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

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 2109 N Meadows Avenue BD/BA 5br/5ba SQFT 3448 sqft LOT 5003 PRICE $2,899,000 $PSF $841 DOM 25 DOM START $ $2,995,000 START 12/18/18
Address 3617 Pacific Avenue BD/BA 5br/6ba SQFT 2800 sqft LOT 5013 PRICE $1,999,000 $PSF $714 DOM 122 DOM START $ $2,195,000 START 04/11/18
Address 3311 Elm Avenue BD/BA 6br/7ba SQFT 5320 sqft LOT 8758 PRICE $4,990,000 $PSF $938 DOM 202 DOM START $ $5,250,000 START 06/26/18
Address 1713 Wendy Way BD/BA 2br/1ba SQFT 964 sqft LOT 5401 PRICE $1,299,995 $PSF $1,349 DOM 28 DOM START $ $1,349,990 START 12/23/18
Address 468 30th Street BD/BA 5br/6ba SQFT 4273 sqft LOT 2707 PRICE $4,499,000 $PSF $1,053 DOM 63 DOM START $ $4,695,000 START 10/25/18
Address 305 29th Street BD/BA 4br/4ba SQFT 3260 sqft LOT 3498 PRICE $3,750,000 $PSF $1,150 DOM 108 DOM START $ $3,999,000 START 10/04/18
Address 221 Homer Street BD/BA 4br/4ba SQFT 2671 sqft LOT 1714 PRICE $4,849,000 $PSF $1,815 DOM 178 DOM START $ $4,989,000 START 07/26/18
Address 915 Duncan Avenue BD/BA 5br/7ba SQFT 4637 sqft LOT 4998 PRICE $5,200,000 $PSF $1,121 DOM 248 DOM START $ $5,850,000 START 04/09/18
Address 27 Coronado Court BD/BA 2br/3ba SQFT 1583 sqft LOT 1884 PRICE $1,350,000 $PSF $853 DOM 109 DOM START $ $1,395,000 START 10/03/18
Address 544 1st Street BD/BA 3br/3ba SQFT 1589 sqft LOT 5392 PRICE $2,875,000 $PSF $1,809 DOM 67 DOM START $ $2,999,000 START 11/14/18
Address 3401 Maple Avenue BD/BA 5br/4ba SQFT 3237 sqft LOT 4646 PRICE $3,200,000 $PSF $989 DOM 188 DOM START $ $3,400,000 START 07/17/18
Address 1317 Gates Avenue BD/BA 3br/2ba SQFT 1518 sqft LOT 5098 PRICE $1,429,999 $PSF $942 DOM 75 DOM START $ $1,475,000 START 11/06/18
Address 3208 Pacific Avenue BD/BA 4br/3ba SQFT 3180 sqft LOT 4484 PRICE $2,549,000 $PSF $802 DOM 95 DOM START $ $2,650,000 START 10/17/18
Address 1150 Manzanita Lane BD/BA 3br/2ba SQFT 1489 sqft LOT 6067 PRICE $1,365,000 $PSF $917 DOM 60 DOM START $ $1,450,000 START 11/07/18
Address 1426 Marine Avenue BD/BA 2br/1ba SQFT 838 sqft LOT 6023 PRICE $1,299,000 $PSF $1,550 DOM 66 DOM START $ $1,400,000 START 11/15/18
Address 2522 The Strand BD/BA 3br/3ba SQFT 2660 sqft LOT 3498 PRICE $5,900,000 $PSF $2,218 DOM 122 DOM START $ $6,900,000 START 09/21/18
Address 1447 10th Street BD/BA 5br/6ba SQFT 4041 sqft LOT 7502 PRICE $2,699,000 $PSF $668 DOM 107 DOM START $ $2,749,000 START 10/05/18
Address 1500 6th Street BD/BA 5br/6ba SQFT 4273 sqft LOT 6101 PRICE $2,675,000 $PSF $626 DOM 41 DOM START $ $2,750,000 START 12/12/18
