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

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 757 Manhattan Beach Boulevard BD/BA 2br/3ba SQFT 1986 sqft LOT 7711 PRICE $2,199,000 $PSF $1,107 DOM 47 DOM START $ $2,249,000 START 09/08/21
Address 2917 Vista Drive BD/BA 3br/4ba SQFT 2140 sqft LOT 3499 PRICE $2,599,000 $PSF $1,214 DOM 17 DOM START $ $2,650,000 START 10/06/21
Address 2404 Highland Avenue BD/BA 2br/2ba SQFT 976 sqft LOT 1740 PRICE $1,999,000 $PSF $2,048 DOM 194 DOM START $ $2,250,000 START 03/24/21
Address 2615 Palm Avenue BD/BA 4br/4ba SQFT 3188 sqft LOT 4643 PRICE $3,795,000 $PSF $1,190 DOM 32 DOM START $ $3,995,000 START 09/23/21
Address 224 29th Street BD/BA 5br/6ba SQFT 5219 sqft LOT 3155 PRICE $8,999,000 $PSF $1,724 DOM 160 DOM START $ $9,500,000 START 05/18/21
Address 425 23rd Place BD/BA 4br/3ba SQFT 2040 sqft LOT 1349 PRICE $2,599,000 $PSF $1,274 DOM 45 DOM START $ $2,699,000 START 09/10/21
Address 320 23rd Street BD/BA 3br/4ba SQFT 1783 sqft LOT 2700 PRICE $3,095,000 $PSF $1,736 DOM 35 DOM START $ $3,195,000 START 09/20/21
Address 440 31st Street BD/BA 5br/4ba SQFT 3600 sqft LOT 2694 PRICE $3,850,000 $PSF $1,069 DOM 144 DOM START $ $4,100,000 START 06/03/21
Address 417 2nd Street BD/BA 5br/6ba SQFT 4331 sqft LOT 2691 PRICE $5,650,000 $PSF $1,305 DOM 123 DOM START $ $6,250,000 START 06/24/21
Address 201 15th Street BD/BA 6br/3ba SQFT 2093 sqft LOT 2701 PRICE $3,599,000 $PSF $1,720 DOM 521 DOM START $ $4,550,000 START 04/22/20
Address 200 15th Street BD/BA 7br/6ba SQFT 3084 sqft LOT 2844 PRICE $4,199,000 $PSF $1,362 DOM 521 DOM START $ $4,950,000 START 04/22/20
Address 1145 Fisher Avenue BD/BA 5br/6ba SQFT 4716 sqft LOT 3000 PRICE $5,795,000 $PSF $1,229 DOM 117 DOM START $ $5,999,000 START 06/30/21
Address 2509 Alma Avenue BD/BA 3br/5ba SQFT 2427 sqft LOT 1356 PRICE $4,295,000 $PSF $1,770 DOM 96 DOM START $ $5,195,000 START 06/18/21
Address 1837 11th Street C BD/BA 3br/3ba SQFT 2000 sqft LOT 6501 PRICE $1,469,000 $PSF $735 DOM 93 DOM START $ $1,480,000 START 07/24/21
Address 235 No. Dianthus Street BD/BA 5br/5ba SQFT 5700 sqft LOT 6500 PRICE $7,900,000 $PSF $1,386 DOM 108 DOM START $ $9,300,000 START 06/18/21
Address 868 9th Street BD/BA 5br/6ba SQFT 5526 sqft LOT 5795 PRICE $8,999,000 $PSF $1,628 DOM 129 DOM START $ $9,868,000 START 06/18/21
Address 600 29th Street BD/BA 2br/2ba SQFT 2346 sqft LOT 4200 PRICE $2,675,000 $PSF $1,140 DOM 108 DOM START $ $2,715,000 START 07/09/21
Address 1430 2nd Street BD/BA 3br/3ba SQFT 2283 sqft LOT 13634 PRICE $4,699,000 $PSF $2,058 DOM 87 DOM START $ $4,850,000 START 07/08/21

 

 

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