Manhattan Beach Real Estate Market Conditions - January 2016

7/24/2019 Manhattan Beach Real Estate Market Conditions - January 2016

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Manhattan BeachResidential Real Estate

Market ConditionsJanuary 2016
http://hadychahine.com/


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Table ofContents

Key Statistics for January

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 January

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Dec 2015 Jan 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 27 15 -12 -44.4%

Median Sales Price 2,218,000 1,770,000 (448,000) -20.2%

Median Days to Sell 56 61 5 8.9%

Listings 62 81 19 30.6%

Sales/Listing Ratio 43.5% 18.5% -0.25 -57.5%

Months of Inventory 2.0 5.0 3.0 150.0%

Monthly Comparison Year-to-Year Jan 2015 Jan 2016 Delta Delta Increase Decrease

Total Sales 21 15 -6 -28.6%

Median Sales Price 1,635,000 1,770,000 135,000 8.3%


Listings 56 81 25 44.6%

Months of Inventory 3.0 5.0 2 66.7%
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-

2

4

6

8

10

12

14

16

Jan Feb Mar

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

Total Sales Month-to-Month by Map Area Jan Feb Mar

Manhattan Bch Sand 1

Manhattan Bch Tree 7

Manhattan Bch Hill -

Manhattan Village 1

Manhattan Bch Heights/Lib Vlg 2

Manhattan Bch Mira Costa 4Total Sales 15


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Total Sales Year-to-Year by Map Area 2014 2015 2016

Manhattan Bch Sand 4 6 1

Manhattan Bch Tree 3 1 7

Manhattan Bch Hill 1 3 -

Manhattan Village 2 3 1

Manhattan Bch Heights/Lib Vlg 2 2 2

Manhattan Bch Mira Costa 3 6 4Total Sales 15 21 15

-

5

10

15

20

25

2014 2015 2016

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Sales


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Median Sales Price Month-to-Month by Map Area Jan Feb Mar

Manhattan Bch Sand 2,100,000

Manhattan Bch Tree 2,025,000


Manhattan Village 2,400,000

Manhattan Bch Heights/Lib Vlg 2,130,000

Manhattan Bch Mira Costa 1,352,500MarketMedian Sales Price 1,770,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

Jan Feb Mar

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


Market Median Sales Price


7/15Back to Table of Contents

Median Sales Price Year-to-Year by Map Area 2014 2015 2016

Manhattan Bch Sand 3,075,000 1,577,500 2,100,000

Manhattan Bch Tree 2,135,000 2,400,000 2,025,000

Manhattan Bch Hill 2,300,000 3,500,000 -

Manhattan Village 918,750 1,260,000 2,400,000

Manhattan Bch Heights/Lib Vlg 1,820,000 908,125 2,130,000

Manhattan Bch Mira Costa 1,900,000 1,667,500 1,352,500Market Median Sales Price 2,152,000 1,635,000 1,770,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

2014 2015 2016

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan VillageManhattan Bch Heights/Lib Vlg


Market Median Sales Price



Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec



Manhattan Bch Hill 8

Manhattan Village 3


Manhattan Bch Mira Costa 19

Total Active Listings 81

-

5

10

15

20

25

30

35

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

2016 Active Listings by Map Area

Manhattan Bch Sand

Manhattan Bch TreeManhattan Bch Hill

Manhattan Village





Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec



Manhattan Bch Hill 8

Manhattan Village 3


Manhattan Bch Mira Costa 19

Total Active Listings 81

Total Sales 15

Sales/Listings Ratio 18.5%

-

10

20

30

40

50

60

70

80

90


2016 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2014 2015 2016

Manhattan Bch Sand 20 14 31

Manhattan Bch Tree 12 16 16

Manhattan Bch Hill 6 3 8

Manhattan Village 1 6 3

Manhattan Bch Heights/Lib Vlg 7 4 4

Manhattan Bch Mira Costa 11 13 19Total Active Listings 57 56 81

-

10

20

30

40

50

60

70

80

90

2014 2015 2016

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Active Listings



Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Manhattan Bch Sand 31.0

Manhattan Bch Tree 2.0


Manhattan Vil lage 3.0

Manhattan Bch Heights/Lib Vlg 2.0

Manhattan Bch Mira Costa 5.0

-

5.0

10.0

15.0

20.0

25.0

30.0

35.0


2016 Months of Inventory by Map Area

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village





Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2014 4.0 3.0 3.0 2.0 2.0 2.0 3.0 2.0 3.0 2.0 2.0 1.0

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

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0


Months of Inventory Year-to-Year

2014

2015

2016


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SummaryJanuary was a rough month for Manhattan Beach real estate investing as total sales declined 44.4%, median sales price dropped

$448K, median days to sell bumped 8.9%, and the sales-listing ratio fell 57.5%. Evaluating year-over-year data points revealed the

market median sales price grew $135K and net listings improved 44.6%.

In the news According to C.A.R., Januarys statewide median home price was $468,330, down 4.3 percent from December

and up 9.2 percent from January 2015.

http://www.car.org/newsstand/newsreleases/2016releases/january2016sales?view=Standard

For listing or buying guidance, or additional statistics on market trending behavior, please do not hesitate to contact me. - My jobis your future.


Month-to-Month Comparison Dec 2015 Jan 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 27 15 -12 -44.4%

Median Sales Price 2,218,000 1,770,000 (448,000) -20.2%


Listings 62 81 19 30.6%

Sales/Listing Ratio 43.5% 18.5% -0.25 -57.5%Months of Inventory 2.0 5.0 3.0 150.0%

Monthly Comparison Year-to-Year Jan 2015 Jan 2016 Delta Delta Increase Decrease

Total Sales 21 15 -6 -28.6%

Median Sales Price 1,635,000 1,770,000 135,000 8.3%


Listings 56 81 25 44.6%

Months of Inventory 3.0 5.0 2 66.7%
http://www.car.org/newsstand/newsreleases/2016releases/january2016sales?view=Standardhttp://www.car.org/newsstand/newsreleases/2016releases/january2016sales?view=Standardhttp://hadychahine.com/http://hadychahine.com/


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Serving South Bay Home Buyers and Sellers Since 2001

RE/MAX Top 4 Team in California2012

RE/MAX 100% Club - 2011

Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010


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 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.


Listings MLS BLOGWebsite

Hady Chahine

[email protected] 310-404-5361
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Manhattan Beach Real Estate Market Conditions - January 2016

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