Manhattan Beach

Residential Real Estate Market Conditions

October 2013

Key Statistics for October Sales 2013 Residential Sales Stats: Aug - Oct Year-to-Year Total Sales by Map Area: Oct Median 2013 Median Sales Stats: Aug - Oct Year-to-Year Median Sales by Map Area: Oct

Table of Contents

Listings 2013 Active Listings by Map Area 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Oct

Inventory 2013 Months of Inventory by Map Area Year-to-Year Months of Inventory

Outlook for November

About the Mother & Son South Bay Real Estate Team Contact Information

Key Statistics for October

Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover Sep 2013 32 1,707,500 41 69 46.4 2.2 Oct 2013 29 1,520,000 38 57 50.9 2 Delta (qty) -3 (187,500) -3 -12 4.5 -0.2 Delta (%) -9.4% -11.0% -7.3% -17.4% 9.7% -9.1% Increase Decrease

Monthly Comparison Year-to-Year Total Sales Median Sales Price Median Days to Sell Listings Inventory Turnover

Oct 2012 32 1,212,500 46 103 3.2

Oct 2013 29 1,520,000 38 57 2

Delta -3 307,500 -8 -46 -1.2

Delta -9.4% 25.4% -17.4% -44.7% -37.5%

Increase

Decrease

= trending positive = trending negative

= trending positive = trending negative

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2013 Residential 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 Sales

Aug 7 16 5 1 4 7 40

Sep 5 10 6 2 3 6 32

Oct 5 11 3 2 5 3 29

YTD 17 37 14 5 12 16 101

2013 Residential Sales Statistics: Aug - Oct

16 14 12

Manhattan Bch Sand 10

8 6 4 2 0 Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa

Aug

Sep

Oct

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Sales by Map Area: Year-to-Year for October Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Sales

2011 9 6 1 2 3 3 24

2012 10 4 2 2 8 6 32

2013 5 11 3 2 5 3 29

Total Sales by Map Area: Year-to-Year for October

35

30

25

Manhattan Bch Sand Manhattan Bch Tree

20

Manhattan Bch Hill Manhattan Village

15

Manhattan Bch Heights/Lib Vlg

Manhattan Bch Mira Costa Total Sales

10

0 2011 2012 2013

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2013 Median Sales by Map Area Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Market Medians

Aug 1,750,000 1,929,700 2,199,900 1,299,000 1,137,000 1,350,000 1,685,000

Sep 2,100,000 1,739,500 1,639,125 1,292,500 1,049,000 1,724,950 1,707,500

Oct 1,760,000 1,520,000 1,750,000 1,017,500 1,335,000 1,960,000 1,520,000

2013 Median Sales Statistics: Aug - Oct

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

500,000

Aug Sep Oct

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Median Sales Price by Map Area: Year-to-Year for October Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Market Sales Medians

2011 2,010,000 1,480,000 1,200,000 958,750 622,500 755,000 1,297,500

2012 1,850,000 1,702,500 1,800,000 875,000 1,000,000 1,022,500 1,212,500

2013 1,760,000 1,520,000 1,750,000 1,017,500 1,335,000 1,960,000 1,520,000

Median Sales Price by Map Area: Year-to-Year for October

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 Total Market Sales Medians 500,000

2011 2012 2013

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2013 Active Listings by Map Area

35 30 25 Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa 5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 10 15 20

2013 Active Listings/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
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Jan 28 8 4 3 3 17 63

Feb 30 11 4 4 10 15 74

Mar 35 25 6 3 9 7 85

Apr 29 17 6 4 19 75

May 29 21 12 2 8 20 92

Jun 28 28 17 3 7 21 104

Jul 25 24 14 5 7 18 93

Aug 22 15 15 5 8 15 80

Sep 26 14 11 1 6 11 69

Oct 17 12 7 1 9 11 57

Nov

Dec

2013 Total Active Listings vs. Total Sales

120 100 80 60 Total Active Listings Total Sales 40 20 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 Active Listings/Total Sales by Map Area

