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 Manhattan Walk Street. Ideal Locat...

RECENT PRICE CUT

401 6th Street

Manhattan Beach, CA

  • 4 BR
  • 2 BA
  • 1,886 SqFt.
  • 2,692 Lot

$3,599,000

Active

DOM: 56

Price:
$3,599,000
BR/BA:
4br / 2ba
Sq. ft.:
1,886
Area:
Sand Section
City:
Manhattan Beach
DOM:
56

This Brand New Sand Section Home Offers The Ame...

RECENT PRICE CUT

532 21st Street

Manhattan Beach, CA

  • 5 BR
  • 5 BA
  • 4,336 SqFt.
  • 3,512 Lot

$4,999,000

Active

DOM: 183

Price:
$4,999,000
BR/BA:
5br / 5ba
Sq. ft.:
4,336
Area:
Sand Section
City:
Manhattan Beach
DOM:
183
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 435 10th Street BD/BA 4br/3ba SQFT 2022 sqft LOT 2468 PRICE $3,549,000 $PSF $1,755 DOM 127 DOM START $ $3,669,000 START 05/11/18
Address 3529 Oak Avenue BD/BA 3br/3ba SQFT 2077 sqft LOT 4648 PRICE $1,849,000 $PSF $890 DOM 84 DOM START $ $1,899,000 START 06/28/18
Address 2909 Highland Avenue BD/BA 3br/4ba SQFT 2030 sqft LOT 2701 PRICE $2,890,000 $PSF $1,424 DOM 77 DOM START $ $3,000,000 START 07/06/18
Address 807 Boundary Place BD/BA 5br/5ba SQFT 3200 sqft LOT 4526 PRICE $2,700,000 $PSF $844 DOM 8 DOM START $ $2,750,000 START 09/12/18
Address 1520 Manhattan Beach Boulevard C BD/BA 2br/2ba SQFT 1075 sqft LOT 9894 PRICE $729,000 $PSF $678 DOM 49 DOM START $ $765,000 START 08/02/18
Address 1635 23rd Street BD/BA 3br/2ba SQFT 1526 sqft LOT 5000 PRICE $1,438,000 $PSF $942 DOM 14 DOM START $ $1,475,000 START 09/06/18
Address 3508 Alma Avenue BD/BA 5br/5ba SQFT 3190 sqft LOT 3496 PRICE $2,850,000 $PSF $893 DOM 28 DOM START $ $3,199,000 START 08/23/18
Address 1446 18th Street BD/BA 5br/6ba SQFT 4712 sqft LOT 7022 PRICE $3,899,000 $PSF $827 DOM 77 DOM START $ $4,075,000 START 07/05/18
Address 646 Rosecrans Avenue BD/BA 4br/3ba SQFT 2535 sqft LOT 3651 PRICE $1,788,000 $PSF $705 DOM 50 DOM START $ $1,825,000 START 08/01/18
Address 409 4th Street BD/BA 3br/3ba SQFT 3158 sqft LOT 2702 PRICE $4,299,000 $PSF $1,361 DOM 30 DOM START $ $4,499,000 START 08/21/18
Address 1551 Artesia Boulevard 2 BD/BA 3br/3ba SQFT 1800 sqft LOT 6730 PRICE $1,049,990 $PSF $583 DOM 57 DOM START $ $1,099,990 START 07/25/18
Address 21 Coronado Court BD/BA 2br/2ba SQFT 1465 sqft LOT 1752 PRICE $1,095,000 $PSF $747 DOM 114 DOM START $ $1,219,000 START 05/29/18
Address 3400 The Strand BD/BA 5br/6ba SQFT 5468 sqft LOT 3502 PRICE $18,300,000 $PSF $3,347 DOM 70 DOM START $ $19,300,000 START 07/12/18
Address 1311 Manhattan Beach Boulevard 2 BD/BA 2br/2ba SQFT 922 sqft LOT 5512 PRICE $849,900 $PSF $922 DOM 48 DOM START $ $899,900 START 08/03/18
Address 849 10th Street BD/BA 5br/5ba SQFT 4356 sqft LOT 5999 PRICE $3,850,000 $PSF $884 DOM 35 DOM START $ $3,950,000 START 08/16/18
Address 401 6th Street BD/BA 4br/2ba SQFT 1886 sqft LOT 2692 PRICE $3,599,000 $PSF $1,908 DOM 56 DOM START $ $3,650,000 START 07/26/18
Address 229 Aviation Place BD/BA 3br/3ba SQFT 1758 sqft LOT 59679 PRICE $1,099,000 $PSF $625 DOM 19 DOM START $ $1,129,000 START 09/01/18
Address 1356 Manhattan Beach Boulevard BD/BA 6br/4ba SQFT 2116 sqft LOT 4663 PRICE $1,599,999 $PSF $756 DOM 36 DOM START $ $1,675,000 START 08/16/18
Address 915 Duncan Avenue BD/BA 5br/7ba SQFT 4637 sqft LOT 4998 PRICE $5,650,000 $PSF $1,218 DOM 126 DOM START $ $5,850,000 START 04/09/18
Address 1446 11th Street BD/BA 5br/4ba SQFT 4204 sqft LOT 7505 PRICE $2,495,000 $PSF $593 DOM 31 DOM START $ $2,595,000 START 08/20/18
Address 220 23rd Street BD/BA 3br/4ba SQFT 1792 sqft LOT 1347 PRICE $3,025,000 $PSF $1,688 DOM 57 DOM START $ $3,225,000 START 07/25/18
