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Manhattan Beach
Residential Real Estate
Market Conditions
May 2016
Table of
Contents
Key Statistics for May
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
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 May
Back to Table of Contents
= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Apr 2016 May 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 31 43 12 38.7%
Median Sales Price 2,200,000 2,225,000 25,000 1.1%
Median Days to Sell 27 33 6 22.2%
Listings 130 149 19 14.6%
Sales/Listing Ratio 23.8% 28.9% 0.051 21.4%
Months of Inventory 4.0 3.0 -1.0 -25.0%
Monthly Comparison Year-to-Year May 2015 May 2016 Delta Delta Increase Decrease
Total Sales 36 43 7 19.4%
Median Sales Price 2,337,500 2,225,000 (112,500) -4.8%
Median Days to Sell 31 33 2 6.5%
Listings 88 149 61 69.3%
Months of Inventory 2.0 3.0 1 50.0%
Back to Table of Contents
Total Sales Month-to-Month by Map Area Mar Apr May
Manhattan Bch Sand 9 4 12
Manhattan Bch Tree 8 16 16
Manhattan Bch Hill 6 1 4
Manhattan Village 2 3 2
Manhattan Bch Heights/Lib Vlg 1 3 4
Manhattan Bch Mira Costa 8 4 5
Total Sales 34 31 43
-
5
10
15
20
25
30
35
40
45
Mar Apr May
2016 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
Back to Table of Contents
Total Sales Year-to-Year by Map Area 2014 2015 2016
Manhattan Bch Sand 10 11 12
Manhattan Bch Tree 16 16 16
Manhattan Bch Hill 1 - 4
Manhattan Village 3 1 2
Manhattan Bch Heights/Lib Vlg 7 4 4
Manhattan Bch Mira Costa 6 4 5
Total Sales 43 36 43
-
5
10
15
20
25
30
35
40
45
2014 2015 2016
Total Sales Year-to-Year by Map Area: May
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Total Sales
Back to Table of Contents
Median Sales Price Month-to-Month by Map Area Mar Apr May
Manhattan Bch Sand 2,599,000 2,150,000 3,475,000
Manhattan Bch Tree 2,730,000 2,715,000 2,188,750
Manhattan Bch Hill 3,597,500 2,365,000 5,175,000
Manhattan Village 1,445,000 1,290,000 1,627,500
Manhattan Bch Heights/Lib Vlg 1,335,000 1,337,500 1,707,500
Manhattan Bch Mira Costa 2,247,500 2,037,500 1,425,000
Market Median Sales Price 2,481,250 2,200,000 2,225,000
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
Mar Apr May
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
Back to Table of Contents
Median Sales Price Year-to-Year by Map Area 2014 2015 2016
Manhattan Bch Sand 2,150,000 2,825,000 3,475,000
Manhattan Bch Tree 2,045,000 2,137,500 2,188,750
Manhattan Bch Hill 3,890,000 - 5,175,000
Manhattan Village 1,650,000 855,000 1,627,500
Manhattan Bch Heights/Lib Vlg 1,500,000 1,662,000 1,707,500
Manhattan Bch Mira Costa 1,850,000 2,542,500 1,425,000
Market Median Sales Price 1,995,000 2,337,500 2,225,000
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
2014 2015 2016
Median Sales Price Year-to-Year by Map Area: May
Manhattan Bch Sand
Manhattan Bch Tree
Manhattan Bch Hill
Manhattan Village
Manhattan Bch Heights/Lib Vlg
Manhattan Bch Mira Costa
Market Median Sales Price
Back to Table of Contents
Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 31 35 37 45 53
Manhattan Bch Tree 16 24 40 31 34
Manhattan Bch Hill 8 12 13 16 17
Manhattan Village 3 3 4 6 7
Manhattan Bch Heights/Lib Vlg 4 9 10 11 15
Manhattan Bch Mira Costa 19 14 16 21 23
Total Active Listings 81 97 120 130 149
-
10
20
30
40
50
60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 Active Listings 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
Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 31 35 37 45 53
Manhattan Bch Tree 16 24 40 31 34
Manhattan Bch Hill 8 12 13 16 17
Manhattan Village 3 3 4 6 7
Manhattan Bch Heights/Lib Vlg 4 9 10 11 15
Manhattan Bch Mira Costa 19 14 16 21 23
Total Active Listings 81 97 120 130 149
Total Sales 15 21 34 31 43
Sales/Listings Ratio 18.5% 21.6% 28.3% 23.8% 28.9%
-
20
40
60
80
100
120
140
160
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
Back to Table of Contents
Active Listings Year-to-Year by Map Area 2014 2015 2016
Manhattan Bch Sand 20 27 53
Manhattan Bch Tree 23 26 34
Manhattan Bch Hill 12 10 17
Manhattan Village 7 3 7
Manhattan Bch Heights/Lib Vlg 4 6 15
Manhattan Bch Mira Costa 25 16 23
Total Active Listings 91 88 149
-
20
40
60
80
100
120
140
160
2014 2015 2016
Active Listings Year-to-Year by Map Area: May
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
Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Manhattan Bch Sand 31.0 5.0 4.0 11.0 4.0
Manhattan Bch Tree 2.0 8.0 5.0 2.0 2.0
Manhattan Bch Hill - 6.0 2.0 16.0 4.0
Manhattan Village 3.0 3.0 2.0 2.0 4.0
Manhattan Bch Heights/Lib Vlg 2.0 3.0 10.0 4.0 4.0
Manhattan Bch Mira Costa 5.0 3.0 2.0 5.0 5.0
-
5.0
10.0
15.0
20.0
25.0
30.0
35.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 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
Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 4.0 3.0 3.0 2.0 2.0 2.0 3.0 2.0 3.0 2.0 2.0 1.0
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
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory Year-to-Year
2014
2015
2016
Summary
The month of May proved encouraging for real estate investment in Manhattan Beach residential properties. From a month-to-
month perspective improvements included total sales (+38.7%), median sales price (+1.1%), net listings (+22.2%), sales-listing
ratio (+21.4%), and the months of inventory (-25%).
