Manhattan Beach

Residential Real Estate
Market Conditions
January 2017
Key Statistics for January
Sales
2017 Residential Sales Stats
Year-to-Year Total Sales by Map Area

Median
2017 Median Sales Stats
Year-to-Year Median Sales by Map Area

Table of Listings
2017 Active Listings by Map Area
2017 Total Active Listings vs. Total Sales

Contents Year-to-Year Active Listings by Map Area

Inventory
2017 Months of Inventory by Map Area
Year-to-Year Months of Inventory

Summary
About Hady Chahine
Contact Information
Key Statistics for January
Month-to-Month Comparison Dec 2016 Jan 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 24 23 -1 -4.2%
Median Sales Price 1,787,500 2,475,000 687,500 38.5%
Median Days to Sell 21 31 10 47.6%
Listings 93 98 5 5.4%
Sales/Listing Ratio 25.8% 23.5% -0.023 -8.9%
Months of Inventory 4.0 4.0 0.0 0.0%
Monthly Comparison Year-to-Year Jan 2016 Jan 2017 Delta Delta Increase Decrease
Total Sales 15 23 8 53.3%
Median Sales Price 1,770,000 2,475,000 705,000 39.8%
Median Days to Sell 61 31 -30 -49.2%
Listings 89 98 9 10.1%
Months of Inventory 5.0 4.0 -1 -20.0%

= trending positive = trending positive
= trending negative = trending negative

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Total Sales Month-to-Month by Map Area Jan Feb Mar
Manhattan Bch Sand 7
Manhattan Bch Tree 8
Manhattan Bch Hill 1
Manhattan Village 2
Manhattan Bch Heights/Lib Vlg 5
Manhattan Bch Mira Costa -
Total Sales 23

2017 Total Sales Month-to-Month by Map Area

25

20

Manhattan Bch Sand
15 Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
10
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Sales
5

-
Jan Feb Mar

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Total Sales Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 6 1 7
Manhattan Bch Tree 1 7 8
Manhattan Bch Hill 3 - 1
Manhattan Village 3 1 2
Manhattan Bch Heights/Lib Vlg 2 2 5
Manhattan Bch Mira Costa 6 4 -
Total Sales 21 15 23

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

25

20

Manhattan Bch Sand
15
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
10
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Sales
5

-
2015 2016 2017

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Median Sales Price Month-to-Month by Map Area Jan Feb Mar
Manhattan Bch Sand 3,800,000
Manhattan Bch Tree 2,370,000
Manhattan Bch Hill 2,150,000
Manhattan Village 1,252,500
Manhattan Bch Heights/Lib Vlg 1,420,000
Manhattan Bch Mira Costa -
Market Median Sales Price 2,475,000

2017 Median Sales Price Month-to-Month by Map Area

4,000,000

3,500,000

3,000,000

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

500,000

-
Jan Feb Mar

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Median Sales Price Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 1,577,500 2,100,000 3,800,000
Manhattan Bch Tree 2,400,000 2,025,000 2,370,000
Manhattan Bch Hill 3,500,000 - 2,150,000
Manhattan Village 1,260,000 2,400,000 1,252,500
Manhattan Bch Heights/Lib Vlg 908,125 2,130,000 1,420,000
Manhattan Bch Mira Costa 1,667,500 1,352,500 -
Market Median Sales Price 1,635,000 1,770,000 2,475,000

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

4,000,000

3,500,000

3,000,000
Manhattan Bch Sand
2,500,000
Manhattan Bch Tree
2,000,000 Manhattan Bch Hill
Manhattan Village
1,500,000 Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
1,000,000 Market Median Sales Price

500,000

-
2015 2016 2017

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2017 Active Listings by Map Area

45

40

35

30

25
Manhattan Bch Sand
Manhattan Bch Tree 20
Manhattan Bch Hill
15
Manhattan Village
Manhattan Bch Heights/Lib Vlg 10
Manhattan Bch Mira Costa 5

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

Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 42
Manhattan Bch Tree 16
Manhattan Bch Hill 14
Manhattan Village 3
Manhattan Bch Heights/Lib Vlg 3
Manhattan Bch Mira Costa 20
Total Active Listings 98

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2017 Total Active Listings vs. Total Sales

100
90
80
70
60
50
40
30
Total Active Listings
20
Total Sales
10
-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 42
Manhattan Bch Tree 16
Manhattan Bch Hill 14
Manhattan Village 3
Manhattan Bch Heights/Lib Vlg 3
Manhattan Bch Mira Costa 20
Total Active Listings 98
Total Sales 23
Sales/Listings Ratio 23.5%

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Active Listings Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 17 33 42
Manhattan Bch Tree 15 17 16
Manhattan Bch Hill 3 7 14
Manhattan Village 4 4 3
Manhattan Bch Heights/Lib Vlg 4 4 3
Manhattan Bch Mira Costa 12 24 20
Total Active Listings 55 89 98

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

100

90

80

70 Manhattan Bch Sand
60 Manhattan Bch Tree
Manhattan Bch Hill
50
Manhattan Village
40 Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
30
Total Active Listings
20

10

-
2015 2016 2017

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2017 Months of Inventory by Map Area

14.0

12.0

10.0

8.0
Manhattan Bch Sand
Manhattan Bch Tree
6.0
Manhattan Bch Hill
Manhattan Village
4.0
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
2.0

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

Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 6.0
Manhattan Bch Tree 2.0
Manhattan Bch Hill 14.0
Manhattan Village 2.0
Manhattan Bch Heights/Lib Vlg 1.0
Manhattan Bch Mira Costa -

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Months of Inventory Year-to-Year

5.0

4.5

4.0

3.5

3.0

2.5

2.0

2015 1.5
2016
2017 1.0

0.5

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

Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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 4.0 4.0 3.0 4.0 5.0 3.0 3.0 3.0 3.0 4.0
2017 4.0

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Summary
January real estate investment in Manhattan Beach residential properties produced 23 closed escrows, a 38.5% bump in the
median sales price, and a 5.4% increase in net listings. Unfortunately median days to sell and sales-listing ratios both moved in
negative directions, with the former spiking 47.6% while the latter dropped 8.9%. Year-over-year months of inventory data point
fell from 5.0 in 2016 to 4.0 in 2017 (or 20%).

In January, C.A.R. reported “Despite strong headwinds of tight housing supplies and an affordability squeeze throughout
much of 2016, California’s housing market ended the year on a positive note, posting a moderate sales pace and home price
increases in December.” http://www.car.org/newsstand/newsreleases/2017releases/dec2016sales?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.
Month-to-Month Comparison Dec 2016 Jan 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 24 23 -1 -4.2%
Median Sales Price 1,787,500 2,475,000 687,500 38.5%
Median Days to Sell 21 31 10 47.6%
Listings 93 98 5 5.4%
Sales/Listing Ratio 25.8% 23.5% -0.023 -8.9%
Months of Inventory 4.0 4.0 0.0 0.0%
Monthly Comparison Year-to-Year Jan 2016 Jan 2017 Delta Delta Increase Decrease
Total Sales 15 23 8 53.3%
Median Sales Price 1,770,000 2,475,000 705,000 39.8%
Median Days to Sell 61 31 -30 -49.2%
Listings 89 98 9 10.1%
Months of Inventory 5.0 4.0 -1 -20.0%

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About
Hady Chahine…

 Serving South Bay Home Buyers and Sellers Since 2001
 RE/MAX Top 4 Team in California – 2012
 RE/MAX 100% Club - 2011
 Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010

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Hady Chahine
• hady@hadychahine.com
• 310-404-5361

Website Listings MLS BLOG

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.

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