November 2013 Manhattan Beach Real Estate Market Trends Update
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Manhattan Beach Residential Real Estate Market Conditions November 2013
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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
Manhattan Beach Residential Real Estate
Market Conditions November 2013
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
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%
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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
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25
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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
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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
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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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1.0
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3.0
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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
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%
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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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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