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):

This Completely Remodeled, Popular Corner-unit ...

RECENT PRICE CUT

19 Laguna Court

Manhattan Beach, CA

  • 3 BR
  • 3 BA
  • 1,903 SqFt.
  • 2,760 Lot

$1,399,000

Active

DOM: 28

Price:
$1,399,000
BR/BA:
3br / 3ba
Sq. ft.:
1,903
Area:
East MB
City:
Manhattan Beach
DOM:
28

Experience A Smooth Blend Of Artful Textures An...

RECENT PRICE CUT

709 26th Street

Manhattan Beach, CA

  • 5 BR
  • 6 BA
  • 5,121 SqFt.
  • 5,120 Lot

$4,995,000

Active

DOM: 163

Price:
$4,995,000
BR/BA:
5br / 6ba
Sq. ft.:
5,121
Area:
Tree Section
City:
Manhattan Beach
DOM:
163

Panoramic Ocean View Single Family Home With In...

RECENT PRICE CUT

313 20th Place

Manhattan Beach, CA

  • 3 BR
  • 3 BA
  • 1,961 SqFt.
  • 1,198 Lot

$2,499,000

Active

DOM: 82

Price:
$2,499,000
BR/BA:
3br / 3ba
Sq. ft.:
1,961
Area:
Sand Section
City:
Manhattan Beach
DOM:
82
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 2013 Magnolia Avenue BD/BA 4br/4ba SQFT 3572 sqft LOT 5676 PRICE $2,399,000 $PSF $672 DOM 49 DOM START $ $2,550,000 START 09/11/18
Address 19 Laguna Court BD/BA 3br/3ba SQFT 1903 sqft LOT 2760 PRICE $1,399,000 $PSF $735 DOM 28 DOM START $ $1,495,000 START 10/18/18
Address 644 Manhattan Beach 10 BD/BA 2br/2ba SQFT 841 sqft LOT 10017 PRICE $880,000 $PSF $1,046 DOM 24 DOM START $ $899,000 START 10/22/18
Address 217 9th Street BD/BA 3br/4ba SQFT 1734 sqft LOT 1347 PRICE $3,275,000 $PSF $1,889 DOM 43 DOM START $ $3,475,000 START 10/02/18
Address 709 26th Street BD/BA 5br/6ba SQFT 5121 sqft LOT 5120 PRICE $4,995,000 $PSF $975 DOM 163 DOM START $ $5,495,000 START 06/04/18
Address 229 Rosecrans Place BD/BA 3br/4ba SQFT 2331 sqft LOT 3155 PRICE $2,995,000 $PSF $1,285 DOM 69 DOM START $ $3,299,000 START 09/06/18
Address 1551 Artesia Boulevard 2 BD/BA 3br/3ba SQFT 1800 sqft LOT 6730 PRICE $999,900 $PSF $556 DOM 112 DOM START $ $1,099,990 START 07/25/18
Address 2816 Crest Drive BD/BA 3br/4ba SQFT 1890 sqft LOT 2696 PRICE $2,499,000 $PSF $1,322 DOM 162 DOM START $ $2,890,000 START 06/05/18
Address 228 43rd Street BD/BA 3br/4ba SQFT 2048 sqft LOT 2701 PRICE $2,650,000 $PSF $1,294 DOM 40 DOM START $ $2,750,000 START 10/05/18
Address 1351 Curtis Avenue BD/BA 3br/2ba SQFT 1125 sqft LOT 5152 PRICE $1,399,000 $PSF $1,244 DOM 25 DOM START $ $1,499,000 START 10/20/18
Address 1311 Manhattan Beach Boulevard 2 BD/BA 2br/2ba SQFT 922 sqft LOT 5512 PRICE $749,000 $PSF $812 DOM 19 DOM START $ $799,900 START 10/26/18
Address 313 20th Place BD/BA 3br/3ba SQFT 1961 sqft LOT 1198 PRICE $2,499,000 $PSF $1,274 DOM 82 DOM START $ $2,599,000 START 08/24/18

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 449 29th Street BD/BA 4br/3ba SQFT 3100 sqft LOT 2701 PRICE $2,860,000 $PSF $923 DOM 14 DOM START $ $2,860,000 START 10/31/18
Address 1155 Chestnut Avenue BD/BA 3br/1ba SQFT 889 sqft LOT 4903 PRICE $1,199,000 $PSF $1,349 DOM 40 DOM START $ $1,199,000 START 10/01/18
Address 1821 BD/BA 4br/4ba SQFT 4132 sqft LOT 5060 PRICE $3,298,000 $PSF $798 DOM 8 DOM START $ $3,298,000 START 11/07/18
Address 1220 9th Street BD/BA 4br/3ba SQFT 3085 sqft LOT 6254 PRICE $2,195,000 $PSF $712 DOM 10 DOM START $ $2,195,000 START 10/25/18
Address 424 Rosecrans Avenue BD/BA 3br/3ba SQFT 1800 sqft LOT 2922 PRICE $1,799,000 $PSF $999 DOM 5 DOM START $ $1,799,000 START 11/02/18
Address 452 30th Street BD/BA 3br/4ba SQFT 2392 sqft LOT 2706 PRICE $2,549,000 $PSF $1,066 DOM 8 DOM START $ $2,549,000 START 11/06/18

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