Most of the Action is Cuts & Dropouts

By Dave Fratello | November 6th, 2018

714 N Dianthus Street Manhattan Beach CANovember is beginning to take shape as expected in the local real estate market.

More listings are either cutting or quitting than coming to market.

New deals are harder to come by.

Soon, the election will be over, Turkey Day will be upon us and much of the real estate market will go into a restless slumber.

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

6 new listings

5 new deals (escrows)

12 price cuts (1 via re-listing)

5 listings dropping out, at least temporarily, by going "on hold," withdrawing or expiring

Pictured above is 714 N. Dianthus, new construction in the Hill Section, which just cut $200K in Week 4 on the market.

Here are the 12 most recent price cuts (email subscribers will need to view this post online to see the list and links):

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 2804 The Strand BD/BA 3br/4ba SQFT 2932 sqft LOT 3481 PRICE $13,499,000 $PSF $4,604 DOM 230 DOM START $ $16,499,000 START 09/29/21
Address 1323 17th Street 2 BD/BA 4br/4ba SQFT 3653 sqft LOT 7007 PRICE $2,250,000 $PSF $616 DOM 39 DOM START $ $2,495,000 START 04/08/22
Address 2617 Vista Drive BD/BA 4br/4ba SQFT 2630 sqft LOT 3494 PRICE $4,999,999 $PSF $1,901 DOM 43 DOM START $ $5,199,000 START 04/04/22
Address 1420 Elm Avenue BD/BA 5br/4ba SQFT 3432 sqft LOT 4203 PRICE $3,899,999 $PSF $1,136 DOM 26 DOM START $ $4,000,000 START 04/21/22
Address 1145 Fisher Avenue BD/BA 5br/6ba SQFT 5014 sqft LOT 3000 PRICE $5,495,000 $PSF $1,096 DOM 82 DOM START $ $5,795,000 START 02/24/22
Address 235 N Dianthus Street BD/BA 5br/5ba SQFT 5152 sqft LOT 6501 PRICE $7,499,000 $PSF $1,456 DOM 89 DOM START $ $8,000,000 START 02/17/22
Address 201 15th Street BD/BA 6br/3ba SQFT 2093 sqft LOT 2701 PRICE $3,799,000 $PSF $1,815 DOM 666 DOM START $ $4,550,000 START 04/22/20

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

We have noted this rule before. If you've got a listing out there in November/December, and you decide to keep it going, it's because you want to sell.

Some sellers finally begin to see in November that they may not have a deal yet because of price. Hence all the cutting.

If, as a seller, you don't like the environment at this point, you drop out or let the listing expire. Be ready to fight another day.

Sales are happening here and there, of course. It's not all crickets out there before Turkey Day.

Below are the most recently posted deals/new escrows.

