Manhattan Beach

Residential Real Estate

Market Conditions
August 2016

Key Statistics for August

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 August

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

Jul 2016

Monthly Comparison Year-to-Year

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

Aug 2015
30
1,949,500
33
102
3.0

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31
2,255,000
39
148
20.9%
5.0

Aug 2016
Delta (qty)
39
8
1,830,000
(425,000)
56
17
132
-16
29.5%
0.086
3.0
-2.0

Aug 2016
39
1,830,000
56
132
3.0

Delta
9
(119,500)
23
30
0

Delta (%)
25.8%
-18.8%
43.6%
-10.8%
41.1%
-40.0%

Increase

Decrease

Delta
30.0%
-6.1%
69.7%
29.4%
0.0%

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

Jun
7
13
2
1
8
8
39

Jul
9
8
1
2
3
8
31

Aug
13
9
4
3
10
39

2016 Total Sales Month-to-Month by Map Area

40
35
30
Manhattan Bch Sand

25

Manhattan Bch Tree

Manhattan Bch Hill

20

Manhattan Village
15

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

10

Total Sales

5
Jun

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Jul

Aug

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
13
10
2
4
4
7
40

2015
9
5
3
2
4
7
30

2016
13
9
4
3
10
39

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

40
35
30

Manhattan Bch Sand

25

Manhattan Bch Tree

Manhattan Bch Hill

20

Manhattan Village
15

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

10

Total Sales

5
2014

Back to Table of Contents

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

Jun
2,245,000
1,805,000
2,900,500
985,000
1,660,000
2,110,000
1,924,000

Jul
2,800,000
3,000,000
6,350,000
1,355,000
1,340,000
2,004,500
2,255,000

Aug
2,309,000
1,769,825
1,762,500
2,475,000
1,562,500
1,830,000

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

7,000,000
6,000,000
5,000,000

Manhattan Bch Sand

Manhattan Bch Tree

4,000,000

Manhattan Bch Hill

Manhattan Village

3,000,000

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa

2,000,000

Market Median Sales Price

1,000,000
Jun

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Jul

Aug

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
2,250,000
2,025,000
3,510,000
1,162,000
1,337,500
1,995,000
1,947,500

2015
3,850,000
2,525,000
1,922,500
1,334,500
1,200,000
1,575,000
1,949,500

2016
2,309,000
1,769,825
1,762,500
2,475,000
1,562,500
1,830,000

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

2014

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2015

2016

2016 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
Manhattan Bch Mira Costa

10
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
35
24
12
3
9
14
97

Apr

Mar
37
40
13
4
10
16
120

May

Apr
45
31
16
6
11
21
130

May
53
34
17
7
15
23
149

Jun

Jun
58
37
15
6
13
28
157

Jul

Jul
47
34
15
3
17
32
148

Aug

Aug
45
31
12
4
11
29
132

Sep

Sep

Oct

Oct

Nov

Nov

Dec

Dec

2016 Total Active Listings vs. Total Sales

160
140
120
100
80
60
Total Active Listings
Total Sales

40
20
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Active Listings vs. Total Sales by Map Area

Jan
Feb Mar Apr May Jun
Jul
Aug Sep
Manhattan Bch Sand
31
35
37
45
53
58
47
45
Manhattan Bch Tree
16
24
40
31
34
37
34
31
Manhattan Bch Hill
8
12
13
16
17
15
15
12
Manhattan Village
3
3
4
6
7
6
3
4
Manhattan Bch Heights/Lib Vlg
4
9
10
11
15
13
17
11
Manhattan Bch Mira Costa
19
14
16
21
23
28
32
29
Total Active Listings
81
97 120 130 149 157 148 132
Total Sales
15
21
34
31
43
39
31
39
Sales/Listings Ratio 18.5% 21.6% 28.3% 23.8% 28.9% 24.8% 20.9% 29.5%

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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
37
9
6
12
5
21
90

2015
37
21
10
2
9
23
102

2016
45
31
12
4
11
29
132

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

140
120
100
Manhattan Bch Sand
Manhattan Bch Tree

80

Manhattan Bch Hill

60

Manhattan Village
Manhattan Bch Heights/Lib Vlg

40

Manhattan Bch Mira Costa

Total Active Listings

20

2014

Back to Table of Contents

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

Back to Table of Contents

Jan
31.0
2.0
3.0
2.0
5.0

Feb

Feb
5.0
8.0
6.0
3.0
3.0
3.0

Mar

Mar
4.0
5.0
2.0
2.0
10.0
2.0

Apr

Apr
11.0
2.0
16.0
2.0
4.0
5.0

May

May
4.0
2.0
4.0
4.0
4.0
5.0

Jun

Jun
8.0
3.0
8.0
6.0
2.0
4.0

Jul

Aug

Sep

Jul
5.0
4.0
15.0
2.0
6.0
4.0

Aug
3.0
3.0
3.0
4.0
3.0

Sep

Oct

Oct

Nov

Nov

Dec

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
5.0

May

Mar
3.0
2.0
4.0

Jun

Apr
2.0
2.0
4.0

Jul

May
2.0
2.0
3.0

Aug

Jun
2.0
3.0
4.0

Jul
3.0
3.0
5.0

Sep

Aug
2.0
3.0
3.0

Oct

Sep
3.0
3.0

Nov

Oct
2.0
3.0

Dec

Nov
2.0
4.0

Dec
1.0
3.0

Summary
In August, Manhattan Beach real estate investment produced a 25.8% increase in closed escrows and a 41.1% spike in the saleslisting ratio. However, the median sales price fell 18.8% and net listings dropped 10.8% while medians days to sell increased
43.6%. Year-over-year the months of inventory stat held steady at 3.0.
In the news According to C.A.R., At $526,580, Augusts statewide median home price is at its highest level in nearly seven
years. http://www.car.org/newsstand/newsreleases/2016releases/august2016sales?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
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory

Jul 2016

Monthly Comparison Year-to-Year

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

Aug 2015
30
1,949,500
33
102
3.0

Back to Table of Contents

31
2,255,000
39
148
20.9%
5.0

Aug 2016
Delta (qty)
39
8
1,830,000
(425,000)
56
17
132
-16
29.5%
0.086
3.0
-2.0

Aug 2016
39
1,830,000
56
132
3.0

Delta
9
(119,500)
23
30
0

Delta (%)
25.8%
-18.8%
43.6%
-10.8%
41.1%
-40.0%

Increase

Decrease

Delta
30.0%
-6.1%
69.7%
29.4%
0.0%

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

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
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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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