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Manhattan Bch Sand 28 30 35 29 29 28 25 22 26 17 Manhattan Bch Tree 8 11 25 17 21 28 24 15 14 12 Manhattan Bch Hill 4 4 6 6 12 17 14 15 11 7 Manhattan Village 3 4 3 2 3 5 5 1 1 Manhattan Bch Heights/Lib Vlg 3 10 9 4 8 7 7 8 6 9 Manhattan Bch Mira Costa 17 15 7 19 20 21 18 15 11 11 Total Active Listings 63 74 85 75 92 104 93 80 69 57 Total Sales 22 22 42 45 50 42 45 40 32 29 Sales/Listings Ratio 34.9% 29.7% 49.4% 60.0% 54.3% 40.4% 48.4% 50.0% 46.4% 50.9%
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Active Listings by Map Area: Year-to-Year for October Manhattan Bch Sand Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa Total Active Listings

2011 9 6 1 2 3 3 24

2012 34 21 10 7 7 24 103

2013 17 12 7 1 9 11 57

Active Listings by Map Area: Year-to-Year for October

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

0
2011 2012 2013

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2013 Months of Inventory by Map Area

18.0 16.0 14.0 12.0

Manhattan Bch Sand

Manhattan Bch Tree Manhattan Bch Hill Manhattan Village Manhattan Bch Heights/Lib Vlg Manhattan Bch Mira Costa

10.0 8.0 6.0 4.0 2.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 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 2.0 2.0 2.0 3.0 17.0

Feb 4.3 3.7 1.3 1.3 3.3 5.0

Mar 2.3 3.1 1.2 3.0 2.3 0.8

Apr 1.6 1.3 6.0 0.8 3.8

May 1.8 1.2 4.0 0.7 2.0 3.3

Jun 3.1 2.3 5.7 1.5 0.9 2.6

Jul 1.7 2.0 4.7 5.0 1.8 1.8

Aug 3.1 0.9 3.0 5.0 2.0 2.1

Sep 5.2 1.4 1.8 0.5 2.0 1.8

Oct 3.4 1.1 2.3 0.5 1.8 3.7

Nov

Dec

Months of Inventory: Year-to-Year

10.0 9.0 8.0

7.0
6.0 5.0 2011 2012 2013

4.0
3.0 2.0

1.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Months of Inventory: Year-to-Year 2011 2012 2013

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Jan 5.7 6.8 2.9

Feb 9.3 6.1 3.4

Mar 3.6 2.4 2.0

Apr 4.5 2.6 1.7

May 4.6 2.8 1.8

Jun 3.3 2.9 2.5

Jul 3.3 3.0 2.1

Aug 3.8 2.4 2.0

Sep 4.5 4.1 2.2

Oct 5.7 3.2 2.0

Nov 4.6 2.1

Dec 3.8 1.9

Outlook for November

Compared to September 2013 data, total homes sold for October decreased by a small amount but is partially explained by a decrease in active listings. Although the aggregate median sales price decreased improvement was noted for median days to sell, sales/listing ratio, and inventory turnover. According to MLS data, combined with news from the Federal Reserve and its intention to continue QE policy through 2013, and perhaps well into 2014, it appears leveling-off / positive movement is likely to continue during the month of November. With this in mind, the recap is
Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover
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Sep 2013 32 1,707,500 41 69 46.4 2.2

Oct 2013 29 1,520,000 38 57 50.9 2

Delta (qty) -3 (187,500) -3 -12 4.5 -0.2

Delta (%) -9.4% -11.0% -7.3% -17.4% 9.7% -9.1%

Increase

Decrease

About the Mother & Son South Bay Real Estate Team
Serving South Bay Home Buyers and Sellers Since 1989 RE/MAX Top 4 Team in California 2012 RE/MAX 100% Club - 2011 Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010 Shorewood Realtors Top Producing Agent (Hassana 1989-2001) ABR, RS, GRI, BPOR, SBAOR, CAR, NAR, IRES
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Hassana Chahine
hassana@hhcrealestate.com 310-756-8949

Hady Chahine
hady@hhcrealestate.com 310-404-5361

Website: http://HHCRealEstate.com Listings: http://HHCRealEstate.com/featured-south-bay-homes MLS: http://HHCRealEstate.com/south-bay-mls-real-estate-listings Blog: http://HHCRealEstate.com/real-estate-news/

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