february 2016 manhattan beach real estate market trends update

Manhattan Beach Residential Real Estate

Market Conditions February 2016

http://hadychahine.com/

Table of

Contents

Key Statistics for February

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 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

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Key Statistics for February

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= trending positive = trending positive

= trending negative = trending negative

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

Total Sales 15 21 6 40.0%

Median Sales Price 1,770,000 1,850,000 80,000 4.5%

Median Days to Sell 61 52 -9 -14.8%

Listings 81 97 16 19.8%

Sales/Listing Ratio 18.5% 21.6% 0.031 16.8%

Months of Inventory 5.0 5.0 0.0 0.0%

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



Median Days to Sell 32 52 20 62.5%

Listings 61 97 36 59.0%

Months of Inventory 3.0 5.0 2 66.7%



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

Manhattan Bch Sand 1 7

Manhattan Bch Tree 7 3

Manhattan Bch Hill - 2

Manhattan Village 1 1

Manhattan Bch Heights/Lib Vlg 2 3

Manhattan Bch Mira Costa 4 5

Total Sales 15 21

-

5

10

15

20

25

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 Year-to-Year by Map Area 2014 2015 2016

Manhattan Bch Sand 11 3 7

Manhattan Bch Tree 4 6 3

Manhattan Bch Hill 2 2 2

Manhattan Village - 2 1

Manhattan Bch Heights/Lib Vlg 3 3 3

Manhattan Bch Mira Costa 5 3 5

Total Sales 25 19 21

-

5

10

15

20

25

2014 2015 2016

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Sales



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

Manhattan Bch Sand 2,100,000 3,745,000

Manhattan Bch Tree 2,025,000 1,850,000

Manhattan Bch Hill - 4,325,000

Manhattan Village 2,400,000 1,425,000

Manhattan Bch Heights/Lib Vlg 2,130,000 1,199,500

Manhattan Bch Mira Costa 1,352,500 1,380,000

Market Median Sales Price 1,770,000 1,850,000

-

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

Jan Feb Mar

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Market Median Sales Price



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

Manhattan Bch Sand 2,005,000 2,826,000 3,745,000

Manhattan Bch Tree 2,181,000 2,360,000 1,850,000

Manhattan Bch Hill 2,157,500 2,525,000 4,325,000

Manhattan Village - 855,000 1,425,000

Manhattan Bch Heights/Lib Vlg 1,115,000 1,291,875 1,199,500

Manhattan Bch Mira Costa 2,595,000 1,335,000 1,380,000

Market Median Sales Price 2,005,000 1,750,000 1,850,000

-

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

2014 2015 2016

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



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 12




Total Active Listings 81 97

-

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 Tree

Manhattan 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 12




Total Active Listings 81 97

Total Sales 15 21

Sales/Listings Ratio 18.5% 21.6%

-

10

20

30

40

50

60

70

80

90

100


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 19 20 35

Manhattan Bch Tree 15 15 24

Manhattan Bch Hill 7 4 12

Manhattan Village 3 5 3

Manhattan Bch Heights/Lib Vlg 9 5 9

Manhattan Bch Mira Costa 10 12 14

Total Active Listings 63 61 97

-

10

20

30

40

50

60

70

80

90

100

2014 2015 2016

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

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 5.0

Manhattan Bch Tree 2.0 8.0

Manhattan Bch Hill - 6.0

Manhattan Village 3.0 3.0

Manhattan Bch Heights/Lib Vlg 2.0 3.0

Manhattan Bch Mira Costa 5.0 3.0

-

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 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


Summary February was good to Manhattan Beach real estate investors as major data points revealed inspiring activity. For example, total

sale bumped 40%, market median sales price increased 4.5%, median days to sell dropped 14.8%, net listings rose 19.8%, and the

sales-listing ratio improved by 16.8%.

In the news… According to C.A.R., “Existing, single-family home sales totaled 393,360 in February on a seasonally adjusted

annualized rate, up 2.6 percent from January and 6.4 percent above February

2015.”http://www.car.org/newsstand/newsreleases/2016releases/february2016sales?view=Standard

For listing or buying guidance, or additional statistics on market trending behavior, please do not hesitate to contact me to

schedule a time to discuss how I can be of service to you.


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



Median Days to Sell 32 52 20 62.5%

Listings 61 97 36 59.0%

Months of Inventory 3.0 5.0 2 66.7%

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



Median Days to Sell 61 52 -9 -14.8%

Listings 81 97 16 19.8%

Sales/Listing Ratio 18.5% 21.6% 0.031 16.8%

Months of Inventory 5.0 5.0 0.0 0.0%


http://www.car.org/newsstand/newsreleases/2016releases/february2016sales?view=Standard

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Hady Chahine…


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