Dave Fratello's (davefinmb) Blog

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Real Estate Broker/Owner - Edge Real Estate Agency - CA BRE #01880469
RECENT BLOG POSTS
In my local market of Manhattan Beach, California, covid Year 1 (2020) was a record year in real estate. We ended the year with more than $2.5 billion in homes sold.But last year, 2021, was much, much busier. We sold an extra $1 billion in homes, ending the year at $3.554 billion in sales volume....
01/07/2022
For the first time ever, the median price for homes in Manhattan Beach, California, has hit $3,000,000.It was not so long ago that the median price was in the lower $2M range. Indeed, the median price was largely stable for three years, between 2017-2019, varying slightly from $2.325M-$2.389M.Now...
12/03/2021
The app economy is carving out a new niche: Helping homeowners rent out their homes for ultra-short terms, starting with just an hour at a time.Leading the charge is Cupertino-based HourHome, an app maker that helps connect customers seeking a (very) short stay in a nearby home with a house whose...
04/01/2019
Consumers love automated home valuations.Surely that's why Redfin added its own "Redfin Estimate" tool to listing displays on its app and website.Given the way Redfin became a consumer darling by promoting data and transparency, along with nifty tech, you might think the Redfin Estimate would be ...
01/02/2019
OK OK, this is only Day 1 and the ink isn't even dry yet on the congressional tax reform proposal.But!I've had clients and friends asking for days about it, and I'm getting new inquiries already.So I'll ask: What are YOU saying to clients about the potential impact on housing markets from this pr...
11/02/2017
Oh, the slings and arrows Zillow invites upon itself!The "Instant Offers" controversy led my local board of realtors in Southern California (South Bay) to host a meeting last week to vent the issues.Judging from the tone in the room, agents smell a rat. People suspect they've seen Zillow showing ...
07/17/2017
An agent in my office just had a weird experience.Five buyers offered on a property and all were expected to counter the seller's MCO. But only one did by the stated deadline.My agent friend knows because she presented personally before the 12:00 noon deadline, then sat with the listing agent til...
03/15/2017
It's something new for all of us here in Manhattan Beach, California.A buyer has just closed a purchase of a home with more than $3 million worth of Bitcoin.I wrote up the whole story for this blog post on my MB Confidential blog. Check it out!I really felt for the agent. I mean, you know that yo...
02/28/2017
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Dave Fratello

Broker/blogger based in Manhattan Beach, CA
local_phone310-243-6299
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