Address 1012 Rosecrans Avenue BD/BA 3br/1ba SQFT 1319 sqft LOT 4879 PRICE $1,480,000 $PSF $1,122 DOM 47 DOM START $ $1,490,000 START 12/04/18
Address 2805 Poinsettia Avenue BD/BA 5br/4ba SQFT 3409 sqft LOT 4641 PRICE $3,299,000 $PSF $968 DOM 87 DOM START $ $3,399,000 START 10/26/18
Address 424 20th Street BD/BA 8br/10ba SQFT 6073 sqft LOT 5148 PRICE $7,395,000 $PSF $1,218 DOM 107 DOM START $ $7,995,000 START 10/05/18
Address 2921 Laurel Avenue BD/BA 6br/8ba SQFT 5910 sqft LOT 6489 PRICE $5,995,000 $PSF $1,014 DOM 66 DOM START $ $6,495,000 START 10/18/18
Address 707 S Redondo Avenue BD/BA 3br/2ba SQFT 1559 sqft LOT 7500 PRICE $1,495,000 $PSF $959 DOM 61 DOM START $ $1,599,000 START 11/20/18
Address 709 26th Street BD/BA 5br/6ba SQFT 5121 sqft LOT 5120 PRICE $4,995,000 $PSF $975 DOM 232 DOM START $ $5,495,000 START 06/04/18
Address 229 Rosecrans Place BD/BA 3br/4ba SQFT 2331 sqft LOT 3155 PRICE $2,995,000 $PSF $1,285 DOM 136 DOM START $ $3,299,000 START 09/06/18
Address 2801 Alma Avenue BD/BA 3br/4ba SQFT 1960 sqft LOT 2698 PRICE $2,695,000 $PSF $1,375 DOM 63 DOM START $ $2,739,000 START 10/08/18
Address 432 10th Place BD/BA 4br/5ba SQFT 3444 sqft LOT 2229 PRICE $3,650,000 $PSF $1,060 DOM 108 DOM START $ $3,750,000 START 10/04/18
Address 3604 Walnut Avenue BD/BA 5br/5ba SQFT 3249 sqft LOT 4645 PRICE $2,995,000 $PSF $922 DOM 124 DOM START $ $3,250,000 START 09/18/18
Address 1760 Marine Avenue BD/BA 3br/2ba SQFT 1147 sqft LOT 4993 PRICE $1,495,000 $PSF $1,303 DOM 109 DOM START $ $1,595,000 START 10/03/18
Address 2615 Crest Drive BD/BA 3br/6ba SQFT 3216 sqft LOT 1752 PRICE $6,499,000 $PSF $2,021 DOM 137 DOM START $ $6,999,000 START 09/06/18
Address 814 10th Street BD/BA 6br/8ba SQFT 8963 sqft LOT 12015 PRICE $8,995,000 $PSF $1,004 DOM 166 DOM START $ $9,550,000 START 08/07/18
Address 1026 Pacific Avenue BD/BA 6br/8ba SQFT 7161 sqft LOT 6006 PRICE $8,395,000 $PSF $1,172 DOM 131 DOM START $ $8,800,000 START 09/05/18
Address 3400 The Strand BD/BA 5br/6ba SQFT 5468 sqft LOT 3502 PRICE $18,300,000 $PSF $3,347 DOM 192 DOM START $ $19,300,000 START 07/12/18
Address 3416 The Strand BD/BA 5br/5ba SQFT 3934 sqft LOT 3494 PRICE $11,995,000 $PSF $3,049 DOM 283 DOM START $ $12,395,000 START 04/12/18
Address 30 Monterey Court BD/BA 2br/2ba SQFT 1474 sqft LOT 1703 PRICE $1,098,000 $PSF $745 DOM 174 DOM START $ $1,150,000 START 06/21/18
Address 424 2nd Street BD/BA 4br/6ba SQFT 4359 sqft LOT 2708 PRICE $4,695,000 $PSF $1,077 DOM 258 DOM START $ $4,900,000 START 05/07/18

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