Manhattan Beach

Residential Real Estate

Market Conditions
January 2016

Key Statistics for January

Sales
2016 Residential Sales Stats
Year-to-Year Total Sales by Map Area
Median
2016 Median Sales Stats
Year-to-Year Median Sales by Map Area

Table of
Contents

Listings
2016 Active Listings by Map Area
2016 Total Active Listings vs. Total Sales
Year-to-Year Active Listings by Map Area

Inventory
2016 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
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory

Dec 2015

Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory

Jan 2015

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27
2,218,000
56
62
43.5%
2.0

21
1,635,000
48
56
3.0

Jan 2016
15
1,770,000
61
81
18.5%
5.0

Jan 2016
15
1,770,000
61
81
5.0

Delta (qty)
-12
(448,000)
5
19
-0.25
3.0

Delta
-6
135,000
13
25
2

Delta (%)
-44.4%
-20.2%
8.9%
30.6%
-57.5%
150.0%

Increase

Decrease

Delta
-28.6%
8.3%
27.1%
44.6%
66.7%

Increase

Decrease

= trending positive

= trending positive

= trending negative

= trending negative

Total Sales Month-to-Month by Map Area

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

Jan
1
7
1
2
4
15

Feb

Mar

2016 Total Sales Month-to-Month by Map Area

16
14

12
Manhattan Bch Sand

10

Manhattan Bch Tree

Manhattan Bch Hill

Manhattan Village
6

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

Total Sales

2
Jan

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Feb

Mar

Total Sales Year-to-Year by Map Area

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

2014
4
3
1
2
2
3
15

2015
6
1
3
3
2
6
21

2016
1
7
1
2
4
15

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

2014

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2015

2016

Median Sales Price Month-to-Month by Map Area

Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Market Median Sales Price

Jan
2,100,000
2,025,000
2,400,000
2,130,000
1,352,500
1,770,000

Feb

Mar

2016 Median Sales Price Month-to-Month by Map Area

2,500,000

2,000,000

Manhattan Bch Sand

1,500,000

Manhattan Bch Tree

Manhattan Bch Hill
Manhattan Village

1,000,000

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa
Market Median Sales Price

500,000

Jan

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Feb

Mar

Median Sales Price Year-to-Year by Map Area

Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Market Median Sales Price

2014
3,075,000
2,135,000
2,300,000
918,750
1,820,000
1,900,000
2,152,000

2015
1,577,500
2,400,000
3,500,000
1,260,000
908,125
1,667,500
1,635,000

2016
2,100,000
2,025,000
2,400,000
2,130,000
1,352,500
1,770,000

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

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
2014

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2015

2016

2016 Active Listings by Map Area

35
30
25
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village

20
15
10

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

5
Jan

Active Listings vs. Total Sales by Map Area

Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Active Listings
Back to Table of Contents

Feb

Jan
31
16
8
3
4
19
81

Mar

Feb

Apr

Mar

May

Apr

Jun

May

Jul

Jun

Aug

Jul

Sep

Aug

Sep

Oct

Oct

Nov

Nov

Dec

Dec

2016 Total Active Listings vs. Total Sales

90

80
70
60
50
40
Total Active Listings
Total Sales

30
20
10
Jan

Feb

Mar

Active Listings vs. Total Sales by Map Area

Jan
Feb
Manhattan Bch Sand
31
Manhattan Bch Tree
16
Manhattan Bch Hill
8
Manhattan Village
3
Manhattan Bch Heights/Lib Vlg
4
Manhattan Bch Mira Costa
19
Total Active Listings
81
Total Sales
15
Sales/Listings Ratio 18.5%
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Apr

Mar

May

Apr

Jun

Jul

Aug

May

Jun

Jul

Sep

Aug

Oct

Sep

Nov

Oct

Dec

Nov

Dec

Active Listings Year-to-Year by Map Area

Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Active Listings

2014
20
12
6
1
7
11
57

2015
14
16
3
6
4
13
56

2016
31
16
8
3
4
19
81

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

90

80
70
60

Manhattan Bch Sand

Manhattan Bch Tree

50

Manhattan Bch Hill

40

Manhattan Village
Manhattan Bch Heights/Lib Vlg

30

Manhattan Bch Mira Costa

Total Active Listings

20
10
2014

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2015

2016

2016 Months of Inventory by Map Area

35.0
30.0
25.0
20.0
Manhattan Bch Sand
Manhattan Bch Tree

15.0

Manhattan Bch Hill

Manhattan Village

10.0

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

5.0
Jan

Months of Inventory by Map Area

Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
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Jan
31.0
2.0
3.0
2.0
5.0

Feb

Feb

Mar

Mar

Apr

Apr

May

May

Jun

Jun

Jul

Aug

Jul

Aug

Sep

Sep

Oct

Oct

Nov

Dec

Nov

Dec

Months of Inventory Year-to-Year

5.0
4.5
4.0
3.5
3.0
2.5
2.0
2014
2015
2016

1.5
1.0
0.5
Jan

Feb

Months of Inventory Year-to-Year

2014
2015
2016
Back to Table of Contents

Mar

Jan
4.0
3.0
5.0

Apr

Feb
3.0
3.0

May

Jun

Mar
3.0
2.0

Apr
2.0
2.0

Jul

May
2.0
2.0

Aug

Jun
2.0
3.0

Sep

Jul
3.0
3.0

Aug
2.0
3.0

Oct

Sep
3.0
3.0

Nov

Dec

Oct
2.0
3.0

Nov
2.0
4.0

Dec
1.0
3.0

Summary
January was a rough month for Manhattan Beach real estate investing as total sales declined 44.4%, median sales price dropped
$448K, median days to sell bumped 8.9%, and the sales-listing ratio fell 57.5%. Evaluating year-over-year data points revealed the
market median sales price grew $135K and net listings improved 44.6%.
In the news According to C.A.R., Januarys statewide median home price was $468,330, down 4.3 percent from December
and up 9.2 percent from January 2015.
http://www.car.org/newsstand/newsreleases/2016releases/january2016sales?view=Standard
For listing or buying guidance, or additional statistics on market trending behavior, please do not hesitate to contact me. - My job
is your future.

Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory

Dec 2015

Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory

Jan 2015

Back to Table of Contents

27
2,218,000
56
62
43.5%
2.0

21
1,635,000
48
56
3.0

Jan 2016
15
1,770,000
61
81
18.5%
5.0

Jan 2016
15
1,770,000
61
81
5.0

Delta (qty)
-12
(448,000)
5
19
-0.25
3.0

Delta
-6
135,000
13
25
2

Delta (%)
-44.4%
-20.2%
8.9%
30.6%
-57.5%
150.0%

Increase

Decrease

Delta
-28.6%
8.3%
27.1%
44.6%
66.7%

Increase

Decrease

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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