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):

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 300 N Dianthus Street BD/BA 6br/6ba SQFT 5500 sqft LOT 7565 PRICE $6,649,000 $PSF $1,209 DOM 104 DOM START $ $6,999,000 START 10/06/21
Address 320 23rd Street BD/BA 3br/4ba SQFT 1783 sqft LOT 2700 PRICE $2,950,000 $PSF $1,655 DOM 120 DOM START $ $3,195,000 START 09/20/21
Address 522 Rosecrans Avenue BD/BA 3br/2ba SQFT 1092 sqft LOT 3006 PRICE $1,575,000 $PSF $1,442 DOM 217 DOM START $ $1,699,000 START 06/15/21
Address 600 Anderson Street BD/BA 3br/3ba SQFT 2025 sqft LOT 7151 PRICE $4,799,000 $PSF $2,370 DOM 47 DOM START $ $4,999,000 START 12/02/21
Address 868 9th Street BD/BA 5br/6ba SQFT 5526 sqft LOT 5795 PRICE $8,300,000 $PSF $1,502 DOM 214 DOM START $ $9,868,000 START 06/18/21
Address 2522 The Strand BD/BA 3br/4ba SQFT 2740 sqft LOT 3498 PRICE $7,999,000 $PSF $2,919 DOM 160 DOM START $ $8,500,000 START 08/11/21
Address 2804 The Strand BD/BA 3br/4ba SQFT 2932 sqft LOT 3481 PRICE $14,999,999 $PSF $5,116 DOM 111 DOM START $ $16,499,000 START 09/29/21
Address 224 29th Street BD/BA 5br/6ba SQFT 5219 sqft LOT 3155 PRICE $8,999,000 $PSF $1,724 DOM 245 DOM START $ $9,500,000 START 05/18/21
Address 201 15th Street BD/BA 6br/3ba SQFT 2093 sqft LOT 2701 PRICE $3,599,000 $PSF $1,720 DOM 606 DOM START $ $4,550,000 START 04/22/20

