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 3412 Walnut Avenue BD/BA 4br/4ba SQFT 3560 sqft LOT 4588 PRICE $3,999,000 $PSF $1,123 DOM 59 DOM START $ $4,250,000 START 02/19/21
Address 421 1st Street BD/BA 4br/5ba SQFT 4081 sqft LOT 2710 PRICE $3,999,999 $PSF $980 DOM 209 DOM START $ $4,500,000 START 09/22/20
Address 865 3rd Street BD/BA 4br/5ba SQFT 4372 sqft LOT 5700 PRICE $5,599,000 $PSF $1,281 DOM 159 DOM START $ $5,999,000 START 11/10/20
Address 1642 2nd Street BD/BA 3br/2ba SQFT 1207 sqft LOT 5122 PRICE $1,799,000 $PSF $1,490 DOM 25 DOM START $ $1,849,000 START 03/22/21
Address 412 20th Street BD/BA 4br/3ba SQFT 2518 sqft LOT 2694 PRICE $3,399,000 $PSF $1,350 DOM 53 DOM START $ $3,500,000 START 02/25/21
Address 3104 Alma Avenue BD/BA 3br/4ba SQFT 2309 sqft LOT 3504 PRICE $2,675,000 $PSF $1,159 DOM 36 DOM START $ $2,749,000 START 03/11/21
Address 1140 Manhattan Beach Boulevard C BD/BA 2br/3ba SQFT 1197 sqft LOT 9562 PRICE $1,149,000 $PSF $960 DOM 52 DOM START $ $1,199,000 START 02/22/21
Address 2217 N Valley Drive BD/BA 4br/3ba SQFT 2855 sqft LOT 6027 PRICE $2,599,000 $PSF $910 DOM 23 DOM START $ $2,750,000 START 03/19/21
Address 200 Gull Street BD/BA 3br/2ba SQFT 1491 sqft LOT 1404 PRICE $1,885,000 $PSF $1,264 DOM 21 DOM START $ $1,998,000 START 03/26/21
Address 1657 Gates Ave BD/BA 4br/5ba SQFT 4197 sqft LOT 7500 PRICE $3,499,000 $PSF $834 DOM 17 DOM START $ $3,695,000 START 03/23/21
Address 429 31st Street BD/BA 4br/5ba SQFT 4246 sqft LOT 2705 PRICE $3,699,000 $PSF $871 DOM 298 DOM START $ $3,799,000 START 06/24/20
Address 112 23rd Place BD/BA 3br/4ba SQFT 1946 sqft LOT 2703 PRICE $3,499,000 $PSF $1,798 DOM 174 DOM START $ $3,700,000 START 10/01/20
Address 220 13th Street BD/BA 7br/6ba SQFT 3275 sqft LOT 2673 PRICE $4,699,000 $PSF $1,435 DOM 20 DOM START $ $4,875,000 START 01/24/21
Address 2316 The Strand BD/BA 6br/7ba SQFT 5715 sqft LOT 3503 PRICE $16,500,000 $PSF $2,887 DOM 118 DOM START $ $17,500,000 START 11/25/20
Address 201 15th Street BD/BA 6br/3ba SQFT 2093 sqft LOT 2701 PRICE $4,289,000 $PSF $2,049 DOM 312 DOM START $ $4,550,000 START 04/22/20
Address 200 15th Street BD/BA 7br/6ba SQFT 3084 sqft LOT 2844 PRICE $4,689,000 $PSF $1,520 DOM 312 DOM START $ $4,950,000 START 04/22/20
Address 2615 Crest Drive BD/BA 3br/5ba SQFT 3216 sqft LOT 1752 PRICE $5,999,999 $PSF $1,866 DOM 332 DOM START $ $6,499,000 START 05/01/20
Address 224 32nd Street BD/BA 4br/5ba SQFT 4367 sqft LOT 2698 PRICE $6,999,997 $PSF $1,603 DOM 272 DOM START $ $7,499,000 START 07/17/20

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 571 33rd Street BD/BA 2br/3ba SQFT 1176 sqft LOT 5396 PRICE $1,999,999 $PSF $1,701 DOM 12 DOM START $ $1,999,999 START 04/07/21
Address 1847 11th Street BD/BA 3br/3ba SQFT 1887 sqft LOT 6500 PRICE $1,679,000 $PSF $890 DOM 18 DOM START $ $1,679,000 START 04/01/21
Address 1142 23rd Street BD/BA 3br/2ba SQFT 1290 sqft LOT 6002 PRICE $1,699,000 $PSF $1,317 DOM 47 DOM START $ $1,739,000 START 02/20/21
Address 1135 18th Street BD/BA 4br/5ba SQFT 3459 sqft LOT 5001 PRICE $3,195,000 $PSF $924 DOM 24 DOM START $ $3,250,000 START 03/15/21
