Manhattan Beach

Residential Real Estate Market Conditions

February 2014

Key Statistics for February Sales 2014 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2014 Median Sales Stats Year-to-Year Median Sales by Map Area

Table of Contents

Listings 2014 Active Listings by Map Area 2014 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area
Inventory 2014 Months of Inventory by Map Area Year-to-Year Months of Inventory Outlook for March About the Mother & Son South Bay Real Estate Team Contact Information

Key Statistics for February

Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Months of Inventory Jan 2014 15 2,152,000 34 45 33.3% 3.0 Feb 2014 22 1,952,500 24 49 44.9% 2.2 Delta (qty) 7 (199,500) -10 4 0.116 -0.8 Delta (%) 46.7% -9.3% -29.4% 8.9% 34.8% -26.7% Increase Decrease

Monthly Comparison Year-to-Year Total Sales Median Sales Price Median Days to Sell Listings Months of Inventory

Feb 2013 22 1,162,000 41 74 3.4

Feb 2014 22 1,952,500 24 49 2.2

Delta 0 790,500 -17 -25 -1.2

Delta 0.0% 68.0% -41.5% -33.8% -35.3%

Increase

Decrease

= trending positive = trending negative

= trending positive = trending negative

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2014 Residential Sales 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

Jan 4 3 1 2 2 3 15

Feb 11 4 2 0 2 3 22

2014 Residential Sales Statistics: February

12

10

Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

0 Jan Feb

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Sales by Map Area: Year-to-Year for February Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Sales

2012 8 7 1 1 1 1 19

2013 7 3 3 3 3 3 22

2014 11 4 2 0 2 3 22

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

12

10

Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa

2012

2013

2014

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2014 Median Sales Price by Map Area Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Market Median Sales Price

Jan 3,075,000 2,135,000 2,300,000 918,750 1,820,000 1,900,000 2,152,000

Feb 2,005,000 2,181,000 2,157,500 1,257,500 1,640,000 1,952,500

2014 Median Sales Price Statistics: February

3,500,000
3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 Jan Feb Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

Market Median Sales Price

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Median Sales Price by Map Area: Year-to-Year for February Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Market Median Sales Price

2012 1,637,500 1,750,000 1,100,000 725,000 950,000 1,710,000 1,625,000

2013 1,925,000 2,010,000 939,094 790,000 910,000 605,000 1,162,000

2014 2,005,000 2,181,000 2,157,500 1,257,500 1,640,000 1,952,500

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

2,500,000

2,000,000 Manhattan Bch Sand 1,500,000 Manhattan Bch Tree Manhattan Bch Hill Manhattan Village 1,000,000 Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Market Median Sales Price 500,000

2012 2013 2014

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2014 Active Listings by Map Area

16 14 12 10 Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa 8 6 4 2 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2014 Active Listings/Total Sales by Map Area Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Active Listings
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Jan 15 10 5 7 8 45

Feb 15 10 6 2 9 7 49

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2014 Total Active Listings vs. Total Sales

50 45 40

35
30 25 Total Active Listings Total Sales 20 15 10 5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2014 Active Listings/Total Sales by Map Area Jan Feb Mar Manhattan Bch Sand 15 15 Manhattan Bch Tree 10 10 Manhattan Bch Hill 5 6 Manhattan Village 2 Manhattan Bch Heights/Lib Vlg 7 9 Manhattan Bch Mira Costa 8 7 Total Active Listings 45 49 Total Sales 15 22 Sales/Listings Ratio 33.3% 44.9%
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Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Active Listings by Map Area: Year-to-Year for February Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Active Listings

2012 49 21 12 4 8 21 115

2013 30 11 4 4 10 15 74

2014 15 10 6 2 9 7 49

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

50 45 40 35 30 25 20 15 10 5 0 2012 2013 2014 Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa

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2014 Months of Inventory by Map Area

5.0 4.5 4.0 3.5 3.0 Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa 2.5 2.0 1.5 1.0 0.5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2014 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
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Jan 3.8 3.3 5.0 3.5 2.7

Feb 1.4 2.5 3.0 4.5 2.3

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Months of Inventory: Year-to-Year

7.0 6.0 5.0 4.0 2012 2013 2014

3.0
2.0 1.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Months of Inventory: Year-to-Year 2012 2013 2014

Jan 6.8 2.9 3.0

Feb 6.1 3.4 2.2

Mar 2.4 2.0

Apr 2.6 1.7

May 2.8 1.8

Jun 2.9 2.5

Jul 3.0 2.1

Aug 2.4 2.0

Sep 4.1 2.2

Oct 3.2 2.0

Nov 2.1 1.5

Dec 1.9 0.8

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Outlook for March

Manhattan Beach real estate activity picked up in February with positive trending stats logged for total sales, medial days to sell, listings, sales/listing ratio, and months of inventory. Although the median sales price dropped about 9% based on a month-to-month comparison, the year-over-year statistic for February shows a 63% improvement or $790,500K.

With this in mind, expectations are high for March. The only possible drawback to better-than-average performance figures is what influence, if any, the tax season will have on buyers behavior. Though, the flip side to this coin is receiving a tax return and using the money to increase purchasing power. The sound of this latter scenario I like!
Your recap
Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Months of Inventory Jan 2014 15 2,152,000 34 45 33.3% 3.0 Feb 2014 22 1,952,500 24 49 44.9% 2.2 Delta (qty) 7 (199,500) -10 4 0.116 -0.8 Delta (%) 46.7% -9.3% -29.4% 8.9% 34.8% -26.7% Increase Decrease

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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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Hassana Chahine
hassana@hhcrealestate.com 310-756-8949

Hady Chahine
hady@hhcrealestate.com 310-404-5361

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