All Blog Entries by Dave Fratello

There are currently 1,932 blog entries published by Dave Fratello.

With Easter right around the corner, it's time for one of our twice-monthly updates on the Manhattan Beach real estate market.

We do two updates a month, at mid-month and end of month. Data for these reports closed 4/15/14.

Here's the quick overview on active inventory (click here for the list as of 4/15):

  • 49 active listings as of 4/15/14 (-1 from 3/31/14, +16 from 3/1/14)
  • 44 SFRs (+1)
  • 5 THs (-2)

See the MB Dashboard for up-to-the-minute data.

Active listings by region of Manhattan Beach in this report:

  • Tree Section: 12 actives (-2 from 3/31/14)
  • Sand Section: 11 actives (+4)
  • Hill Section: 5 actives (-3)
  • East MB: 21 actives (flat)

We're also providing a report on pending and closed sales by region of MB.

Sales are organized by…

We're in an upcycle in Manhattan Beach real estate that is seeing all kinds of new highs carved out.

Pick your category. New construction on a single lot in the Tree Section? How about $3.6M and $3.7M, hit last August at 705 26th and 709 26th.

Strand dirt? How about 104 The Strand at $9.500M in February this year?

East MB new construction? 1626 1st (5br/5ba, 4950 sq. ft.) hit $3.200M (see "3.2 Is the New Crest for East MB").

Townhomes east of Highland? All of a sudden $2.8M is the new normal after it had never been hit: First, 2520 Alma, then 2300 Alma, and, now in escrow, new 408 32nd (pending). (Plus, we hear 2520 Alma is set to resell for more.)

Joining the fray now is a new listing behind the gates of the MB Village: 22 Chatham (4br/3ba, 2950 sq.

It was about 6 years ago. The last real estate upcycle had begun to stall out. New construction sales slowed. A local builder took it upon himself to convince wary buyers that it was an excellent time to buy.

In our January 2008 post here at MBC (see "A Builder's Take"), we copied this extraordinary half-page print ad placed by the builder and discussed the ad's message. (Click to enlarge.)

Memorably titled, "The Crystal Ball Story," the ad said that new home prices could not go lower, and that buying in early 2008, you'd find your investment up 20% in 5 years.

As time has passed, the message of the half-page ad has proved to be about half right and about half wrong.

The wrong parts are easy to spot. The ad noted that many (then) new homes were built…

Tuning in here at MBC, you know we're kinda focused on promoting 743 29th St., Dave's new listing in the Tree Section. (Open 1-4pm both Saturday and Sunday.)

We had all hands on deck for the brokers' open Friday and did not get to see other properties. So this week, our open house post will run just brief excerpts of the official descriptions, rather than our usual reviews. This way we can bring you something about all of the new listings.

This new video of our Napa Farmhouse is courtesy of South Bay DIGS magazine. We're on the cover this week, and DIGS shot this video for us to go along with that.

As always, to plan your open-house tours for this week, try this Redfin map list of open houses, or click here for the Beach Reporter list of opens.

Sand