All Blog Entries by Dave Fratello

In the thick of downtown, there's a modern-style townhome that has been up and down.

Most recently, up.

It's 1211 Bayview (4br/4ba, 2350 sqft.).

Built in 2006 in a warm-modern style, the product disappointed in its first sale, fetching $2.345M after starting out at $2.850M (-$505K / -18%).

But that was in 2007-08, a strange time, to be sure, in this market.

The sale actually closed in June 2008, right before the market tumbled, and this property probably lost 10% or more in value quickly afterward.

But hang on, and you shall be rewarded.

The owners stuck around for 7 years.

Upon resale, the sellers scored. 

In Sept. 2015, only 5 DOM were counted before the property was in escrow. The sale at $3.600M showed the modern townhome,

We will definitely call it a surprise to see nearly a dozen new listings right here, firmly within the month of November.

Maybe word's out that it's a busy year?

Below, click any address link to view all photos and property details. Listings appearing here come from the whole MB market and may or may not be represented by MB Confidential author Dave Fratello and Edge.

Tree Section

3528 N Poinsettia Avenue (3bd/2ba, 1571 sqft.)

From the official description:

“Absolutely beautiful home in Manhattan Beach Tree Section. This modern, yet warm home was taken down to the studs and rebuilt with no detail spared. Thoughtful design elements are apparent throughout. As you enter the the home you are greeted with an open concept space that…

Wherever you look in statistics, one of the most unique features you might find is a long series of stable data, followed by a jump.

It's the "hockey stick," a sudden rise in the data being plotted.

Right now, we've got a hockey stick right here in Manhattan Beach.

It's in the amount of money plunked down for real estate in our city in just the past 12 months.

At the end of October, that figure stood at $3.552 billion.

With a B.

It's nearly double the dollar volume for Manhattan Beach home sales at the recent, depressed point of June 2020, when the prior 12 months' worth of sales stood at only $1.862B. Notably, that low point last year was "missing" the Spring market of 2020, where March-May sales were steeply depressed by pandemic

Another sign that things are back... the kids will be out and about for real this Halloween.

And not just the kids. Check out all that's going on around MB on Saturday/Sunday in this piece from our sister publication, DigMB.com: "Here's Your Guide to Halloween Weekend in Manhattan Beach." (Hint: Golf cart parades are very much a thing now!)

And while we want you to get out and about around town, we don't have a ton of new listings in town here to mention. Just 3 new listings emerged in MB this week, and only two are open. 

A more generous 16 total MB listings are open this weekend, per this list. (Which you can also find by clicking "open houses" at the top of the site.)

Below, click any address link to view all photos and property details.…