All Blog Entries by Dave Fratello

Found 2,422 blog entries published by Dave Fratello.

Let's take a quick look at recent market activity for March so far.

Active it has been!

Let's look at the very most recent news first. One trend that stands out... New construction in the Tree Section has been flying off the shelves:

719 19th Street Manhattan Beach CA719 19th (6br/8ba, 5870 sqft.) is an enormous new home with a huge basement providing a chunk of the square footage. Did the $6.799M asking price seem big? It was no deterrent – they have a deal after just one month on the public market.

2602 Pacific (4br/5ba, 3200 sqft.) had just exceeded 320 combined DOM on 2 listings, has shed $300K from its asking price, had all the staging removed and was just kind of waiting... it finally has a deal. It was last at $2.799M

2622 Maple (5br/6ba, 3200 sqft.) is a

Make some time for our video this week: 13 new listings appear, and it's not even clear we got everything! There are 49 listings holding open houses this weekend.

It's just more evidence that we're here in the busy Spring season. Inventory continues to come out, but the sales are rocking, too, keeping a lid on the total number of available homes. 

Our video this week features new construction at 703 Bayview and 3509 Alma, a big East MB Spanish at 1420 3rd, a Hill Section townhouse at 712 MB Blvd, Tree Section family homes at 2804 Palm and 1733 Pine, and more:

Some mobile users and email subscribers will need to use this link to view the video.

To plan your open-house tours for this week, use MB Confidential's online list of Manhattan

Here you are on a local real estate website. Nice to have you here.

If you're here, odds are that you also use Zillow and/or Redfin to track the market. MBC can't do everything those corporate types can do, but you know that we're hyper-local in a way they never could be.

From talking to Dave's clients along the way, we have the impression that everyone active in the market gets Redfin email updates, but that no one would actually consider hiring Redfin for their home sale or purchase.

Is this selection bias? We're only talking about people who are engaged with Dave! But no, the data mostly prove this out.

For one thing, we're unaware of Redfin ever representing a seller/listing in Manhattan Beach. It's possible we missed one.

Redfin did…

Pacific Ave. bisects the neighborhoods west of Sepulveda. Built, as it is, to handle substantial traffic, it does.

So Pacific is a busy street in that sense. (Especially in the Trees.)

But we're actually talking here about another kind of busy... a street where sales are happening, and happening and happening again. Just the last year-plus has seen a lot of activity. We'll take a look at active and sold listings from recent months.

Let's start at the beginning. Pacific runs from 5th St. in the Hill Section north to the end of town at Rosecrans.

Right at its southern start, as our photo shows here, there are 2 lots that sold last year, both razed, both under construction now. (See our post, "See How They've Shaved the Hill Section.")

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