Manhattan Beach

Residential Real Estate Market Conditions

December 2013

Key Statistics for December Sales 2013 Residential Sales Stats: Oct - Dec Year-to-Year Total Sales by Map Area: Dec Median 2013 Median Sales Stats: Oct - Dec Year-to-Year Median Sales by Map Area: Dec

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: Dec

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

Outlook for January

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

Key Statistics for December

Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover Nov 2013 29 1,995,000 52 43 67.4 1.5 Dec 2013 28 1,395,000 31 23 121.7 0.8 Delta (qty) -1 (600,000) -21 -20 54.3 -0.7 Delta (%) -3.4% -30.1% -40.4% -46.5% 80.6% -46.7% Increase Decrease

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

Dec 2012 36 1,362,500 45 70 1.9

Dec 2013 28 1,395,000 31 23 0.8

Delta -8 32,500 -14 -47 -1.1

Delta -22.2% 2.4% -31.1% -67.1% -57.9%

Increase

Decrease

= trending positive = trending negative

= trending positive = trending negative

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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

Oct 5 11 3 2 5 3 29

Nov 9 9 3 2 1 5 29

Dec 7 5 3 2 6 5 28

YTD 21 25 9 6 12 13 86

2013 Residential Sales Statistics: Oct - Dec

12

10

Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

0 Oct Nov Dec

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

2011 10 5 0 2 3 7 27

2012 9 9 1 3 4 10 36

2013 7 5 3 2 6 5 28

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

10
9 8 7 Manhattan Bch Sand 6 5 4 Manhattan Bch Tree Manhattan Bch Hill

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

3
2 1 0

2011

2012

2013

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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

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

Dec 1,999,000 1,790,000 3,800,000 982,500 811,250 1,250,000 1,395,000

2013 Median Sale Price Statistics: Oct - Dec

4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 Oct Nov Dec Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Market Median Sale Price

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Median Sale Price by Map Area: Year-to-Year for December 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 1,720,000 1,499,000 1,008,500 865,000 1,440,000 1,450,000

2012 2,218,000 950,000 1,825,000 1,210,000 974,500 1,663,250 1,362,500

2013 1,999,000 1,790,000 3,800,000 982,500 811,250 1,250,000 1,395,000

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

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

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2013 Active Listings by Map Area

35

30
25 20 Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa 15 10 5 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
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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 7 8 2 2 4 23

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 7 Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 12 11 8 Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 7 5 2 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 2 Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11 11 8 4 Total Active Listings 63 74 85 75 92 104 93 80 69 57 43 23 Total Sales 22 22 42 45 50 42 45 40 32 29 29 28 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% 121.7%
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Active Listings by Map Area: Year-to-Year for December Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Active Listings

2011 46 18 12 5 5 16 102

2012 26 11 7 5 5 16 70

2013 7 8 2 0 2 4 23

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

50 45 40 35 30 25 20 15 10 5 0 2011 2012 2013 Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa

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2013 Months of Inventory by Map Area

18.0

16.0
14.0 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 Bch Sand Manhattan Bch Tree Manhattan Bch Hill 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
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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 1.0 1.6 0.7 0.3 0.8

Months of Inventory: Year-to-Year

10.0 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 2012 2013

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

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 0.8

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Outlook for January

For December 2013, the Manhattan Beach residential real estate market performed as expected with trending decreases in total sales, median sales price, and the number of listings. On a more positive note, however, improvements were recorded for median days to sell, sales/listing ratio, and the inventory turnover rates. Projections for the New Year are encouraging given a fairly steady interest in buyer and seller activity and because the cost to borrower money remains at historically low levels. For questions concerning market trending behavior, or to request a complementary comparative market analysis, please give me a call. 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
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Nov 2013 29 1,995,000 52 43 67.4 1.5

Dec 2013 28 1,395,000 31 23 121.7 0.8

Delta (qty) -1 (600,000) -21 -20 54.3 -0.7

Delta (%) -3.4% -30.1% -40.4% -46.5% 80.6% -46.7%

Increase

Decrease

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
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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/

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