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 905 N Valley Drive BD/BA 3br/2ba SQFT 1296 sqft LOT 2268 PRICE $2,700,000 $PSF $2,083 DOM 19 DOM START $ $2,800,000 START 06/16/22
Address 7 Laguna Court BD/BA 3br/3ba SQFT 1876 sqft LOT 1868 PRICE $1,750,000 $PSF $933 DOM 33 DOM START $ $1,999,000 START 06/02/22
Address 34 Bermuda Ct BD/BA 3br/3ba SQFT 2077 sqft LOT 3163 PRICE $1,799,000 $PSF $866 DOM 20 DOM START $ $1,925,000 START 06/15/22
Address 327 36th Street BD/BA 3br/2ba SQFT 2221 sqft LOT 1351 PRICE $3,395,000 $PSF $1,529 DOM 43 DOM START $ $3,500,000 START 05/23/22
Address 472 29th Street BD/BA 5br/6ba SQFT 4603 sqft LOT 2998 PRICE $4,695,000 $PSF $1,020 DOM 55 DOM START $ $4,900,000 START 05/11/22
Address 221 33rd Street BD/BA 3br/3ba SQFT 1723 sqft LOT 1347 PRICE $3,395,000 $PSF $1,970 DOM 47 DOM START $ $3,495,000 START 05/19/22
Address 3612 Alma Avenue BD/BA 4br/4ba SQFT 2510 sqft LOT 3503 PRICE $3,395,000 $PSF $1,353 DOM 40 DOM START $ $3,495,000 START 05/26/22
Address 1400 19th Street BD/BA 6br/7ba SQFT 5255 sqft LOT 6942 PRICE $4,300,000 $PSF $818 DOM 101 DOM START $ $4,500,000 START 03/26/22
Address 24 Bermuda Court BD/BA 3br/3ba SQFT 2077 sqft LOT 3336 PRICE $2,089,000 $PSF $1,006 DOM 34 DOM START $ $2,189,000 START 06/01/22
Address 1630 Marine Ave BD/BA 3br/2ba SQFT 1680 sqft LOT 4990 PRICE $1,749,000 $PSF $1,041 DOM 41 DOM START $ $1,899,000 START 05/25/22
Address 209 15th Street BD/BA 3br/2ba SQFT 1300 sqft LOT 1345 PRICE $3,099,000 $PSF $2,384 DOM 46 DOM START $ $3,299,000 START 05/20/22
Address 459 35th Street BD/BA 5br/4ba SQFT 3552 sqft LOT 2701 PRICE $4,499,000 $PSF $1,267 DOM 46 DOM START $ $7,500,000 START 05/20/22
Address 235 N Dianthus Street BD/BA 5br/5ba SQFT 5152 sqft LOT 6501 PRICE $6,999,000 $PSF $1,359 DOM 138 DOM START $ $8,000,000 START 02/17/22
Address 845 11th Street BD/BA 5br/5ba SQFT 4315 sqft LOT 9938 PRICE $5,999,000 $PSF $1,390 DOM 106 DOM START $ $7,000,000 START 03/17/22
Address 320 20th Street BD/BA 4br/5ba SQFT 5100 sqft LOT 2700 PRICE $5,249,000 $PSF $1,029 DOM 95 DOM START $ $5,599,000 START 03/03/22

(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 2311 Palm Avenue BD/BA 4br/4ba SQFT 3588 sqft LOT 5061 PRICE $3,995,000 $PSF $1,113 DOM 10 DOM START $ $3,995,000 START 06/25/22
Address 1900 The Strand BD/BA 2br/3ba SQFT 3635 sqft LOT 3328 PRICE $15,900,000 $PSF $4,374 DOM 12 DOM START $ $15,900,000 START 06/23/22
Address 2804 The Strand BD/BA 3br/4ba SQFT 2932 sqft LOT 3481 PRICE $13,499,000 $PSF $4,604 DOM 279 DOM START $ $16,499,000 START 09/29/21
Address 1023 11th Street BD/BA 4br/2ba SQFT 1700 sqft LOT 6243 PRICE $1,995,000 $PSF $1,174 DOM 12 DOM START $ $1,995,000 START 06/23/22
