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):

Dream Location In This Beautifully Updated Home...

RECENT PRICE CUT
Photo of Listing #SB22148792

317 8th Street

Manhattan Beach, CA

  • 3 BR
  • 3 BA
  • 2,176 SqFt.
  • 2,695 Lot

$4,299,000

Active

DOM: 87

Price:
$4,299,000
BR/BA:
3br / 3ba
Sq. ft.:
2,176
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
87

You Must See This Remodeled Home. It Is Beautif...

RECENT PRICE CUT
Photo of Listing #SB22154787

1143 23rd Street

Manhattan Beach, CA

  • 3 BR
  • 2 BA
  • 1,764 SqFt.
  • 5,208 Lot

$2,099,000

Active

DOM: 78

Price:
$2,099,000
BR/BA:
3br / 2ba
Sq. ft.:
1,764
Area:
146 - Manhattan Bch Heights/Lib Vlg
City:
Manhattan Beach
DOM:
78
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 2522 The Strand BD/BA 3br/3ba SQFT 2660 sqft LOT 3498 PRICE $8,500,000 $PSF $3,195 DOM 4 DOM START $ $8,900,000 START 09/28/22
Address 54 Village Circle BD/BA 3br/3ba SQFT 2924 sqft LOT 5612 PRICE $2,899,000 $PSF $991 DOM 24 DOM START $ $2,949,000 START 09/08/22
Address 317 8th Street BD/BA 3br/3ba SQFT 2176 sqft LOT 2695 PRICE $4,299,000 $PSF $1,976 DOM 87 DOM START $ $4,575,000 START 07/07/22
Address 3203 Vista Drive BD/BA 5br/5ba SQFT 3178 sqft LOT 1751 PRICE $6,499,000 $PSF $2,045 DOM 53 DOM START $ $6,750,000 START 08/10/22
Address 1143 23rd Street BD/BA 3br/2ba SQFT 1764 sqft LOT 5208 PRICE $2,099,000 $PSF $1,190 DOM 78 DOM START $ $2,395,000 START 07/14/22
Address 3616 Elm Avenue BD/BA 3br/2ba SQFT 1714 sqft LOT 4854 PRICE $1,899,000 $PSF $1,108 DOM 67 DOM START $ $2,300,000 START 07/27/22
Address 2415 Manhattan Avenue BD/BA 3br/5ba SQFT 4275 sqft LOT 2705 PRICE $10,500,000 $PSF $2,456 DOM 122 DOM START $ $10,995,000 START 06/02/22
Address 459 35th Street BD/BA 5br/4ba SQFT 3552 sqft LOT 2701 PRICE $4,199,000 $PSF $1,182 DOM 135 DOM START $ $7,500,000 START 05/20/22
Address 461 35th Street BD/BA 3br/1ba SQFT 1034 sqft LOT 2708 PRICE $2,599,000 $PSF $2,514 DOM 128 DOM START $ $2,999,000 START 05/27/22
Address 229 Seaview Street BD/BA 3br/4ba SQFT 1830 sqft LOT 2701 PRICE $2,570,000 $PSF $1,404 DOM 36 DOM START $ $2,700,000 START 08/27/22
Address 1747 2nd Street BD/BA 3br/2ba SQFT 1442 sqft LOT 6628 PRICE $2,295,000 $PSF $1,592 DOM 83 DOM START $ $2,395,000 START 07/11/22
Address 1170 Shelley Street BD/BA 4br/3ba SQFT 1858 sqft LOT 5343 PRICE $2,275,000 $PSF $1,224 DOM 38 DOM START $ $2,349,000 START 08/25/22
Address 219 N Dianthus Street BD/BA 4br/4ba SQFT 3300 sqft LOT 3352 PRICE $4,100,000 $PSF $1,242 DOM 37 DOM START $ $4,300,000 START 08/26/22
Address 323 S Aviation Boulevard BD/BA 3br/2ba SQFT 1524 sqft LOT 5296 PRICE $1,599,000 $PSF $1,049 DOM 59 DOM START $ $1,749,000 START 07/15/22
Address 513 N Dianthus Street BD/BA 3br/3ba SQFT 2770 sqft LOT 3250 PRICE $3,500,000 $PSF $1,264 DOM 51 DOM START $ $3,600,000 START 08/12/22
Address 931 1st Street BD/BA 2br/1ba SQFT 948 sqft LOT 9595 PRICE $6,500,000 $PSF $6,857 DOM 80 DOM START $ $7,300,000 START 07/14/22
Address 308 Anderson Street BD/BA 4br/4ba SQFT 2632 sqft LOT 3251 PRICE $3,200,000 $PSF $1,216 DOM 81 DOM START $ $3,400,000 START 07/13/22
Address 114 N Poinsettia Avenue BD/BA 6br/6ba SQFT 6400 sqft LOT 6753 PRICE $8,499,000 $PSF $1,328 DOM 115 DOM START $ $9,200,000 START 06/09/22

