All Blog Entries by Dave Fratello

There are currently 2,164 blog entries published by Dave Fratello.

Temps hitting the 80s and Manhattan Beach listing inventory... also almost in the 80s.

Must be Summer.

If you get a chance to talk to Parks & Rec, or one of our various rotating mayors or city councilpersons, don't forget to say something like: "Hey, the 6-man was pretty successful here this year. Looks like we're ready to go all the way back to the weekends."

The juniors – successful, too – they can have the weekdays to themselves.

You say you want to make a difference? Try it.

Here's our local real estate market update report for the period ending 7/31/15:

  • 76 active listings as of 7/31/15 (+5 from 7/15)
  • 65 SFRs (+2)
  • 11 THs (+3)

See the inventory list as of 7/31/15 here, or see the MB Dashboard for up-to-the-minute data.

Active listings by…

Summer's hitting its stride with the International Surf Festival and all its associated events: The lifeguard challenge, a beach run, the pier-to-pier swim and Manhattan Beach's famous/notorious Charlie Saikley 6-man volleyball tourney. 

And you have to feel like all's beginning to be right with the world when the 6-man creeps ever closer to the weekend again (the finals were on a Friday, not a Wednesday) and when Team Fletch, perhaps THE signature perennial entry, grabs another championship. (It had been since 2006 for the Chevy-Chase-inspired fanatics.)

Enjoy the final day of surf festivities and a great beach day!

When it's time to come in out of the sun for a bit, to plan your open-house tours for this week, try this Redfin map list of open houses,

On the face of it, someone just drove a huge bargain at 612 John in the Hill Section.

The classic manse with epic views was publicly listed for $10.500M in early June.

Whoa, that was really something. Then a buyer knocked, just 2 weeks into the listing.

Did they really get $10M+?

With the closed sale now, the answer is: Not quite. But the final deal at $9.400M is nothing to sneeze at.

First, it's an extremely impressive $4M markup over acquisition just a bit over 3 1/2 years prior (Nov. 2011) at $5.400M.

Translate that to a monthly appreciation rate: The home rose in value by $91,000/mo., averaged out over the period of this most recent hold.

There had been some remodeling/updating to the home over this span, updating the look and feel from the…

What if your neighbors put their house on the market and made a headline-grabbing sale?

You'd at least be curious.

If they got x, maybe ours is worth x, too, or maybe capital-y Y?!?

Or if the neighbor is just asking x, why shouldn't ours be worth more?

In this market, why not dip a toe – or a whole foot – into the water and see what happens?

There would appear to be a toe/foot dip going on at 210 15th Place (3br/2ba, 1225 sqft.) – an opportunistic listing occasioned by the companion half-lot home at 209 15th St. hitting the market. 

The 15th St. house emerged last week, asking $2.299M for a dated, smallish house (3br/2ba, 1275 sqft.) on a half lot facing one of the busiest areas of downtown. (Despite the florid language of the listing description and