Here's another look at how new builds are faring in Manhattan Beach. (See last week's post for more details; it's got data and pages of listings that are automatically updated.)
This week, a 2-townhome new construction project in the Sand Section made significant cuts.
Stylish modern 441 23rd St. (4br/4ba,…
Here's another look at how new builds are faring in Manhattan Beach. (See last week's post for more details; it's got data and pages of listings that are automatically updated.)
This week, a 2-townhome new construction project in the Sand Section made significant cuts.
Stylish modern 441 23rd St. (4br/4ba, 2000 sqft.) cut $299K from its start price, and is now at $3.199M.
It was the first cut made on the flagship front unit of the newly developed complex.
Meantime, the twin back unit at 442 23rd Place (4br/4ba, 2020 sqft.) is no stranger to cuts.
With its 3rd cut in 100+ DOM, the rear unit is now down to $2.799M from a start at $3.298M (-$499K).
Over in East Manhattan, a uniquely styled new home at 1801 6th (4br/5ba, 3200 sqft.) emerged 6 months ago at a price more like a full-lot home, though it's situated on a ~5000 sqft. lot.
That was $3.299M to begin.
The home seems constantly to be open to the public, even hosting a Labor Day open house.
You can be open, but it's hard to overcome a pricing issue.
Four cuts later, it's at $2.799M (-$500K), now finally closer to pricing for similarly sized East MB homes.
Note: The style for 1801 6th is labeled in the listing: "transitional modern French farm house," a mouthful.
A Tree Section corner-lot home at 910 28th (5br/6ba, 5035 sqft.) is now at $4.395M.
It began in April with a different address, 2722 N. Ardmore, at $4.999M.
(No, they didn't move the house. The city approved an address change while the house was on the market.)
The asking is down $604K from start.
Nearly the biggest cut on new construction in Manhattan Beach won't look like it to you now.
That's because 409 3rd St. (5br/6ba, 4175 sqft.) has just re-listed to "refresh" it and wipe out the history.
This new home in the South End began in April at $5.795M.
A series of cuts ensued throughout the Summer, bringing it to $4.595M on Tuesday this week.
On Thursday afternoon, the old listing quit, and a new listing was launched Friday at $4.595M with 0 DOM.
That's down $1.200M from start.
The only bigger cut from start that we see is at the Hill Section corner-lot listing at 1026 Pacific (6br/8ba, 7160 sqft.), which has just celebrated a year on the public market.
Its current price of $7.495M is down $1.305M from the MLS start price of $8.800M.
When we first noted it here on the blog in July 2018, it was asking $9.750M in some pre-MLS marketing.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.