November 2013 Manhattan Beach Real Estate Market Trends Update

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Manhattan Beach Residential Real Estate Market Conditions November 2013

description

Manhattan Beach real estate statistics and analysis for November 2013. Includes homes sales, listings and historical performance on a month to month and year over year basis.

Transcript of November 2013 Manhattan Beach Real Estate Market Trends Update

Page 1: November 2013 Manhattan Beach Real Estate Market Trends Update

Manhattan Beach Residential Real Estate

Market Conditions November 2013

Page 2: November 2013 Manhattan Beach Real Estate Market Trends Update

Table of

Contents

Key Statistics for November

Sales 2013 Residential Sales Stats: Sep - Nov Year-to-Year Total Sales by Map Area: Nov Median 2013 Median Sales Stats: Sep - Nov Year-to-Year Median Sales by Map Area: Nov Listings 2013 Active Listings by Map Area 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Nov Inventory 2013 Months of Inventory by Map Area Year-to-Year Months of Inventory

Outlook for November

About the Mother & Son South Bay Real Estate Team Contact Information

Page 3: November 2013 Manhattan Beach Real Estate Market Trends Update

Key Statistics for November

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= trending positive = trending positive

= trending negative = trending negative

Monthly Comparison Year-to-Year Nov 2012 Nov 2013 Delta Delta Increase Decrease

Total Sales 46 29 -17 -37.0%

Median Sales Price 1,249,000 1,995,000 746,000 59.7%

Median Days to Sell 31 52 21 67.7%

Listings 95 43 -52 -54.7%

Inventory Turnover 2.1 1.5 -0.6 -28.6%

Month-to-Month Comparison Oct 2013 Nov 2013 Delta (qty) Delta (%) Increase Decrease

Total Sales 29 29 0 0.0%

Median Sales Price 1,520,000 1,995,000 475,000 31.3%

Median Days to Sell 38 52 14 36.8%

Listings 57 43 -14 -24.6%

Sales/Listing Ratio 50.9 67.4 16.5 32.4%

Inventory Turnover 2.0 1.5 -0.5 -25.0%

Page 4: November 2013 Manhattan Beach Real Estate Market Trends Update

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Sep Oct Nov

2013 Residential Sales Statistics: Sep - Nov

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

2013 Residential Sales by Map Area Sep Oct Nov YTD

Manhattan Bch Sand 5 5 9 19

Manhattan Bch Tree 10 11 9 30

Manhattan Bch Hill 6 3 3 12

Manhattan Village 2 2 2 6

Manhattan Bch Heights/Lib Vlg 3 5 1 9

Manhattan Bch Mira Costa 6 3 5 14

Total Sales 32 29 29 90

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2011 2012 2013

Total Sales by Map Area: Year-to-Year for November

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

Sales by Map Area: Year-to-Year for November 2011 2012 2013

Manhattan Bch Sand 5 14 9

Manhattan Bch Tree 8 12 9

Manhattan Bch Hill 2 3 3

Manhattan Village 1 3 2

Manhattan Bch Heights/Lib Vlg 3 7 1

Manhattan Bch Mira Costa 6 7 5

Total Sales 25 46 29

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500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

Sep Oct Nov

2013 Median Sale Price Statistics: Sep - Nov

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

Market Median Sale Price

2013 Median Sale Price by Map Area Sep Oct Nov

Manhattan Bch Sand 2,100,000 1,760,000 2,200,000

Manhattan Bch Tree 1,739,500 1,520,000 2,049,000

Manhattan Bch Hill 1,639,125 1,750,000 2,550,000

Manhattan Village 1,292,500 1,017,500 1,327,500

Manhattan Bch Heights/Lib Vlg 1,049,000 1,335,000 900,000

Manhattan Bch Mira Costa 1,724,950 1,960,000 1,340,000

Market Median Sale Price 1,707,500 1,520,000 1,995,000

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500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

2011 2012 2013

Median Sale Price by Map Area: Year-to-Year for November

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

Market Median Sale Price

Median Sale Price by Map Area: Year-to-Year for November 2011 2012 2013

Manhattan Bch Sand 1,399,000 1,514,500 2,200,000

Manhattan Bch Tree 1,395,000 1,232,500 2,049,000

Manhattan Bch Hill 3,834,500 1,050,000 2,550,000

Manhattan Village 770,000 1,175,000 1,327,500

Manhattan Bch Heights/Lib Vlg 640,000 900,000 900,000

Manhattan Bch Mira Costa 891,500 1,249,000 1,340,000

Market Median Sale Price 1,000,000 1,249,000 1,995,000

Page 8: November 2013 Manhattan Beach Real Estate Market Trends Update

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

2013 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

2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Manhattan Bch Sand 28 30 35 29 29 28 25 22 26 17 13

Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 12 11

Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 7 5

Manhattan Village 3 4 3 - 2 3 5 5 1 1 2

Manhattan Bch Heights/Lib Vlg 3 10 9 4 8 7 7 8 6 9 4

Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11 11 8

Total Active Listings 63 74 85 75 92 104 93 80 69 57 43

Page 9: November 2013 Manhattan Beach Real Estate Market Trends Update

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

2013 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales

2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Manhattan Bch Sand 28 30 35 29 29 28 25 22 26 17 13

Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 12 11

Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 7 5

Manhattan Village 3 4 3 - 2 3 5 5 1 1 2

Manhattan Bch Heights/Lib Vlg 3 10 9 4 8 7 7 8 6 9 4

Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11 11 8

Total Active Listings 63 74 85 75 92 104 93 80 69 57 43

Total Sales 22 22 42 45 50 42 45 40 32 29 29

Sales/Listings Ratio 34.9% 29.7% 49.4% 60.0% 54.3% 40.4% 48.4% 50.0% 46.4% 50.9% 67.4%

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2011 2012 2013

Active Listings by Map Area: Year-to-Year for November

Manhattan Bch Sand

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

Active Listings by Map Area: Year-to-Year for November 2011 2012 2013

Manhattan Bch Sand 51 32 13

Manhattan Bch Tree 26 17 11

Manhattan Bch Hill 11 8 5

Manhattan Village 4 7 2

Manhattan Bch Heights/Lib Vlg 9 8 4

Manhattan Bch Mira Costa 15 23 8

Total Active Listings 116 95 43

Page 11: November 2013 Manhattan Beach Real Estate Market Trends Update

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2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

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

2013 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

2013 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Manhattan Bch Sand 2.0 4.3 2.3 1.6 1.8 3.1 1.7 3.1 5.2 3.4 1.4

Manhattan Bch Tree 2.0 3.7 3.1 1.3 1.2 2.3 2.0 0.9 1.4 1.1 1.2

Manhattan Bch Hill 2.0 1.3 1.2 6.0 4.0 5.7 4.7 3.0 1.8 2.3 1.7

Manhattan Village - 1.3 3.0 - 0.7 1.5 5.0 5.0 0.5 0.5 1.0

Manhattan Bch Heights/Lib Vlg 3.0 3.3 2.3 0.8 2.0 0.9 1.8 2.0 2.0 1.8 4.0

Manhattan Bch Mira Costa 17.0 5.0 0.8 3.8 3.3 2.6 1.8 2.1 1.8 3.7 1.6

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

Months of Inventory: Year-to-Year

2011

2012

2013

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

2011 5.7 9.3 3.6 4.5 4.6 3.3 3.3 3.8 4.5 5.7 4.6 3.8

2012 6.8 6.1 2.4 2.6 2.8 2.9 3.0 2.4 4.1 3.2 2.1 1.9

2013 2.9 3.4 2.0 1.7 1.8 2.5 2.1 2.0 2.2 2.0 1.5

Page 13: November 2013 Manhattan Beach Real Estate Market Trends Update

Outlook for December

Compared to October 2013 data, total residential properties sold during November remained the same at

29. Trending slightly negative is the increase in median days to sell and a decline in total number of new

listings. Trending positive, however, is the 31.3% increase in median sales price, 32.4% improvement of

the sales/listing ratio, and the 25% decline in the amount of time it takes to turn over inventory.

Projections for December, noting seller and buyer activity normally declines during the holiday season, it

is expected that the Manhattan Beach residential real estate market will continue this trending behavior.

With this in mind, the recap is…

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Month-to-Month Comparison Oct 2013 Nov 2013 Delta (qty) Delta (%) Increase Decrease

Total Sales 29 29 0 0.0%

Median Sales Price 1,520,000 1,995,000 475,000 31.3%

Median Days to Sell 38 52 14 36.8%

Listings 57 43 -14 -24.6%

Sales/Listing Ratio 50.9 67.4 16.5 32.4%

Inventory Turnover 2.0 1.5 -0.5 -25.0%

Page 14: November 2013 Manhattan Beach Real Estate Market Trends Update

About the Mother & Son

South Bay Real Estate Team…

Serving South Bay Home Buyers and Sellers Since 1989

RE/MAX Top 4 Team in California – 2012

RE/MAX 100% Club - 2011

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

Shorewood Realtors Top Producing Agent (Hassana 1989-2001)

ABR, RS, GRI, BPOR, SBAOR, CAR, NAR, IRES

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Page 15: November 2013 Manhattan Beach Real Estate Market Trends Update

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.

Website: http://HHCRealEstate.com

Listings: http://HHCRealEstate.com/featured-south-bay-homes

MLS: http://HHCRealEstate.com/south-bay-mls-real-estate-listings

Blog: http://HHCRealEstate.com/real-estate-news/

Hady Chahine [email protected]

310-404-5361

Hassana Chahine [email protected]

310-756-8949

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