Cutting Before the Fall Rush

By Dave Fratello | August 27th, 2019

Your listing ran all Summer. Maybe you had some showings and interest, maybe not.

The reality is, the local real estate market could change next week, and the field will likely look a lot different by mid-September. New listings are coming.

What do you do now?

About 10% of the listings on the market have cut just in just the past week.

Among them:

608 15th Street Manhattan Beach CA608 15th (5br/6ba, 5050 sqft.)

This was a Mediterranean and now has a Spanish flavor. Location very near Martyrs. Large home featuring some ocean views (for real).

This one was purchased for $4.438M in March '17 before some stylistic updates.

Launched early in 2019 at $5.300M, it has now made its 4th cut of the year (including a re-list) to $4.695M.

1411 Pacific Avenue Manhattan Beach CA1411 Pacific (4br/3ba, 2000 sqft.)

This is a charming throwback 1960s home with additions and very recent modernization to kitchen, baths and more.

Location across from Pacific school and close to town is compelling.

The start price of $2.299M in late June looked just about right, but Summer didn't produce a sale.

Now at $2.199M.

316 10th (4br/5ba, 4120 sqft.)

316 10th Street Manhattan Beach CAThis walkstreet modern has an extremely long history of trying to sell and not selling.

Last year, it was offered as a BK sale and everyone was assured this was really the time it was going to sell. No.

Earlier this year in 2 separate listings, it was offered and everyone was told this was truly the time.

In a way, someone was right. The bank bought it. The home foreclosed in early July, with the trustee's sale showing $3.357M.

Now it's an REO going to "auction," first listed at $4.429M and adjusted last week to $3.999M.

The BK listing last year was at $3.900M and that didn't trade. But they're trying again in different circumstances.

1021 33rd Street Manhattan Beach CA1021 33rd (5br/4ba, 4100 sqft.)

This is a unique Mediterranean-become-Spanish in a surprisingly private location on an unusual lot.

33rd St. in this case is a tiny segment where Ardmore meets Oak before the light at Sepulveda.

This one launched at $3.799M and has trimmed back to $3.299M over 7 weeks.

1305 Church Street Manhattan Beach CA1305 Church (4br/5ba, 3100 sqft.)

This custom Spanish beauty on a smallish South Martyrs lot is one of our favorite homes on the market in the past few months.

It's a specific fit but compelling.

Emerging in late June at $3.099M, it's now down to $2.899M after 2 months.

Oh and there's one outlier...

933 8th Street Manhattan Beach CA933 8th (5br/4ba, 3175 sqft.) has raised it price.

The fixer/lot sale in the Hill Section sold quickly early this year for $3.275M.

Perhaps the buyers changed their minds, because they became sellers.

They first listed the home for resale at $3.199M last week.

Then they changed strategy and price, raising it $400K to $3.599M. We'll see how that goes.

Below we'll display (on the website, not in email) all of the latest listings with price cuts in Manhattan Beach.

This list automatically updates.

Latest Price Cuts in Manhattan Beach

This Custom Home Sits On A Sprawling 11,999 Sf ...

RECENT PRICE CUT

853 10th Street

Manhattan Beach, CA

  • 7 BR
  • 10 BA
  • 7,606 SqFt.
  • 11,999 Lot

$8,199,999

Active

DOM: 75

Price:
$8,199,999
BR/BA:
7br / 10ba
Sq. ft.:
7,606
Area:
144 - Manhattan Bch Hill
City:
Manhattan Beach
DOM:
75
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 235 No. Dianthus Street BD/BA 5br/5ba SQFT 5700 sqft LOT 6500 PRICE $8,400,000 $PSF $1,474 DOM 47 DOM START $ $9,300,000 START 06/18/21
Address 124 11th Street BD/BA 4br/5ba SQFT 3966 sqft LOT 2711 PRICE $8,750,000 $PSF $2,206 DOM 20 DOM START $ $9,450,000 START 07/15/21
Address 1461 Manhattan Beach Boulevard B BD/BA 2br/2ba SQFT 1299 sqft LOT 5509 PRICE $1,090,000 $PSF $839 DOM 21 DOM START $ $1,110,000 START 06/30/21
Address 200 15th Street BD/BA 7br/6ba SQFT 3084 sqft LOT 2844 PRICE $4,399,000 $PSF $1,426 DOM 439 DOM START $ $4,950,000 START 04/22/20
Address 201 15th Street BD/BA 6br/3ba SQFT 2093 sqft LOT 2701 PRICE $3,899,000 $PSF $1,863 DOM 439 DOM START $ $4,550,000 START 04/22/20
Address 651 15th Street BD/BA 3br/2ba SQFT 1696 sqft LOT 4967 PRICE $2,699,000 $PSF $1,591 DOM 65 DOM START $ $2,849,000 START 05/05/21
Address 1904 Manzanita Lane BD/BA 3br/2ba SQFT 1820 sqft LOT 5398 PRICE $2,149,000 $PSF $1,181 DOM 20 DOM START $ $2,199,000 START 07/15/21
Address 228 20th Street BD/BA 5br/5ba SQFT 4144 sqft LOT 2700 PRICE $5,845,000 $PSF $1,410 DOM 47 DOM START $ $5,995,000 START 06/15/21
Address 853 10th Street BD/BA 7br/10ba SQFT 7606 sqft LOT 11999 PRICE $8,199,999 $PSF $1,078 DOM 75 DOM START $ $8,688,000 START 05/21/21
Address 600 26th Street BD/BA 3br/2ba SQFT 1400 sqft LOT 4481 PRICE $1,950,000 $PSF $1,393 DOM 30 DOM START $ $2,150,000 START 07/05/21
Address 2509 Alma Avenue BD/BA 3br/5ba SQFT 2427 sqft LOT 1356 PRICE $4,799,000 $PSF $1,977 DOM 14 DOM START $ $5,195,000 START 06/18/21
Address 428 Altura Way BD/BA 4br/2ba SQFT 3007 sqft LOT 7915 PRICE $3,199,000 $PSF $1,064 DOM 426 DOM START $ $3,999,000 START 06/04/20
Address 417 2nd Street BD/BA 5br/6ba SQFT 4331 sqft LOT 2691 PRICE $5,950,000 $PSF $1,374 DOM 41 DOM START $ $6,250,000 START 06/24/21
Address 440 31st Street BD/BA 5br/4ba SQFT 3600 sqft LOT 2694 PRICE $3,999,000 $PSF $1,111 DOM 62 DOM START $ $4,100,000 START 06/03/21
Address 465 33rd Street BD/BA 3br/2ba SQFT 1396 sqft LOT 4045 PRICE $3,149,000 $PSF $2,256 DOM 68 DOM START $ $3,399,000 START 05/28/21
Address 870 Rosecrans Avenue BD/BA 3br/3ba SQFT 1894 sqft LOT 5971 PRICE $1,899,900 $PSF $1,003 DOM 89 DOM START $ $2,249,000 START 05/07/21
Address 2615 N Valley Drive BD/BA 5br/4ba SQFT 2774 sqft LOT 4665 PRICE $2,799,000 $PSF $1,009 DOM 90 DOM START $ $2,875,000 START 05/06/21
Address 757 Manhattan Beach Boulevard BD/BA 2br/3ba SQFT 1986 sqft LOT 7711 PRICE $2,325,000 $PSF $1,171 DOM 88 DOM START $ $2,375,000 START 05/08/21

 

 

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