Manhattan Beach

Residential Real Estate

Market Conditions
July 2017
 Key Statistics for July
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 July
Month-to-Month Comparison June 2017 July 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 57 41 -16 -28.1%
Median Sales Price 2,675,000 2,425,000 (250,000) -9.3%
Median Days to Sell 9 13 4 44.4%
Listings 124 116 -8 -6.5%
Sales/Listing Ratio 46.0% 35.3% -0.107 -23.3%
Months of Inventory 2.0 3.0 1.0 50.0%
Monthly Comparison Year-to-Year July 2016 July 2017 Delta Delta Increase Decrease
Total Sales 31 41 10 32.3%
Median Sales Price 2,255,000 2,425,000 170,000 7.5%
Median Days to Sell 39 13 -26 -66.7%
Listings 135 116 -19 -14.1%
Months of Inventory 5.0 3.0 -2 -40.0%

= trending positive = trending positive

= trending negative = trending negative

Back to Table of Contents

 Total Sales Month-to-Month by Map Area May Jun Jul
Manhattan Bch Sand 7 11 15
Manhattan Bch Tree 16 21 10
Manhattan Bch Hill 6 6 2
Manhattan Village - 1 2
Manhattan Bch Heights/Lib Vlg 5 6 6
Manhattan Bch Mira Costa 12 12 6
Total Sales 46 57 41

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

-
May Jun Jul

Back to Table of Contents

 Total Sales Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 4 8 15
Manhattan Bch Tree 9 8 10
Manhattan Bch Hill 1 2 2
Manhattan Village 2 2 2
Manhattan Bch Heights/Lib Vlg 7 3 6
Manhattan Bch Mira Costa 9 8 6
Total Sales 32 31 41

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

45

40

35

30 Manhattan Bch Sand

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

-
2015 2016 2017

Back to Table of Contents

 Median Sales Price Month-to-Month by Map Area May Jun Jul
Manhattan Bch Sand 3,500,000 4,000,000 3,075,000
Manhattan Bch Tree 2,192,500 2,600,000 2,817,500
Manhattan Bch Hill 2,362,500 3,500,000 3,597,500
Manhattan Village - 1,150,000 1,267,500
Manhattan Bch Heights/Lib Vlg 1,554,000 1,475,000 2,142,500
Manhattan Bch Mira Costa 1,974,500 2,347,500 1,690,000
Market Median Sales Price 2,174,746 2,675,000 2,425,000

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

-
May Jun Jul

Back to Table of Contents

 Median Sales Price Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 7,156,250 2,650,000 3,075,000
Manhattan Bch Tree 2,075,000 3,000,000 2,817,500
Manhattan Bch Hill 9,400,000 6,050,000 3,597,500
Manhattan Village 1,386,500 1,355,000 1,267,500
Manhattan Bch Heights/Lib Vlg 1,400,000 1,340,000 2,142,500
Manhattan Bch Mira Costa 1,229,000 2,004,500 1,690,000
Market Median Sales Price 1,655,000 2,255,000 2,425,000

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

10,000,000

9,000,000

8,000,000

7,000,000 Manhattan Bch Sand

6,000,000 Manhattan Bch Tree

Manhattan Bch Hill
5,000,000
Manhattan Village
4,000,000
Manhattan Bch Heights/Lib Vlg
3,000,000 Manhattan Bch Mira Costa
2,000,000 Market Median Sales Price

1,000,000

-
2015 2016 2017

Back to Table of Contents

 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
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 57
Manhattan Bch Tree 16 30 32 27 23 17 23
Manhattan Bch Hill 14 15 15 14 16 17 11
Manhattan Village 3 2 - 1 2 5 5
Manhattan Bch Heights/Lib Vlg 3 8 7 7 6 7 4
Manhattan Bch Mira Costa 20 13 20 19 12 19 16
Total Active Listings 98 111 123 128 114 124 116

Back to Table of Contents

 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 55 59 57
Manhattan Bch Tree 16 30 32 27 23 17 23
Manhattan Bch Hill 14 15 15 14 16 17 11
Manhattan Village 3 2 - 1 2 5 5
Manhattan Bch Heights/Lib Vlg 3 8 7 7 6 7 4
Manhattan Bch Mira Costa 20 13 20 19 12 19 16
Total Active Listings 98 111 123 128 114 124 116
Total Sales 23 15 32 48 46 57 41
Sales/Listings Ratio 23.5% 13.5% 26.0% 37.5% 40.4% 46.0% 35.3%

Back to Table of Contents

 Active Listings Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 35 44 57
Manhattan Bch Tree 19 32 23
Manhattan Bch Hill 12 13 11
Manhattan Village 1 3 5
Manhattan Bch Heights/Lib Vlg 9 12 4
Manhattan Bch Mira Costa 21 31 16
Total Active Listings 97 135 116

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

140

120

100 Manhattan Bch Sand

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

-
2015 2016 2017

Back to Table of Contents

 2017 Months of Inventory by Map Area

25.0

20.0

Manhattan Bch Sand 15.0

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 8.0 5.0 4.0
Manhattan Bch Tree 2.0 4.0 3.0 2.0 1.0 1.0 2.0
Manhattan Bch Hill 14.0 15.0 5.0 5.0 3.0 3.0 6.0
Manhattan Village 2.0 2.0 - - - 5.0 3.0
Manhattan Bch Heights/Lib Vlg 1.0 4.0 4.0 1.0 1.0 1.0 1.0
Manhattan Bch Mira Costa - 7.0 3.0 2.0 1.0 2.0 3.0

Back to Table of Contents

 Months of Inventory Year-to-Year

7.0

6.0

5.0

4.0

3.0
2015
2016 2.0
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 3.0

Back to Table of Contents

 Summary
According to the MLS, Manhattan Beach real estate activity cooled off in July as total sales decreased 28.1%, the median sales
price fell 9.3% or $250K, median days to sell increased 44.4%, net listings dropped 6.5%, and the sales-listing ratio metric
declined 23.3%. Year-over-year months of inventory metric dropped 40% from 2016 to 2017.

In June, C.A.R. reported With active listings 13.5 percent lower than last June, weve now experienced a full two years in
which active listings have fallen on a year-over-year basis and the lowest inventory level this year. Would-be sellers arent
listing their homes as many of them would also face an inventory challenge if they were to turn around and buy another
property. http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/june2017sales

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 June 2017 July 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 57 41 -16 -28.1%
Median Sales Price 2,675,000 2,425,000 (250,000) -9.3%
Median Days to Sell 9 13 4 44.4%
Listings 124 116 -8 -6.5%
Sales/Listing Ratio 46.0% 35.3% -0.107 -23.3%
Months of Inventory 2.0 3.0 1.0 50.0%
Monthly Comparison Year-to-Year July 2016 July 2017 Delta Delta Increase Decrease
Total Sales 31 41 10 32.3%
Median Sales Price 2,255,000 2,425,000 170,000 7.5%
Median Days to Sell 39 13 -26 -66.7%
Listings 135 116 -19 -14.1%
Months of Inventory 5.0 3.0 -2 -40.0%

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