Address 29 Fairway Drive BD/BA 3br/3ba SQFT 1752 sqft LOT 2567 PRICE $1,699,000 $PSF $970 DOM 28 DOM START $ $1,699,000 START 03/19/21
Address 1317 Curtis Avenue BD/BA 5br/6ba SQFT 3500 sqft LOT 5156 PRICE $3,495,000 $PSF $999 DOM 4 DOM START $ $3,495,000 START 04/14/21
Address 1345 Voorhees Avenue BD/BA 3br/2ba SQFT 1751 sqft LOT 5768 PRICE $1,980,000 $PSF $1,131 DOM 7 DOM START $ $1,980,000 START 04/09/21
Address 711 Larsson Street BD/BA 4br/3ba SQFT 1787 sqft LOT 6875 PRICE $2,999,999 $PSF $1,679 DOM 9 DOM START $ $2,999,999 START 04/07/21
Address 2912 Palm Avenue BD/BA 4br/4ba SQFT 3101 sqft LOT 4645 PRICE $3,799,000 $PSF $1,225 DOM 30 DOM START $ $3,799,000 START 03/04/21
Address 541 4th Street BD/BA 4br/4ba SQFT 3596 sqft LOT 2697 PRICE $3,995,000 $PSF $1,111 DOM 16 DOM START $ $3,895,000 START 03/30/21
Address 706 N Dianthus Street BD/BA 5br/4ba SQFT 3650 sqft LOT 5161 PRICE $3,200,000 $PSF $877 DOM 13 DOM START $ $3,200,000 START 04/02/21
Address 1750 Ruhland Avenue BD/BA 5br/6ba SQFT 4241 sqft LOT 7505 PRICE $3,200,000 $PSF $755 DOM 5 DOM START $ $3,200,000 START 04/09/21
Address 641 35th Street BD/BA 5br/4ba SQFT 3802 sqft LOT 5403 PRICE $3,295,000 $PSF $867 DOM 33 DOM START $ $3,458,900 START 03/12/21
Address 444 9th Street BD/BA 3br/3ba SQFT 2294 sqft LOT 2706 PRICE $3,000,000 $PSF $1,308 DOM 6 DOM START $ $3,000,000 START 04/08/21
Address 518 24th Street BD/BA 2br/1ba SQFT 982 sqft LOT 2694 PRICE $2,299,000 $PSF $2,341 DOM 34 DOM START $ $2,299,000 START 03/09/21
Address 940 Rosecrans Avenue BD/BA 5br/4ba SQFT 3239 sqft LOT 5975 PRICE $2,295,000 $PSF $709 DOM 50 DOM START $ $2,295,000 START 02/22/21
Address 412 Marine Avenue BD/BA 3br/2ba SQFT 1250 sqft LOT 2706 PRICE $2,650,000 $PSF $2,120 DOM 4 DOM START $ $2,650,000 START 04/06/21
Address 117 17th Street BD/BA 3br/4ba SQFT 3813 sqft LOT 2700 PRICE $8,399,000 $PSF $2,203 DOM 144 DOM START $ $8,399,000 START 11/19/20
Address 437 27th Street BD/BA 4br/4ba SQFT 2250 sqft LOT 1542 PRICE $2,850,000 $PSF $1,267 DOM 46 DOM START $ $2,850,000 START 02/23/21
Address 17 Malaga Place BD/BA 3br/3ba SQFT 2016 sqft LOT 3044 PRICE $1,545,000 $PSF $766 DOM 38 DOM START $ $1,545,000 START 03/02/21
Address 229 Aviation Place BD/BA 3br/3ba SQFT 1758 sqft LOT 59679 PRICE $1,198,000 $PSF $681 DOM 12 DOM START $ $1,198,000 START 04/01/21
Address 1905 Manzanita Lane BD/BA 4br/2ba SQFT 1844 sqft LOT 5402 PRICE $1,998,000 $PSF $1,084 DOM 64 DOM START $ $2,048,000 START 02/03/21
Address 2301 Vista Drive BD/BA 3br/4ba SQFT 2423 sqft LOT 3497 PRICE $3,125,000 $PSF $1,290 DOM 84 DOM START $ $3,299,000 START 01/25/21
Address 1710 10th Street BD/BA 5br/5ba SQFT 4266 sqft LOT 7503 PRICE $3,000,000 $PSF $703 DOM 6 DOM START $ $3,000,000 START 04/07/21
Address 1724 Walnut Avenue BD/BA 4br/3ba SQFT 3324 sqft LOT 4486 PRICE $2,895,000 $PSF $871 DOM 9 DOM START $ $2,895,000 START 03/29/21
Address 417 27th Street BD/BA 3br/3ba SQFT 1688 sqft LOT 1691 PRICE $2,679,000 $PSF $1,587 DOM 55 DOM START $ $2,679,000 START 02/10/21
