Half of Current Listings Have Price Cuts

It's that time of year when the local real estate market is always slower, but some number of listings persists.

There are two sides of the coin, after all. When the market's slower and there are fewer listings, maybe your listing could stand out!?! So maybe stay on the market?

Those that do remain are likely to have been on market long enough to take a price cut. Indeed, about half of all today's 57 active listings - 28 as of Tuesday morning - have taken a cut from their debut asking prices.

If you go to our regular link to view Manhattan Beach home listings with price cuts, you'll see 24 listings total. (We'll also display all of them down below in this post, but you must be on the website to see them. They do not show up in email.)

There are also 4 more listings that have re-listed for various reasons, and at first glance might appear not to have any price cuts. The re-listing process largely blocks your ability as a consumer to view the past, higher prices, because the data feed generally displays only current listing info.

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PLEASE NOTE: Below, we discuss listings on the Manhattan Beach market. They are listed and brokered by a variety of agents and firms. The name of the listing broker and agent for each property, along with any contact information supplied through the MLS, is displayed with each property, next to the price. Blog author Dave Fratello of Edge Real Estate Agency is not the listing agent unless so stated with the listing. Any observations, comments and analyses about listings represent the professional judgments and opinions of the author, Dave Fratello, not the listing brokers or agents. Please see our blog disclaimer.

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Opportunities in this Market

Buyers are wise to look closely at the market at this time of year to seek out opportunities.

You might be banking on price declines next year, but what about homes now on the market that are already cutting prices? Can you get "next year's price" today?

Buyer clients with whom we were working for a solid year recently had that experience. After a rough year where deals of any kind were hard to come by, we reached out to our clients to see if there was anything still on the market that they liked. Maybe it would be worth a closer look at some, to see if sellers were flexible?

Soon after, they were in escrow on a property that had recently made one cut, where the sellers were, in fact, flexible to go down a bit further.

It's best to work with a local agent who specializes in working with buyers in Manhattan Beach and the South Bay. If that's what you need, please reach out to Dave Fratello. He and the Edge team will be honored to earn your business and help you achieve your goals.

Inventory with Cuts Today

The four current listings now listed for less than before:

513 N. Dianthus (3br/3ba, 2770 sqft.)

This Hill Section remodel was first listed in August at $3.600M with an out-of-area agent, but that listing canceled.

A local agent is now involved, and the listing is currently asking $3.295M.

(Listed by Edward Kaminsky, eXp Realty of California, Inc.)

459 35th (5br/4ba, 3552 sqft.)

This North End Sand Section SFR was first offered in May along with a neighboring cottage. Then the cottage was dropped, and the asking changed to $4.499M, before later cuts.

The current listing, begun in late October, is at $3.999M.

(Listed by John Corrales, Compass)

3408 Maple (5br/6ba, 3620 sqft.)

This modern Tree Section new construction home first emerged in July at $4.600M. That listing later canceled.

The current listing is asking $3.988M.

(Listed by Sahar Moghadam, ALIGN HOMES)

400 10th (4br/3ba, 2964 sqft.)

Here's a South End walkstreet home in a traditional style that just hasn't quite yet found its match.

It began in August at $5.200M and dropped from there. With a new agent, it recently re-listed at $4.695M.

(Listed by Gary Richardson, Strand Hill Christies International Real Estate)

Here's an updated display of homes on the market in Manhattan Beach that show price cuts in the current listing. At the time of our post, there were 24 listings in the display. The system will auto-update as any listings take new cuts or go off the market.

Click any property to see full listing information, including listing agent and broker info.

Current Manhattan Beach Listings with Price Cuts

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