April 2015 Manhattan Beach Real Estate Market Trends Update

Manhattan Beach Residential Real Estate

Market Conditions April 2015

http://hhcrealestate.com/

Table of

Contents

Key Statistics for April

Sales 2015 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2015 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2015 Active Listings by Map Area 2015 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2015 Months of Inventory by Map Area Year-to-Year Months of Inventory

Outlook for May

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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 2015 Apr 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 34 31 -3 -8.8%

Median Sales Price 1,690,000 2,100,000 410,000 24.3%

Median Days to Sell 25 29 4 16.0%

Listings 77 70 -7 -9.1%

Sales/Listing Ratio 44.2% 44.3% 0.001 0.2%

Months of Inventory 2.3 2.3 0.0 0.0%

Monthly Comparison Year-to-Year Apr 2014 Apr 2015 Delta Delta Increase Decrease

Total Sales 45 31 -14 -31.1%

Median Sales Price 2,100,000 2,100,000 - 0.0%


Listings 95 70 -25 -26.3%




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

Manhattan Bch Sand 3 12 9

Manhattan Bch Tree 6 6 10

Manhattan Bch Hill 2 1 1

Manhattan Village 2 4 2

Manhattan Bch Heights/Lib Vlg 3 4 3

Manhattan Bch Mira Costa 3 7 6

Total Sales 19 34 31

0

5

10

15

20

25

30

35

Feb Mar Apr

2015 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 2013 2014 2015







Total Sales 45 45 31

0

5

10

15

20

25

30

35

40

45

2013 2014 2015

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

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village



Total Sales



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

Manhattan Bch Sand 2,826,000 2,240,000 2,990,000

Manhattan Bch Tree 2,360,000 2,724,418 1,900,000

Manhattan Bch Hill 2,525,000 4,300,000 2,525,000

Manhattan Village 855,000 1,179,750 1,787,500

Manhattan Bch Heights/Lib Vlg 1,291,875 1,304,000 1,460,000

Manhattan Bch Mira Costa 1,335,000 1,609,000 1,549,500

Market Median Sales Price 1,750,000 1,690,000 2,100,000

-

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

2015 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 2013 2014 2015

Manhattan Bch Sand 1,847,500 2,275,000 2,990,000

Manhattan Bch Tree 1,885,000 1,827,500 1,900,000

Manhattan Bch Hill 3,500,000 1,930,000 2,525,000

Manhattan Village 850,000 1,555,000 1,787,500

Manhattan Bch Heights/Lib Vlg 1,350,000 1,442,500 1,460,000

Manhattan Bch Mira Costa 1,800,000 1,350,000 1,549,500

Market Median Sales Price 1,725,000 1,850,000 2,100,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

2013 2014 2015

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

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 Sand 14 19 28 23

Manhattan Bch Tree 16 14 20 20

Manhattan Bch Hill 2 3 5 6

Manhattan Village 6 5 4 3

Manhattan Bch Heights/Lib Vlg 4 5 6 8

Manhattan Bch Mira Costa 13 11 14 10

Total Active Listings 55 57 77 70

-

5

10

15

20

25

30

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

2015 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 Sand 14 19 28 23

Manhattan Bch Tree 16 14 20 20

Manhattan Bch Hill 2 3 5 6

Manhattan Village 6 5 4 3

Manhattan Bch Heights/Lib Vlg 4 5 6 8

Manhattan Bch Mira Costa 13 11 14 10

Total Active Listings 55 57 77 70

Total Sales 21 19 34 31

Sales/Listings Ratio 38.2% 33.3% 44.2% 44.3%

-

10

20

30

40

50

60

70

80


2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2013 2014 2015







Total Active Listings 75 95 70

0

10

20

30

40

50

60

70

80

90

100

2013 2014 2015

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

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 2.3 6.3 2.3 2.6

Manhattan Bch Tree 16.0 2.3 3.3 2.0

Manhattan Bch Hill 0.7 1.5 5.0 6.0

Manhattan Village 2.0 2.5 1.0 1.5

Manhattan Bch Heights/Lib Vlg 2.0 1.7 1.5 2.7

Manhattan Bch Mira Costa 2.2 3.7 2.0 1.7

-

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0


2015 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

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 2.8 1.9 1.5 1.1

2015 2.6 3.0 2.3 2.3

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5


Months of Inventory Year-to-Year

2013

2014

2015


Outlook for May

April was a relatively positive month for real estate activity in Manhattan Beach with 31 recorded sales, $410K

increase in the market median sales price, and a stable sales/listing ratio. Although the median days to sell

bumped up by a small percentage, I expect this momentum to reverse course as the summer season heats up.

In the news…

C.A.R. releases a report citing affordability to explain the “33 percent” year-over-year rise in purchases of “median-priced, existing single-family home[s] in California”.

See: http://www.car.org/newsstand/newsreleases/2015releases/1qtrhousingaff?view=Standard

Zillow asserts home valuations have increased “18.5%” in one year and anticipates an additional 5.3%

improvement in the year to come.

See: http://www.zillow.com/manhattan-beach-ca/home-values/

Your recap…


Month-to-Month Comparison Mar 2015 Apr 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 34 31 -3 -8.8%

Median Sales Price 1,690,000 2,100,000 410,000 24.3%


Listings 77 70 -7 -9.1%

Sales/Listing Ratio 44.2% 44.3% 0.001 0.2%



http://www.car.org/newsstand/newsreleases/2015releases/1qtrhousingaff?view=Standard

http://www.zillow.com/manhattan-beach-ca/home-values/

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Hady Chahine…


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April 2015 Manhattan Beach Real Estate Market Trends Update

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Transcript of April 2015 Manhattan Beach Real Estate Market Trends Update