Price Cuts Are Where the Action Is

By Dave Fratello | November 9th, 2017

224 32nd Street Manhattan Beach CAThis is the way the late season may continue...

In the past 7 days in Manhattan Beach:

7 new listings

10 new deals (escrows)

16 price cuts (3 via re-listings)

Yes, that's more than twice the number of existing listings making cuts than the market saw in new inventory.

Here are the 9 most recent cuts (email subscribers will probably need to view this post online to see the list):

Allow Your Luxurious Coastal Dream To Become A ...

RECENT PRICE CUT

1801 Oak Avenue

Manhattan Beach, CA

  • 6 BR
  • 5 BA
  • 5,251 SqFt.
  • 4,484 Lot

$4,790,000

Active

DOM: 131

Price:
$4,790,000
BR/BA:
6br / 5ba
Sq. ft.:
5,251
Area:
Tree Section
City:
Manhattan Beach
DOM:
131

Best Value For An Ocean View New Construction H...

RECENT PRICE CUT

3203 Vista Drive

Manhattan Beach, CA

  • 5 BR
  • 5 BA
  • 3,178 SqFt.
  • 1,751 Lot

$3,999,000

Active

DOM: 55

Price:
$3,999,000
BR/BA:
5br / 5ba
Sq. ft.:
3,178
Area:
Sand Section
City:
Manhattan Beach
DOM:
55
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 216 13th Street BD/BA 5br/5ba SQFT 4620 sqft LOT 2706 PRICE $7,499,000 $PSF $1,623 DOM 76 DOM START $ $7,999,000 START 12/05/19
Address 2100 Wendy Way BD/BA 2br/1ba SQFT 1091 sqft LOT 5503 PRICE $1,599,000 $PSF $1,466 DOM 13 DOM START $ $1,625,000 START 02/06/20
Address 2818 N Ardmore Avenue BD/BA 5br/5ba SQFT 3514 sqft LOT 5007 PRICE $2,798,000 $PSF $796 DOM 159 DOM START $ $2,799,000 START 09/13/19
Address 2205 Vista Drive BD/BA 4br/4ba SQFT 2600 sqft LOT 3520 PRICE $3,349,000 $PSF $1,288 DOM 82 DOM START $ $3,499,000 START 11/18/19
Address 1801 Oak Avenue BD/BA 6br/5ba SQFT 5251 sqft LOT 4484 PRICE $4,790,000 $PSF $912 DOM 131 DOM START $ $4,999,000 START 10/11/19
Address 709 N Valley Drive BD/BA 3br/3ba SQFT 1356 sqft LOT 1931 PRICE $2,424,000 $PSF $1,788 DOM 76 DOM START $ $2,575,000 START 12/05/19
Address 3203 Vista Drive BD/BA 5br/5ba SQFT 3178 sqft LOT 1751 PRICE $3,999,000 $PSF $1,258 DOM 55 DOM START $ $4,200,000 START 12/26/19
Address 222 1st Place BD/BA 3br/4ba SQFT 2008 sqft LOT 2703 PRICE $3,075,000 $PSF $1,531 DOM 116 DOM START $ $3,399,000 START 09/18/19
Address 1619 9th Street BD/BA 5br/6ba SQFT 4948 sqft LOT 7507 PRICE $4,690,000 $PSF $948 DOM 106 DOM START $ $4,790,000 START 10/10/19
Address 308 20th Pl (aka 309 20th Street) Place BD/BA 5br/5ba SQFT 4200 sqft LOT 2709 PRICE $6,750,000 $PSF $1,607 DOM 78 DOM START $ $6,995,000 START 12/03/19
Address 1776 Voorhees Avenue BD/BA 3br/2ba SQFT 1622 sqft LOT 4855 PRICE $1,499,000 $PSF $924 DOM 43 DOM START $ $1,599,900 START 01/07/20
Address 2104 Flournoy Road BD/BA 5br/5ba SQFT 4300 sqft LOT 8617 PRICE $6,495,000 $PSF $1,510 DOM 29 DOM START $ $6,995,000 START 01/21/20
Address 2509 Poinsettia Avenue BD/BA 5br/4ba SQFT 3294 sqft LOT 4481 PRICE $2,949,000 $PSF $895 DOM 93 DOM START $ $2,995,000 START 11/01/19
Address 3215 Vista Drive BD/BA 3br/4ba SQFT 2400 sqft LOT 3500 PRICE $2,499,000 $PSF $1,041 DOM 118 DOM START $ $2,599,000 START 10/24/19
Address 811 1st Street BD/BA 3br/2ba SQFT 1596 sqft LOT 5126 PRICE $2,999,999 $PSF $1,880 DOM 320 DOM START $ $3,250,000 START 04/05/19
Address 432 Marine Avenue BD/BA 3br/4ba SQFT 2041 sqft LOT 2709 PRICE $2,699,000 $PSF $1,322 DOM 71 DOM START $ $2,799,000 START 12/08/19
Address 441 1st Street BD/BA 5br/4ba SQFT 4676 sqft LOT 2799 PRICE $3,499,000 $PSF $748 DOM 97 DOM START $ $3,699,999 START 11/13/19
Address 28 Westport BD/BA 4br/3ba SQFT 2778 sqft LOT 5383 PRICE $2,650,000 $PSF $954 DOM 191 DOM START $ $2,800,000 START 08/12/19

