Posts Tagged ‘manhattan beach real estate market’

Manhattan Beach Real Estate Market Update July 2014

Friday, August 8th, 2014

Data analysis reveals 36 residential properties sold in Manhattan Beach during the month of July, which brings the yearly total to 236.

07-2014   MB  sales  M-to-M

Of course, with all this activity nobody should be surprised to learn that the market median sales price improved by $25K in July with respect to June.

07-2014   MB  median sales price M-to-M

Despite the aforementioned, however, the sales/listing ratio dropped a few percentage points to 46.2%, which by most accounts is still a favorable conversion rate.

07-2014   MB  sales-listings ratio  M-to-M

Finally, a comparison of July 2013 & 2014 inventory numbers shows listings are trending almost equal; very little change in supply although demand is arguably much stronger this year.

Manhattan Beach Real Estate Market Update June 2014

Thursday, July 17th, 2014

Overall, Manhattan Beach real estate sales activity trended relatively consistent during the last few months months with 45 closed escrows in April, 43 in May, and 42 in June.

06-2014   MB  sales  M-to-M

Accordingly, the month-to-month market median sales price remains fairly strong with $1.902 million reported by the MLS.

06-2014   MB  median sales price M-to-M

Reinforcing previous stats the sales/listing ratio for June came in at 50.6%, which is exactly the same number produced during May.

06-2014   MB  sales-listings ratio  M-to-M

Last, the year-over-year months of inventory analysis shows property listings moved approximately 26% faster in June 2014 when compared to June 2013.

06-2014   MB  months of inventory Y-to-Y

Manhattan Beach Real Estate Market Update May 2014

Monday, June 16th, 2014

Real estate sales performance in Manhattan Beach was strong during the month of May with 43 closed transactions.

05-2014   MB  sales  M-to-M

Trending positive was the market median sales price which increased to $1,995,000 million, an improvement of 7.8% from the month previous.

05-2014   MB  median sales price M-to-M

Another data point in support of strong real estate activity is the sales/listing ratio, which computed to 50.6% this month.

05-2014   MB  sales-listings ratio  M-to-M

Finally, the months of inventory for May 2014 was about equal to May 2013 with the former producing a 2.0 figure compared to 1.8 for the latter.

05-2014   MB  months of inventory Y-to-Y

Manhattan Beach Real Estate Market Update April 2014

Saturday, May 31st, 2014

Manhattan Beach real estate sales activity in April improved relative to the month previous by more than 36% for a total of 45 closed escrows.

04-2014   MB  sales  M-to-M

Of course the news gets better! In addition to increased sales activity, the median market sales price grew by almost 8% or $133K.

04-2014   MB  median sales price M-to-M

Furthermore, the sales/listing ratio reinforces the market’s positive trending performance by posting a 5.9% improvement to 51.1%.

04-2014   MB  sales-listings ratio  M-to-M

Last, the year-over-year inventory stat indicates buyers are vigilant to acquire properties of their dreams as mortgage money remains historically inexpensive to secure.

Manhattan Beach Real Estate Market Update March 2014

Monday, April 7th, 2014

MLS data shows a huge increase in the total number of homes sold in Manhattan Beach during the month of March.

03-2014   MB  sales  M-to-M

Even the year-over-year median sales price trended positive by almost 11% or, in dollar figures, by approximately $165K.

03-2014   MB  median sales price Y-to-Y

Also, evidence indicates despite a surge in new listings the sales/listing ratio continues to improve. This month it was 45.2%.

03-2014   MB  sales-listings ratio  M-to-M

Last, the year-over-year months of inventory analysis reveals a slight bump compared to 2013, but again the rise in total listings explains this movement.

03-2014   MB  months of inventory Y-to-Y