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 Gorgeous, Sun-filled, Impeccably Designed ...

RECENT PRICE CUT
Photo of Listing #SB20022769

443 23rd Place

Manhattan Beach, CA

  • 3 BR
  • 4 BA
  • 2,460 SqFt.
  • N/A Lot

$2,869,000

Active

DOM: 22

Price:
$2,869,000
BR/BA:
3br / 4ba
Sq. ft.:
2,460
Area:
Sand Section
City:
Manhattan Beach
DOM:
22

Situated On The North Side Of One Of The Most D...

RECENT PRICE CUT
Photo of Listing #SB19269469

659 18th Street

Manhattan Beach, CA

  • 4 BR
  • 3 BA
  • 4,037 SqFt.
  • 6,260 Lot

$4,299,000

Active

DOM: 79

Price:
$4,299,000
BR/BA:
4br / 3ba
Sq. ft.:
4,037
Area:
Tree Section
City:
Manhattan Beach
DOM:
79
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 443 23rd Place BD/BA 3br/4ba SQFT 2460 sqft LOT 3382 PRICE $2,869,000 $PSF $1,166 DOM 22 DOM START $ $2,919,000 START 02/06/20
Address 1021 33rd Street BD/BA 5br/4ba SQFT 3987 sqft LOT 7046 PRICE $2,899,000 $PSF $727 DOM 99 DOM START $ $3,799,999 START 07/10/19
Address 717 10th Street BD/BA 5br/4ba SQFT 4266 sqft LOT 5814 PRICE $4,575,000 $PSF $1,072 DOM 36 DOM START $ $4,675,000 START 01/23/20
Address 2211 Vista Drive BD/BA 3br/4ba SQFT 2250 sqft LOT 3509 PRICE $2,679,000 $PSF $1,191 DOM 22 DOM START $ $2,799,000 START 02/06/20
Address 659 18th Street BD/BA 4br/3ba SQFT 4037 sqft LOT 6260 PRICE $4,299,000 $PSF $1,065 DOM 79 DOM START $ $4,499,000 START 11/14/19
Address 432 Marine Avenue BD/BA 3br/4ba SQFT 2041 sqft LOT 2709 PRICE $2,649,000 $PSF $1,298 DOM 79 DOM START $ $2,799,000 START 12/08/19
Address 3621 Alma Avenue BD/BA 4br/3ba SQFT 2515 sqft LOT 1497 PRICE $2,295,000 $PSF $913 DOM 196 DOM START $ $2,395,000 START 08/16/19
Address 1631 21st Street BD/BA 5br/5ba SQFT 3747 sqft LOT 4988 PRICE $2,650,000 $PSF $707 DOM 56 DOM START $ $2,785,000 START 01/03/20
Address 1619 9th Street BD/BA 5br/6ba SQFT 4948 sqft LOT 7507 PRICE $4,390,000 $PSF $887 DOM 115 DOM START $ $4,790,000 START 10/10/19
Address 3516 Manhattan Avenue BD/BA 4br/4ba SQFT 2570 sqft LOT 3498 PRICE $4,349,000 $PSF $1,692 DOM 43 DOM START $ $4,499,000 START 01/16/20
Address 504 1st Street BD/BA 5br/7ba SQFT 5400 sqft LOT 5293 PRICE $6,249,000 $PSF $1,157 DOM 109 DOM START $ $6,499,000 START 10/31/19
Address 2104 Flournoy Road BD/BA 5br/5ba SQFT 4300 sqft LOT 8617 PRICE $5,995,000 $PSF $1,394 DOM 38 DOM START $ $6,995,000 START 01/21/20
Address 216 13th Street BD/BA 5br/5ba SQFT 4620 sqft LOT 2706 PRICE $7,499,000 $PSF $1,623 DOM 85 DOM START $ $7,999,000 START 12/05/19
Address 2100 Wendy Way BD/BA 2br/1ba SQFT 1091 sqft LOT 5503 PRICE $1,599,000 $PSF $1,466 DOM 22 DOM START $ $1,625,000 START 02/06/20
Address 2818 N Ardmore Avenue BD/BA 5br/5ba SQFT 3514 sqft LOT 5007 PRICE $2,798,000 $PSF $796 DOM 168 DOM START $ $2,799,000 START 09/13/19
Address 2205 Vista Drive BD/BA 4br/4ba SQFT 2600 sqft LOT 3520 PRICE $3,349,000 $PSF $1,288 DOM 91 DOM START $ $3,499,000 START 11/18/19
Address 1801 Oak Avenue BD/BA 6br/5ba SQFT 5251 sqft LOT 4484 PRICE $4,790,000 $PSF $912 DOM 140 DOM START $ $4,999,000 START 10/11/19
Address 709 N Valley Drive BD/BA 3br/3ba SQFT 1356 sqft LOT 1931 PRICE $2,424,000 $PSF $1,788 DOM 85 DOM START $ $2,575,000 START 12/05/19

