Manhattan Beach

Residential Real Estate

Market Conditions
November 2015

Key Statistics for November

Sales
2015 Residential Sales Stats
Year-to-Year Total Sales by Map Area
Median
2015 Median Sales Stats
Year-to-Year Median Sales by Map Area

Table of
Contents

Listings
2015 Active Listings by Map Area
2015 Total Active Listings vs. Total Sales
Year-to-Year Active Listings by Map Area

Inventory
2015 Months of Inventory by Map Area
Year-to-Year Months of Inventory
Summary

About Hady Chahine

Contact Information

Key Statistics for November

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

Oct 2015

Monthly Comparison Year-to-Year

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

Nov 2014
35
2,200,000
43
61
1.5

Back to Table of Contents

32
2,080,000
32
92
34.8%
3.0

Nov 2015
Delta (qty)
22
-10
2,262,500
182,500
39
7
86
-6
25.6%
-0.092
4.0
1.0

Nov 2015
22
2,262,500
39
86
4.0

Delta
-13
62,500
-4
25
2.5

Delta (%)
-31.3%
8.8%
21.9%
-6.5%
-26.4%
33.3%

Increase

Decrease

Delta
-37.1%
2.8%
-9.3%
41.0%
166.7%

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

Sep
13
14
3
5
3
38

Oct
11
5
2
2
5
7
32

Nov
4
8
1
2
7
22

2015 Total Sales Month-to-Month by Map Area

40
35

30
Manhattan Bch Sand

25

Manhattan Bch Tree

Manhattan Bch Hill

20

Manhattan Village
Manhattan Bch Heights/Lib Vlg

15

Manhattan Bch Mira Costa

10

Total Sales

5
Sep

Back to Table of Contents

Oct

Nov

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

2013
9
9
3
2
1
6
30

2014
13
4
3
4
3
8
35

2015
4
8
1
2
7
22

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

35
30
25

Manhattan Bch Sand

Manhattan Bch Tree

20

Manhattan Bch Hill

Manhattan Village

15

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

10

Total Sales
5
2013

Back to Table of Contents

2014

2015

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

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

Oct
3,575,000
1,600,000
3,450,000
1,862,500
1,765,000
1,479,000
2,080,000

Nov
3,127,500
2,031,250
1,150,000
1,163,500
2,550,000
2,262,500

2015 Median Sales Price Month-to-Month by Map Area

4,000,000
3,500,000
3,000,000

Manhattan Bch Sand

Manhattan Bch Tree

2,500,000

Manhattan Bch Hill

2,000,000

Manhattan Village
Manhattan Bch Heights/Lib Vlg

1,500,000

Manhattan Bch Mira Costa

Market Median Sales Price

1,000,000
500,000
Sep

Back to Table of Contents

Oct

Nov

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

2013
2,200,000
2,049,000
2,550,000
1,327,500
900,000
1,580,000
1,987,000

2014
2,850,000
1,597,500
4,088,980
1,127,500
1,250,000
1,900,000
2,200,000

2015
3,127,500
2,031,250
1,150,000
1,163,500
2,550,000
2,262,500

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

4,500,000
4,000,000
3,500,000
Manhattan Bch Sand

3,000,000

Manhattan Bch Tree

Manhattan Bch Hill

2,500,000

Manhattan Village

2,000,000

Manhattan Bch Heights/Lib Vlg

1,500,000

Manhattan Bch Mira Costa

Market Median Sales Price

1,000,000
500,000
2013

Back to Table of Contents

2014

2015

2015 Active Listings by Map Area

35
30
25
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village

20
15
10

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

5
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
Back to Table of Contents

Feb

Jan
14
16
2
6
4
13
55

Mar

Feb
19
14
3
5
5
11
57

Apr

Mar
28
20
5
4
6
14
77

May

Apr
23
20
6
3
8
10
70

Jun

May
26
22
10
3
6
15
82

Jun
24
20
11
4
10
21
90

Jul

Aug

Jul
34
19
14
2
9
20
98

Aug
32
20
11
1
8
22
94

Sep

Sep
32
20
11
8
21
92

Oct

Oct
32
23
10
2
4
21
92

Nov

Nov
30
17
9
2
4
24
86

Dec

Dec

2015 Total Active Listings vs. Total Sales

100
90
80
70
60
50

40
Total Active Listings
Total Sales

30
20
10
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Active Listings vs. Total Sales by Map Area