In the news… According to C.A.R., “California existing home sales edged up in May, rising above the 400,000 benchmark level
for the third straight month, while strained housing supply continued to push prices
higher.”http://www.car.org/newsstand/newsreleases/2016releases/May2016sales?view=Standard
For listing or buying questions or representation, 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.
Back to Table of Contents
Monthly Comparison Year-to-Year May 2015 May 2016 Delta Delta Increase Decrease
Total Sales 36 43 7 19.4%
Median Sales Price 2,337,500 2,225,000 (112,500) -4.8%
Median Days to Sell 31 33 2 6.5%
Listings 88 149 61 69.3%
Months of Inventory 2.0 3.0 1 50.0%
Month-to-Month Comparison Apr 2016 May 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 31 43 12 38.7%
Median Sales Price 2,200,000 2,225,000 25,000 1.1%
Median Days to Sell 27 33 6 22.2%
Listings 130 149 19 14.6%
Sales/Listing Ratio 23.8% 28.9% 0.051 21.4%
Months of Inventory 4.0 3.0 -1.0 -25.0%
 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
About
Hady Chahine…
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s 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
Listings MLS BLOGWebsite
Hady Chahine
• hady@hadychahine.com
• 310-404-5361

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May 2016 Manhattan Beach Real Estate Market Trends Update

  • 1. Manhattan Beach Residential Real Estate Market Conditions May 2016
  • 2. Table of Contents Key Statistics for May 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 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
  • 3. Key Statistics for May Back to Table of Contents = trending positive = trending positive = trending negative = trending negative Month-to-Month Comparison Apr 2016 May 2016 Delta (qty) Delta (%) Increase Decrease Total Sales 31 43 12 38.7% Median Sales Price 2,200,000 2,225,000 25,000 1.1% Median Days to Sell 27 33 6 22.2% Listings 130 149 19 14.6% Sales/Listing Ratio 23.8% 28.9% 0.051 21.4% Months of Inventory 4.0 3.0 -1.0 -25.0% Monthly Comparison Year-to-Year May 2015 May 2016 Delta Delta Increase Decrease Total Sales 36 43 7 19.4% Median Sales Price 2,337,500 2,225,000 (112,500) -4.8% Median Days to Sell 31 33 2 6.5% Listings 88 149 61 69.3% Months of Inventory 2.0 3.0 1 50.0%
  • 4. Back to Table of Contents Total Sales Month-to-Month by Map Area Mar Apr May Manhattan Bch Sand 9 4 12 Manhattan Bch Tree 8 16 16 Manhattan Bch Hill 6 1 4 Manhattan Village 2 3 2 Manhattan Bch Heights/Lib Vlg 1 3 4 Manhattan Bch Mira Costa 8 4 5 Total Sales 34 31 43 - 5 10 15 20 25 30 35 40 45 Mar Apr May 2016 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
  • 5. Back to Table of Contents Total Sales Year-to-Year by Map Area 2014 2015 2016 Manhattan Bch Sand 10 11 12 Manhattan Bch Tree 16 16 16 Manhattan Bch Hill 1 - 4 Manhattan Village 3 1 2 Manhattan Bch Heights/Lib Vlg 7 4 4 Manhattan Bch Mira Costa 6 4 5 Total Sales 43 36 43 - 5 10 15 20 25 30 35 40 45 2014 2015 2016 Total Sales Year-to-Year by Map Area: May Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Sales
  • 6. Back to Table of Contents Median Sales Price Month-to-Month by Map Area Mar Apr May Manhattan Bch Sand 2,599,000 2,150,000 3,475,000 Manhattan Bch Tree 2,730,000 2,715,000 2,188,750 Manhattan Bch Hill 3,597,500 2,365,000 5,175,000 Manhattan Village 1,445,000 1,290,000 1,627,500 Manhattan Bch Heights/Lib Vlg 1,335,000 1,337,500 1,707,500 Manhattan Bch Mira Costa 2,247,500 2,037,500 1,425,000 Market Median Sales Price 2,481,250 2,200,000 2,225,000 - 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 Mar Apr May 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
  • 7. Back to Table of Contents Median Sales Price Year-to-Year by Map Area 2014 2015 2016 Manhattan Bch Sand 2,150,000 2,825,000 3,475,000 Manhattan Bch Tree 2,045,000 2,137,500 2,188,750 Manhattan Bch Hill 3,890,000 - 5,175,000 Manhattan Village 1,650,000 855,000 1,627,500 Manhattan Bch Heights/Lib Vlg 1,500,000 1,662,000 1,707,500 Manhattan Bch Mira Costa 1,850,000 2,542,500 1,425,000 Market Median Sales Price 1,995,000 2,337,500 2,225,000 - 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 2014 2015 2016 Median Sales Price Year-to-Year by Map Area: May Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Market Median Sales Price
