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):

Rare Opportunity To Get On The Strand In Manhat...

OPEN HOUSE

4406 The Strand

Manhattan Beach, CA

  • 3 BR
  • 3 BA
  • 2,138 SqFt.
  • N/A Lot

$4,895,000

Active

DOM: 127

Price:
$4,895,000
BR/BA:
3br / 3ba
Sq. ft.:
2,138
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
127

Charming Beach Cottage In Premier 100 Block Loc...

OPEN HOUSE

124 2nd Street

Manhattan Beach, CA

  • 3 BR
  • 2 BA
  • 1,750 SqFt.
  • 2,707 Lot

$6,395,000

Active

DOM: 155

Price:
$6,395,000
BR/BA:
3br / 2ba
Sq. ft.:
1,750
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
155

New Stunning Coastal Modern Beach Townhome With...

OPEN HOUSE

2605 Vista Drive

Manhattan Beach, CA

  • 4 BR
  • 4 BA
  • 2,678 SqFt.
  • N/A Lot

$4,499,000

Active

DOM: 183

Price:
$4,499,000
BR/BA:
4br / 4ba
Sq. ft.:
2,678
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
183

Welcome To This Quintessential Manhattan Beach ...

OPEN HOUSE

901 28th Street

Manhattan Beach, CA

  • 6 BR
  • 8 BA
  • 5,648 SqFt.
  • 6,006 Lot

$5,999,000

Active

DOM: 301

Price:
$5,999,000
BR/BA:
6br / 8ba
Sq. ft.:
5,648
Area:
143 - Manhattan Bch Tree
City:
Manhattan Beach
DOM:
301
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 2701 Manhattan Avenue BD/BA 3br/3ba SQFT 2356 sqft LOT 2556 PRICE $4,650,000 $PSF $1,974 DOM 72 DOM START $ $5,250,000 START 11/22/22
Address 3608 The Strand 1 BD/BA 2br/3ba SQFT 1777 sqft LOT 9334 PRICE $5,700,000 $PSF $3,208 DOM 41 DOM START $ $7,300,000 START 11/25/22
Address 3608 The Strand 2 BD/BA 1br/1ba SQFT 801 sqft LOT 9334 PRICE $2,400,000 $PSF $2,996 DOM 41 DOM START $ $3,600,000 START 11/25/22
Address 3608 The Strand 8 BD/BA 1br/1ba SQFT 907 sqft LOT 9334 PRICE $1,900,000 $PSF $2,095 DOM 41 DOM START $ $2,900,000 START 11/25/22
Address 2606 Pacific Avenue BD/BA 4br/3ba SQFT 3448 sqft LOT 4481 PRICE $2,739,000 $PSF $794 DOM 149 DOM START $ $2,999,888 START 09/06/22
Address 413 9th Street BD/BA 6br/5ba SQFT 3800 sqft LOT 2695 PRICE $6,995,000 $PSF $1,841 DOM 56 DOM START $ $7,000,000 START 10/20/22
Address 1427 5th Street BD/BA 2br/1ba SQFT 756 sqft LOT 7497 PRICE $2,225,000 $PSF $2,943 DOM 26 DOM START $ $2,499,000 START 01/07/23
Address 616 12th Street BD/BA 5br/5ba SQFT 4300 sqft LOT 3008 PRICE $7,329,000 $PSF $1,704 DOM 99 DOM START $ $7,349,000 START 10/26/22
Address 1500 Voorhees Avenue BD/BA 4br/2ba SQFT 1744 sqft LOT 5784 PRICE $1,799,000 $PSF $1,032 DOM 133 DOM START $ $1,825,000 START 09/22/22
Address 4406 The Strand BD/BA 3br/3ba SQFT 2138 sqft LOT 3506 PRICE $4,895,000 $PSF $2,290 DOM 127 DOM START $ $5,249,000 START 09/28/22
Address 513 N Dianthus Street BD/BA 3br/3ba SQFT 2770 sqft LOT 3250 PRICE $3,295,000 $PSF $1,190 DOM 86 DOM START $ $3,349,999 START 11/08/22
Address 124 2nd Street BD/BA 3br/2ba SQFT 1750 sqft LOT 2707 PRICE $6,395,000 $PSF $3,654 DOM 155 DOM START $ $6,875,000 START 08/31/22
Address 200 S Poinsettia Avenue BD/BA 6br/6ba SQFT 5061 sqft LOT 6256 PRICE $7,500,000 $PSF $1,482 DOM 275 DOM START $ $7,999,999 START 04/27/22
Address 1232 2nd Street BD/BA 4br/3ba SQFT 3526 sqft LOT 8258 PRICE $3,299,000 $PSF $936 DOM 95 DOM START $ $3,499,000 START 09/29/22
Address 2605 Vista Drive BD/BA 4br/4ba SQFT 2678 sqft LOT 3496 PRICE $4,499,000 $PSF $1,680 DOM 183 DOM START $ $4,699,000 START 08/03/22
Address 235 N Dianthus Street BD/BA 5br/5ba SQFT 5152 sqft LOT 6501 PRICE $5,999,000 $PSF $1,164 DOM 350 DOM START $ $8,000,000 START 02/17/22
Address 901 28th Street BD/BA 6br/8ba SQFT 5648 sqft LOT 6006 PRICE $5,999,000 $PSF $1,062 DOM 301 DOM START $ $6,249,000 START 04/07/22
Address 2522 The Strand BD/BA 3br/3ba SQFT 2660 sqft LOT 3498 PRICE $8,500,000 $PSF $3,195 DOM 127 DOM START $ $8,900,000 START 09/28/22