Address 2004 Manzanita Lane BD/BA 5br/4ba SQFT 3062 sqft LOT 5398 PRICE $3,368,000 $PSF $1,100 DOM 11 DOM START $ $3,368,000 START 06/24/22
Address 1457 2nd Street BD/BA 2br/2ba SQFT 971 sqft LOT 6640 PRICE $1,849,000 $PSF $1,904 DOM 12 DOM START $ $1,849,000 START 06/23/22
Address 207 S. Redondo Ave BD/BA 5br/6ba SQFT 4429 sqft LOT 7502 PRICE $3,899,000 $PSF $880 DOM 12 DOM START $ $3,899,000 START 06/22/22
Address 1323 17th Street 2 BD/BA 4br/4ba SQFT 3653 sqft LOT 7007 PRICE $2,150,000 $PSF $589 DOM 82 DOM START $ $2,495,000 START 04/08/22
Address 1155 11th Street 8 BD/BA 2br/3ba SQFT 1542 sqft LOT 28916 PRICE $1,229,000 $PSF $797 DOM 34 DOM START $ $1,229,000 START 06/01/22
Address 2807 Elm Avenue BD/BA 5br/5ba SQFT 3471 sqft LOT 5601 PRICE $4,095,000 $PSF $1,180 DOM 47 DOM START $ $4,195,000 START 05/16/22
Address 113 S Aviation Boulevard BD/BA 4br/4ba SQFT 2248 sqft LOT 5301 PRICE $1,899,000 $PSF $845 DOM 48 DOM START $ $1,949,000 START 05/18/22
Address 1018 9th Street BD/BA 5br/6ba SQFT 3930 sqft LOT 7251 PRICE $5,825,000 $PSF $1,482 DOM 12 DOM START $ $5,825,000 START 06/02/22
Address 2400 Alma Avenue BD/BA 4br/4ba SQFT 2818 sqft LOT 3513 PRICE $4,550,000 $PSF $1,615 DOM 54 DOM START $ $4,850,000 START 05/12/22
Address 613 Aviation Way BD/BA 3br/3ba SQFT 1850 sqft LOT 7490 PRICE $1,740,000 $PSF $941 DOM 75 DOM START $ $1,659,000 START 04/21/22
Address 1516 The Strand BD/BA 4br/4ba SQFT 4953 sqft LOT 3330 PRICE $17,500,000 $PSF $3,533 DOM 153 DOM START $ $17,500,000 START 01/21/22
Address 4114 The Strand BD/BA 4br/6ba SQFT 2250 sqft LOT 3507 PRICE $4,150,000 $PSF $1,844 DOM 32 DOM START $ $4,150,000 START 06/03/22
Address 1500 Curtis Avenue BD/BA 3br/3ba SQFT 2873 sqft LOT 6229 PRICE $2,450,000 $PSF $853 DOM 19 DOM START $ $2,450,000 START 06/16/22
Address 1812 Marine Avenue BD/BA 4br/3ba SQFT 1938 sqft LOT 5077 PRICE $1,950,000 $PSF $1,006 DOM 46 DOM START $ $1,775,000 START 05/18/22
Address 2521 Alma Avenue BD/BA 5br/4ba SQFT 3423 sqft LOT 4052 PRICE $4,000,000 $PSF $1,169 DOM 47 DOM START $ $4,000,000 START 05/19/22
Address 235 4th Street BD/BA 4br/6ba SQFT 4308 sqft LOT 2478 PRICE $8,425,000 $PSF $1,956 DOM 39 DOM START $ $8,425,000 START 05/27/22
Address 2800 Laurel Avenue BD/BA 4br/4ba SQFT 3880 sqft LOT 4640 PRICE $3,599,000 $PSF $928 DOM 35 DOM START $ $3,599,000 START 05/31/22
Address 319 26th Place BD/BA 3br/3ba SQFT 1713 sqft LOT 1351 PRICE $2,895,000 $PSF $1,690 DOM 34 DOM START $ $2,995,000 START 06/01/22
Address 1761 10th Street BD/BA 4br/3ba SQFT 3114 sqft LOT 7466 PRICE $2,850,000 $PSF $915 DOM 33 DOM START $ $2,850,000 START 06/02/22
