Manhattan Beach

Residential Real Estate

Market Conditions
June 2017
 Key Statistics for June
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 June
Month-to-Month Comparison May 2017 June 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 46 57 11 23.9%
Median Sales Price 2,174,746 2,675,000 500,254 23.0%
Median Days to Sell 18 9 -9 -50.0%
Listings 114 124 10 8.8%
Sales/Listing Ratio 40.4% 46.0% 0.056 13.9%
Months of Inventory 2.0 2.0 0.0 0.0%
Monthly Comparison Year-to-Year June 2016 June 2017 Delta Delta Increase Decrease
Total Sales 39 57 18 46.2%
Median Sales Price 1,924,000 2,675,000 751,000 39.0%
Median Days to Sell 41 9 -32 -78.0%
Listings 148 124 -24 -16.2%
Months of Inventory 4.0 2.0 -2 -50.0%

= trending positive = trending positive

= trending negative = trending negative

Back to Table of Contents

 Total Sales Month-to-Month by Map Area Apr May Jun
Manhattan Bch Sand 9 7 11
Manhattan Bch Tree 13 16 21
Manhattan Bch Hill 3 6 6
Manhattan Village 6 - 1
Manhattan Bch Heights/Lib Vlg 5 5 6
Manhattan Bch Mira Costa 12 12 12
Total Sales 48 46 57

2017 Total Sales Month-to-Month by Map Area

60

50

40 Manhattan Bch Sand

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

-
Apr May Jun

Back to Table of Contents

 Total Sales Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 7 6 11
Manhattan Bch Tree 10 13 21
Manhattan Bch Hill 4 3 6
Manhattan Village 2 1 1
Manhattan Bch Heights/Lib Vlg 2 8 6
Manhattan Bch Mira Costa 10 8 12
Total Sales 35 39 57

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

60

50

40 Manhattan Bch Sand

Manhattan Bch Tree
Manhattan Bch Hill
30 Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
20
Total Sales

10

-
2015 2016 2017

Back to Table of Contents

 Median Sales Price Month-to-Month by Map Area Apr May Jun
Manhattan Bch Sand 2,300,000 3,500,000 4,000,000
Manhattan Bch Tree 2,462,000 2,192,500 2,600,000
Manhattan Bch Hill 3,800,000 2,362,500 3,500,000
Manhattan Village 1,624,000 - 1,150,000
Manhattan Bch Heights/Lib Vlg 1,450,000 1,554,000 1,475,000
Manhattan Bch Mira Costa 2,005,000 1,974,500 2,347,500
Market Median Sales Price 1,962,500 2,174,746 2,675,000

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

500,000

-
Apr May Jun

Back to Table of Contents

 Median Sales Price Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 3,075,000 2,122,500 4,000,000
Manhattan Bch Tree 2,195,000 1,805,000 2,600,000
Manhattan Bch Hill 2,875,000 2,400,000 3,500,000
Manhattan Village 1,412,000 985,000 1,150,000
Manhattan Bch Heights/Lib Vlg 1,477,500 1,660,000 1,475,000
Manhattan Bch Mira Costa 2,500,000 2,110,000 2,347,500
Market Median Sales Price 2,400,000 1,924,000 2,675,000

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

4,000,000

3,500,000

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

500,000

-
2015 2016 2017

Back to Table of Contents

 2017 Active Listings by Map Area

60

50

40

Manhattan Bch Sand 30

Manhattan Bch Tree
Manhattan Bch Hill 20
Manhattan Village
Manhattan Bch Heights/Lib Vlg 10
Manhattan Bch Mira Costa
-
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 55 59
Manhattan Bch Tree 16 30 32 27 23 17
Manhattan Bch Hill 14 15 15 14 16 17
Manhattan Village 3 2 - 1 2 5
Manhattan Bch Heights/Lib Vlg 3 8 7 7 6 7
Manhattan Bch Mira Costa 20 13 20 19 12 19
Total Active Listings 98 111 123 128 114 124

Back to Table of Contents

 2017 Total Active Listings vs. Total Sales

140

120

100

80

60

40
Total Active Listings
Total Sales 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 55 59
Manhattan Bch Tree 16 30 32 27 23 17
Manhattan Bch Hill 14 15 15 14 16 17
Manhattan Village 3 2 - 1 2 5
Manhattan Bch Heights/Lib Vlg 3 8 7 7 6 7
Manhattan Bch Mira Costa 20 13 20 19 12 19
Total Active Listings 98 111 123 128 114 124
Total Sales 23 15 32 48 46 57
Sales/Listings Ratio 23.5% 13.5% 26.0% 37.5% 40.4% 46.0%

Back to Table of Contents

 Active Listings Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 26 55 59
Manhattan Bch Tree 20 35 17
Manhattan Bch Hill 10 15 17
Manhattan Village 2 5 5
Manhattan Bch Heights/Lib Vlg 8 12 7
Manhattan Bch Mira Costa 19 26 19
Total Active Listings 85 148 124

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

160

140

120
Manhattan Bch Sand
100 Manhattan Bch Tree
Manhattan Bch Hill
80 Manhattan Village
Manhattan Bch Heights/Lib Vlg
60 Manhattan Bch Mira Costa
Total Active Listings
40

20

-
2015 2016 2017

Back to Table of Contents

 2017 Months of Inventory by Map Area

25.0

20.0

15.0

Manhattan Bch Sand

Manhattan Bch Tree 10.0
Manhattan Bch Hill
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 8.0 5.0
Manhattan Bch Tree 2.0 4.0 3.0 2.0 1.0 1.0
Manhattan Bch Hill 14.0 15.0 5.0 5.0 3.0 3.0
Manhattan Village 2.0 2.0 - - - 5.0
Manhattan Bch Heights/Lib Vlg 1.0 4.0 4.0 1.0 1.0 1.0
Manhattan Bch Mira Costa - 7.0 3.0 2.0 1.0 2.0

Back to Table of Contents

 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 2.0 2.0

Back to Table of Contents

 Summary
Investment in Manhattan Beach residential real estate significantly improved in June as total sales jumped 23.9%, median days
to sell increased 23%, net listings improved 8.8%, the sales-listing ratio climbed 13.9%, and the median days to sell metric
dropped by 50%. Year-over-year months of inventory data point fell 50% from June 2016 to June 2017.

In May, C.A.R. reported Californias housing market rebounded in May as existing home sales and median home price
recorded strong gains on both a monthly and annual basis, a trend in every major region of the state.
http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/may2017sales?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 May 2017 June 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 46 57 11 23.9%
Median Sales Price 2,174,746 2,675,000 500,254 23.0%
Median Days to Sell 18 9 -9 -50.0%
Listings 114 124 10 8.8%
Sales/Listing Ratio 40.4% 46.0% 0.056 13.9%
Months of Inventory 2.0 2.0 0.0 0.0%
Monthly Comparison Year-to-Year June 2016 June 2017 Delta Delta Increase Decrease
Total Sales 39 57 18 46.2%
Median Sales Price 1,924,000 2,675,000 751,000 39.0%
Median Days to Sell 41 9 -32 -78.0%
Listings 148 124 -24 -16.2%
Months of Inventory 4.0 2.0 -2 -50.0%

Back to Table of Contents

 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

Back to Table of Contents

 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.

Back to Table of Contents