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

Prime South Facing Walkstreet Location In The S...

OPEN HOUSE
Photo of Listing #SB19199643

225 25th Street

Manhattan Beach, CA

  • 5 BR
  • 4 BA
  • 2,563 SqFt.
  • 2,708 Lot

$4,399,000

Active

DOM: 113

Price:
$4,399,000
BR/BA:
5br / 4ba
Sq. ft.:
2,563
Area:
Sand Section
City:
Manhattan Beach
DOM:
113

Welcome To This Newly Constructed Gorgeous Cape...

OPEN HOUSE
Photo of Listing #SB19056677

577 31st Street

Manhattan Beach, CA

  • 5 BR
  • 6 BA
  • 4,369 SqFt.
  • 5,025 Lot

$4,499,000

Active

DOM: 274

Price:
$4,499,000
BR/BA:
5br / 6ba
Sq. ft.:
4,369
Area:
Tree Section
City:
Manhattan Beach
DOM:
274

Corner Lot Transitional Modern French Farm Hous...

OPEN HOUSE
Photo of Listing #PV19046563

1801 6th Street

Manhattan Beach, CA

  • 4 BR
  • 5 BA
  • 3,219 SqFt.
  • 4,952 Lot

$2,799,000

Active

DOM: 274

Price:
$2,799,000
BR/BA:
4br / 5ba
Sq. ft.:
3,219
Area:
East MB
City:
Manhattan Beach
DOM:
274
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 1300 Curtis Avenue BD/BA 3br/2ba SQFT 1393 sqft LOT 5172 PRICE $1,398,000 $PSF $1,004 DOM 43 DOM START $ $1,498,000 START 08/12/19
Address 704 Manhattan Avenue BD/BA 3br/4ba SQFT 2450 sqft LOT 3567 PRICE $4,299,000 $PSF $1,755 DOM 127 DOM START $ $4,890,000 START 08/06/19
Address 1776 Voorhees Avenue BD/BA 3br/2ba SQFT 1622 sqft LOT 4855 PRICE $1,469,000 $PSF $906 DOM 147 DOM START $ $1,650,000 START 07/17/19
Address 628 35th Street BD/BA 4br/2ba SQFT 1912 sqft LOT 5403 PRICE $2,225,000 $PSF $1,164 DOM 37 DOM START $ $2,399,000 START 11/04/19
Address 216 39th Street BD/BA 2br/2ba SQFT 1528 sqft LOT 1348 PRICE $1,550,000 $PSF $1,014 DOM 89 DOM START $ $1,699,000 START 09/13/19
Address 121 35th Street BD/BA 4br/4ba SQFT 3546 sqft LOT 2697 PRICE $4,650,000 $PSF $1,311 DOM 76 DOM START $ $4,995,000 START 09/25/19
Address 127 16th Street BD/BA 5br/3ba SQFT 2157 sqft LOT 2700 PRICE $5,999,000 $PSF $2,781 DOM 139 DOM START $ $7,200,000 START 07/25/19
Address 4108 Highland Avenue BD/BA 3br/4ba SQFT 3682 sqft LOT 2242 PRICE $2,600,000 $PSF $706 DOM 69 DOM START $ $2,900,000 START 10/03/19
Address 2304 The Strand BD/BA 3br/3ba SQFT 2360 sqft LOT 3497 PRICE $7,950,000 $PSF $3,369 DOM 302 DOM START $ $9,950,000 START 01/18/19
Address 225 25th Street BD/BA 5br/4ba SQFT 2563 sqft LOT 2708 PRICE $4,399,000 $PSF $1,716 DOM 113 DOM START $ $4,900,000 START 08/20/19
Address 1437 23rd Street BD/BA 3br/4ba SQFT 2300 sqft LOT 7019 PRICE $2,598,000 $PSF $1,130 DOM 91 DOM START $ $2,850,000 START 09/11/19
Address 222 1st Place BD/BA 3br/4ba SQFT 2008 sqft LOT 2703 PRICE $3,125,000 $PSF $1,556 DOM 84 DOM START $ $3,399,000 START 09/18/19
Address 3400 The Strand BD/BA 5br/6ba SQFT 5478 sqft LOT 3502 PRICE $15,900,000 $PSF $2,903 DOM 121 DOM START $ $16,750,000 START 08/12/19
