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 101 Highland Avenue BD/BA 4br/4ba SQFT 2050 sqft LOT 2698 PRICE $2,899,000 $PSF $1,414 DOM 58 DOM START $ $3,000,000 START 02/23/21
Address 825 Highview Avenue BD/BA 4br/5ba SQFT 4709 sqft LOT 5346 PRICE $9,750,000 $PSF $2,071 DOM 43 DOM START $ $10,195,000 START 03/03/21
Address 3412 Walnut Avenue BD/BA 4br/4ba SQFT 3560 sqft LOT 4588 PRICE $3,999,000 $PSF $1,123 DOM 61 DOM START $ $4,250,000 START 02/19/21
Address 421 1st Street BD/BA 4br/5ba SQFT 4081 sqft LOT 2710 PRICE $3,999,999 $PSF $980 DOM 210 DOM START $ $4,500,000 START 09/22/20
Address 865 3rd Street BD/BA 4br/5ba SQFT 4372 sqft LOT 5700 PRICE $5,599,000 $PSF $1,281 DOM 162 DOM START $ $5,999,000 START 11/10/20
Address 1642 2nd Street BD/BA 3br/2ba SQFT 1207 sqft LOT 5122 PRICE $1,799,000 $PSF $1,490 DOM 25 DOM START $ $1,849,000 START 03/22/21
Address 412 20th Street BD/BA 4br/3ba SQFT 2518 sqft LOT 2694 PRICE $3,399,000 $PSF $1,350 DOM 53 DOM START $ $3,500,000 START 02/25/21
Address 3104 Alma Avenue BD/BA 3br/4ba SQFT 2309 sqft LOT 3504 PRICE $2,675,000 $PSF $1,159 DOM 36 DOM START $ $2,749,000 START 03/11/21
Address 1140 Manhattan Beach Boulevard C BD/BA 2br/3ba SQFT 1197 sqft LOT 9562 PRICE $1,149,000 $PSF $960 DOM 52 DOM START $ $1,199,000 START 02/22/21
Address 2217 N Valley Drive BD/BA 4br/3ba SQFT 2855 sqft LOT 6027 PRICE $2,599,000 $PSF $910 DOM 23 DOM START $ $2,750,000 START 03/19/21
Address 200 Gull Street BD/BA 3br/2ba SQFT 1491 sqft LOT 1404 PRICE $1,885,000 $PSF $1,264 DOM 21 DOM START $ $1,998,000 START 03/26/21
Address 1657 Gates Ave BD/BA 4br/5ba SQFT 4197 sqft LOT 7500 PRICE $3,499,000 $PSF $834 DOM 17 DOM START $ $3,695,000 START 03/23/21
Address 429 31st Street BD/BA 4br/5ba SQFT 4246 sqft LOT 2705 PRICE $3,699,000 $PSF $871 DOM 298 DOM START $ $3,799,000 START 06/24/20
Address 112 23rd Place BD/BA 3br/4ba SQFT 1946 sqft LOT 2703 PRICE $3,499,000 $PSF $1,798 DOM 174 DOM START $ $3,700,000 START 10/01/20
Address 220 13th Street BD/BA 7br/6ba SQFT 3275 sqft LOT 2673 PRICE $4,699,000 $PSF $1,435 DOM 20 DOM START $ $4,875,000 START 01/24/21
Address 2316 The Strand BD/BA 6br/7ba SQFT 5715 sqft LOT 3503 PRICE $16,500,000 $PSF $2,887 DOM 118 DOM START $ $17,500,000 START 11/25/20
Address 200 15th Street BD/BA 7br/6ba SQFT 3084 sqft LOT 2844 PRICE $4,689,000 $PSF $1,520 DOM 312 DOM START $ $4,950,000 START 04/22/20
Address 201 15th Street BD/BA 6br/3ba SQFT 2093 sqft LOT 2701 PRICE $4,289,000 $PSF $2,049 DOM 312 DOM START $ $4,550,000 START 04/22/20
Address 2615 Crest Drive BD/BA 3br/5ba SQFT 3216 sqft LOT 1752 PRICE $5,999,999 $PSF $1,866 DOM 332 DOM START $ $6,499,000 START 05/01/20
Address 224 32nd Street BD/BA 4br/5ba SQFT 4367 sqft LOT 2698 PRICE $6,999,997 $PSF $1,603 DOM 272 DOM START $ $7,499,000 START 07/17/20
Address 428 Altura Way BD/BA 4br/2ba SQFT 3007 sqft LOT 7915 PRICE $3,248,000 $PSF $1,080 DOM 318 DOM START $ $3,999,000 START 06/04/20

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