(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 219 Anderson Street BD/BA 6br/7ba SQFT 6483 sqft LOT 8141 PRICE $8,950,000 $PSF $1,381 DOM 110 DOM START $ $10,000,000 START 09/30/21
Address 559 33rd Street BD/BA 5br/5ba SQFT 4442 sqft LOT 5395 PRICE $5,999,000 $PSF $1,351 DOM 15 DOM START $ $5,999,000 START 01/03/22
Address 1716 Pine Avenue BD/BA 2br/1ba SQFT 803 sqft LOT 4487 PRICE $1,799,000 $PSF $2,240 DOM 5 DOM START $ $1,799,000 START 01/06/22
Address 1701 Ruhland BD/BA 4br/2ba SQFT 2135 sqft LOT 7939 PRICE $2,399,000 $PSF $1,124 DOM 33 DOM START $ $2,500,000 START 12/01/21
Address 2904 Alma Avenue BD/BA 3br/4ba SQFT 2417 sqft LOT 3502 PRICE $3,136,000 $PSF $1,297 DOM 124 DOM START $ $3,136,000 START 09/16/21
Address 1505 Gates Avenue BD/BA 5br/4ba SQFT 4026 sqft LOT 7495 PRICE $3,230,000 $PSF $802 DOM 46 DOM START $ $3,230,000 START 11/17/21
Address 420 5th Street BD/BA 5br/7ba SQFT 4282 sqft LOT 2699 PRICE $6,845,000 $PSF $1,599 DOM 84 DOM START $ $6,845,000 START 09/22/21
Address 509 Marine Avenue BD/BA 6br/5ba SQFT 4179 sqft LOT 3709 PRICE $4,399,000 $PSF $1,053 DOM 273 DOM START $ $4,399,000 START 04/20/21
Address 1618 11th Street BD/BA 7br/7ba SQFT 5007 sqft LOT 7501 PRICE $5,475,000 $PSF $1,093 DOM 19 DOM START $ $5,475,000 START 12/30/21
Address 440 31st Street BD/BA 5br/4ba SQFT 3600 sqft LOT 2694 PRICE $3,799,000 $PSF $1,055 DOM 212 DOM START $ $4,100,000 START 06/03/21
Address 357 S Meadows Avenue BD/BA 4br/4ba SQFT 3546 sqft LOT 9592 PRICE $2,895,000 $PSF $816 DOM 78 DOM START $ $3,200,000 START 11/01/21
Address 10 Dover Place BD/BA 2br/2ba SQFT 1350 sqft LOT 3699 PRICE $1,500,000 $PSF $1,111 DOM 41 DOM START $ $1,500,000 START 12/08/21
Address 1300 8th Street BD/BA 4br/4ba SQFT 2778 sqft LOT 7812 PRICE $2,989,000 $PSF $1,076 DOM 6 DOM START $ $2,989,000 START 12/13/21
Address 757 Manhattan Beach Boulevard BD/BA 2br/3ba SQFT 1986 sqft LOT 7710 PRICE $2,149,000 $PSF $1,082 DOM 39 DOM START $ $2,149,000 START 12/10/21
Address 1136 11th Street B BD/BA 4br/3ba SQFT 2642 sqft LOT 7504 PRICE $1,850,000 $PSF $700 DOM 8 DOM START $ $1,850,000 START 12/01/21
Address 404 17th Street BD/BA 3br/3ba SQFT 3149 sqft LOT 2636 PRICE $4,199,000 $PSF $1,333 DOM 252 DOM START $ $4,600,000 START 05/11/21
Address 312 Manhattan Avenue BD/BA 2br/2ba SQFT 972 sqft LOT 1669 PRICE $2,999,999 $PSF $3,086 DOM 16 DOM START $ $2,999,999 START 11/11/21
Address 2707 N Poinsettia Avenue BD/BA 5br/6ba SQFT 4400 sqft LOT 4460 PRICE $4,649,000 $PSF $1,057 DOM 166 DOM START $ $4,895,000 START 07/22/21
Address 4104 The Strand BD/BA 3br/2ba SQFT 1948 sqft LOT 3493 PRICE $6,499,000 $PSF $3,336 DOM 21 DOM START $ $6,499,000 START 11/01/21
Address 693 19th Street BD/BA 5br/4ba SQFT 3312 sqft LOT 6043 PRICE $2,999,999 $PSF $906 DOM 55 DOM START $ $2,999,999 START 10/07/21
Address 1603 6th Street BD/BA 6br/5ba SQFT 5656 sqft LOT 8635 PRICE $3,999,999 $PSF $707 DOM 133 DOM START $ $3,999,999 START 09/07/21
Address 3521 Palm Avenue BD/BA 4br/3ba SQFT 2775 sqft LOT 4636 PRICE $2,799,000 $PSF $1,009 DOM 7 DOM START $ $2,799,000 START 08/04/21
Address 3612 Alma Avenue BD/BA 4br/4ba SQFT 2510 sqft LOT 3503 PRICE $2,750,000 $PSF $1,096 DOM 10 DOM START $ $2,750,000 START 07/23/21
Address 577 36th Street BD/BA 5br/5ba SQFT 4000 sqft LOT 5334 PRICE $4,249,000 $PSF $1,062 DOM 0 DOM START $ $4,249,000 START 11/30/-1
Address 616 12th Street BD/BA 5br/5ba SQFT 4300 sqft LOT 2998 PRICE $6,500,000 $PSF $1,512 DOM 223 DOM START $ $6,500,000 START 06/09/21
Address 614 The Strand BD/BA 4br/3ba SQFT 2128 sqft LOT 3406 PRICE $13,000,000 $PSF $6,109 DOM 76 DOM START $ $13,000,000 START 03/04/19
Address 220 11th Street BD/BA 4br/4ba SQFT 2256 sqft LOT 2709 PRICE $4,500,000 $PSF $1,995 DOM 19 DOM START $ $5,000,000 START 04/20/18
Address 600 29th Street BD/BA 2br/2ba SQFT 2346 sqft LOT 4200 PRICE $2,675,000 $PSF $1,140 DOM 0 DOM START $ $2,675,000 START 11/20/21
Address 1825 Pacific Avenue BD/BA 4br/5ba SQFT 3350 sqft LOT 4778 PRICE $4,250,000 $PSF $1,269 DOM 0 DOM START $ $4,250,000 START 12/27/21
Address 617 36th Street BD/BA 6br/7ba SQFT 3660 sqft LOT 5404 PRICE $4,225,000 $PSF $1,154 DOM 4 DOM START $ $4,225,000 START 01/14/22

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