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 709 N Valley Drive BD/BA 3br/3ba SQFT 1356 sqft LOT 1931 PRICE $1,975,000 $PSF $1,456 DOM 64 DOM START $ $1,999,000 START 07/15/20
Address 228 28th Place BD/BA 2br/2ba SQFT 1556 sqft LOT 1357 PRICE $2,100,000 $PSF $1,350 DOM 35 DOM START $ $2,299,000 START 08/13/20
Address 906 9th Street BD/BA 6br/7ba SQFT 5422 sqft LOT 7255 PRICE $4,750,000 $PSF $876 DOM 29 DOM START $ $5,150,000 START 08/19/20
Address 712 Highland Avenue BD/BA 3br/4ba SQFT 2101 sqft LOT 3326 PRICE $3,595,000 $PSF $1,711 DOM 79 DOM START $ $3,795,000 START 06/30/20
Address 1126 Laurel Avenue BD/BA 4br/3ba SQFT 2312 sqft LOT 5160 PRICE $1,999,999 $PSF $865 DOM 168 DOM START $ $2,250,000 START 04/02/20
Address 1208 The Strand B BD/BA 2br/2ba SQFT 1190 sqft LOT 3317 PRICE $4,699,000 $PSF $3,949 DOM 36 DOM START $ $4,999,000 START 08/12/20
Address 1641 18th Street BD/BA 5br/4ba SQFT 3496 sqft LOT 4983 PRICE $2,850,000 $PSF $815 DOM 20 DOM START $ $2,999,000 START 08/28/20
Address 3606 Manhattan Avenue BD/BA 3br/3ba SQFT 1504 sqft LOT 3501 PRICE $2,350,000 $PSF $1,563 DOM 98 DOM START $ $2,600,000 START 06/11/20
Address 3603 Manhattan Avenue BD/BA 3br/4ba SQFT 1912 sqft LOT 2705 PRICE $2,999,000 $PSF $1,569 DOM 43 DOM START $ $3,200,000 START 08/05/20
Address 640 12th Street BD/BA 4br/3ba SQFT 2843 sqft LOT 3016 PRICE $2,699,000 $PSF $949 DOM 78 DOM START $ $2,799,000 START 07/01/20
Address 2601 Walnut Avenue BD/BA 3br/2ba SQFT 1922 sqft LOT 4486 PRICE $2,195,000 $PSF $1,142 DOM 28 DOM START $ $2,249,000 START 08/20/20
Address 1457 Manhattan Beach Boulevard B BD/BA 2br/3ba SQFT 1276 sqft LOT 5504 PRICE $1,148,500 $PSF $900 DOM 68 DOM START $ $1,175,000 START 02/27/20
Address 569 31st Street BD/BA 5br/5ba SQFT 3325 sqft LOT 5025 PRICE $3,199,000 $PSF $962 DOM 31 DOM START $ $3,399,000 START 08/17/20
Address 2612 N Poinsettia Avenue BD/BA 5br/5ba SQFT 3244 sqft LOT 4450 PRICE $2,975,000 $PSF $917 DOM 66 DOM START $ $3,150,000 START 07/13/20
Address 1159 Magnolia Avenue BD/BA 4br/4ba SQFT 3200 sqft LOT 4885 PRICE $2,649,000 $PSF $828 DOM 65 DOM START $ $2,799,000 START 07/12/20
Address 476 36th Street BD/BA 2br/1ba SQFT 784 sqft LOT 2707 PRICE $1,579,000 $PSF $2,014 DOM 62 DOM START $ $1,695,000 START 07/17/20
Address 2612 Highland Avenue BD/BA 4br/5ba SQFT 2745 sqft LOT 0 PRICE $5,399,000 $PSF $1,967 DOM 55 DOM START $ $5,699,000 START 07/24/20
Address 844 10th Street BD/BA 5br/6ba SQFT 4556 sqft LOT 6002 PRICE $4,595,000 $PSF $1,009 DOM 81 DOM START $ $4,895,000 START 06/21/20
Address 125 8th Street BD/BA 5br/6ba SQFT 4083 sqft LOT 2681 PRICE $7,995,000 $PSF $1,958 DOM 121 DOM START $ $8,495,000 START 05/19/20
Address 316 34th Street BD/BA 4br/4ba SQFT 2039 sqft LOT 1352 PRICE $2,870,000 $PSF $1,408 DOM 99 DOM START $ $2,949,000 START 06/04/20
Address 1447 Manhattan Beach Boulevard D BD/BA 3br/3ba SQFT 1445 sqft LOT 5506 PRICE $920,000 $PSF $637 DOM 111 DOM START $ $999,000 START 05/26/20
Address 531 13th Street BD/BA 4br/2ba SQFT 1925 sqft LOT 2102 PRICE $2,599,000 $PSF $1,350 DOM 91 DOM START $ $3,000,000 START 06/18/20