Address 532 21st Street BD/BA 5br/5ba SQFT 4336 sqft LOT 3512 PRICE $4,999,000 $PSF $1,153 DOM 183 DOM START $ $5,499,000 START 03/22/18
Address 2409 Oak Avenue BD/BA 3br/3ba SQFT 1843 sqft LOT 4483 PRICE $1,749,000 $PSF $949 DOM 128 DOM START $ $1,799,000 START 05/03/18
Address 113 27th Street BD/BA 6br/5ba SQFT 2925 sqft LOT 2724 PRICE $5,399,000 $PSF $1,846 DOM 45 DOM START $ $5,599,000 START 08/06/18
Address 1351 Curtis Avenue BD/BA 3br/2ba SQFT 1125 sqft LOT 5152 PRICE $1,450,000 $PSF $1,289 DOM 44 DOM START $ $1,499,999 START 08/07/18
Address 513 Longfellow Avenue BD/BA 5br/6ba SQFT 5128 sqft LOT 4014 PRICE $4,799,000 $PSF $936 DOM 202 DOM START $ $5,349,000 START 02/22/18
Address 1300 1st Street BD/BA 5br/4ba SQFT 3614 sqft LOT 5036 PRICE $2,320,000 $PSF $642 DOM 46 DOM START $ $2,395,000 START 07/26/18
Address 709 26th Street BD/BA 5br/6ba SQFT 5121 sqft LOT 5120 PRICE $5,295,000 $PSF $1,034 DOM 108 DOM START $ $5,495,000 START 06/04/18
Address 1012 Rosecrans Avenue BD/BA 3br/1ba SQFT 1319 sqft LOT 4879 PRICE $1,500,000 $PSF $1,137 DOM 73 DOM START $ $1,600,000 START 07/09/18
Address 3208 Pacific Avenue BD/BA 4br/3ba SQFT 3180 sqft LOT 4484 PRICE $2,599,900 $PSF $818 DOM 51 DOM START $ $2,649,900 START 07/31/18
Address 1521 Artesia Boulevard D BD/BA 2br/3ba SQFT 1638 sqft LOT 6744 PRICE $949,000 $PSF $579 DOM 65 DOM START $ $1,000,000 START 07/09/18
Address 444 28th Street BD/BA 3br/4ba SQFT 2200 sqft LOT 1549 PRICE $3,299,000 $PSF $1,500 DOM 72 DOM START $ $3,399,000 START 07/10/18
Address 1653 3rd Street BD/BA 4br/4ba SQFT 2328 sqft LOT 7504 PRICE $2,195,000 $PSF $943 DOM 63 DOM START $ $2,275,000 START 06/26/18
Address 440 24th Street BD/BA 4br/4ba SQFT 2755 sqft LOT 3382 PRICE $3,279,000 $PSF $1,190 DOM 72 DOM START $ $3,375,000 START 07/10/18
Address 3311 Elm Avenue BD/BA 6br/7ba SQFT 5320 sqft LOT 8758 PRICE $4,995,000 $PSF $939 DOM 86 DOM START $ $5,250,000 START 06/26/18
Address 711 11th Street BD/BA 5br/6ba SQFT 4407 sqft LOT 5665 PRICE $4,599,000 $PSF $1,044 DOM 66 DOM START $ $4,799,000 START 07/16/18
Address 3416 The Strand BD/BA 5br/5ba SQFT 3934 sqft LOT 3494 PRICE $11,995,000 $PSF $3,049 DOM 161 DOM START $ $12,395,000 START 04/12/18
Address 233 6th St BD/BA 6br/4ba SQFT 3278 sqft LOT 2705 PRICE $4,599,000 $PSF $1,403 DOM 140 DOM START $ $4,999,000 START 05/03/18
Address 417 34th Street BD/BA 4br/5ba SQFT 4300 sqft LOT 2699 PRICE $3,999,999 $PSF $930 DOM 182 DOM START $ $4,199,000 START 03/22/18
Address 1426 Marine Avenue BD/BA 2br/1ba SQFT 838 sqft LOT 6023 PRICE $1,450,000 $PSF $1,730 DOM 161 DOM START $ $1,499,000 START 04/12/18
Address 424 2nd Street BD/BA 4br/6ba SQFT 4359 sqft LOT 2708 PRICE $4,695,000 $PSF $1,077 DOM 136 DOM START $ $4,900,000 START 05/07/18
Address 216 5th Street BD/BA 3br/4ba SQFT 2090 sqft LOT 2704 PRICE $3,899,000 $PSF $1,866 DOM 201 DOM START $ $3,999,000 START 03/03/18
Address 216 2nd Street BD/BA 4br/4ba SQFT 2756 sqft LOT 1794 PRICE $5,495,000 $PSF $1,994 DOM 162 DOM START $ $5,795,000 START 04/11/18
Address 1031 Duncan Avenue BD/BA 5br/4ba SQFT 4200 sqft LOT 4497 PRICE $3,775,000 $PSF $899 DOM 224 DOM START $ $3,950,000 START 01/29/18
Address 108 S Poinsettia Avenue BD/BA 5br/6ba SQFT 4836 sqft LOT 6251 PRICE $6,199,000 $PSF $1,282 DOM 224 DOM START $ $6,700,000 START 02/08/18
Address 1140 The Strand BD/BA 5br/4ba SQFT 2808 sqft LOT 3337 PRICE $14,974,000 $PSF $5,333 DOM 581 DOM START $ $15,975,000 START 10/03/16

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