Fall is Price-Cutting Season

By Dave Fratello | October 25th, 2019

It's getting to be that time of year again.

As we reach the end of October and roll into November, the market will cool, just like (presumably, some day) the weather.

428 32nd Street Manhattan Beach CAIf you are still on the market meaning to sell, you'll feel right away that the best options are to (1) make price cuts and (2) try to work out the best deal possible when you've got a buyer on the line.

In the past 7 days in Manhattan Beach, we have seen:

6 new listings

15 price cuts

3 listings quit the market

One of those to quit was featured here only last week. 329 4th had just made a big cut to $200K under acquisition (June 2019 acquisition) and seemed to be putting out a call for all offers ASAP. (See "Big Cuts Might Draw Offers.") Instead, they're off the MLS now.

Below are the Manhattan Beach listings with the most recent cuts, updated automatically (email subscribers will need to view this post online to see the list):

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 200 Ingleside Drive BD/BA 4br/5ba SQFT 4914 sqft LOT 2691 PRICE $3,250,000 $PSF $661 DOM 44 DOM START $ $3,450,000 START 12/12/19
Address 1776 Voorhees Avenue BD/BA 3br/2ba SQFT 1622 sqft LOT 4855 PRICE $1,599,000 $PSF $986 DOM 18 DOM START $ $1,599,900 START 01/07/20
Address 628 35th Street BD/BA 4br/2ba SQFT 1912 sqft LOT 5403 PRICE $2,099,000 $PSF $1,098 DOM 78 DOM START $ $2,399,000 START 11/04/19
Address 2509 Poinsettia Avenue BD/BA 5br/4ba SQFT 3294 sqft LOT 4481 PRICE $2,949,000 $PSF $895 DOM 68 DOM START $ $2,995,000 START 11/01/19
Address 3215 Vista Drive BD/BA 3br/4ba SQFT 2400 sqft LOT 3500 PRICE $2,499,000 $PSF $1,041 DOM 93 DOM START $ $2,599,000 START 10/24/19
Address 811 1st Street BD/BA 3br/2ba SQFT 1596 sqft LOT 5126 PRICE $2,999,999 $PSF $1,880 DOM 295 DOM START $ $3,250,000 START 04/05/19
Address 432 Marine Avenue BD/BA 3br/4ba SQFT 2041 sqft LOT 2709 PRICE $2,699,000 $PSF $1,322 DOM 48 DOM START $ $2,799,000 START 12/08/19
Address 441 1st Street BD/BA 5br/4ba SQFT 4676 sqft LOT 2799 PRICE $3,499,000 $PSF $748 DOM 72 DOM START $ $3,699,999 START 11/13/19
Address 28 Westport BD/BA 4br/3ba SQFT 2778 sqft LOT 5383 PRICE $2,650,000 $PSF $954 DOM 166 DOM START $ $2,800,000 START 08/12/19
Address 1651 23rd Street BD/BA 3br/2ba SQFT 1208 sqft LOT 4972 PRICE $1,425,000 $PSF $1,180 DOM 78 DOM START $ $1,450,000 START 11/08/19
Address 127 16th Street BD/BA 5br/3ba SQFT 2157 sqft LOT 2700 PRICE $5,999,000 $PSF $2,781 DOM 184 DOM START $ $7,200,000 START 07/25/19
Address 2304 The Strand BD/BA 3br/3ba SQFT 2360 sqft LOT 3497 PRICE $7,950,000 $PSF $3,369 DOM 347 DOM START $ $9,950,000 START 01/18/19
Address 3400 The Strand BD/BA 5br/6ba SQFT 5478 sqft LOT 3502 PRICE $15,900,000 $PSF $2,903 DOM 166 DOM START $ $16,750,000 START 08/12/19
Address 204 Anderson Street BD/BA 3br/3ba SQFT 1800 sqft LOT 3253 PRICE $2,495,000 $PSF $1,386 DOM 88 DOM START $ $2,550,000 START 10/29/19
Address 328 19th Street BD/BA 5br/5ba SQFT 4107 sqft LOT 2698 PRICE $5,395,000 $PSF $1,314 DOM 163 DOM START $ $5,795,000 START 07/29/19
Address 460 29th Street BD/BA 4br/6ba SQFT 3852 sqft LOT 2708 PRICE $3,995,000 $PSF $1,037 DOM 184 DOM START $ $4,200,000 START 07/25/19
Address 3419 Bayview Drive BD/BA 4br/4ba SQFT 3385 sqft LOT 1891 PRICE $3,999,995 $PSF $1,182 DOM 116 DOM START $ $4,300,000 START 09/19/19
Address 1246 10th BD/BA 6br/6ba SQFT 7000 sqft LOT 7500 PRICE $5,295,000 $PSF $756 DOM 194 DOM START $ $5,495,000 START 07/15/19