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 429 21st Place BD/BA 3br/4ba SQFT 2000 sqft LOT 2696 PRICE $2,699,000 $PSF $1,350 DOM 2 DOM START $ $2,699,000 START 05/11/22
Address 1756 Gates Avenue BD/BA 5br/5ba SQFT 4342 sqft LOT 7509 PRICE $3,299,000 $PSF $760 DOM 10 DOM START $ $3,299,000 START 05/03/22
Address 301 Homer St BD/BA 3br/4ba SQFT 2350 sqft LOT 3359 PRICE $3,999,000 $PSF $1,702 DOM 12 DOM START $ $3,999,000 START 05/05/22
Address 2913 N Poinsettia Avenue BD/BA 5br/4ba SQFT 3170 sqft LOT 4645 PRICE $3,750,000 $PSF $1,183 DOM 8 DOM START $ $3,750,000 START 05/04/22
Address 32 Cayman Court BD/BA 3br/3ba SQFT 1876 sqft LOT 2417 PRICE $1,550,000 $PSF $826 DOM 13 DOM START $ $1,550,000 START 04/29/22
Address 469 27th Street BD/BA 3br/4ba SQFT 2450 sqft LOT 1549 PRICE $2,999,999 $PSF $1,224 DOM 5 DOM START $ $2,999,999 START 05/02/22
Address 3002 Laurel Avenue BD/BA 5br/6ba SQFT 3250 sqft LOT 4640 PRICE $4,295,000 $PSF $1,322 DOM 12 DOM START $ $4,295,000 START 05/05/22
Address 705 35th Street BD/BA 4br/4ba SQFT 2957 sqft LOT 5402 PRICE $2,800,000 $PSF $947 DOM 19 DOM START $ $2,800,000 START 04/28/22
Address 200 40th Street BD/BA 4br/5ba SQFT 2468 sqft LOT 1706 PRICE $5,299,999 $PSF $2,147 DOM 115 DOM START $ $5,499,999 START 01/22/22
Address 1901 Lynngrove Drive BD/BA 5br/4ba SQFT 3269 sqft LOT 5768 PRICE $3,599,000 $PSF $1,101 DOM 5 DOM START $ $3,599,000 START 05/05/22
Address 750 29th Street BD/BA 6br/8ba SQFT 4835 sqft LOT 4803 PRICE $5,995,000 $PSF $1,240 DOM 32 DOM START $ $5,995,000 START 04/15/22
Address 1521 Artesia Boulevard D BD/BA 2br/3ba SQFT 1638 sqft LOT 6744 PRICE $1,299,000 $PSF $793 DOM 20 DOM START $ $1,299,000 START 04/27/22
Address 1219 17th Street BD/BA 5br/4ba SQFT 3515 sqft LOT 5958 PRICE $3,999,999 $PSF $1,138 DOM 20 DOM START $ $3,999,999 START 04/27/22
Address 221 36th Street BD/BA 3br/4ba SQFT 1948 sqft LOT 1353 PRICE $3,695,000 $PSF $1,897 DOM 40 DOM START $ $3,695,000 START 04/07/22
Address 220 42nd Street BD/BA 3br/2ba SQFT 1455 sqft LOT 1356 PRICE $1,950,000 $PSF $1,340 DOM 21 DOM START $ $1,950,000 START 04/26/22
Address 3601 Bayview Drive BD/BA 3br/4ba SQFT 3090 sqft LOT 1744 PRICE $6,499,000 $PSF $2,103 DOM 19 DOM START $ $6,499,000 START 04/28/22
Address 3009 Manhattan Avenue BD/BA 4br/5ba SQFT 2700 sqft LOT 1353 PRICE $5,999,000 $PSF $2,222 DOM 90 DOM START $ $6,300,000 START 02/16/22
Address 1550 Gates Avenue BD/BA 5br/5ba SQFT 4336 sqft LOT 7499 PRICE $3,450,000 $PSF $796 DOM 8 DOM START $ $3,450,000 START 04/21/22
Address 502 Rosecrans Avenue B BD/BA 2br/3ba SQFT 1677 sqft LOT 5992 PRICE $1,799,000 $PSF $1,073 DOM 43 DOM START $ $1,799,000 START 04/04/22
Address 137 15th Street BD/BA 2br/2ba SQFT 888 sqft LOT 1347 PRICE $2,499,000 $PSF $2,814 DOM 20 DOM START $ $2,499,000 START 04/22/22
Address 615 Aviation Way BD/BA 3br/3ba SQFT 1850 sqft LOT 7500 PRICE $1,659,000 $PSF $897 DOM 2 DOM START $ $1,659,000 START 04/24/22