Address 3400 Palm Avenue BD/BA 5br/5ba SQFT 3436 sqft LOT 6199 PRICE $3,699,500 $PSF $1,077 DOM 51 DOM START $ $3,750,000 START 07/28/20
Address 3400 The Strand BD/BA 5br/6ba SQFT 5478 sqft LOT 3502 PRICE $14,900,000 $PSF $2,720 DOM 191 DOM START $ $15,900,000 START 03/10/20
Address 319 34th Place BD/BA 3br/4ba SQFT 2001 sqft LOT 2697 PRICE $2,599,000 $PSF $1,299 DOM 65 DOM START $ $2,649,000 START 07/14/20
Address 1804 The Strand BD/BA 5br/5ba SQFT 3994 sqft LOT 3329 PRICE $13,999,000 $PSF $3,505 DOM 219 DOM START $ $18,500,000 START 02/11/20
Address 35 Malaga Place BD/BA 3br/3ba SQFT 1820 sqft LOT 2498 PRICE $1,399,000 $PSF $769 DOM 66 DOM START $ $1,459,000 START 07/13/20
Address 405 20th Street BD/BA 3br/2ba SQFT 1464 sqft LOT 2697 PRICE $3,575,000 $PSF $2,442 DOM 93 DOM START $ $3,795,000 START 06/16/20
Address 2804 Highland Avenue BD/BA 4br/4ba SQFT 2398 sqft LOT 1754 PRICE $3,225,000 $PSF $1,345 DOM 55 DOM START $ $3,335,000 START 07/24/20
Address 1540 Curtis Avenue BD/BA 5br/5ba SQFT 4400 sqft LOT 7499 PRICE $3,500,000 $PSF $795 DOM 72 DOM START $ $3,599,000 START 07/07/20
Address 724 13th Street BD/BA 6br/7ba SQFT 4844 sqft LOT 2999 PRICE $4,995,000 $PSF $1,031 DOM 244 DOM START $ $5,495,000 START 08/21/19
Address 617 31st Street BD/BA 7br/8ba SQFT 5084 sqft LOT 5019 PRICE $5,299,000 $PSF $1,042 DOM 134 DOM START $ $5,495,000 START 05/06/20
Address 2600 Vista Drive BD/BA 5br/5ba SQFT 3775 sqft LOT 2702 PRICE $4,100,000 $PSF $1,086 DOM 90 DOM START $ $4,349,000 START 06/19/20
Address 229 8th Street BD/BA 5br/6ba SQFT 4145 sqft LOT 2703 PRICE $8,495,000 $PSF $2,049 DOM 91 DOM START $ $8,799,000 START 06/18/20
Address 428 Altura Way BD/BA 4br/2ba SQFT 3007 sqft LOT 7915 PRICE $3,249,000 $PSF $1,080 DOM 105 DOM START $ $3,999,000 START 06/04/20
Address 429 5th Street BD/BA 5br/4ba SQFT 3255 sqft LOT 2703 PRICE $4,595,000 $PSF $1,412 DOM 93 DOM START $ $4,895,000 START 06/16/20
Address 633 11th Street BD/BA 5br/7ba SQFT 5200 sqft LOT 5664 PRICE $6,950,000 $PSF $1,337 DOM 46 DOM START $ $7,450,000 START 08/01/20
Address 200 Shell Street BD/BA 3br/3ba SQFT 1920 sqft LOT 1353 PRICE $2,250,000 $PSF $1,172 DOM 63 DOM START $ $2,350,000 START 07/16/20
Address 224 Shell Street BD/BA 4br/3ba SQFT 1736 sqft LOT 1351 PRICE $2,545,000 $PSF $1,466 DOM 151 DOM START $ $2,595,000 START 04/06/20
Address 201 15th Street BD/BA 6br/3ba SQFT 2093 sqft LOT 2701 PRICE $4,299,000 $PSF $2,054 DOM 148 DOM START $ $4,550,000 START 04/22/20
Address 200 15th Street BD/BA 7br/6ba SQFT 3084 sqft LOT 2844 PRICE $4,699,000 $PSF $1,524 DOM 148 DOM START $ $4,950,000 START 04/22/20
Address 116 4th Street BD/BA 4br/5ba SQFT 4226 sqft LOT 2692 PRICE $11,900,000 $PSF $2,816 DOM 379 DOM START $ $15,900,000 START 08/06/19
Address 1215 Fisher Avenue BD/BA 5br/6ba SQFT 5400 sqft LOT 3000 PRICE $6,955,000 $PSF $1,288 DOM 119 DOM START $ $6,995,000 START 05/21/20
Address 224 16th Street BD/BA 5br/5ba SQFT 4224 sqft LOT 2698 PRICE $6,875,000 $PSF $1,628 DOM 397 DOM START $ $7,295,000 START 08/17/19
Address 2615 Crest Drive BD/BA 3br/6ba SQFT 3216 sqft LOT 1752 PRICE $6,199,000 $PSF $1,928 DOM 139 DOM START $ $6,499,000 START 05/01/20

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