All Blog Entries by Dave Fratello

There are currently 2,283 blog entries published by Dave Fratello.

Did you ever order Pay-Per-View of some big fight, lay out a hearty spread of food and drink, gather friends and family around the TV, and then watch the whole thing end in a first-round knockout?

Ooof. "Well, thanks, everyone, for coming..."

Not quite so suddenly as that, we've now seen a battle on the Manhattan Beach Strand develop, then fizzle.

It all began when 1000 The Strand (pictured) launched in June 2015 at $28.900M. That price seemed, shall we say, wishful, even though the lot is nearly 5000 sqft. and obviously in a prime location. (Yes, that's the pier in frame there.)

Here at MBC, we devoted a post to the huge asking price: "$29M? Can We Talk?" We tried to infer possible lot values from other recent Strand sales, but could not quite get

The second half of April saw a drop in inventory below 100 for a short time, though the month ended at 103 listings.

At the same time last year, there were 56 active listings. (See our 5/1/15 update here.)

3009 North Poinsettia Avenue Manhattan Beach CAThere was a lot to say about the Tree Section during this period. For instance, note the big sale of a custom Cape Cod at 3009 N. Poinsettia (4br/4ba, 3600 sqft.) at $3.700M – well over $1,000/PSF.

That number bested the $3.500M secured by the smaller new construction just a couple of blocks away at 3101 Maple (5br/5ba, 3200 sqft.) early this year.

3521 Walnut Avenue Manhattan Beach CADuring this same period, two more large and new/newer Tree Section homes east of Pacific and north of Valley also closed, but for much less: 3113 Walnut (5br/5ba, 3320 sqft.) at $3.180M and 3521 Walnut

There are 37 listings holding open houses this weekend, down from 49 last week. Inventory is still above 100, after a dip as "low" as 95 earlier in the week.

Our video features the south Strand fixer/teardown at 716 The Strand, the elaborate, a huge estate at 1240 5th (which is open Sunday) and new construction at 860 27th, and the unique custom home at the corner of Blanche/Valley with a huge lot (2100 Blanche), among others. Check it out here:

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 new 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,

In less than 2 weeks, inventory in the Tree Section has dropped quickly – mostly due to new sales.

As of April 15 this year, there were 32 listings in the almost-glutted Tree Section. There had been 14 active listings in the Tree Section exactly one year prior, so this was a huge difference... much more choice for buyers.

As of Thursday morning, inventory was back down to 22 active listings. Where did those other listings go? Here's our rundown (you can click any address to see more photos & details on any listing).

1313 Pine Avenue Manhattan Beach CA1313 Pine (5br/4ba, 3250 sqft.) is essentially new construction, purchased one year ago pre-completion and before it came to market for $3.290M.

It's an artistically done Cape Cod on a corner lot, which allows entry from the side. The…