All Blog Entries by Dave Fratello

Found 2,558 blog entries published by Dave Fratello.

People love new.

That, you knew.

In the Tree Section, two of the newest new homes already have buyers, and we're only 3 weeks into February.

1604 Pine Avenue Manhattan Beach CAFirst to go was the "Contemporary Farm Home" at 1604 Pine (5br/5ba, 3585 sqft.).

It was listed at $3.495M just 2 weeks ago, and went into escrow with just 6 official DOM. (It's still compiling DOM while in an "Active Under Contract" status.)

The home's familiar in almost all respects, rhyming with much new construction of this cycle, sharing a floorplan (at least 90-95%) with a few new homes that popped to mind instantly when touring... and priced in the middle-to-high part of the range for comparably sized new homes recently.

As to location, 1604 Pine is just off of 17th St., a convenient pathway…

Yes, yes, the season is shaping up as it should. Even here on Ski Week's first weekend, there's plenty new to see - including some of the first new listings of the year in East Manhattan Beach.

Our video captures 2309 Pacific, 433 26th, 1018 9th2507 N. Valley and more:

Email subscribers and some mobile users 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 Beach open houses (it's mobile-friendly!). Our open house link always appears in our weekly wrapups and on the main front page, under "Open Houses."

Below, click any address link to view all photos and property details. And don't forget, when previewing homes here on MB Confidential, you can…

If you were counting on low inventory to squeeze buyers and boost prices this year, maybe reconsider your bet.

3612 Alma Avenue Manhattan Beach CAInventory for mid-February is above 2016 levels, at 75 as of midday Feb. 15. The total was 70 in 2016. (The photo here shows 3612 Alma [$2.495M], the 75th/newest listing.)

Yes, this is a big step down from 2017's 93 at this point, but still well above the average in the 40s during 2013-15.

If you want to compare year-over-year, this month's jump of 22 active listings from Feb. 1-Feb. 15 is a bit bigger than last year's jump of 19 listings from Feb. 1-Feb. 15, 2017. A post-Super Bowl flowering has been substantial.

Remember that last year ended, and this year began, with a seeming crash and contraction in inventory (Dave, don't say

2512 Pine Avenue Manhattan Beach CAOne recent listing to command a lot of buyer attention is 2512 Pine (4br/4ba, 3150 sqft.).

It's a Tree Section custom home built in the 1980s and recently refreshed for market, though not, strictly speaking, "remodeled."

Of this home, we said on the blog over the weekend, "Most of the home is original and could benefit from updates, but it makes a very good first impression thanks to all new wide-plank, lightly stained wood flooring (except kitchen) and fresh white paint just about everywhere."

So the home's reasonably attractive, but here's the grabber: A start price of $1.899M.

That's $602/PSF west of Sepulveda, and that just doesn't happen much.

Last year, there was 2204 Oak (3br/3ba, 3235 sqft.), a very dated home on the "wrong"

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