Address 1420 Elm Avenue BD/BA 5br/4ba SQFT 3432 sqft LOT 4203 PRICE $3,699,000 $PSF $1,078 DOM 50 DOM START $ $4,000,000 START 04/21/22
Address 2515 Alma Avenue BD/BA 5br/5ba SQFT 3882 sqft LOT 4052 PRICE $3,500,000 $PSF $902 DOM 47 DOM START $ $3,500,000 START 05/19/22
Address 316 7th Street BD/BA 3br/2ba SQFT 1240 sqft LOT 2673 PRICE $3,895,000 $PSF $3,141 DOM 5 DOM START $ $3,895,000 START 06/01/22
Address 1022 9th Street BD/BA 4br/2ba SQFT 1770 sqft LOT 7251 PRICE $2,900,000 $PSF $1,638 DOM 8 DOM START $ $2,900,000 START 06/01/22
Address 3201 N Valley Drive BD/BA 4br/5ba SQFT 2652 sqft LOT 5015 PRICE $3,299,000 $PSF $1,244 DOM 33 DOM START $ $3,299,000 START 06/02/22
Address 1320 12th Street F BD/BA 2br/2ba SQFT 1260 sqft LOT 7019 PRICE $995,000 $PSF $790 DOM 7 DOM START $ $995,000 START 05/23/22
Address 1208 The Strand A BD/BA 2br/2ba SQFT 1190 sqft LOT 3317 PRICE $4,999,000 $PSF $4,201 DOM 47 DOM START $ $4,999,000 START 05/19/22
Address 1404 Manhattan Avenue BD/BA 2br/2ba SQFT 869 sqft LOT 2987 PRICE $4,999,000 $PSF $5,753 DOM 14 DOM START $ $4,999,000 START 05/13/22
Address 937 11th Street A BD/BA 3br/3ba SQFT 1714 sqft LOT 6232 PRICE $1,749,000 $PSF $1,020 DOM 4 DOM START $ $1,749,000 START 06/03/22
Address 1837 8th Street BD/BA 3br/3ba SQFT 2264 sqft LOT 7502 PRICE $2,699,000 $PSF $1,192 DOM 4 DOM START $ $2,699,000 START 06/03/22
Address 301 4th St BD/BA 4br/3ba SQFT 1779 sqft LOT 1835 PRICE $4,000,000 $PSF $2,248 DOM 33 DOM START $ $4,000,000 START 06/02/22
Address 595 35th Street BD/BA 6br/5ba SQFT 3704 sqft LOT 5403 PRICE $4,100,000 $PSF $1,107 DOM 5 DOM START $ $4,100,000 START 06/02/22
Address 2804 Highland Avenue BD/BA 4br/4ba SQFT 2398 sqft LOT 1754 PRICE $3,499,000 $PSF $1,459 DOM 33 DOM START $ $3,499,000 START 06/02/22
Address 750 14th Street BD/BA 4br/3ba SQFT 3049 sqft LOT 4639 PRICE $3,250,000 $PSF $1,066 DOM 15 DOM START $ $3,250,000 START 05/05/22
Address 3521 Elm Avenue BD/BA 3br/2ba SQFT 1225 sqft LOT 4640 PRICE $2,275,000 $PSF $1,857 DOM 2 DOM START $ $2,275,000 START 05/28/22
Address 2603 Flournoy Road BD/BA 3br/2ba SQFT 1609 sqft LOT 4481 PRICE $2,799,000 $PSF $1,740 DOM 10 DOM START $ $3,000,000 START 05/19/22
Address 600 Anderson Street BD/BA 3br/3ba SQFT 2025 sqft LOT 7151 PRICE $4,699,000 $PSF $2,320 DOM 50 DOM START $ $4,699,000 START 05/12/22
Address 615 23rd Street BD/BA 5br/6ba SQFT 4388 sqft LOT 4404 PRICE $5,999,000 $PSF $1,367 DOM 6 DOM START $ $5,999,000 START 04/21/22
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 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 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

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