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 1642 2nd Street BD/BA 3br/2ba SQFT 1207 sqft LOT 5122 PRICE $1,799,000 $PSF $1,490 DOM 25 DOM START $ $1,849,000 START 03/22/21
Address 412 20th Street BD/BA 4br/3ba SQFT 2518 sqft LOT 2694 PRICE $3,399,000 $PSF $1,350 DOM 51 DOM START $ $3,500,000 START 02/25/21
Address 3104 Alma Avenue BD/BA 3br/4ba SQFT 2309 sqft LOT 3504 PRICE $2,675,000 $PSF $1,159 DOM 36 DOM START $ $2,749,000 START 03/11/21
Address 1140 Manhattan Beach Boulevard C BD/BA 2br/3ba SQFT 1197 sqft LOT 9562 PRICE $1,149,000 $PSF $960 DOM 52 DOM START $ $1,199,000 START 02/22/21
Address 2217 N Valley Drive BD/BA 4br/3ba SQFT 2855 sqft LOT 6027 PRICE $2,599,000 $PSF $910 DOM 23 DOM START $ $2,750,000 START 03/19/21
Address 200 Gull Street BD/BA 3br/2ba SQFT 1491 sqft LOT 1404 PRICE $1,885,000 $PSF $1,264 DOM 21 DOM START $ $1,998,000 START 03/26/21
Address 1657 Gates Ave BD/BA 4br/5ba SQFT 4197 sqft LOT 7500 PRICE $3,499,000 $PSF $834 DOM 17 DOM START $ $3,695,000 START 03/23/21
Address 1142 23rd Street BD/BA 3br/2ba SQFT 1290 sqft LOT 6002 PRICE $1,699,000 $PSF $1,317 DOM 43 DOM START $ $1,739,000 START 02/20/21
Address 429 31st Street BD/BA 4br/5ba SQFT 4246 sqft LOT 2705 PRICE $3,699,000 $PSF $871 DOM 251 DOM START $ $3,799,000 START 06/24/20
Address 44 Village Circle BD/BA 3br/2ba SQFT 2632 sqft LOT 5301 PRICE $2,499,000 $PSF $949 DOM 148 DOM START $ $2,588,000 START 11/20/20
Address 112 23rd Place BD/BA 3br/4ba SQFT 1946 sqft LOT 2703 PRICE $3,499,000 $PSF $1,798 DOM 174 DOM START $ $3,700,000 START 10/01/20
Address 220 13th Street BD/BA 7br/6ba SQFT 3275 sqft LOT 2673 PRICE $4,699,000 $PSF $1,435 DOM 20 DOM START $ $4,875,000 START 01/24/21
Address 2316 The Strand BD/BA 6br/7ba SQFT 5715 sqft LOT 3503 PRICE $16,500,000 $PSF $2,887 DOM 118 DOM START $ $17,500,000 START 11/25/20
Address 200 15th Street BD/BA 7br/6ba SQFT 3084 sqft LOT 2844 PRICE $4,689,000 $PSF $1,520 DOM 312 DOM START $ $4,950,000 START 04/22/20
Address 201 15th Street BD/BA 6br/3ba SQFT 2093 sqft LOT 2701 PRICE $4,289,000 $PSF $2,049 DOM 312 DOM START $ $4,550,000 START 04/22/20
Address 2615 Crest Drive BD/BA 3br/5ba SQFT 3216 sqft LOT 1752 PRICE $5,999,999 $PSF $1,866 DOM 332 DOM START $ $6,499,000 START 05/01/20
Address 224 32nd Street BD/BA 4br/5ba SQFT 4367 sqft LOT 2698 PRICE $6,999,997 $PSF $1,603 DOM 272 DOM START $ $7,499,000 START 07/17/20
Address 428 Altura Way BD/BA 4br/2ba SQFT 3007 sqft LOT 7915 PRICE $3,248,000 $PSF $1,080 DOM 282 DOM START $ $3,999,000 START 06/04/20

 

 

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