 71 36 40

0

10

20

30

40

50

60

70

80

2012 2013 2014

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

Manhattan Bch Sand

Manhattan Bch Tree




Total Active Listings





Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Manhattan Bch Sand 3.8 1.4 2.4 1.1 1.9 3.0 3.8 2.3 2.4 2.0 1.0 0.7

Manhattan Bch Tree 3.3 2.5 2.3 2.6 1.3 1.1 1.1 1.4 2.4 1.4 2.5 0.7

Manhattan Bch Hill 5.0 3.0 2.5 1.1 12.0 1.5 3.0 2.5 3.5 9.0 3.0 6.0

Manhattan Village - - 2.5 7.0 2.3 3.0 2.0 1.5 10.0 3.0 1.8 7.0

Manhattan Bch Heights/Lib Vlg 3.5 4.5 1.4 1.7 0.3 3.0 5.0 1.0 1.3 1.2 1.3 0.5

Manhattan Bch Mira Costa 2.7 2.3 2.2 3.3 4.0 2.7 2.2 2.6 3.4 1.8 1.4 1.3

-

2.0

4.0

6.0

8.0

10.0

12.0


2014 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

2012 6.8 6.1 2.4 2.6 2.8 2.9 3.0 2.4 4.1 3.2 2.1 1.9

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

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0


Months of Inventory Year-to-Year

2012

2013

2014





Outlook for January

Overall real estate activity for the Manhattan Beach market in December was positive, as confirmed by

relatively strong performance measures for total sales, sale/listing ratio, and median days to sell.

However, the median market sales price did trend off pace with respect to November. Though, in all

fairness, this measure of performance is a bit volatile because it acknowledges significant data outliers,

instead of discounting or explaining the obvious deviation from the relatively stable majority. In summary,

the Manhattan Beach real estate market ended 2014 on a positive note.

Looking forward, with respect to the aforementioned, as well as other macro and micro economic factors, I

expect a healthy but more conservative approach to real estate investing in 2015. To schedule a free

seller or buyer consultation, please call or email me today.

Your recap…


Month-to-Month Comparison Nov 2014 Dec 2014 Delta (qty) Delta (%) Increase Decrease


Median Sales Price 2,200,000 1,780,000 (420,000) -19.1%

Median Days to Sell 43 39 -4 -9.3%

Listings 54 40 -14 -25.9%

Sales/Listing Ratio 64.8% 87.5% 0.227 35.0%

Months of Inventory 1.5 1.1 -0.4 -26.7%





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About

Hady Chahine…





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manhattan beach real estate market conditions - december 2014

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