Manhattan Beach

Residential Real Estate

Market Conditions
August 2017
 Key Statistics for August
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 August
Month-to-Month Comparison July 2017 Aug 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 41 32 -9 -22.0%
Median Sales Price 2,425,000 2,247,500 (177,500) -7.3%
Median Days to Sell 13 29 16 123.1%
Listings 116 119 3 2.6%
Sales/Listing Ratio 35.3% 26.9% -0.084 -23.8%
Months of Inventory 3.0 4.0 1.0 33.3%
Monthly Comparison Year-to-Year Aug 2016 Aug 2017 Delta Delta Increase Decrease
Total Sales 39 32 -7 -17.9%
Median Sales Price 1,830,000 2,247,500 417,500 22.8%
Median Days to Sell 56 29 -27 -48.2%
Listings 131 119 -12 -9.2%
Months of Inventory 3.0 4.0 1 33.3%

= trending positive = trending positive

= trending negative = trending negative

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 Total Sales Month-to-Month by Map Area Jun Jul Aug
Manhattan Bch Sand 11 15 8
Manhattan Bch Tree 21 10 7
Manhattan Bch Hill 6 2 3
Manhattan Village 1 2 2
Manhattan Bch Heights/Lib Vlg 6 6 4
Manhattan Bch Mira Costa 12 6 8
Total Sales 57 41 32

2017 Total Sales Month-to-Month by Map Area

60

50

40 Manhattan Bch Sand

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

-
Jun Jul Aug

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 Total Sales Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 9 13 8
Manhattan Bch Tree 5 9 7
Manhattan Bch Hill 3 4 3
Manhattan Village 2 - 2
Manhattan Bch Heights/Lib Vlg 4 3 4
Manhattan Bch Mira Costa 7 10 8
Total Sales 30 39 32

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

40

35

30

Manhattan Bch Sand

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

-
2015 2016 2017

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 Median Sales Price Month-to-Month by Map Area Jun Jul Aug
Manhattan Bch Sand 4,000,000 3,075,000 2,405,000
Manhattan Bch Tree 2,600,000 2,817,500 2,850,000
Manhattan Bch Hill 3,500,000 3,597,500 1,695,000
Manhattan Village 1,150,000 1,267,500 1,272,500
Manhattan Bch Heights/Lib Vlg 1,475,000 2,142,500 1,642,500
Manhattan Bch Mira Costa 2,347,500 1,690,000 2,507,500
Market Median Sales Price 2,675,000 2,425,000 2,247,500

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

-
Jun Jul Aug

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 Median Sales Price Year-to-Year by Map Area 2015 2016 2017
Manhattan Bch Sand 3,850,000 2,309,000 2,405,000
Manhattan Bch Tree 2,525,000 1,769,825 2,850,000
Manhattan Bch Hill 1,922,500 1,762,500 1,695,000
Manhattan Village 1,334,500 - 1,272,500
Manhattan Bch Heights/Lib Vlg 1,200,000 2,475,000 1,642,500
Manhattan Bch Mira Costa 1,575,000 1,562,500 2,507,500
Market Median Sales Price 1,949,500 1,830,000 2,247,500

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

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
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

70

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 55 59 57 62
Manhattan Bch Tree 16 30 32 27 23 17 23 21
Manhattan Bch Hill 14 15 15 14 16 17 11 8
Manhattan Village 3 2 - 1 2 5 5 5
Manhattan Bch Heights/Lib Vlg 3 8 7 7 6 7 4 7
Manhattan Bch Mira Costa 20 13 20 19 12 19 16 16
Total Active Listings 98 111 123 128 114 124 116 119

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 2017 Total Active Listings vs. Total Sales

140

120

100

80

60
Total Active Listings
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 62
Manhattan Bch Tree 16 30 32 27 23 17 23 21
Manhattan Bch Hill 14 15 15 14 16 17 11 8
Manhattan Village 3 2 - 1 2 5 5 5
Manhattan Bch Heights/Lib Vlg 3 8 7 7 6 7 4 7
Manhattan Bch Mira Costa 20 13 20 19 12 19 16 16
Total Active Listings 98 111 123 128 114 124 116 119
Total Sales 23 15 32 48 46 57 41 32
Sales/Listings Ratio 23.5% 13.5% 26.0% 37.5% 40.4% 46.0% 35.3% 26.9%

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

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

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 Summary
August was a tough month for real estate investment in Manhattan Beach as total sales dropped 22%, the median sales price fell 7.3% or by
$177.5K, the median days to sell metric increased 123.1%, and the sales-listing ratio decreased 23.8%. Year-over-year months of inventory
metric climbed 33.3% from August 2016 to 2017.

In July, C.A.R. reported As we enter the second half of the year, we are likely to see some slowdown in sales that extends beyond the
typical seasonality change, said C.A.R. President Geoff McIntosh. While the rate of closed sales indicates that Californias housing market
has continued to move forward, tight supply continued to push up prices and lower affordability, which can ultimately undermine the
housing market by putting homeownership out of reach for too many households."
http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/july2017sales/

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 July 2017 Aug 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 41 32 -9 -22.0%
Median Sales Price 2,425,000 2,247,500 (177,500) -7.3%
Median Days to Sell 13 29 16 123.1%
Listings 116 119 3 2.6%
Sales/Listing Ratio 35.3% 26.9% -0.084 -23.8%
Months of Inventory 3.0 4.0 1.0 33.3%
Monthly Comparison Year-to-Year Aug 2016 Aug 2017 Delta Delta Increase Decrease
Total Sales 39 32 -7 -17.9%
Median Sales Price 1,830,000 2,247,500 417,500 22.8%
Median Days to Sell 56 29 -27 -48.2%
Listings 131 119 -12 -9.2%
Months of Inventory 3.0 4.0 1 33.3%

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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

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