(The listing photo featured at the top is for 224 32nd, recently down to $4.500M.)

You can see every active listing with a price cut (newest first) on this page: Newest Price Cuts

The reason for this may seem obvious. If you've got a listing out there in November/December, and you decide to keep it going, it's because you want to sell. As a seller, you have to show buyers something. The time for waiting for people to come to you is past.

We're not going to sell short the volume or quantity of sales happening recently, though.

We already noted in our market update for Oct. 16-31 that there was a good sales pace for the period.

Below are the most recently posted deals/new escrows. (Email subscribers will probably need to view this post online to see the list.)

Yes, there are buyers out there.

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 1651 23rd Street BD/BA 3br/2ba SQFT 1208 sqft LOT 4972 PRICE $1,425,000 $PSF $1,180 DOM 103 DOM START $ $1,450,000 START 11/08/19
Address 2101 Chestnut Avenue BD/BA 3br/2ba SQFT 1744 sqft LOT 4996 PRICE $1,799,000 $PSF $1,032 DOM 7 DOM START $ $1,799,000 START 02/12/20
Address 600 Anderson Street BD/BA 3br/3ba SQFT 2025 sqft LOT 7151 PRICE $3,649,000 $PSF $1,802 DOM 120 DOM START $ $3,649,000 START 10/22/19
Address 1632 11th Street BD/BA 3br/2ba SQFT 2202 sqft LOT 7502 PRICE $2,299,900 $PSF $1,044 DOM 7 DOM START $ $2,299,900 START 02/10/20
Address 310 36th BD/BA 2br/1ba SQFT 1016 sqft LOT 1757 PRICE $1,800,000 $PSF $1,772 DOM 14 DOM START $ $1,800,000 START 02/05/20
Address 200 Ingleside Drive BD/BA 4br/5ba SQFT 4914 sqft LOT 2691 PRICE $3,250,000 $PSF $661 DOM 69 DOM START $ $3,450,000 START 12/12/19
Address 410 31st Street BD/BA 3br/2ba SQFT 1590 sqft LOT 1427 PRICE $2,199,000 $PSF $1,383 DOM 15 DOM START $ $2,199,000 START 01/02/20
Address 822 6th Street BD/BA 3br/3ba SQFT 1902 sqft LOT 4988 PRICE $2,999,000 $PSF $1,577 DOM 7 DOM START $ $2,999,000 START 02/05/20
Address 2112 Magnolia Avenue BD/BA 4br/3ba SQFT 2567 sqft LOT 5005 PRICE $2,199,000 $PSF $857 DOM 13 DOM START $ $2,199,000 START 02/06/20
Address 1500 Lynngrove Drive BD/BA 3br/2ba SQFT 1775 sqft LOT 6021 PRICE $1,795,000 $PSF $1,011 DOM 4 DOM START $ $1,795,000 START 02/07/20
Address 432 23rd Street BD/BA 3br/4ba SQFT 2000 sqft LOT 2702 PRICE $2,695,000 $PSF $1,348 DOM 13 DOM START $ $2,695,000 START 02/06/20
Address 2301 Grandview Avenue BD/BA 3br/4ba SQFT 1823 sqft LOT 2725 PRICE $2,399,000 $PSF $1,316 DOM 12 DOM START $ $2,399,000 START 02/06/20
Address 2304 The Strand BD/BA 3br/3ba SQFT 2360 sqft LOT 3497 PRICE $7,950,000 $PSF $3,369 DOM 335 DOM START $ $9,950,000 START 01/18/19
Address 1315 21st Street BD/BA 3br/3ba SQFT 2596 sqft LOT 7496 PRICE $2,499,000 $PSF $963 DOM 20 DOM START $ $2,499,000 START 01/30/20
Address 852 8th Street BD/BA 5br/6ba SQFT 4705 sqft LOT 5691 PRICE $6,195,000 $PSF $1,317 DOM 16 DOM START $ $6,195,000 START 02/03/20

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