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Manhattan Beach

Residential Real Estate


Market Conditions
April 2017
Key Statistics for April
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 April
Month-to-Month Comparison Mar 2017 Apr 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 32 48 16 50.0%
Median Sales Price 2,575,000 1,962,500 (612,500) -23.8%
Median Days to Sell 44 22 -22 -50.0%
Listings 123 128 5 4.1%
Sales/Listing Ratio 26.0% 37.5% 0.115 44.2%
Months of Inventory 4.0 3.0 -1.0 -25.0%
Monthly Comparison Year-to-Year Apr 2016 Apr 2017 Delta Delta Increase Decrease
Total Sales 31 48 17 54.8%
Median Sales Price 2,200,000 1,962,500 (237,500) -10.8%
Median Days to Sell 27 22 -5 -18.5%
Listings 125 128 3 2.4%
Months of Inventory 4.0 3.0 -1 -25.0%

= trending positive = trending positive


= trending negative = trending negative

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Total Sales Month-to-Month by Map Area Feb Mar Apr
Manhattan Bch Sand 2 10 9
Manhattan Bch Tree 7 10 13
Manhattan Bch Hill 1 3 3
Manhattan Village 1 1 6
Manhattan Bch Heights/Lib Vlg 2 2 5
Manhattan Bch Mira Costa 2 6 12
Total Sales 15 32 48

2017 Total Sales Month-to-Month by Map Area

50

45

40

35
Manhattan Bch Sand
30
Manhattan Bch Tree
25 Manhattan Bch Hill
Manhattan Village
20
Manhattan Bch Heights/Lib Vlg
15 Manhattan Bch Mira Costa
10 Total Sales

-
Feb Mar Apr

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Active Listings Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 22 44 60
Manhattan Bch Tree 19 32 27
Manhattan Bch Hill 5 14 14
Manhattan Village 2 6 1
Manhattan Bch Heights/Lib Vlg 8 9 7
Manhattan Bch Mira Costa 10 20 19
Total Active Listings 66 125 128

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

140

120

100
Manhattan Bch Sand
80 Manhattan Bch Tree
Manhattan Bch Hill
60 Manhattan Village
Manhattan Bch Heights/Lib Vlg
40 Manhattan Bch Mira Costa
Total Active Listings
20

-
2015 2016 2017

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Median Sales Price Month-to-Month by Map Area Feb Mar Apr
Manhattan Bch Sand 2,040,000 3,725,000 2,300,000
Manhattan Bch Tree 1,586,000 2,575,000 2,462,000
Manhattan Bch Hill 1,720,000 2,999,000 3,800,000
Manhattan Village 1,050,000 1,570,000 1,624,000
Manhattan Bch Heights/Lib Vlg 1,352,500 1,322,000 1,450,000
Manhattan Bch Mira Costa 1,382,500 2,414,375 2,005,000
Market Median Sales Price 1,530,000 2,575,000 1,962,500

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

4,000,000

3,500,000

3,000,000

2,500,000 Manhattan Bch Sand


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

-
Feb Mar Apr

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Median Sales Price Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 2,990,000 2,150,000 2,300,000
Manhattan Bch Tree 1,900,000 2,715,000 2,462,000
Manhattan Bch Hill 2,525,000 2,365,000 3,800,000
Manhattan Village 1,787,500 1,290,000 1,624,000
Manhattan Bch Heights/Lib Vlg 1,460,000 1,337,500 1,450,000
Manhattan Bch Mira Costa 1,549,500 2,037,500 2,005,000
Market Median Sales Price 2,100,000 2,200,000 1,962,500

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

4,000,000

3,500,000

3,000,000

2,500,000 Manhattan Bch Sand


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

60

50

40
Manhattan Bch Sand
Manhattan Bch Tree 30
Manhattan Bch Hill
Manhattan Village 20
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa 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 43 49 60
Manhattan Bch Tree 16 30 32 27
Manhattan Bch Hill 14 15 15 14
Manhattan Village 3 2 - 1
Manhattan Bch Heights/Lib Vlg 3 8 7 7
Manhattan Bch Mira Costa 20 13 20 19
Total Active Listings 98 111 123 128

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2017 Total Active Listings vs. Total Sales

140

120

100

80

Total Active Listings 60


Total Sales 40

20

-
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 43 49 60
Manhattan Bch Tree 16 30 32 27
Manhattan Bch Hill 14 15 15 14
Manhattan Village 3 2 - 1
Manhattan Bch Heights/Lib Vlg 3 8 7 7
Manhattan Bch Mira Costa 20 13 20 19
Total Active Listings 98 111 123 128
Total Sales 23 15 32 48
Sales/Listings Ratio 23.5% 13.5% 26.0% 37.5%

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Active Listings Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 22 44 60
Manhattan Bch Tree 19 32 27
Manhattan Bch Hill 5 14 14
Manhattan Village 2 6 1
Manhattan Bch Heights/Lib Vlg 8 9 7
Manhattan Bch Mira Costa 10 20 19
Total Active Listings 66 125 128

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

140

120

100
Manhattan Bch Sand
80 Manhattan Bch Tree
Manhattan Bch Hill
60 Manhattan Village
Manhattan Bch Heights/Lib Vlg
40 Manhattan Bch Mira Costa
Total Active Listings
20

-
2015 2016 2017

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2017 Months of Inventory by Map Area

25.0

20.0

15.0
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill 10.0
Manhattan Village
Manhattan Bch Heights/Lib Vlg
5.0
Manhattan Bch Mira Costa

-
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 22.0 5.0 7.0
Manhattan Bch Tree 2.0 4.0 3.0 2.0
Manhattan Bch Hill 14.0 15.0 5.0 5.0
Manhattan Village 2.0 2.0 - -
Manhattan Bch Heights/Lib Vlg 1.0 4.0 4.0 1.0
Manhattan Bch Mira Costa - 7.0 3.0 2.0

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Months of Inventory Year-to-Year

7.0

6.0

5.0

4.0

3.0

2015 2.0
2016
2017 1.0

-
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 7.0 4.0 3.0

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Summary
In April, Manhattan Beach real estate investment produced 48 closed escrows, a 50% decline in the median days to sell, a 4.1% increase in
net listings, and a 44.2% bump in the sales-listing ratio. For the month the median sales price fell 23.8% or by $612.5K. Year-over-year
months of inventory data point dropped 25% from April 2016 to April 2017.

In March, C.A.R. reported Marchs solid sales performance was likely influenced by the specter of higher interest rates, which may
have pushed buyers off the sidelines and close escrow before rates moved higher.
http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/march2017sales?view=Standard

For listing or buying questions or representation, or further information on market trending behavior, please feel free to contact me
anytime. I look forward to hearing from you!

Month-to-Month Comparison Mar 2017 Apr 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 32 48 16 50.0%
Median Sales Price 2,575,000 1,962,500 (612,500) -23.8%
Median Days to Sell 44 22 -22 -50.0%
Listings 123 128 5 4.1%
Sales/Listing Ratio 26.0% 37.5% 0.115 44.2%
Months of Inventory 4.0 3.0 -1.0 -25.0%
Monthly Comparison Year-to-Year Apr 2016 Apr 2017 Delta Delta Increase Decrease
Total Sales 31 48 17 54.8%
Median Sales Price 2,200,000 1,962,500 (237,500) -10.8%
Median Days to Sell 27 22 -5 -18.5%
Listings 125 128 3 2.4%
Months of Inventory 4.0 3.0 -1 -25.0%

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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 visitors 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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