Address 611 Aviation Way BD/BA 3br/3ba SQFT 1850 sqft LOT 7500 PRICE $1,729,000 $PSF $935 DOM 5 DOM START $ $1,729,000 START 04/21/22
Address 615 23rd Street BD/BA 5br/6ba SQFT 4388 sqft LOT 4404 PRICE $5,999,000 $PSF $1,367 DOM 6 DOM START $ $5,999,000 START 04/21/22
Address 3603 Manhattan Avenue BD/BA 3br/4ba SQFT 1912 sqft LOT 2705 PRICE $3,499,000 $PSF $1,830 DOM 70 DOM START $ $3,499,000 START 01/30/22
Address 1637 1st Street BD/BA 3br/2ba SQFT 1402 sqft LOT 4993 PRICE $1,775,000 $PSF $1,266 DOM 0 DOM START $ $1,775,000 START 04/12/22
Address 3008 N Ardmore Avenue BD/BA 3br/2ba SQFT 1906 sqft LOT 7490 PRICE $3,299,000 $PSF $1,731 DOM 32 DOM START $ $3,299,000 START 04/15/22
Address 812 5th Street BD/BA 6br/7ba SQFT 5576 sqft LOT 7124 PRICE $9,500,000 $PSF $1,704 DOM 34 DOM START $ $10,500,000 START 03/18/22
Address 1642 5th Street BD/BA 2br/2ba SQFT 814 sqft LOT 7501 PRICE $2,400,000 $PSF $2,948 DOM 47 DOM START $ $2,600,000 START 03/27/22
Address 212 41st Street BD/BA 3br/2ba SQFT 1543 sqft LOT 1350 PRICE $2,120,000 $PSF $1,374 DOM 6 DOM START $ $2,120,000 START 04/07/22
Address 227 Aviation Pl BD/BA 3br/3ba SQFT 1646 sqft LOT 0 PRICE $1,250,000 $PSF $759 DOM 20 DOM START $ $1,250,000 START 03/23/22
Address 1501 Artesia Boulevard J BD/BA 2br/3ba SQFT 1183 sqft LOT 11365 PRICE $1,200,000 $PSF $1,014 DOM 47 DOM START $ $1,188,000 START 03/31/22
Address 1142 21st Street BD/BA 3br/2ba SQFT 1760 sqft LOT 4992 PRICE $2,450,000 $PSF $1,392 DOM 91 DOM START $ $2,499,000 START 02/10/22
Address 2812 Oak Avenue BD/BA 4br/3ba SQFT 3843 sqft LOT 4486 PRICE $2,799,000 $PSF $728 DOM 33 DOM START $ $2,799,000 START 03/29/22
Address 2105 N. Meadows Ave BD/BA 4br/3ba SQFT 2269 sqft LOT 5004 PRICE $2,599,000 $PSF $1,145 DOM 47 DOM START $ $2,599,000 START 03/31/22
Address 1202 Tennyson Street 8 BD/BA 3br/3ba SQFT 1750 sqft LOT 13120 PRICE $1,349,000 $PSF $771 DOM 54 DOM START $ $1,349,000 START 03/24/22
Address 465 33rd Street BD/BA 3br/2ba SQFT 1396 sqft LOT 4045 PRICE $3,299,000 $PSF $2,363 DOM 54 DOM START $ $3,350,000 START 01/31/22
Address 1636 2nd Street BD/BA 5br/5ba SQFT 3553 sqft LOT 5109 PRICE $3,950,000 $PSF $1,112 DOM 161 DOM START $ $3,850,000 START 12/07/21
Address 577 36th Street BD/BA 5br/5ba SQFT 4000 sqft LOT 5334 PRICE $4,249,000 $PSF $1,062 DOM 0 DOM START $ $4,249,000 START 11/30/-1
Address 614 The Strand BD/BA 4br/3ba SQFT 2128 sqft LOT 3406 PRICE $13,000,000 $PSF $6,109 DOM 76 DOM START $ $13,000,000 START 03/04/19
Address 220 11th Street BD/BA 4br/4ba SQFT 2256 sqft LOT 2709 PRICE $4,500,000 $PSF $1,995 DOM 19 DOM START $ $5,000,000 START 04/20/18
Address 1825 Pacific Avenue BD/BA 4br/5ba SQFT 3350 sqft LOT 4778 PRICE $4,250,000 $PSF $1,269 DOM 0 DOM START $ $4,250,000 START 12/27/21

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