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 Home Has Been Refreshed With A New Look. ...

RECENT PRICE CUT

3311 Elm Avenue

Manhattan Beach, CA

  • 6 BR
  • 7 BA
  • 5,320 SqFt.
  • 8,758 Lot

$4,895,000

Active

DOM: 280

Price:
$4,895,000
BR/BA:
6br / 7ba
Sq. ft.:
5,320
Area:
Tree Section
City:
Manhattan Beach
DOM:
280
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 3009 Crest Drive BD/BA 3br/3ba SQFT 1593 sqft LOT 1757 PRICE $2,790,000 $PSF $1,751 DOM 63 DOM START $ $2,990,000 START 02/19/19
Address 1030 2nd Street BD/BA 3br/2ba SQFT 1877 sqft LOT 4305 PRICE $1,899,000 $PSF $1,012 DOM 26 DOM START $ $1,999,000 START 03/28/19
Address 612 Anderson Street BD/BA 3br/3ba SQFT 1707 sqft LOT 3250 PRICE $2,399,000 $PSF $1,405 DOM 18 DOM START $ $2,500,000 START 04/05/19
Address 3305 Pine Avenue BD/BA 5br/7ba SQFT 5715 sqft LOT 9282 PRICE $7,000,000 $PSF $1,225 DOM 75 DOM START $ $7,800,000 START 02/07/19
Address 212 18th Street BD/BA 5br/6ba SQFT 4269 sqft LOT 2703 PRICE $6,390,000 $PSF $1,497 DOM 108 DOM START $ $6,980,000 START 01/05/19
Address 836 14th Street BD/BA 3br/2ba SQFT 1584 sqft LOT 4983 PRICE $1,995,000 $PSF $1,259 DOM 62 DOM START $ $2,400,000 START 02/20/19
Address 3311 Elm Avenue BD/BA 6br/7ba SQFT 5320 sqft LOT 8758 PRICE $4,895,000 $PSF $920 DOM 280 DOM START $ $5,250,000 START 06/26/18
Address 1148 N Poinsettia Avenue BD/BA 3br/3ba SQFT 1977 sqft LOT 4470 PRICE $1,650,000 $PSF $835 DOM 92 DOM START $ $1,999,000 START 01/21/19
Address 709 26th Street BD/BA 5br/6ba SQFT 5121 sqft LOT 5120 PRICE $4,695,000 $PSF $917 DOM 29 DOM START $ $4,795,000 START 03/25/19
Address 549 3rd Street BD/BA 5br/6ba SQFT 4000 sqft LOT 2692 PRICE $4,890,000 $PSF $1,223 DOM 34 DOM START $ $4,990,000 START 03/20/19
Address 508 Larsson Street BD/BA 5br/6ba SQFT 4680 sqft LOT 6877 PRICE $3,695,000 $PSF $790 DOM 48 DOM START $ $3,895,000 START 02/07/19
Address 1450 5th Street BD/BA 6br/5ba SQFT 4317 sqft LOT 7504 PRICE $3,585,000 $PSF $830 DOM 68 DOM START $ $3,649,000 START 02/14/19
Address 1710 11th Street BD/BA 3br/2ba SQFT 2024 sqft LOT 7503 PRICE $1,995,000 $PSF $986 DOM 103 DOM START $ $2,199,000 START 10/23/18
Address 1150 N Rowell Avenue BD/BA 3br/3ba SQFT 1960 sqft LOT 8004 PRICE $1,699,000 $PSF $867 DOM 33 DOM START $ $1,799,000 START 03/21/19
Address 3400 The Strand BD/BA 5br/6ba SQFT 5468 sqft LOT 3502 PRICE $16,999,999 $PSF $3,109 DOM 285 DOM START $ $19,300,000 START 07/12/18
Address 323 36th Street BD/BA 8br/5ba SQFT 3072 sqft LOT 2707 PRICE $2,800,000 $PSF $911 DOM 76 DOM START $ $3,199,000 START 02/06/19
Address 3600 Pine Avenue BD/BA 4br/2ba SQFT 1550 sqft LOT 4640 PRICE $1,699,000 $PSF $1,096 DOM 103 DOM START $ $1,764,000 START 01/10/19
Address 3305 Vista Drive BD/BA 4br/4ba SQFT 2726 sqft LOT 3504 PRICE $2,490,000 $PSF $913 DOM 47 DOM START $ $2,550,000 START 03/07/19
Address 1148 Elm Avenue BD/BA 3br/2ba SQFT 1678 sqft LOT 4477 PRICE $1,599,500 $PSF $953 DOM 142 DOM START $ $1,799,500 START 11/09/18
Address 300 28th Street 1 BD/BA 3br/4ba SQFT 2144 sqft LOT 3153 PRICE $2,875,000 $PSF $1,341 DOM 39 DOM START $ $3,049,000 START 03/13/19