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 1421 12th Street 2 BD/BA 2br/3ba SQFT 1337 sqft LOT 7497 PRICE $1,225,000 $PSF $916 DOM 17 DOM START $ $1,250,000 START 09/15/22
Address 1612 11th St BD/BA 3br/2ba SQFT 1407 sqft LOT 7500 PRICE $2,150,000 $PSF $1,528 DOM 9 DOM START $ $2,150,000 START 09/21/22
Address 817 Pacific Avenue BD/BA 3br/2ba SQFT 1510 sqft LOT 6254 PRICE $5,499,000 $PSF $3,642 DOM 143 DOM START $ $6,050,000 START 05/12/22
Address 2606 Pacific Avenue BD/BA 4br/3ba SQFT 3448 sqft LOT 4481 PRICE $2,999,888 $PSF $870 DOM 26 DOM START $ $2,999,888 START 09/06/22
Address 121 15th Street BD/BA 3br/4ba SQFT 1900 sqft LOT 2699 PRICE $3,950,000 $PSF $2,079 DOM 34 DOM START $ $3,950,000 START 08/29/22
Address 1441 9th Street BD/BA 5br/4ba SQFT 3422 sqft LOT 7501 PRICE $3,599,000 $PSF $1,052 DOM 4 DOM START $ $3,599,000 START 09/23/22
Address 1305 18th Street BD/BA 5br/4ba SQFT 3948 sqft LOT 7000 PRICE $4,150,000 $PSF $1,051 DOM 10 DOM START $ $4,150,000 START 09/22/22
Address 1446 23rd Street BD/BA 3br/2ba SQFT 1175 sqft LOT 7495 PRICE $2,399,000 $PSF $2,042 DOM 26 DOM START $ $2,399,000 START 09/06/22
Address 2617 Vista Drive BD/BA 4br/4ba SQFT 2810 sqft LOT 3494 PRICE $4,699,000 $PSF $1,672 DOM 107 DOM START $ $4,950,000 START 06/16/22
Address 3612 Ocean Drive 3 BD/BA 2br/3ba SQFT 1178 sqft LOT 2706 PRICE $1,750,000 $PSF $1,486 DOM 25 DOM START $ $1,750,000 START 09/07/22
Address 1191 Tennyson Street BD/BA 3br/2ba SQFT 1518 sqft LOT 5335 PRICE $1,899,000 $PSF $1,251 DOM 27 DOM START $ $1,899,000 START 08/06/22
Address 763 11th Street BD/BA 5br/6ba SQFT 4961 sqft LOT 6404 PRICE $7,650,000 $PSF $1,542 DOM 74 DOM START $ $8,000,000 START 07/20/22
Address 1535 Nelson Avenue BD/BA 5br/6ba SQFT 4750 sqft LOT 7494 PRICE $4,999,999 $PSF $1,053 DOM 122 DOM START $ $5,499,000 START 06/02/22
Address 3108 N Poinsettia Avenue BD/BA 3br/3ba SQFT 2218 sqft LOT 4638 PRICE $3,199,000 $PSF $1,442 DOM 24 DOM START $ $3,199,000 START 09/08/22
Address 656 Rosecrans Avenue BD/BA 3br/2ba SQFT 1432 sqft LOT 3659 PRICE $1,749,000 $PSF $1,221 DOM 94 DOM START $ $1,849,000 START 06/30/22
Address 14 Malaga Place East BD/BA 2br/2ba SQFT 1450 sqft LOT 4512 PRICE $1,650,000 $PSF $1,138 DOM 6 DOM START $ $1,650,000 START 09/07/22
Address 3404 The Strand BD/BA 0br/0ba SQFT 0 sqft LOT 3507 PRICE $13,989,000 $PSF DOM 108 DOM START $ $14,250,000 START 06/16/22
