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

Rare Opportunity To Get On The Strand In Manhat...

OPEN HOUSE
Photo of Listing #22203253

4406 The Strand

Manhattan Beach, CA

  • 3 BR
  • 3 BA
  • 2,138 SqFt.
  • N/A Lot

$4,895,000

Active

DOM: 127

Price:
$4,895,000
BR/BA:
3br / 3ba
Sq. ft.:
2,138
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
127

Charming Beach Cottage In Premier 100 Block Loc...

OPEN HOUSE
Photo of Listing #SB22190554

124 2nd Street

Manhattan Beach, CA

  • 3 BR
  • 2 BA
  • 1,750 SqFt.
  • 2,707 Lot

$6,395,000

Active

DOM: 155

Price:
$6,395,000
BR/BA:
3br / 2ba
Sq. ft.:
1,750
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
155

New Stunning Coastal Modern Beach Townhome With...

OPEN HOUSE
Photo of Listing #SB22163434

2605 Vista Drive

Manhattan Beach, CA

  • 4 BR
  • 4 BA
  • 2,678 SqFt.
  • N/A Lot

$4,499,000

Active

DOM: 183

Price:
$4,499,000
BR/BA:
4br / 4ba
Sq. ft.:
2,678
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
183

Welcome To This Quintessential Manhattan Beach ...

OPEN HOUSE
Photo of Listing #SB22069139

901 28th Street

Manhattan Beach, CA

  • 6 BR
  • 8 BA
  • 5,648 SqFt.
  • 6,006 Lot

$5,999,000

Active

DOM: 301

Price:
$5,999,000
BR/BA:
6br / 8ba
Sq. ft.:
5,648
Area:
143 - Manhattan Bch Tree
City:
Manhattan Beach
DOM:
301
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 2701 Manhattan Avenue BD/BA 3br/3ba SQFT 2356 sqft LOT 2556 PRICE $4,650,000 $PSF $1,974 DOM 72 DOM START $ $5,250,000 START 11/22/22
Address 3608 The Strand 1 BD/BA 2br/3ba SQFT 1777 sqft LOT 9334 PRICE $5,700,000 $PSF $3,208 DOM 41 DOM START $ $7,300,000 START 11/25/22
Address 3608 The Strand 2 BD/BA 1br/1ba SQFT 801 sqft LOT 9334 PRICE $2,400,000 $PSF $2,996 DOM 41 DOM START $ $3,600,000 START 11/25/22
Address 3608 The Strand 8 BD/BA 1br/1ba SQFT 907 sqft LOT 9334 PRICE $1,900,000 $PSF $2,095 DOM 41 DOM START $ $2,900,000 START 11/25/22
Address 2606 Pacific Avenue BD/BA 4br/3ba SQFT 3448 sqft LOT 4481 PRICE $2,739,000 $PSF $794 DOM 149 DOM START $ $2,999,888 START 09/06/22
Address 413 9th Street BD/BA 6br/5ba SQFT 3800 sqft LOT 2695 PRICE $6,995,000 $PSF $1,841 DOM 56 DOM START $ $7,000,000 START 10/20/22
Address 1427 5th Street BD/BA 2br/1ba SQFT 756 sqft LOT 7497 PRICE $2,225,000 $PSF $2,943 DOM 26 DOM START $ $2,499,000 START 01/07/23
Address 616 12th Street BD/BA 5br/5ba SQFT 4300 sqft LOT 3008 PRICE $7,329,000 $PSF $1,704 DOM 99 DOM START $ $7,349,000 START 10/26/22
Address 1500 Voorhees Avenue BD/BA 4br/2ba SQFT 1744 sqft LOT 5784 PRICE $1,799,000 $PSF $1,032 DOM 133 DOM START $ $1,825,000 START 09/22/22
Address 4406 The Strand BD/BA 3br/3ba SQFT 2138 sqft LOT 3506 PRICE $4,895,000 $PSF $2,290 DOM 127 DOM START $ $5,249,000 START 09/28/22
Address 513 N Dianthus Street BD/BA 3br/3ba SQFT 2770 sqft LOT 3250 PRICE $3,295,000 $PSF $1,190 DOM 86 DOM START $ $3,349,999 START 11/08/22
Address 124 2nd Street BD/BA 3br/2ba SQFT 1750 sqft LOT 2707 PRICE $6,395,000 $PSF $3,654 DOM 155 DOM START $ $6,875,000 START 08/31/22
Address 200 S Poinsettia Avenue BD/BA 6br/6ba SQFT 5061 sqft LOT 6256 PRICE $7,500,000 $PSF $1,482 DOM 275 DOM START $ $7,999,999 START 04/27/22
Address 1232 2nd Street BD/BA 4br/3ba SQFT 3526 sqft LOT 8258 PRICE $3,299,000 $PSF $936 DOM 95 DOM START $ $3,499,000 START 09/29/22
Address 2605 Vista Drive BD/BA 4br/4ba SQFT 2678 sqft LOT 3496 PRICE $4,499,000 $PSF $1,680 DOM 183 DOM START $ $4,699,000 START 08/03/22
Address 235 N Dianthus Street BD/BA 5br/5ba SQFT 5152 sqft LOT 6501 PRICE $5,999,000 $PSF $1,164 DOM 350 DOM START $ $8,000,000 START 02/17/22
Address 901 28th Street BD/BA 6br/8ba SQFT 5648 sqft LOT 6006 PRICE $5,999,000 $PSF $1,062 DOM 301 DOM START $ $6,249,000 START 04/07/22
Address 2522 The Strand BD/BA 3br/3ba SQFT 2660 sqft LOT 3498 PRICE $8,500,000 $PSF $3,195 DOM 127 DOM START $ $8,900,000 START 09/28/22
Address 845 11th Street BD/BA 6br/5ba SQFT 4315 sqft LOT 9938 PRICE $5,999,000 $PSF $1,390 DOM 318 DOM START $ $7,000,000 START 03/17/22

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