Manhattan Beach Residential Real Estate

Market Conditions August 2014

Table of

Contents

Key Statistics for August

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 Listings 2014 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 September

About Hady Chahine Contact Information

Key Statistics for August

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Jul 2014 Aug 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 36 39 3 8.3%

Median Sales Price 1,927,500 1,900,000 (27,500) -1.4%

Median Days to Sell 43 34 -9 -20.9%

Listings 78 76 -2 -2.6%

Sales/Listing Ratio 46.2% 51.3% 0.051 11.0%

Months of Inventory 2.2 2.0 -0.2 -9.1%

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

Total Sales 40 39 -1 -2.5%

Median Sales Price 1,685,000 1,900,000 215,000 12.8%

Median Days to Sell 34 34 0 0.0%

Listings 83 76 -7 -8.4%

Months of Inventory 2.0 2.0 0 0.0%

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Total Sales Month-to-Month by Map Area Jun Jul Aug

Manhattan Bch Sand 8 6 13

Manhattan Bch Tree 18 13 9

Manhattan Bch Hill 4 2 2

Manhattan Village 3 4 4

Manhattan Bch Heights/Lib Vlg 2 1 4

Manhattan Bch Mira Costa 7 10 7

Total Sales 42 36 39

0

5

10

15

20

25

30

35

40

45

Jun Jul Aug

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

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Total Sales Year-to-Year by Map Area 2012 2013 2014

Manhattan Bch Sand 8 7 13

Manhattan Bch Tree 19 16 9

Manhattan Bch Hill 3 5 2

Manhattan Village 0 1 4

Manhattan Bch Heights/Lib Vlg 3 4 4

Manhattan Bch Mira Costa 12 7 7

Total Sales 45 40 39

0

5

10

15

20

25

30

35

40

45

2012 2013 2014

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

Total Sales

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Median Sales Price Month-to-Month by Map Area Jun Jul Aug

Manhattan Bch Sand 1,855,000 2,880,000 2,250,000

Manhattan Bch Tree 2,112,500 2,050,000 1,900,000

Manhattan Bch Hill 3,465,000 2,605,000 3,510,000

Manhattan Village 1,618,000 1,365,000 1,162,000

Manhattan Bch Heights/Lib Vlg 1,260,500 1,385,000 1,337,500

Manhattan Bch Mira Costa 1,915,000 1,562,500 1,995,000

Market Median Sales Price 1,902,500 1,927,500 1,900,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

Jun Jul Aug

2014 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

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

Manhattan Bch Sand 1,517,500 1,750,000 2,250,000

Manhattan Bch Tree 1,549,999 1,929,700 1,900,000

Manhattan Bch Hill 3,150,000 2,199,900 3,510,000

Manhattan Village - 1,299,000 1,162,000

Manhattan Bch Heights/Lib Vlg 902,000 1,137,000 1,337,500

Manhattan Bch Mira Costa 1,447,500 1,350,000 1,995,000

Market Median Sales Price 1,485,000 1,685,000 1,900,000

-

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: August

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

Market Median Sales Price

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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

Manhattan Bch Tree 10 10 21 28 21 19 14 13

Manhattan Bch Hill 5 6 10 10 12 6 6 5

Manhattan Village - 2 5 7 7 9 8 6

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

Manhattan Bch Mira Costa 8 7 13 20 24 19 22 18

Total Active Listings 45 49 73 88 85 83 78 76

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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

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

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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

Manhattan Bch Tree 10 10 21 28 21 19 14 13

Manhattan Bch Hill 5 6 10 10 12 6 6 5

Manhattan Village - 2 5 7 7 9 8 6

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

Manhattan Bch Mira Costa 8 7 13 20 24 19 22 18

Total Active Listings 45 49 73 88 85 83 78 76

Total Sales 15 22 33 45 43 42 36 39

Sales/Listings Ratio 33.3% 44.9% 45.2% 51.1% 50.6% 50.6% 46.2% 51.3%

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10

20

30

40

50

60

70

80

90

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

2014 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales

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

Manhattan Bch Sand 40 24 30

Manhattan Bch Tree 17 16 13

Manhattan Bch Hill 10 15 5

Manhattan Village 5 5 6

Manhattan Bch Heights/Lib Vlg 9 8 4

Manhattan Bch Mira Costa 27 15 18

Total Active Listings 108 83 76

0

20

40

60

80

100

120

2012 2013 2014

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

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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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

Manhattan Bch Tree 3.3 2.5 2.3 2.6 1.3 1.1 1.1 1.4

Manhattan Bch Hill 5.0 3.0 2.5 1.1 12.0 1.5 3.0 2.5

Manhattan Village - - 2.5 7.0 2.3 3.0 2.0 1.5

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

Manhattan Bch Mira Costa 2.7 2.3 2.2 3.3 4.0 2.7 2.2 2.6

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2.0

4.0

6.0

8.0

10.0

12.0

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

2014 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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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

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1.0

2.0

3.0

4.0

5.0

6.0

7.0

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

Months of Inventory Year-to-Year

2012

2013

2014

Outlook for September

Among the positive real estate trending stats for Manhattan Beach during August included an 8.3% jump

in total sales, 20.9% reduction in the median days to sell, and an 11% improvement in the sales/listing

ratio. Unfortunately, however, the MLS did report a $27.5K drop in the market median sales price but, to

put this figure into perspective, this number equates to a marginal 1.4%.

With fall weather just around the corner I suspect real activity in September to trend slightly off pace with

respect to summertime activities. Though, because mortgage money remains relatively inexpensive it is

possible that buyers remain thoroughly engaged until interest rate behavior changes. Of course, when

this is likely to occur is anyone’s guess at the moment. Question about listing your property? How about

buying in today’s market? If so, please feel free to call me anytime. I would love to discuss how I can be

of service to you!

Your recap…

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Month-to-Month Comparison Jul 2014 Aug 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 36 39 3 8.3%

Median Sales Price 1,927,500 1,900,000 (27,500) -1.4%

Median Days to Sell 43 34 -9 -20.9%

Listings 78 76 -2 -2.6%

Sales/Listing Ratio 46.2% 51.3% 0.051 11.0%

Months of Inventory 2.2 2.0 -0.2 -9.1%

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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About

Hady Chahine…

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s 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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