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 116 Seaview Street BD/BA 3br/2ba SQFT 1320 sqft LOT 1357 PRICE $2,150,000 $PSF $1,629 DOM 143 DOM START $ $2,150,000 START 10/08/19
Address 844 14th Street BD/BA 5br/6ba SQFT 3479 sqft LOT 5017 PRICE $3,795,000 $PSF $1,091 DOM 8 DOM START $ $3,795,000 START 02/20/20
Address 1148 N Poinsettia Avenue BD/BA 3br/3ba SQFT 1977 sqft LOT 4470 PRICE $1,998,000 $PSF $1,011 DOM 16 DOM START $ $1,998,000 START 02/12/20
Address 3304 N Poinsettia Avenue BD/BA 5br/4ba SQFT 3228 sqft LOT 4638 PRICE $2,899,000 $PSF $898 DOM 6 DOM START $ $2,899,000 START 02/17/20
Address 1619 Artesia Boulevard E BD/BA 3br/3ba SQFT 2180 sqft LOT 20217 PRICE $1,350,000 $PSF $619 DOM 9 DOM START $ $1,350,000 START 02/19/20
Address 660 33rd Street BD/BA 5br/6ba SQFT 4761 sqft LOT 5024 PRICE $4,170,000 $PSF $876 DOM 23 DOM START $ $4,170,000 START 02/05/20
Address 510 N Dianthus BD/BA 5br/4ba SQFT 3805 sqft LOT 5503 PRICE $4,600,000 $PSF $1,209 DOM 32 DOM START $ $4,600,000 START 01/10/20
Address 756 36th Street BD/BA 6br/7ba SQFT 3599 sqft LOT 5204 PRICE $3,599,000 $PSF $1,000 DOM 18 DOM START $ $3,599,000 START 02/10/20
Address 707 S Redondo Ave BD/BA 4br/4ba SQFT 2465 sqft LOT 7500 PRICE $2,175,000 $PSF $882 DOM 11 DOM START $ $2,175,000 START 02/13/20
Address 328 19th Street BD/BA 5br/5ba SQFT 4107 sqft LOT 2698 PRICE $5,395,000 $PSF $1,314 DOM 197 DOM START $ $5,795,000 START 07/29/19
Address 501 N 18th Street BD/BA 5br/8ba SQFT 6126 sqft LOT 6688 PRICE $7,150,000 $PSF $1,167 DOM 180 DOM START $ $7,150,000 START 09/01/19
Address 2205 N Poinsettia Avenue BD/BA 5br/5ba SQFT 3735 sqft LOT 5132 PRICE $2,500,000 $PSF $669 DOM 13 DOM START $ $2,500,000 START 01/21/20
Address 124 6th Street BD/BA 5br/6ba SQFT 4014 sqft LOT 2706 PRICE $12,695,000 $PSF $3,163 DOM 16 DOM START $ $12,695,000 START 02/12/20
Address 1651 23rd Street BD/BA 3br/2ba SQFT 1208 sqft LOT 4972 PRICE $1,425,000 $PSF $1,180 DOM 112 DOM START $ $1,450,000 START 11/08/19
Address 2101 Chestnut Avenue BD/BA 3br/2ba SQFT 1744 sqft LOT 4996 PRICE $1,799,000 $PSF $1,032 DOM 16 DOM START $ $1,799,000 START 02/12/20

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