  • 8. Back to Table of Contents Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Manhattan Bch Sand 31 35 37 45 53 Manhattan Bch Tree 16 24 40 31 34 Manhattan Bch Hill 8 12 13 16 17 Manhattan Village 3 3 4 6 7 Manhattan Bch Heights/Lib Vlg 4 9 10 11 15 Manhattan Bch Mira Costa 19 14 16 21 23 Total Active Listings 81 97 120 130 149 - 10 20 30 40 50 60 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 Active Listings by Map Area Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa
  • 9. Back to Table of Contents Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Manhattan Bch Sand 31 35 37 45 53 Manhattan Bch Tree 16 24 40 31 34 Manhattan Bch Hill 8 12 13 16 17 Manhattan Village 3 3 4 6 7 Manhattan Bch Heights/Lib Vlg 4 9 10 11 15 Manhattan Bch Mira Costa 19 14 16 21 23 Total Active Listings 81 97 120 130 149 Total Sales 15 21 34 31 43 Sales/Listings Ratio 18.5% 21.6% 28.3% 23.8% 28.9% - 20 40 60 80 100 120 140 160 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 Total Active Listings vs. Total Sales Total Active Listings Total Sales
  • 10. Back to Table of Contents Active Listings Year-to-Year by Map Area 2014 2015 2016 Manhattan Bch Sand 20 27 53 Manhattan Bch Tree 23 26 34 Manhattan Bch Hill 12 10 17 Manhattan Village 7 3 7 Manhattan Bch Heights/Lib Vlg 4 6 15 Manhattan Bch Mira Costa 25 16 23 Total Active Listings 91 88 149 - 20 40 60 80 100 120 140 160 2014 2015 2016 Active Listings Year-to-Year by Map Area: May Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Active Listings
  • 11. Back to Table of Contents Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Manhattan Bch Sand 31.0 5.0 4.0 11.0 4.0 Manhattan Bch Tree 2.0 8.0 5.0 2.0 2.0 Manhattan Bch Hill - 6.0 2.0 16.0 4.0 Manhattan Village 3.0 3.0 2.0 2.0 4.0 Manhattan Bch Heights/Lib Vlg 2.0 3.0 10.0 4.0 4.0 Manhattan Bch Mira Costa 5.0 3.0 2.0 5.0 5.0 - 5.0 10.0 15.0 20.0 25.0 30.0 35.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 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
  • 12. Back to Table of Contents Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 4.0 3.0 3.0 2.0 2.0 2.0 3.0 2.0 3.0 2.0 2.0 1.0 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 - 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Months of Inventory Year-to-Year 2014 2015 2016
  • 13. Summary The month of May proved encouraging for real estate investment in Manhattan Beach residential properties. From a month-to- month perspective improvements included total sales (+38.7%), median sales price (+1.1%), net listings (+22.2%), sales-listing ratio (+21.4%), and the months of inventory (-25%). In the news… According to C.A.R., “California existing home sales edged up in May, rising above the 400,000 benchmark level for the third straight month, while strained housing supply continued to push prices higher.”http://www.car.org/newsstand/newsreleases/2016releases/May2016sales?view=Standard For listing or buying questions or representation, 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. Back to Table of Contents Monthly Comparison Year-to-Year May 2015 May 2016 Delta Delta Increase Decrease Total Sales 36 43 7 19.4% Median Sales Price 2,337,500 2,225,000 (112,500) -4.8% Median Days to Sell 31 33 2 6.5% Listings 88 149 61 69.3% Months of Inventory 2.0 3.0 1 50.0% Month-to-Month Comparison Apr 2016 May 2016 Delta (qty) Delta (%) Increase Decrease Total Sales 31 43 12 38.7% Median Sales Price 2,200,000 2,225,000 25,000 1.1% Median Days to Sell 27 33 6 22.2% Listings 130 149 19 14.6% Sales/Listing Ratio 23.8% 28.9% 0.051 21.4% Months of Inventory 4.0 3.0 -1.0 -25.0%
  • 14.  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 About Hady Chahine…
  • 15. The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s 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 Listings MLS BLOGWebsite Hady Chahine • hady@hadychahine.com • 310-404-5361