Address 3519 Manhattan Avenue BD/BA 7br/7ba SQFT 4200 sqft LOT 2702 PRICE $5,195,000 $PSF $1,237 DOM 111 DOM START $ $5,500,000 START 08/22/19
Address 204 Anderson Street BD/BA 3br/3ba SQFT 1800 sqft LOT 3253 PRICE $2,495,000 $PSF $1,386 DOM 43 DOM START $ $2,550,000 START 10/29/19
Address 1305 Church Street BD/BA 4br/5ba SQFT 3095 sqft LOT 3173 PRICE $2,898,999 $PSF $937 DOM 55 DOM START $ $2,899,000 START 10/17/19
Address 328 19th Street BD/BA 5br/5ba SQFT 4107 sqft LOT 2698 PRICE $5,395,000 $PSF $1,314 DOM 118 DOM START $ $5,795,000 START 07/29/19
Address 128 18th Street BD/BA 5br/6ba SQFT 3991 sqft LOT 2697 PRICE $6,750,000 $PSF $1,691 DOM 152 DOM START $ $7,395,000 START 07/12/19
Address 460 29th Street BD/BA 4br/6ba SQFT 3852 sqft LOT 2708 PRICE $3,995,000 $PSF $1,037 DOM 139 DOM START $ $4,200,000 START 07/25/19
Address 908 Rosecrans Avenue BD/BA 2br/1ba SQFT 832 sqft LOT 5964 PRICE $1,399,000 $PSF $1,681 DOM 61 DOM START $ $1,499,000 START 10/11/19
Address 3419 Bayview Drive BD/BA 4br/4ba SQFT 3385 sqft LOT 1891 PRICE $3,999,995 $PSF $1,182 DOM 83 DOM START $ $4,300,000 START 09/19/19
Address 1012 Rosecrans Avenue BD/BA 3br/1ba SQFT 1319 sqft LOT 4879 PRICE $1,199,000 $PSF $909 DOM 74 DOM START $ $1,350,000 START 09/09/19
Address 1246 10th BD/BA 6br/6ba SQFT 7000 sqft LOT 7500 PRICE $5,295,000 $PSF $756 DOM 149 DOM START $ $5,495,000 START 07/15/19
Address 19 Lafayette Court BD/BA 2br/2ba SQFT 1474 sqft LOT 1902 PRICE $1,135,000 $PSF $770 DOM 64 DOM START $ $1,155,000 START 10/08/19
Address 4117 The Strand (aka Ocean Dr) Drive BD/BA 5br/3ba SQFT 2804 sqft LOT 3500 PRICE $5,999,000 $PSF $2,139 DOM 193 DOM START $ $6,500,000 START 06/01/19
Address 4122 The Strand BD/BA 5br/5ba SQFT 4154 sqft LOT 3503 PRICE $6,700,000 $PSF $1,613 DOM 193 DOM START $ $7,200,000 START 06/01/19
Address 577 31st Street BD/BA 5br/6ba SQFT 4369 sqft LOT 5025 PRICE $4,499,000 $PSF $1,030 DOM 274 DOM START $ $4,799,000 START 03/12/19
Address 211 John Street BD/BA 4br/3ba SQFT 2948 sqft LOT 5059 PRICE $2,999,999 $PSF $1,018 DOM 192 DOM START $ $3,199,000 START 05/16/19
Address 3621 Alma Avenue BD/BA 4br/3ba SQFT 2515 sqft LOT 1497 PRICE $2,375,000 $PSF $944 DOM 117 DOM START $ $2,395,000 START 08/16/19
Address 811 1st Street BD/BA 3br/2ba SQFT 1596 sqft LOT 5126 PRICE $3,150,000 $PSF $1,974 DOM 250 DOM START $ $3,250,000 START 04/05/19
Address 448 Chabela Drive BD/BA 3br/2ba SQFT 1688 sqft LOT 6913 PRICE $2,300,000 $PSF $1,363 DOM 170 DOM START $ $2,350,000 START 06/24/19
Address 1801 6th Street BD/BA 4br/5ba SQFT 3219 sqft LOT 4952 PRICE $2,799,000 $PSF $870 DOM 274 DOM START $ $3,295,000 START 08/02/18
Address 224 16th Street BD/BA 5br/5ba SQFT 4224 sqft LOT 2698 PRICE $7,195,000 $PSF $1,703 DOM 116 DOM START $ $7,295,000 START 08/17/19

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