Address 3404 The Strand BD/BA 8br/8ba SQFT 5568 sqft LOT 3507 PRICE $13,989,000 $PSF $2,512 DOM 109 DOM START $ $14,250,000 START 06/15/22
Address 1544 Mathews Avenue BD/BA 3br/2ba SQFT 1211 sqft LOT 7479 PRICE $1,850,000 $PSF $1,528 DOM 11 DOM START $ $1,850,000 START 08/30/22
Address 1560 1st Street BD/BA 6br/6ba SQFT 4650 sqft LOT 7500 PRICE $4,999,999 $PSF $1,075 DOM 101 DOM START $ $5,289,000 START 06/23/22
Address 2100 John St BD/BA 5br/6ba SQFT 5400 sqft LOT 5693 PRICE $6,795,000 $PSF $1,258 DOM 87 DOM START $ $6,999,500 START 04/15/22
Address 6 Cambridge BD/BA 3br/2ba SQFT 2080 sqft LOT 8242 PRICE $2,500,000 $PSF $1,202 DOM 18 DOM START $ $2,500,000 START 08/15/22
Address 204 38th Street BD/BA 3br/2ba SQFT 1041 sqft LOT 1354 PRICE $2,299,000 $PSF $2,208 DOM 8 DOM START $ $2,299,000 START 08/25/22
Address 4 Bermuda Court BD/BA 2br/2ba SQFT 1465 sqft LOT 1706 PRICE $1,399,000 $PSF $955 DOM 115 DOM START $ $1,495,000 START 06/09/22
Address 114 S Herrin Avenue BD/BA 3br/2ba SQFT 1601 sqft LOT 4316 PRICE $2,099,995 $PSF $1,312 DOM 9 DOM START $ $2,099,995 START 08/24/22
Address 221 33rd Street BD/BA 3br/3ba SQFT 1723 sqft LOT 1347 PRICE $2,989,000 $PSF $1,735 DOM 105 DOM START $ $3,495,000 START 05/19/22
Address 214 El Porto Street BD/BA 1br/2ba SQFT 480 sqft LOT 1480 PRICE $1,599,000 $PSF $3,331 DOM 155 DOM START $ $1,599,000 START 04/30/22
Address 2615 N Valley Drive BD/BA 5br/4ba SQFT 2850 sqft LOT 4665 PRICE $3,099,000 $PSF $1,087 DOM 16 DOM START $ $3,099,000 START 08/02/22
Address 2515 Alma Avenue BD/BA 5br/5ba SQFT 3882 sqft LOT 4052 PRICE $3,500,000 $PSF $902 DOM 75 DOM START $ $3,500,000 START 05/19/22
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 3108 Vista Drive BD/BA 3br/4ba SQFT 2000 sqft LOT 1345 PRICE $3,249,999 $PSF $1,625 DOM 14 DOM START $ $3,249,999 START 07/05/22
Address 3213 Pine Ave BD/BA 5br/5ba SQFT 3281 sqft LOT 4641 PRICE $4,000,000 $PSF $1,219 DOM 9 DOM START $ $4,000,000 START 07/12/22
Address 600 Anderson Street BD/BA 3br/3ba SQFT 2025 sqft LOT 7151 PRICE $4,699,000 $PSF $2,320 DOM 139 DOM START $ $4,699,000 START 05/12/22
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
Address 4018 The Strand BD/BA 3br/5ba SQFT 3115 sqft LOT 0 PRICE $7,600,000 $PSF $2,440 DOM 0 DOM START $ $7,600,000 START 09/19/22

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