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8/16/2019 Manhattan Beach Real Estate Market Conditions - April 2016
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Manhattan BeachResidential Real Estate
Market Conditions April 2016
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Table ofContents
Key Statistics for April
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
Listings2016 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
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Key Statistics for April
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Mar 2016 Apr 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 34 31 -3 -8.8%
Median Sales Price 2,481,250 2,200,000 (281,250) -11.3%
Median Days to Sell 40 27 -13 -32.5%
Listings 120 130 10 8.3%
Sales/Listing Ratio 28.3% 23.8% -0.045 -15.9%
Months of Inventory 4.0 4.0 0.0 0.0%
Monthly Comparison Year-to-Year Apr 2015 Apr 2016 Delta Delta Increase Decrease
Total Sales 31 31 0 0.0%
Median Sales Price 2,100,000 2,200,000 100,000 4.8%
Median Days to Sell 29 27 -2 -6.9%
Listings 77 130 53 68.8%
Months of Inventory 2.0 4.0 2 100.0%
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Total Sales Month-to-Month by Map Area Feb Mar Apr
Manhattan Bch Sand 7 9 4
Manhattan Bch Tree 3 8 16
Manhattan Bch Hill 2 6 1
Manhattan Village 1 2 3
Manhattan Bch Heights/Lib Vlg 3 1 3
Manhattan Bch Mira Costa 5 8 4 Total Sales 21 34 31
-
5
10
15
20
25
30
35
Feb Mar Apr
2016 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 2014 2015 2016
Manhattan Bch Sand 11 9 4
Manhattan Bch Tree 12 10 16
Manhattan Bch Hill 9 1 1
Manhattan Village 1 2 3
Manhattan Bch Heights/Lib Vlg 6 3 3
Manhattan Bch Mira Costa 6 6 4 Total Sales 45 31 31
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5
10
15
20
25
30
35
40
45
2014 2015 2016
Total Sales Year-to-Year by Map Area: April
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 Feb Mar Apr
Manhattan Bch Sand 3,745,000 2,599,000 2,150,000
Manhattan Bch Tree 1,850,000 2,730,000 2,715,000
Manhattan Bch Hill 4,325,000 3,597,500 2,365,000
Manhattan Village 1,425,000 1,445,000 1,290,000
Manhattan Bch Heights/Lib Vlg 1,199,500 1,335,000 1,337,500
Manhattan Bch Mira Costa 1,380,000 2,247,500 2,037,500 Market Median Sales Price 1,850,000 2,481,250 2,200,000
-
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
Feb Mar Apr
2016 Median Sales Price Month-to-Month by Map Area
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan VillageManhattan 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 2014 2015 2016
Manhattan Bch Sand 2,275,000 2,990,000 2,150,000
Manhattan Bch Tree 1,827,500 1,900,000 2,715,000
Manhattan Bch Hill 1,930,000 2,525,000 2,365,000
Manhattan Village 1,555,000 1,787,500 1,290,000
Manhattan Bch Heights/Lib Vlg 1,442,500 1,460,000 1,337,500
Manhattan Bch Mira Costa 1,350,000 1,549,500 2,037,500 Market Median Sales Price 1,850,000 2,100,000 2,200,000
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
2014 2015 2016
Median Sales Price Year-to-Year by Map Area: April
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 31 35 37 45
Manhattan Bch Tree 16 24 40 31
Manhattan Bch Hill 8 12 13 16
Manhattan Village 3 3 4 6
Manhattan Bch Heights/Lib Vlg 4 9 10 11
Manhattan Bch Mira Costa 19 14 16 21
Total Active Listings 81 97 120 130
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5
10
15
20
25
30
35
40
45
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 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 31 35 37 45
Manhattan Bch Tree 16 24 40 31
Manhattan Bch Hill 8 12 13 16
Manhattan Village 3 3 4 6
Manhattan Bch Heights/Lib Vlg 4 9 10 11
Manhattan Bch Mira Costa 19 14 16 21
Total Active Listings 81 97 120 130
Total Sales 15 21 34 31
Sales/Listings Ratio 18.5% 21.6% 28.3% 23.8%
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20
40
60
80
100
120
140
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2014 2015 2016
Manhattan Bch Sand 16 26 45
Manhattan Bch Tree 28 21 31
Manhattan Bch Hill 10 6 16
Manhattan Village 7 3 6
Manhattan Bch Heights/Lib Vlg 12 8 11
Manhattan Bch Mira Costa 22 13 21 Total Active Listings 95 77 130
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20
40
60
80
100
120
140
2014 2015 2016
Active Listings Year-to-Year by Map Area: April
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 31.0 5.0 4.0 11.0
Manhattan Bch Tree 2.0 8.0 5.0 2.0
Manhattan Bch Hill - 6.0 2.0 16.0
Manhattan Village 3.0 3.0 2.0 2.0
Manhattan Bch Heights/Lib Vlg 2.0 3.0 10.0 4.0
Manhattan Bch Mira Costa 5.0 3.0 2.0 5.0
-
5.0
10.0
15.0
20.0
25.0
30.0
35.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 Months of Inventory by Map Area
Manhattan Bch Sand
Manhattan Bch TreeManhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
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SummaryAnalysis of Manhattan Beach real estate activity for April revealed total sales dropped 8.8%, median sales price declined 11.3% or
$281.25K, and sales-listing ratio fell 15.9%. However, during this period of time median days to sell improved 32.5% and net
listings increased 8.3%. Notable year-over-year stats worth mentioning includes 4.8% or $100K bump in the median sales price
and a 68.8% spike in net listings.
In the news… According to C.A.R., “statewide median home price climbs, breaking $500,000 for first time in nine years.”
http://www.car.org/newsstand/newsreleases/2016releases/April2016sales?view=Standard
For listing or buying questions or representation, or further information on market trending behavior, please feel free to contactme anytime. I look forward to hearing from you!
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Month-to-Month Comparison Mar 2016 Apr 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 34 31 -3 -8.8%
Median Sales Price 2,481,250 2,200,000 (281,250) -11.3%
Median Days to Sell 40 27 -13 -32.5%
Listings 120 130 10 8.3%
Sales/Listing Ratio 28.3% 23.8% -0.045 -15.9%
Months of Inventory 4.0 4.0 0.0 0.0%
Monthly Comparison Year-to-Year Apr 2015 Apr 2016 Delta Delta Increase Decrease
Total Sales 31 31 0 0.0%
Median Sales Price 2,100,000 2,200,000 100,000 4.8%
Median Days to Sell 29 27 -2 -6.9%
Listings 77 130 53 68.8%
Months of Inventory 2.0 4.0 2 100.0%
http://www.car.org/newsstand/newsreleases/2016releases/April2016saleshttp://www.car.org/newsstand/newsreleases/2016releases/April2016saleshttp://hadychahine.com/http://hadychahine.com/
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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…
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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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Listings MLS BLOGWebsite
Hady Chahine
• [email protected]• 310-404-5361
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