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

Dream Location In This Beautifully Updated Home...

RECENT PRICE CUT

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

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
Address 235 N Dianthus Street BD/BA 5br/5ba SQFT 5152 sqft LOT 6501 PRICE $6,499,000 $PSF $1,261 DOM 227 DOM START $ $8,000,000 START 02/17/22
Address 3000 The Strand BD/BA 3br/4ba SQFT 3949 sqft LOT 3514 PRICE $15,500,000 $PSF $3,925 DOM 137 DOM START $ $17,000,000 START 05/18/22
Address 400 10th Street BD/BA 4br/3ba SQFT 2964 sqft LOT 2711 PRICE $4,999,000 $PSF $1,687 DOM 51 DOM START $ $5,200,000 START 08/12/22
Address 400 10th Street BD/BA 4br/3ba SQFT 2964 sqft LOT 2711 PRICE $4,999,000 $PSF $1,687 DOM 51 DOM START $ $5,200,000 START 08/12/22
Address 216 4th Street BD/BA 3br/5ba SQFT 2754 sqft LOT 1350 PRICE $6,995,000 $PSF $2,540 DOM 75 DOM START $ $7,499,000 START 06/29/22
Address 327 36th Street BD/BA 3br/2ba SQFT 2221 sqft LOT 1351 PRICE $2,999,999 $PSF $1,351 DOM 132 DOM START $ $3,500,000 START 05/23/22
Address 113 S Dianthus BD/BA 3br/1ba SQFT 1194 sqft LOT 6250 PRICE $5,299,000 $PSF $4,438 DOM 110 DOM START $ $5,600,000 START 06/14/22
Address 845 11th Street BD/BA 5br/5ba SQFT 4315 sqft LOT 9938 PRICE $5,999,000 $PSF $1,390 DOM 195 DOM START $ $7,000,000 START 03/17/22

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