Address 521 13th Street BD/BA 3br/3ba SQFT 2428 sqft LOT 2872 PRICE $3,199,000 $PSF $1,318 DOM 41 DOM START $ $3,450,000 START 03/02/19
Address 432 23rd Place BD/BA 3br/4ba SQFT 2124 sqft LOT 3366 PRICE $1,935,000 $PSF $911 DOM 89 DOM START $ $1,999,000 START 01/24/19
Address 1191 Shelley Street BD/BA 3br/2ba SQFT 1713 sqft LOT 5340 PRICE $1,549,000 $PSF $904 DOM 56 DOM START $ $1,650,000 START 02/07/19
Address 1161 Duncan Drive BD/BA 3br/4ba SQFT 1829 sqft LOT 20871 PRICE $5,195,000 $PSF $2,840 DOM 68 DOM START $ $5,500,000 START 02/14/19
Address 227 32nd Street BD/BA 5br/4ba SQFT 2064 sqft LOT 4064 PRICE $4,500,000 $PSF $2,180 DOM 133 DOM START $ $5,000,000 START 12/11/18
Address 212 16th Street BD/BA 4br/5ba SQFT 4100 sqft LOT 2700 PRICE $8,595,000 $PSF $2,096 DOM 120 DOM START $ $8,795,000 START 12/04/18
Address 3621 Alma Avenue Avenue BD/BA 4br/3ba SQFT 2515 sqft LOT 1497 PRICE $2,495,000 $PSF $992 DOM 73 DOM START $ $2,595,000 START 02/09/19
Address 435 29th Street BD/BA 3br/2ba SQFT 1953 sqft LOT 5402 PRICE $4,900,000 $PSF $2,509 DOM 68 DOM START $ $5,500,000 START 02/14/19
Address 4108 Highland Avenue BD/BA 3br/4ba SQFT 3682 sqft LOT 2242 PRICE $3,200,000 $PSF $869 DOM 231 DOM START $ $3,500,000 START 09/04/18
Address 228 43rd Street BD/BA 3br/4ba SQFT 2048 sqft LOT 2701 PRICE $2,395,000 $PSF $1,169 DOM 91 DOM START $ $2,550,000 START 01/22/19
Address 717 35th Street BD/BA 4br/6ba SQFT 3558 sqft LOT 5404 PRICE $3,695,000 $PSF $1,039 DOM 204 DOM START $ $3,795,000 START 09/12/18
Address 3211 N Poinsettia Avenue BD/BA 5br/4ba SQFT 5500 sqft LOT 9291 PRICE $4,195,000 $PSF $763 DOM 81 DOM START $ $4,295,000 START 02/01/19
Address 1215 Fisher Avenue BD/BA 5br/7ba SQFT 5400 sqft LOT 3000 PRICE $7,690,000 $PSF $1,424 DOM 95 DOM START $ $7,995,000 START 01/18/19
Address 520 Manhattan Beach Boulevard BD/BA 4br/4ba SQFT 2500 sqft LOT 2493 PRICE $2,900,000 $PSF $1,160 DOM 105 DOM START $ $3,250,000 START 01/08/19
Address 218 1st Place BD/BA 3br/4ba SQFT 2016 sqft LOT 2703 PRICE $3,749,000 $PSF $1,860 DOM 357 DOM START $ $3,999,999 START 05/01/18
Address 1026 Pacific Avenue BD/BA 6br/8ba SQFT 7161 sqft LOT 6006 PRICE $7,495,000 $PSF $1,047 DOM 223 DOM START $ $8,800,000 START 09/05/18
Address 608 29th Street BD/BA 4br/3ba SQFT 2976 sqft LOT 4801 PRICE $3,149,000 $PSF $1,058 DOM 209 DOM START $ $3,249,000 START 09/26/18
Address 468 30th Street BD/BA 5br/6ba SQFT 4273 sqft LOT 2707 PRICE $4,499,000 $PSF $1,053 DOM 156 DOM START $ $4,695,000 START 10/25/18
Address 27 Coronado Court BD/BA 2br/3ba SQFT 1583 sqft LOT 1884 PRICE $1,350,000 $PSF $853 DOM 202 DOM START $ $1,395,000 START 10/03/18
Address 1012 Rosecrans Avenue BD/BA 3br/1ba SQFT 1319 sqft LOT 4879 PRICE $1,480,000 $PSF $1,122 DOM 140 DOM START $ $1,490,000 START 12/04/18
Address 424 20th Street BD/BA 8br/10ba SQFT 6073 sqft LOT 5148 PRICE $7,395,000 $PSF $1,218 DOM 200 DOM START $ $7,995,000 START 10/05/18
Address 3416 The Strand BD/BA 5br/5ba SQFT 3934 sqft LOT 3494 PRICE $11,995,000 $PSF $3,049 DOM 345 DOM START $ $12,395,000 START 04/12/18

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