All Blog Entries by Dave Fratello

What a difference a year makes.

One year ago, local real estate had gone into a deep freeze, induced by the stay-at-home orders meant to limit the spread of COVID-19.

Here are a few ways to look at contrasts since then.

More Q1 Home Sales

The first quarter of 2020 was definitely impacted, as March home sales trailed off. Several homes that were in escrow fell out. Others simply extended to see what the COVID impact on the economy and housing might be.

Q1 2020 was then the worst since 2008-09, and if you're a year, you don't want your econ stats compared to that period.

Fast forward to now, and Q1 2021 was the best since 2007. (Beating 2013 by one closed sale.)

With 87 closed sales, this year's Q1 saw a 47% increase over last

UPDATE:

We seem to have fixed the listings-display issue.

There are a few unexpected error lurking around the edges of the site. We'll keep searching for those bugs as we can and applying any necessary treatments.

ORIGINAL NOTE:

Dear MB Confidential readers, we're having some issues displaying listings in the South Bay right now.

This was a somewhat anticipated issue, as the MLS feed made some changes.

We are working this out and will have repairs up online ASAP!

It's just another beautiful day in paradise. Before you step out and start making plans to tour houses, you can take a first look at the newest options in Manhattan Beach.

Below, click any address link to view all photos and property details. We generally feature listings with 3D tours first.

Listings appearing here come from the whole MB market and may or may not be represented by MB Confidential author Dave Fratello and Edge.

Sand Section

2415 Manhattan Avenue (3br/5ba, 4275 sqft.)

From the official description:

"Have you ever dreamed of owning a home that would provide all the amenities of a world class resort, imagine no more—all the efforts have been done, now all you have to do is enjoy. This masterpiece recently completed is…

Sure, the Sand Section is sexy.

People want to come here to live at the beach.

So, if any one area of town is going to see the most sales of any, it's going to be the Sand, right?

Sometimes.

Though the beach area runs the full 2 miles of the city north to south, it doesn't quite get to the point of representing half the sales activity in town.

In fact, as our new custom chart here shows, the Sand Section has stiff competition from East Manhattan for greatest share of homes sold.

We're looking here at active-market sales activity - a snapshot of new escrows opened in the three months of January-March going back to 2015. The data come from our MB Confidential market updates.

Last year, in Q1, 40% of the homes going into escrow were