Price Cuts Are Where the Action Is

This 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):

424 5th Manhattan Beach

• 4 BR
• 4 BA
• 2,823 SqFt.
• 2,755 Lot

• $5,249,000
• Active
• DOM: 21

RECENT PRICE CUT

1909 Harkness Street Manhattan Beach

• 5 BR
• 3 BA
• 2,413 SqFt.
• 5,418 Lot

• $2,899,000
• Active
• DOM: 22

RECENT PRICE CUT

4113 Crest Drive Manhattan Beach

• 3 BR
• 3 BA
• 2,295 SqFt.
• 1,350 Lot

• $4,400,000
• Active
• DOM: 58

RECENT PRICE CUT

501 23rd Street Manhattan Beach

• 6 BR
• 5 BA
• 5,100 SqFt.
• 4,511 Lot

• $5,880,000
• Active
• DOM: 60

RECENT PRICE CUT

1416 23rd Street Manhattan Beach

• 4 BR
• 3 BA
• 2,803 SqFt.
• 7,497 Lot

• $2,599,000
• Active
• DOM: 86

OPEN HOUSE

3601 Walnut Avenue Manhattan Beach

• 3 BR
• 2 BA
• 1,846 SqFt.
• 4,645 Lot

• $2,398,000
• Active
• DOM: 77

OPEN HOUSE

644 14th Street Manhattan Beach

• 3 BR
• 2 BA
• 1,680 SqFt.
• 5,000 Lot

• $2,995,000
• Active
• DOM: 23

REDUCED

1818 Flournoy Road Manhattan Beach

• 4 BR
• 4 BA
• 2,891 SqFt.
• 4,608 Lot

• $3,495,000
• Active
• DOM: 212

REDUCED

2905 Palm Avenue Manhattan Beach

• 3 BR
• 2 BA
• 1,611 SqFt.
• 4,634 Lot

• $2,699,000
• Active
• DOM: 56

OPEN HOUSE

3105 Oak Avenue Manhattan Beach

• 3 BR
• 2 BA
• 1,967 SqFt.
• 4,481 Lot

• $2,249,000
• Active
• DOM: 50

OPEN HOUSE

540 3rd Street Manhattan Beach

• 5 BR
• 6 BA
• 3,521 SqFt.
• 2,700 Lot

• $5,750,000
• Active
• DOM: 141

REDUCED

1639 3rd Street Manhattan Beach

• 5 BR
• 3 BA
• 4,098 SqFt.
• 7,506 Lot

• $2,999,000
• Active
• DOM: 54

OPEN HOUSE

1209 N Meadows Avenue Manhattan Beach

• 5 BR
• 6 BA
• 3,344 SqFt.
• 4,908 Lot

• $3,599,000
• Active
• DOM: 106

OPEN HOUSE

1425 15th Street Manhattan Beach

• 3 BR
• 3 BA
• 2,122 SqFt.
• N/A Lot

• $2,100,000
• Active
• DOM: 79

OPEN HOUSE

1423 15th Street Manhattan Beach

• 3 BR
• 3 BA
• 2,122 SqFt.
• N/A Lot

• $2,150,000
• Active
• DOM: 80

REDUCED

308 2nd Street Manhattan Beach

• 2 BR
• 2 BA
• 1,375 SqFt.
• 1,473 Lot

• $2,849,000
• Active
• DOM: 59

OPEN HOUSE

856 5th Street Manhattan Beach

• 3 BR
• 5 BA
• 4,400 SqFt.
• 5,704 Lot

• $5,250,000
• Active
• DOM: 281

OPEN HOUSE

593 26th Street Manhattan Beach

• 3 BR
• 4 BA
• 2,110 SqFt.
• 5,120 Lot

• $3,575,000
• Active
• DOM: 79

(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.