Post-Labor Day: A Time for Cuts

By Dave Fratello | September 13th, 2018

This is a time of year when the market heats up again after a Summer slumber.

You've got 6-10 weeks after Labor Day to maybe make a sale.

There are new listings coming out, some held back from Summer to wait for the calendar to flip.

But if you've got an existing listing that hasn't sold yet, mid-September is when you make price cuts.

We count 16 listings (out of 104) that have made cuts in the past week or so, plus a few more that have pulled a bogus re-list (canceling the old listing in favor of a new one with a fresh DOM clock... grrrrrrr).

We'll call attention to a few right here below, and then supply a list of all the listings in MB to have made a price cut on their current listing (39 out of 104 as of Thursday).

849 10th Street Manhattan Beach CA849 10th (5br/5ba, 4350 sqft.) in the Hill Section is a 2005 Mediterranean with fresh paint.

The home has a reverse floorplan, with most living spaces upstairs, but also with the master up there.

Downstairs are 4br in a conventional layout, opening to a kids' den and backyard.

The first time it was listed this year, in June/July they asked $3.950M for the home in largely original (though clean) condition. When it didn't gain traction, 849 10th came off the market so that the exterior could be painted white, as well as much of the darker wood cabinetry inside.

It's a minor transformation that is akin to what a lot of homeowners and home sellers are doing these days, giving Mediterraneans a fresher look. It works, though the listing has cut $100K to $3.850M.

211 Aviation Place Manhattan Beach CA211 Aviation Place (3br/3ba, 1750 sqft.) and 229 Aviation Place (3br/3ba, 1750 sqft.) are two condos in the same complex east of Aviation Blvd., the "Manhattan Pointe" set of homes that have the feel of row houses in a little community unto itself.

This complex saw two sales early this year at $1.170M, so 229 tried at $1.170M and 211 tried at $1.150M.

Both have since re-listed (in one case changing agents) and have cut to $1.099M each.

Not a lot usually distinguishes one Manhattan Pointe condo from another, so these two units are in a race of sorts to find whatever the new market level is for the complex.

915 Duncan Avenue Manhattan Beach CA915 Duncan (5br/7ba, 4635 sqft.) is new construction in the Hill Section with over 300 DOM combined across a few listings, including a change of agents.

It began at $6.150M exactly one year ago, re-launched at $5.850M in April and actually had a deal for a while in July this year.

The latest cut of $200K puts this one at $5.650M

220 23rd (3br/4ba, 1800 sqft.) is an ocean-view SFR that west of Highland that began in late July at $3.225M.

Launch in Summer, and things may go slowly for you.

This one has needed 3 cuts so far, two of $50K each, and a recent post-Labor-Day cut of $100K to $3.025M.

Below we provide an automatically updating list of all homes for sale in Manhattan Beach with price cuts. Those within the past week will have a label over them of "Recent Price Cut." (Email subscribers will have to view this post in a browser to see the listings.)

Newest Price Cuts in Manhattan Beach

This Custom Home Sits On A Sprawling 11,999 Sf ...

RECENT PRICE CUT

853 10th Street

Manhattan Beach, CA

  • 7 BR
  • 10 BA
  • 7,606 SqFt.
  • 11,999 Lot

$8,199,999

Active

DOM: 75

Price:
$8,199,999
BR/BA:
7br / 10ba
Sq. ft.:
7,606
Area:
144 - Manhattan Bch Hill
City:
Manhattan Beach
DOM:
75

This Brand New 4-level Custom Single Family Hom...

