All Blog Entries by Dave Fratello

There are currently 2,176 blog entries published by Dave Fratello.

If you walk by 104 The Strand right now, you'll just see a deep hole, some shoring, the beginning of a skeleton of a house. Busy crews are working to make it so much more.

Now, they're working for someone new: A buyer.

That's because the spec project under way there at 104 The Strand has officially posted a deal. They're in escrow as of Wednesday morning with a list price of $18.900M. (We're posting artful renderings from the MLS now, not actual photos.)

Back in May this year, the high-gloss spec project first hit the market at $17.990M. Then the price went up. Someone might be saying now, "Darn, I coulda saved a million bucks."

You may recall way-back-when, about 18 months ago, when the lot at 104 The Strand came out asking $8.000M (a sum we called

It seems harmless – today – to overprice new construction while waiting for the market to (perhaps) catch up midway through the build.

Some East Manhattan new construction projects launched with hugely ambitious asking prices, and are now adjusting.

Take the mega number on 1131 6th (5br/5ba, 5025 sq. ft.). This is a new home due next year that's under way now. Location: A few doors in off of Sepulveda.

Asking in February 2015: $4.499M.

The prior top sales of new construction in East Manhattan:

  • 111 S. Meadows (5br/6ba, 4200 sq. ft., huge 9500 sqft. lot) at $4.000M in Oct. 2014 (the Sunset "Idea House"); a special case given the nature of the house and huge lot size
  • 1632 Voorhees (5br/5ba, 4500 sqft., 7500 sqft. lot) at $3.251M in June 2015; the…

Full moon, Super moon...

Beach moon. 

Did you seriously miss the epic pre-sunrise moon-set on Saturday?

Not MBC! (Photo credit: Mrs. MBC.)

Next time we'll drag out all the fancy equipment. (Reminder: Get fancy equipment.)

Our local real estate market isn't setting. When the schools re-open, we typically see a new flurry of activity. So that's... now.

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. (Note: The BR now uses a new format, said to be more mobile-friendly. We'll see.)

Don't forget, when previewing homes here on MB Confidential, you can click "Open All Images" right above the main listing photo to get immediate display of all the listing photos at

OK, the kids are back in school, so you can catch up again on what's been going on around town.

Today, we'll start a series of short briefings on the Manhattan Beach real estate market.

First things first, you do typically see an inventory bulge in Summer. At some point in early August, we saw as many as 84-85 homes available for sale in Manhattan Beach. Through absorption, quitting and all, the total is down to 67 as we write on Weds. morn. (See the MB Dashboard for an update.)

You could say a lot of dirt – or sand – changed hands in the Sand Section over the Summer. Here are some of the lot sales to close just since school broke for Summer, along with other news from the beach.

Bruce's Beach Park-Adjacent Lots

2520 Manhattan Ave. and 2519 Bayview,