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 2704 Laurel Avenue BD/BA 4br/4ba SQFT 3200 sqft LOT 4644 PRICE $3,150,000 $PSF $984 DOM 120 DOM START $ $3,299,000 START 10/05/22
Address 904 Highview Avenue BD/BA 3br/4ba SQFT 3643 sqft LOT 6761 PRICE $7,499,000 $PSF $2,058 DOM 11 DOM START $ $7,499,000 START 01/22/23
Address 769 29th Street BD/BA 5br/4ba SQFT 4457 sqft LOT 5774 PRICE $3,799,000 $PSF $852 DOM 8 DOM START $ $3,799,000 START 01/25/23
Address 210 Larsson Street BD/BA 3br/2ba SQFT 1340 sqft LOT 5158 PRICE $1,985,000 $PSF $1,481 DOM 3 DOM START $ $1,985,000 START 01/26/23
Address 22 Malaga Place BD/BA 2br/2ba SQFT 1449 sqft LOT 3529 PRICE $1,399,000 $PSF $965 DOM 16 DOM START $ $1,399,000 START 01/17/23
Address 461 35th Street BD/BA 3br/1ba SQFT 1034 sqft LOT 2708 PRICE $2,199,000 $PSF $2,127 DOM 251 DOM START $ $2,999,000 START 05/27/22
Address 904 Highview Avenue BD/BA 3br/3ba SQFT 3643 sqft LOT 6761 PRICE $7,499,000 $PSF $2,058 DOM 20 DOM START $ $7,499,000 START 01/13/23
Address 413 5th Street BD/BA 5br/7ba SQFT 4200 sqft LOT 2703 PRICE $7,750,000 $PSF $1,845 DOM 7 DOM START $ $7,750,000 START 01/26/23
Address 26 Santa Cruz Court BD/BA 2br/2ba SQFT 1474 sqft LOT 1799 PRICE $1,474,900 $PSF $1,001 DOM 39 DOM START $ $1,499,900 START 12/25/22
Address 1658 Ruhland Avenue BD/BA 2br/1ba SQFT 819 sqft LOT 7458 PRICE $1,900,000 $PSF $2,320 DOM 66 DOM START $ $2,000,000 START 11/10/22
Address 3316 Vista Drive BD/BA 4br/3ba SQFT 2156 sqft LOT 2697 PRICE $2,995,000 $PSF $1,389 DOM 92 DOM START $ $3,295,000 START 10/20/22
Address 3521 Pine Avenue BD/BA 3br/2ba SQFT 1664 sqft LOT 4638 PRICE $2,200,000 $PSF $1,322 DOM 46 DOM START $ $2,200,000 START 11/17/22
Address 641 13th Street BD/BA 4br/3ba SQFT 1803 sqft LOT 2113 PRICE $2,599,000 $PSF $1,441 DOM 92 DOM START $ $2,900,000 START 10/05/22
Address 3408 Maple Avenue BD/BA 5br/6ba SQFT 3620 sqft LOT 4640 PRICE $3,895,000 $PSF $1,076 DOM 72 DOM START $ $3,989,000 START 10/11/22
Address 1300 11th Street BD/BA 5br/5ba SQFT 4007 sqft LOT 7863 PRICE $4,995,000 $PSF $1,247 DOM 158 DOM START $ $4,995,000 START 08/27/22
Address 1305 Faymont Avenue BD/BA 2br/1ba SQFT 884 sqft LOT 5426 PRICE $1,500,000 $PSF $1,697 DOM 45 DOM START $ $1,500,000 START 10/03/22
Address 34 Bermuda Ct BD/BA 3br/3ba SQFT 2077 sqft LOT 3163 PRICE $1,799,000 $PSF $866 DOM 47 DOM START $ $1,925,000 START 06/15/22
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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