OPEN HOUSE

2509 Alma Avenue

Manhattan Beach, CA

  • 3 BR
  • 5 BA
  • 2,427 SqFt.
  • 1,356 Lot

$4,799,000

Active

DOM: 14

Price:
$4,799,000
BR/BA:
3br / 5ba
Sq. ft.:
2,427
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
14
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 235 No. Dianthus Street BD/BA 5br/5ba SQFT 5700 sqft LOT 6500 PRICE $8,400,000 $PSF $1,474 DOM 47 DOM START $ $9,300,000 START 06/18/21
Address 124 11th Street BD/BA 4br/5ba SQFT 3966 sqft LOT 2711 PRICE $8,750,000 $PSF $2,206 DOM 20 DOM START $ $9,450,000 START 07/15/21
Address 1461 Manhattan Beach Boulevard B BD/BA 2br/2ba SQFT 1299 sqft LOT 5509 PRICE $1,090,000 $PSF $839 DOM 21 DOM START $ $1,110,000 START 06/30/21
Address 200 15th Street BD/BA 7br/6ba SQFT 3084 sqft LOT 2844 PRICE $4,399,000 $PSF $1,426 DOM 439 DOM START $ $4,950,000 START 04/22/20
Address 201 15th Street BD/BA 6br/3ba SQFT 2093 sqft LOT 2701 PRICE $3,899,000 $PSF $1,863 DOM 439 DOM START $ $4,550,000 START 04/22/20
Address 651 15th Street BD/BA 3br/2ba SQFT 1696 sqft LOT 4967 PRICE $2,699,000 $PSF $1,591 DOM 65 DOM START $ $2,849,000 START 05/05/21
Address 228 20th Street BD/BA 5br/5ba SQFT 4144 sqft LOT 2700 PRICE $5,845,000 $PSF $1,410 DOM 47 DOM START $ $5,995,000 START 06/15/21
Address 853 10th Street BD/BA 7br/10ba SQFT 7606 sqft LOT 11999 PRICE $8,199,999 $PSF $1,078 DOM 75 DOM START $ $8,688,000 START 05/21/21
Address 600 26th Street BD/BA 3br/2ba SQFT 1400 sqft LOT 4481 PRICE $1,950,000 $PSF $1,393 DOM 30 DOM START $ $2,150,000 START 07/05/21
Address 2509 Alma Avenue BD/BA 3br/5ba SQFT 2427 sqft LOT 1356 PRICE $4,799,000 $PSF $1,977 DOM 14 DOM START $ $5,195,000 START 06/18/21
Address 417 2nd Street BD/BA 5br/6ba SQFT 4331 sqft LOT 2691 PRICE $5,950,000 $PSF $1,374 DOM 41 DOM START $ $6,250,000 START 06/24/21
Address 428 Altura Way BD/BA 4br/2ba SQFT 3007 sqft LOT 7915 PRICE $3,199,000 $PSF $1,064 DOM 426 DOM START $ $3,999,000 START 06/04/20
Address 440 31st Street BD/BA 5br/4ba SQFT 3600 sqft LOT 2694 PRICE $3,999,000 $PSF $1,111 DOM 62 DOM START $ $4,100,000 START 06/03/21
Address 465 33rd Street BD/BA 3br/2ba SQFT 1396 sqft LOT 4045 PRICE $3,149,000 $PSF $2,256 DOM 68 DOM START $ $3,399,000 START 05/28/21
Address 870 Rosecrans Avenue BD/BA 3br/3ba SQFT 1894 sqft LOT 5971 PRICE $1,899,900 $PSF $1,003 DOM 89 DOM START $ $2,249,000 START 05/07/21
Address 757 Manhattan Beach Boulevard BD/BA 2br/3ba SQFT 1986 sqft LOT 7711 PRICE $2,325,000 $PSF $1,171 DOM 88 DOM START $ $2,375,000 START 05/08/21
Address 2615 N Valley Drive BD/BA 5br/4ba SQFT 2774 sqft LOT 4665 PRICE $2,799,000 $PSF $1,009 DOM 90 DOM START $ $2,875,000 START 05/06/21
Address 404 17th Street BD/BA 3br/3ba SQFT 3149 sqft LOT 2636 PRICE $4,399,000 $PSF $1,397 DOM 85 DOM START $ $4,600,000 START 05/11/21
Address 224 32nd Street BD/BA 4br/5ba SQFT 4268 sqft LOT 2698 PRICE $7,000,000 $PSF $1,640 DOM 314 DOM START $ $7,499,000 START 07/17/20
Address 724 13th Street BD/BA 6br/7ba SQFT 4844 sqft LOT 2999 PRICE $4,995,000 $PSF $1,031 DOM 353 DOM START $ $5,495,000 START 08/21/19

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