(The listing photo featured at the top is for 428 32nd, recently down $180K to $3.999M.)

You can see every active listing with a price cut (newest first) on this page: Newest Price Cuts

Now, there are buyers out there.

Here's a list (automatically updated) of 15 of the latest new escrows:

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 216 Marine Avenue BD/BA 3br/4ba SQFT 1951 sqft LOT 2710 PRICE $3,975,000 $PSF $2,037 DOM 64 DOM START $ $3,975,000 START 11/21/19
Address 861 12th Court BD/BA 3br/2ba SQFT 1187 sqft LOT 5015 PRICE $2,150,000 $PSF $1,811 DOM 9 DOM START $ $2,150,000 START 01/16/20
Address 732 13th Street BD/BA 3br/2ba SQFT 1912 sqft LOT 3006 PRICE $2,250,000 $PSF $1,177 DOM 248 DOM START $ $2,327,000 START 04/29/19
Address 2600 Flournoy Road BD/BA 4br/3ba SQFT 1625 sqft LOT 5120 PRICE $2,295,000 $PSF $1,412 DOM 5 DOM START $ $2,295,000 START 01/20/20
Address 225 25th Street BD/BA 5br/4ba SQFT 2563 sqft LOT 2708 PRICE $4,399,000 $PSF $1,716 DOM 158 DOM START $ $4,900,000 START 08/20/19
Address 417 31st Street BD/BA 1br/1ba SQFT 590 sqft LOT 1351 PRICE $1,500,000 $PSF $2,542 DOM 19 DOM START $ $1,500,000 START 01/06/20
Address 13 Lafayette Court BD/BA 3br/3ba SQFT 1916 sqft LOT 0 PRICE $1,499,000 $PSF $782 DOM 107 DOM START $ $1,499,000 START 10/10/19
Address 2416 Elm Avenue BD/BA 4br/3ba SQFT 2054 sqft LOT 5229 PRICE $1,999,000 $PSF $973 DOM 50 DOM START $ $1,999,000 START 12/06/19
Address 1305 Church Street BD/BA 4br/5ba SQFT 3095 sqft LOT 3173 PRICE $2,898,999 $PSF $937 DOM 100 DOM START $ $2,899,000 START 10/17/19
Address 1226 3rd Street BD/BA 6br/5ba SQFT 4000 sqft LOT 6269 PRICE $3,590,000 $PSF $898 DOM 20 DOM START $ $3,590,000 START 01/05/20
Address 1800 11th Street BD/BA 3br/3ba SQFT 2056 sqft LOT 7458 PRICE $1,799,000 $PSF $875 DOM 44 DOM START $ $1,799,000 START 12/12/19
Address 3408 Maple Avenue BD/BA 2br/1ba SQFT 1029 sqft LOT 4640 PRICE $1,499,000 $PSF $1,457 DOM 52 DOM START $ $1,750,000 START 12/04/19
Address 1437 23rd Street BD/BA 3br/4ba SQFT 2300 sqft LOT 7019 PRICE $2,549,000 $PSF $1,108 DOM 118 DOM START $ $2,850,000 START 09/11/19
Address 5 Lafayette Court BD/BA 2br/2ba SQFT 1474 sqft LOT 1734 PRICE $1,115,000 $PSF $756 DOM 83 DOM START $ $1,115,000 START 10/14/19
Address 1300 Curtis Avenue BD/BA 3br/2ba SQFT 1393 sqft LOT 5172 PRICE $1,398,000 $PSF $1,004 DOM 52 DOM START $ $1,498,000 START 08/12/19

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