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Manhattan Beach Residential Real Estate Market Conditions February 2017
| Date post: | 12-Apr-2017 |
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Real Estate |
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Table of
Contents
Key Statistics for February
Sales 2017 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2017 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2017 Active Listings by Map Area 2017 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2017 Months of Inventory by Map Area Year-to-Year Months of Inventory
Summary
About Hady Chahine Contact Information
Key Statistics for February
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Jan 2017 Feb 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 23 15 -8 -34.8%
Median Sales Price 2,475,000 1,530,000 (945,000) -38.2%
Median Days to Sell 31 34 3 9.7%
Listings 98 111 13 13.3%
Sales/Listing Ratio 23.5% 13.5% -0.1 -42.6%
Months of Inventory 4.0 7.0 3.0 75.0%
Monthly Comparison Year-to-Year Feb 2016 Feb 2017 Delta Delta Increase Decrease
Total Sales 21 15 -6 -28.6%
Median Sales Price 1,850,000 1,530,000 (320,000) -17.3%
Median Days to Sell 52 34 -18 -34.6%
Listings 93 111 18 19.4%
Months of Inventory 5.0 7.0 2 40.0%
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Total Sales Month-to-Month by Map Area Jan Feb Mar
Manhattan Bch Sand 7 2
Manhattan Bch Tree 8 7
Manhattan Bch Hill 1 1
Manhattan Village 2 1
Manhattan Bch Heights/Lib Vlg 5 2
Manhattan Bch Mira Costa - 2
Total Sales 23 15
-
5
10
15
20
25
Jan Feb Mar
2017 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 2015 2016 2017
Manhattan Bch Sand 3 7 2
Manhattan Bch Tree 6 3 7
Manhattan Bch Hill 2 2 1
Manhattan Village 2 1 1
Manhattan Bch Heights/Lib Vlg 3 3 2
Manhattan Bch Mira Costa 3 5 2
Total Sales 19 21 15
-
5
10
15
20
25
2015 2016 2017
Total Sales Year-to-Year by Map Area: February
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 Jan Feb Mar
Manhattan Bch Sand 3,800,000 2,040,000
Manhattan Bch Tree 2,370,000 1,586,000
Manhattan Bch Hill 2,150,000 1,720,000
Manhattan Village 1,252,500 1,050,000
Manhattan Bch Heights/Lib Vlg 1,420,000 1,352,500
Manhattan Bch Mira Costa - 1,382,500
Market Median Sales Price 2,475,000 1,530,000
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
Jan Feb Mar
2017 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 2015 2016 2017
Manhattan Bch Sand 2,826,000 3,745,000 2,040,000
Manhattan Bch Tree 2,360,000 1,850,000 1,586,000
Manhattan Bch Hill 2,525,000 4,325,000 1,720,000
Manhattan Village 855,000 1,425,000 1,050,000
Manhattan Bch Heights/Lib Vlg 1,291,875 1,199,500 1,352,500
Manhattan Bch Mira Costa 1,335,000 1,380,000 1,382,500
Market Median Sales Price 1,750,000 1,850,000 1,530,000
-
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
2015 2016 2017
Median Sales Price Year-to-Year by Map Area: February
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 42 43
Manhattan Bch Tree 16 30
Manhattan Bch Hill 14 15
Manhattan Village 3 2
Manhattan Bch Heights/Lib Vlg 3 8
Manhattan Bch Mira Costa 20 13
Total Active Listings 98 111
-
5
10
15
20
25
30
35
40
45
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 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 42 43
Manhattan Bch Tree 16 30
Manhattan Bch Hill 14 15
Manhattan Village 3 2
Manhattan Bch Heights/Lib Vlg 3 8
Manhattan Bch Mira Costa 20 13
Total Active Listings 98 111
Total Sales 23 15
Sales/Listings Ratio 23.5% 13.5%
-
20
40
60
80
100
120
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 17 32 43
Manhattan Bch Tree 14 28 30
Manhattan Bch Hill 4 9 15
Manhattan Village 4 2 2
Manhattan Bch Heights/Lib Vlg 4 8 8
Manhattan Bch Mira Costa 11 14 13
Total Active Listings 54 93 111
-
20
40
60
80
100
120
2015 2016 2017
Active Listings Year-to-Year by Map Area: February
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 6.0 22.0
Manhattan Bch Tree 2.0 4.0
Manhattan Bch Hill 14.0 15.0
Manhattan Village 2.0 2.0
Manhattan Bch Heights/Lib Vlg 1.0 4.0
Manhattan Bch Mira Costa - 7.0
-
5.0
10.0
15.0
20.0
25.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 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
2015 3.0 3.0 2.0 2.0 2.0 3.0 3.0 3.0 3.0 3.0 4.0 3.0
2016 5.0 5.0 4.0 4.0 3.0 4.0 5.0 3.0 3.0 3.0 3.0 4.0
2017 4.0 7.0
-
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
2015
2016
2017
Summary Manhattan Beach real estate activity in February was rather disappointing as total sales dropped 34.8%, median sales price fell
38.2%, median days to sell increased 9.7% and the sales-listing ratio plummeted 42.6%. On a positive note, net listings improved
13.3%. Year-over-year months of inventory climbed 40% from February 2016 to 2017.
In February, C.A.R. reported “Existing, single-family home sales totaled 420,100 in January on a seasonally adjusted
annualized rate, up 2.1 percent from December and 4.4 percent from January 2016.”
http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/jan2017sales?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!
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Monthly Comparison Year-to-Year Feb 2016 Feb 2017 Delta Delta Increase Decrease
Total Sales 21 15 -6 -28.6%
Median Sales Price 1,850,000 1,530,000 (320,000) -17.3%
Median Days to Sell 52 34 -18 -34.6%
Listings 93 111 18 19.4%
Months of Inventory 5.0 7.0 2 40.0%
Month-to-Month Comparison Jan 2017 Feb 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 23 15 -8 -34.8%
Median Sales Price 2,475,000 1,530,000 (945,000) -38.2%
Median Days to Sell 31 34 3 9.7%
Listings 98 111 13 13.3%
Sales/Listing Ratio 23.5% 13.5% -0.1 -42.6%
Months of Inventory 4.0 7.0 3.0 75.0%
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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