Manhattan Beach

Residential Real Estate

Market Conditions
June 2016

Key Statistics for June

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 June

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

May 2016
43
2,225,000
33
149
28.9%
3.0

Jun 2016

Monthly Comparison Year-to-Year

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

Jun 2015

Jun 2016

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35
2,400,000
43
96
3.0

39
1,924,000
41
157
24.8%
4.0

39
1,924,000
41
157
4.0

Delta (qty)
-4
(301,000)
8
8
-0.041
1.0

Delta
4
(476,000)
-2
61
1

Delta (%)
-9.3%
-13.5%
24.2%
5.4%
-14.2%
33.3%

Increase

Decrease

Delta
11.4%
-19.8%
-4.7%
63.5%
33.3%

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

Apr
4
16
1
3
3
4
31

May
12
16
4
2
4
5
43

Jun
7
13
2
1
8
8
39

2016 Total Sales Month-to-Month by Map Area

45
40
35
30

Manhattan Bch Sand

Manhattan Bch Tree

25

Manhattan Bch Hill

20

Manhattan Village
Manhattan Bch Heights/Lib Vlg

15

Manhattan Bch Mira Costa

Total Sales

10
5
Apr

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May

Jun

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
8
18
4
3
2
7
42

2015
7
10
4
2
2
10
35

2016
7
13
2
1
8
8
39

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

45
40
35
30

Manhattan Bch Sand

Manhattan Bch Tree

25

Manhattan Bch Hill

Manhattan Village

20

Manhattan Bch Heights/Lib Vlg

15

Manhattan Bch Mira Costa

Total Sales

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

Apr
2,150,000
2,715,000
2,365,000
1,290,000
1,337,500
2,037,500
2,200,000

May
3,475,000
2,188,750
5,175,000
1,627,500
1,707,500
1,425,000
2,225,000

Jun
2,245,000
1,805,000
2,900,500
985,000
1,660,000
2,110,000
1,924,000

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

6,000,000

5,000,000

4,000,000

Manhattan Bch Sand

Manhattan Bch Tree
Manhattan Bch Hill

3,000,000

Manhattan Village
Manhattan Bch Heights/Lib Vlg

2,000,000

Manhattan Bch Mira Costa

Market Median Sales Price
1,000,000

Apr

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May

Jun

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
1,855,000
2,112,500
3,465,000
1,618,000
1,260,500
1,915,000
1,902,500

2015
3,075,000
2,195,000
2,875,000
1,412,000
1,477,500
2,500,000
2,400,000

2016
2,245,000
1,805,000
2,900,500
985,000
1,660,000
2,110,000
1,924,000

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

3,500,000
3,000,000
2,500,000

Manhattan Bch Sand

Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Market Median Sales Price

2,000,000
1,500,000
1,000,000
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

Back to Table of Contents

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

Jun
58
37
15
6
13
28
157

Jul

Aug

Jul

Aug

Sep

Sep

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

Active Listings vs. Total Sales by Map Area

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

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Aug

Jul

Sep

Aug

Oct

Sep

Nov

Oct

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
27
20
8
10
8
21
94

2015
27
21
11
4
11
22
96

2016
58
37
15
6
13
28
157

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

160
140
120
100

Manhattan Bch Sand

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

80
60
40
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

Apr
11.0
2.0
16.0
2.0
4.0
5.0

May

May
4.0
2.0
4.0
4.0
4.0
5.0

Jun

Jul

Aug

Jun
8.0
3.0
8.0
6.0
2.0
4.0

Jul

Aug

Sep

Sep

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

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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

Sep

Aug
2.0
3.0

Oct

Sep
3.0
3.0

Nov

Oct
2.0
3.0

Dec

Nov
2.0
4.0

Dec
1.0
3.0

Summary
Manhattan Beach real estate activity in June was a bit uninspiring as total sales dropped 9.3%, median sales price declined 13.5%,
median days to sell increased 24.2%, and the sales-listing ratio decreased 14.2%. Year-over-year the median sales price for June
adjusted down 19.8% in 2016 relative to 2015.
In the news According to C.A.R., After a couple months of lackluster growth in transaction volume, California existing
home sales rose to their highest level in nearly four years in June, as sales surpassed the 400,000 mark for the fourth
consecutive month. http://www.car.org/newsstand/newsreleases/2016releases/junesalesandprice/?view=Standard

For listing or buying questions or representation, or further information on market trending behavior, please feel free to contact
me anytime. I look forward to hearing from you!

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

May 2016
43
2,225,000
33
149
28.9%
3.0

Jun 2016

Monthly Comparison Year-to-Year

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

Jun 2015

Jun 2016

Back to Table of Contents

35
2,400,000
43
96
3.0

39
1,924,000
41
157
24.8%
4.0

39
1,924,000
41
157
4.0

Delta (qty)
-4
(301,000)
8
8
-0.041
1.0

Delta
4
(476,000)
-2
61
1

Delta (%)
-9.3%
-13.5%
24.2%
5.4%
-14.2%
33.3%

Increase

Decrease

Delta
11.4%
-19.8%
-4.7%
63.5%
33.3%

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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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.

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