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

Price Just Reduced For A Prime East Manhattan B...

RECENT PRICE CUT

1427 5th Street

Manhattan Beach, CA

  • 2 BR
  • 1 BA
  • 756 SqFt.
  • 7,497 Lot

$2,225,000

Active

DOM: 22

Price:
$2,225,000
BR/BA:
2br / 1ba
Sq. ft.:
756
Area:
147 - Manhattan Bch Mira Costa
City:
Manhattan Beach
DOM:
22

Step Into The Future Of Innovative Design And F...

RECENT PRICE CUT

616 12th Street

Manhattan Beach, CA

  • 5 BR
  • 5 BA
  • 4,300 SqFt.
  • 3,008 Lot

$7,329,000

Active

DOM: 95

Price:
$7,329,000
BR/BA:
5br / 5ba
Sq. ft.:
4,300
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
95
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 3608 The Strand 8 BD/BA 1br/1ba SQFT 907 sqft LOT 9334 PRICE $1,900,000 $PSF $2,095 DOM 37 DOM START $ $2,900,000 START 11/25/22
Address 3608 The Strand 1 BD/BA 2br/3ba SQFT 1777 sqft LOT 9334 PRICE $5,700,000 $PSF $3,208 DOM 37 DOM START $ $7,300,000 START 11/25/22
Address 3608 The Strand 2 BD/BA 1br/1ba SQFT 801 sqft LOT 9334 PRICE $2,300,000 $PSF $2,871 DOM 37 DOM START $ $3,600,000 START 11/25/22
Address 2606 Pacific Avenue BD/BA 4br/3ba SQFT 3448 sqft LOT 4481 PRICE $2,739,000 $PSF $794 DOM 145 DOM START $ $2,999,888 START 09/06/22
Address 413 9th Street BD/BA 6br/5ba SQFT 3800 sqft LOT 2695 PRICE $6,995,000 $PSF $1,841 DOM 52 DOM START $ $7,000,000 START 10/20/22
Address 1427 5th Street BD/BA 2br/1ba SQFT 756 sqft LOT 7497 PRICE $2,225,000 $PSF $2,943 DOM 22 DOM START $ $2,499,000 START 01/07/23
Address 26 Santa Cruz Court BD/BA 2br/2ba SQFT 1474 sqft LOT 1799 PRICE $1,474,900 $PSF $1,001 DOM 35 DOM START $ $1,499,900 START 12/25/22
Address 461 35th Street BD/BA 3br/1ba SQFT 1034 sqft LOT 2708 PRICE $2,199,000 $PSF $2,127 DOM 247 DOM START $ $2,999,000 START 05/27/22
Address 616 12th Street BD/BA 5br/5ba SQFT 4300 sqft LOT 3008 PRICE $7,329,000 $PSF $1,704 DOM 95 DOM START $ $7,349,000 START 10/26/22
Address 3316 Vista Drive BD/BA 4br/3ba SQFT 2156 sqft LOT 2697 PRICE $2,995,000 $PSF $1,389 DOM 88 DOM START $ $3,295,000 START 10/20/22
Address 1500 Voorhees Avenue BD/BA 4br/2ba SQFT 1744 sqft LOT 5784 PRICE $1,799,000 $PSF $1,032 DOM 129 DOM START $ $1,825,000 START 09/22/22
Address 4406 The Strand BD/BA 3br/3ba SQFT 2138 sqft LOT 3506 PRICE $4,895,000 $PSF $2,290 DOM 123 DOM START $ $5,249,000 START 09/28/22
Address 513 N Dianthus Street BD/BA 3br/3ba SQFT 2770 sqft LOT 3250 PRICE $3,295,000 $PSF $1,190 DOM 82 DOM START $ $3,349,999 START 11/08/22
Address 1658 Ruhland Avenue BD/BA 2br/1ba SQFT 819 sqft LOT 7458 PRICE $1,900,000 $PSF $2,320 DOM 41335 DOM START $ $2,000,000 START 11/10/22
Address 124 2nd Street BD/BA 3br/2ba SQFT 1750 sqft LOT 2707 PRICE $6,395,000 $PSF $3,654 DOM 151 DOM START $ $6,875,000 START 08/31/22
Address 200 S Poinsettia Avenue BD/BA 6br/6ba SQFT 5061 sqft LOT 6256 PRICE $7,500,000 $PSF $1,482 DOM 271 DOM START $ $7,999,999 START 04/27/22
Address 2704 Laurel Avenue BD/BA 4br/4ba SQFT 3200 sqft LOT 4644 PRICE $3,150,000 $PSF $984 DOM 116 DOM START $ $3,299,000 START 10/05/22
Address 1232 2nd Street BD/BA 4br/3ba SQFT 3526 sqft LOT 8258 PRICE $3,299,000 $PSF $936 DOM 91 DOM START $ $3,499,000 START 09/29/22

 

 

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