Address 1501 8th Street BD/BA 3br/2ba SQFT 1227 sqft LOT 4788 PRICE $1,650,000 $PSF $1,345 DOM 2 DOM START $ $1,650,000 START 04/04/21
Address 1148 N Poinsettia Avenue BD/BA 3br/3ba SQFT 1977 sqft LOT 4470 PRICE $1,996,000 $PSF $1,010 DOM 35 DOM START $ $1,990,000 START 02/17/21
Address 417 20th Place BD/BA 3br/4ba SQFT 2155 sqft LOT 2699 PRICE $2,379,000 $PSF $1,104 DOM 2 DOM START $ $2,379,000 START 04/03/21
Address 1161 Duncan Drive BD/BA 5br/4ba SQFT 3213 sqft LOT 20871 PRICE $4,550,000 $PSF $1,416 DOM 10 DOM START $ $4,550,000 START 04/01/21
Address 2100 Oak Avenue BD/BA 3br/3ba SQFT 2268 sqft LOT 4480 PRICE $1,949,000 $PSF $859 DOM 114 DOM START $ $2,300,000 START 12/09/20
Address 1151 N Meadows Avenue BD/BA 4br/3ba SQFT 1812 sqft LOT 5001 PRICE $1,699,900 $PSF $938 DOM 24 DOM START $ $1,699,900 START 03/10/21
Address 3212 Maple Avenue BD/BA 5br/5ba SQFT 3440 sqft LOT 4638 PRICE $3,199,000 $PSF $930 DOM 9 DOM START $ $3,199,000 START 03/24/21
Address 217 1st Street BD/BA 3br/4ba SQFT 1900 sqft LOT 2703 PRICE $4,199,000 $PSF $2,210 DOM 24 DOM START $ $4,199,000 START 03/08/21
Address 539 23rd Street BD/BA 5br/4ba SQFT 3253 sqft LOT 3633 PRICE $3,799,000 $PSF $1,168 DOM 9 DOM START $ $3,799,000 START 03/23/21
Address 1350 Gates Avenue BD/BA 6br/6ba SQFT 3516 sqft LOT 5148 PRICE $2,800,000 $PSF $796 DOM 6 DOM START $ $2,800,000 START 03/25/21
Address 2801 Palm Avenue BD/BA 5br/5ba SQFT 3246 sqft LOT 4643 PRICE $3,399,000 $PSF $1,047 DOM 0 DOM START $ $3,399,000 START 03/30/21
Address 2312 N Poinsettia Avenue BD/BA 5br/6ba SQFT 4426 sqft LOT 4458 PRICE $3,495,000 $PSF $790 DOM 140 DOM START $ $3,895,000 START 11/10/20
Address 23 Laguna Court BD/BA 3br/3ba SQFT 1916 sqft LOT 1867 PRICE $1,399,000 $PSF $730 DOM 7 DOM START $ $1,399,000 START 03/23/21
Address 1406 Laurel Avenue BD/BA 5br/6ba SQFT 4552 sqft LOT 5992 PRICE $3,995,000 $PSF $878 DOM 0 DOM START $ $3,995,000 START 03/09/21
Address 3312 Palm Avenue BD/BA 2br/1ba SQFT 1176 sqft LOT 4640 PRICE $1,675,000 $PSF $1,424 DOM 0 DOM START $ $1,675,000 START 11/30/-1
Address 673 17th Street BD/BA 4br/3ba SQFT 2083 sqft LOT 4981 PRICE $3,299,000 $PSF $1,584 DOM 5 DOM START $ $3,299,000 START 03/24/21
Address 1 Nantucket Place BD/BA 3br/3ba SQFT 2042 sqft LOT 3565 PRICE $1,599,000 $PSF $783 DOM 7 DOM START $ $1,599,000 START 03/21/21
Address 1605 Harkness BD/BA 3br/2ba SQFT 1501 sqft LOT 5293 PRICE $1,899,000 $PSF $1,265 DOM 17 DOM START $ $1,899,000 START 03/17/21
Address 1327 1st Street BD/BA 5br/4ba SQFT 3825 sqft LOT 5004 PRICE $2,699,000 $PSF $706 DOM 17 DOM START $ $2,699,000 START 03/09/21
Address 200 38th Street BD/BA 3br/4ba SQFT 1802 sqft LOT 2701 PRICE $2,799,998 $PSF $1,554 DOM 15 DOM START $ $2,799,998 START 03/10/21
Address 579 29th Street BD/BA 5br/5ba SQFT 3446 sqft LOT 4801 PRICE $3,595,000 $PSF $1,043 DOM 5 DOM START $ $3,595,000 START 03/19/21
Address 1900 Lynngrove Drive BD/BA 5br/6ba SQFT 3525 sqft LOT 5808 PRICE $3,299,000 $PSF $936 DOM 7 DOM START $ $3,299,000 START 03/15/21

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