All Blog Entries by Dave Fratello

 Just one year ago, Manhattan Beach real estate inventory was at 112. Mid-August 2017, we're at 114.

The biggest dropoff since last year: East Manhattan, where there were 32 listings last year, but only 19 now.

The biggest bulge: the Sand Section, where inventory's now up to 61, against 38 last year (+61%).

The Sand Section did boast some (*some*) of the biggest action in this most recent market update period, with a closed sale at 132 16th (4br/5ba, 4050 sqft.) at $8.000M.

Yet that sale carried disappointing news at the same time. It's not the same house as the next-door neighbor, 200 16th, which sold new in Feb. 2016 for $9.000M. And yet, it sold for considerably less just 18 months later.

At first, that high sale at 200 had inspired the…

This may be one of the last couple weekends of limited new inventory.

As we frequently note, the Summer months tend to be slow, because people like you are out where you are now, not necessarily in Manhattan Beach checking out homes. (Where did we catch you just now?)

Our video this week features all the homes in our writeups, too, including 2410 Laurel, 624 30th and 3524 Laurel:  

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 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…

With the recent new escrow at 3400 Poinsettia (5br/6ba, 3250 sqft.), it feels like there's almost nothing new left in the Tree Section for buyers.

That was one of the last "mainstream" priced new homes, asking $2.995M.

Just a few days before, another new construction project at 2201 Oak (5br/6ba, 3120 sqft.) went into escrow, within a month of its start at $2.895M.

As we have noted more than once, that price at 2201 Oak would be a record for Oak. (The high for any home on Oak is $2.800M for new construx at 2001 Oak in Sept. last year.)

3400 Poinsettia will settle someplace near the closed price for the larger next-door neighbor, new construx at 3312 Poinsettia (5br/5ba, 3600 sqft.) which just closed last week for $3.087M.

But let's say…

You know Manhattan Beach homes have gotten pricier by the year.

So you probably figured that, by now, $20 million real estate sales would be a thing.

Well, yes. Twenty million dollar sales now have happened here, but there hadn't been one before 2017.

And now we have 2 this year. We had a first, then another soon after.

The latest $20M sale is a deserving one.

814 Pacific Ave. is a true one-of-a-kind home. We don't mean that in the way you hear it sometimes, as polite code for a home that's quirky. No, here, that means there isn't another one like it, and you wouldn't expect another to come along.

Its 23,000+ sqft. plot of land is just about double the size of two recent lot sales at the bottom of Pacific (500 Pacific [$5.700M] and 512…