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

Dream Location In This Beautifully Updated Home...

RECENT PRICE CUT

317 8th Street

Manhattan Beach, CA

  • 3 BR
  • 3 BA
  • 2,176 SqFt.
  • 2,695 Lot

$4,299,000

Active

DOM: 87

Price:
$4,299,000
BR/BA:
3br / 3ba
Sq. ft.:
2,176
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
87

You Must See This Remodeled Home. It Is Beautif...

RECENT PRICE CUT

1143 23rd Street

Manhattan Beach, CA

  • 3 BR
  • 2 BA
  • 1,764 SqFt.
  • 5,208 Lot

$2,099,000

Active

DOM: 78

Price:
$2,099,000
BR/BA:
3br / 2ba
Sq. ft.:
1,764
Area:
146 - Manhattan Bch Heights/Lib Vlg
City:
Manhattan Beach
DOM:
78
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 2522 The Strand BD/BA 3br/3ba SQFT 2660 sqft LOT 3498 PRICE $8,500,000 $PSF $3,195 DOM 4 DOM START $ $8,900,000 START 09/28/22
Address 54 Village Circle BD/BA 3br/3ba SQFT 2924 sqft LOT 5612 PRICE $2,899,000 $PSF $991 DOM 24 DOM START $ $2,949,000 START 09/08/22
Address 317 8th Street BD/BA 3br/3ba SQFT 2176 sqft LOT 2695 PRICE $4,299,000 $PSF $1,976 DOM 87 DOM START $ $4,575,000 START 07/07/22
Address 3203 Vista Drive BD/BA 5br/5ba SQFT 3178 sqft LOT 1751 PRICE $6,499,000 $PSF $2,045 DOM 53 DOM START $ $6,750,000 START 08/10/22
Address 1143 23rd Street BD/BA 3br/2ba SQFT 1764 sqft LOT 5208 PRICE $2,099,000 $PSF $1,190 DOM 78 DOM START $ $2,395,000 START 07/14/22
Address 3616 Elm Avenue BD/BA 3br/2ba SQFT 1714 sqft LOT 4854 PRICE $1,899,000 $PSF $1,108 DOM 67 DOM START $ $2,300,000 START 07/27/22
Address 2415 Manhattan Avenue BD/BA 3br/5ba SQFT 4275 sqft LOT 2705 PRICE $10,500,000 $PSF $2,456 DOM 122 DOM START $ $10,995,000 START 06/02/22
Address 459 35th Street BD/BA 5br/4ba SQFT 3552 sqft LOT 2701 PRICE $4,199,000 $PSF $1,182 DOM 135 DOM START $ $7,500,000 START 05/20/22
Address 461 35th Street BD/BA 3br/1ba SQFT 1034 sqft LOT 2708 PRICE $2,599,000 $PSF $2,514 DOM 128 DOM START $ $2,999,000 START 05/27/22
Address 229 Seaview Street BD/BA 3br/4ba SQFT 1830 sqft LOT 2701 PRICE $2,570,000 $PSF $1,404 DOM 36 DOM START $ $2,700,000 START 08/27/22
Address 1747 2nd Street BD/BA 3br/2ba SQFT 1442 sqft LOT 6628 PRICE $2,295,000 $PSF $1,592 DOM 83 DOM START $ $2,395,000 START 07/11/22
Address 1170 Shelley Street BD/BA 4br/3ba SQFT 1858 sqft LOT 5343 PRICE $2,275,000 $PSF $1,224 DOM 38 DOM START $ $2,349,000 START 08/25/22
Address 219 N Dianthus Street BD/BA 4br/4ba SQFT 3300 sqft LOT 3352 PRICE $4,100,000 $PSF $1,242 DOM 37 DOM START $ $4,300,000 START 08/26/22
Address 323 S Aviation Boulevard BD/BA 3br/2ba SQFT 1524 sqft LOT 5296 PRICE $1,599,000 $PSF $1,049 DOM 59 DOM START $ $1,749,000 START 07/15/22
Address 513 N Dianthus Street BD/BA 3br/3ba SQFT 2770 sqft LOT 3250 PRICE $3,500,000 $PSF $1,264 DOM 51 DOM START $ $3,600,000 START 08/12/22
Address 931 1st Street BD/BA 2br/1ba SQFT 948 sqft LOT 9595 PRICE $6,500,000 $PSF $6,857 DOM 80 DOM START $ $7,300,000 START 07/14/22
Address 308 Anderson Street BD/BA 4br/4ba SQFT 2632 sqft LOT 3251 PRICE $3,200,000 $PSF $1,216 DOM 81 DOM START $ $3,400,000 START 07/13/22
Address 114 N Poinsettia Avenue BD/BA 6br/6ba SQFT 6400 sqft LOT 6753 PRICE $8,499,000 $PSF $1,328 DOM 115 DOM START $ $9,200,000 START 06/09/22

 

 

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