Jan
Feb Mar Apr May Jun
Jul
Aug Sep Oct Nov
Manhattan Bch Sand
14
19
28
23
26
24
34
32
32
32
30
Manhattan Bch Tree
16
14
20
20
22
20
19
20
20
23
17
Manhattan Bch Hill
2
3
5
6
10
11
14
11
11
10
9
Manhattan Village
6
5
4
3
3
4
2
1
2
2
Manhattan Bch Heights/Lib Vlg
4
5
6
8
6
10
9
8
8
4
4
Manhattan Bch Mira Costa
13
11
14
10
15
21
20
22
21
21
24
Total Active Listings
55
57
77
70
82
90
98
94
92
92
86
Total Sales
21
19
34
31
36
35
32
30
38
32
22
Sales/Listings Ratio 38.2% 33.3% 44.2% 44.3% 43.9% 38.9% 32.7% 31.9% 41.3% 34.8% 25.6%
Back to Table of Contents

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

2013
17
12
6
2
5
9
51

2014
17
10
9
9
4
12
61

2015
30
17
9
2
4
24
86

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

90
80
70
60

Manhattan Bch Sand

Manhattan Bch Tree

50

Manhattan Bch Hill

Manhattan Village

40

Manhattan Bch Heights/Lib Vlg

30

Manhattan Bch Mira Costa

20

Total Active Listings

10
2013

Back to Table of Contents

2014

2015

2015 Months of Inventory by Map Area

16.0
14.0
12.0
10.0
Manhattan Bch Sand

8.0

Manhattan Bch Tree

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

6.0
4.0
2.0
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
2.3
16.0
0.7
2.0
2.0
2.2

Feb

Feb
6.3
2.3
1.5
2.5
1.7
3.7

Mar

Mar
2.3
3.3
5.0
1.0
1.5
2.0

Apr

Apr
2.6
2.0
6.0
1.5
2.7
1.7

May

May
2.4
1.4
3.0
1.5
3.8

Jun

Jul

Aug

Jun
3.0
2.0
3.0
2.0
5.0
2.0

Jul
9.0
2.0
14.0
1.0
1.0
2.0

Aug
4.0
4.0
4.0
1.0
2.0
3.0

Sep

Sep
2.0
1.0
4.0
2.0
7.0

Oct

Oct
3.0
5.0
5.0
1.0
1.0
3.0

Nov

Nov
8.0
2.0
2.0
2.0
3.0

Dec

Dec

Months of Inventory Year-to-Year

4.0
3.5
3.0
2.5
2.0
1.5
2013
2014
2015

1.0
0.5
Jan

Feb

Months of Inventory Year-to-Year

2013
2014
2015
Back to Table of Contents

Mar

Jan
2.9
3.0
2.6

Apr

May

Feb
3.4
2.2
3.0

Mar
2.0
2.2
2.3

Jun

Apr
1.7
2.0
2.3

Jul

May
1.8
2.0
2.3

Aug

Jun
2.5
2.0
3.0

Jul
2.1
2.2
3.0

Sep

Aug
2.0
2.0
3.0

Oct

Sep
2.2
2.8
2.0

Nov

Oct
2.0
1.9
3.0

Dec

Nov
1.5
1.5
4.0

Dec
0.8
1.1

Summary
The Manhattan Beach real estate market enjoyed an 8.8% bump in the market median sales price for November, which amounts
to $182.5K compared to October. All other major data points, however, failed to perform to expectations as total sales, median
days to sell, and the sales/listing ratio trended negative in double digit territory. Thankfully the year-over-year analysis revealed a
$62+K improvement in the market median sales price.
In the news According to C.A.R., statewide sales were below the 400,000 mark for the first time in eight months while
the statewide median home valuation holds strong in the $475K range.
http://www.car.org/newsstand/newsreleases/2015releases/november2015sales?view=Standard
For questions concerning buying or selling, please give me a call today. No commitment necessary, merely interested in helping in
any way I can.

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

Oct 2015

Monthly Comparison Year-to-Year

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

Nov 2014
35
2,200,000
43
61
1.5

Back to Table of Contents

32
2,080,000
32
92
34.8%
3.0

Nov 2015
Delta (qty)
22
-10
2,262,500
182,500
39
7
86
-6
25.6%
-0.092
4.0
1.0

Nov 2015
22
2,262,500
39
86
4.0

Delta
-13
62,500
-4
25
2.5

Delta (%)
-31.3%
8.8%
21.9%
-6.5%
-26.4%
33.3%

Increase

Decrease

Delta
-37.1%
2.8%
-9.3%
41.0%
166.7%

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

Back to Table of Contents

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

Website

Listings

MLS

BLOG

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