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 1406 Laurel Avenue BD/BA 5br/6ba SQFT 4552 sqft LOT 5992 PRICE $3,950,000 $PSF $868 DOM 108 DOM START $ $4,195,000 START 08/13/20
Address 2605 Alma Avenue 2 BD/BA 3br/3ba SQFT 1392 sqft LOT 2708 PRICE $1,775,000 $PSF $1,275 DOM 68 DOM START $ $1,829,000 START 09/22/20
Address 17 W Malaga Place BD/BA 3br/3ba SQFT 2016 sqft LOT 3044 PRICE $1,575,000 $PSF $781 DOM 40 DOM START $ $1,600,000 START 10/20/20
Address 3607 Bayview Drive BD/BA 3br/2ba SQFT 1725 sqft LOT 1745 PRICE $2,250,000 $PSF $1,304 DOM 53 DOM START $ $2,499,000 START 10/07/20
Address 4216 The Strand BD/BA 5br/6ba SQFT 3825 sqft LOT 3510 PRICE $6,795,000 $PSF $1,776 DOM 45 DOM START $ $7,249,000 START 10/15/20
Address 633 11th Street BD/BA 5br/6ba SQFT 5200 sqft LOT 5664 PRICE $6,750,000 $PSF $1,298 DOM 52 DOM START $ $6,950,000 START 10/09/20
Address 1631 22nd Street BD/BA 3br/2ba SQFT 1224 sqft LOT 4982 PRICE $1,799,500 $PSF $1,470 DOM 90 DOM START $ $1,849,000 START 08/31/20
Address 612 Anderson Street BD/BA 3br/3ba SQFT 1707 sqft LOT 3250 PRICE $2,488,000 $PSF $1,458 DOM 33 DOM START $ $2,574,888 START 10/27/20
Address 101 Highland Avenue BD/BA 4br/4ba SQFT 2050 sqft LOT 2699 PRICE $2,949,000 $PSF $1,439 DOM 100 DOM START $ $2,999,000 START 08/21/20
Address 333 21st Place BD/BA 3br/4ba SQFT 1813 sqft LOT 2694 PRICE $2,600,000 $PSF $1,434 DOM 72 DOM START $ $2,795,000 START 09/18/20
Address 501 36th Pl (aka 500 Rosecrans Av) BD/BA 2br/1ba SQFT 892 sqft LOT 2951 PRICE $1,369,000 $PSF $1,535 DOM 92 DOM START $ $1,399,000 START 08/28/20
Address 1315 8th Street BD/BA 4br/3ba SQFT 3293 sqft LOT 7562 PRICE $2,695,000 $PSF $818 DOM 50 DOM START $ $2,845,000 START 10/10/20
Address 3212 Maple Avenue BD/BA 5br/5ba SQFT 3440 sqft LOT 4638 PRICE $3,299,000 $PSF $959 DOM 58 DOM START $ $3,449,000 START 10/02/20
Address 577 31st Street BD/BA 5br/6ba SQFT 4369 sqft LOT 5025 PRICE $4,299,000 $PSF $984 DOM 198 DOM START $ $4,479,000 START 05/15/20
Address 224 Shell Street BD/BA 4br/3ba SQFT 1736 sqft LOT 1351 PRICE $2,199,000 $PSF $1,267 DOM 221 DOM START $ $2,595,000 START 04/06/20
Address 1320 12th Street 2 BD/BA 2br/2ba SQFT 1257 sqft LOT 7019 PRICE $899,000 $PSF $715 DOM 82 DOM START $ $950,000 START 09/08/20
Address 4114 The Strand BD/BA 4br/6ba SQFT 2250 sqft LOT 3507 PRICE $4,750,000 $PSF $2,111 DOM 100 DOM START $ $5,495,000 START 08/21/20
Address 2615 Crest Drive BD/BA 3br/5ba SQFT 3216 sqft LOT 1752 PRICE $5,999,999 $PSF $1,866 DOM 212 DOM START $ $6,499,000 START 05/01/20

 

 

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