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):

A Stunning Coastal Plantation Home In The Heart...

OPEN HOUSE

724 13th Street

Manhattan Beach, CA

  • 6 BR
  • 7 BA
  • 4,844 SqFt.
  • 2,999 Lot

$5,395,000

Active

DOM: 126

Price:
$5,395,000
BR/BA:
6br / 7ba
Sq. ft.:
4,844
Area:
143 - Manhattan Bch Tree
City:
Manhattan Beach
DOM:
126
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 3316 Vista Drive BD/BA 4br/3ba SQFT 2156 sqft LOT 2697 PRICE $3,049,000 $PSF $1,414 DOM 45 DOM START $ $3,295,000 START 10/20/22
Address 1658 Ruhland Avenue BD/BA 2br/1ba SQFT 819 sqft LOT 7458 PRICE $1,900,000 $PSF $2,320 DOM 24 DOM START $ $2,000,000 START 11/10/22
Address 317 8th Street BD/BA 3br/3ba SQFT 2176 sqft LOT 2695 PRICE $4,150,000 $PSF $1,907 DOM 151 DOM START $ $4,575,000 START 07/07/22
Address 1306 Voorhees Avenue BD/BA 3br/1ba SQFT 1051 sqft LOT 5500 PRICE $1,600,000 $PSF $1,522 DOM 18 DOM START $ $1,650,000 START 11/16/22
Address 2606 Pacific Avenue BD/BA 4br/3ba SQFT 3448 sqft LOT 4481 PRICE $2,889,000 $PSF $838 DOM 89 DOM START $ $2,999,888 START 09/06/22
Address 1143 23rd Street BD/BA 3br/2ba SQFT 1764 sqft LOT 5208 PRICE $1,988,888 $PSF $1,127 DOM 25 DOM START $ $2,088,888 START 10/06/22
Address 124 2nd Street BD/BA 3br/2ba SQFT 1750 sqft LOT 2707 PRICE $6,395,000 $PSF $3,654 DOM 96 DOM START $ $6,875,000 START 08/31/22
Address 1604 Magnolia Ave BD/BA 4br/3ba SQFT 2583 sqft LOT 4893 PRICE $3,294,999 $PSF $1,276 DOM 33 DOM START $ $3,295,000 START 11/01/22
Address 319 S Dianthus Street BD/BA 5br/7ba SQFT 5685 sqft LOT 5953 PRICE $10,995,000 $PSF $1,934 DOM 116 DOM START $ $12,999,000 START 08/11/22
Address 200 S Poinsettia Avenue BD/BA 6br/6ba SQFT 5061 sqft LOT 6256 PRICE $7,500,000 $PSF $1,482 DOM 215 DOM START $ $7,999,999 START 04/27/22
Address 724 13th Street BD/BA 6br/7ba SQFT 4844 sqft LOT 2999 PRICE $5,395,000 $PSF $1,114 DOM 126 DOM START $ $5,695,000 START 07/29/22
Address 461 35th Street BD/BA 3br/1ba SQFT 1034 sqft LOT 2708 PRICE $2,449,000 $PSF $2,368 DOM 191 DOM START $ $2,999,000 START 05/27/22
Address 1544 Mathews Avenue BD/BA 3br/2ba SQFT 1211 sqft LOT 7479 PRICE $1,750,000 $PSF $1,445 DOM 64 DOM START $ $1,850,000 START 08/30/22
Address 340 6th Street BD/BA 5br/5ba SQFT 3842 sqft LOT 2694 PRICE $7,950,000 $PSF $2,069 DOM 65 DOM START $ $8,500,000 START 09/30/22
Address 641 13th Street BD/BA 4br/3ba SQFT 1803 sqft LOT 2113 PRICE $2,729,000 $PSF $1,514 DOM 60 DOM START $ $2,900,000 START 10/05/22
Address 1232 2nd Street BD/BA 4br/3ba SQFT 3526 sqft LOT 8258 PRICE $3,299,000 $PSF $936 DOM 66 DOM START $ $3,499,000 START 09/29/22
Address 2605 Vista Drive BD/BA 4br/4ba SQFT 2678 sqft LOT 3496 PRICE $4,499,000 $PSF $1,680 DOM 124 DOM START $ $4,699,000 START 08/03/22
Address 235 N Dianthus Street BD/BA 5br/5ba SQFT 5152 sqft LOT 6501 PRICE $5,999,000 $PSF $1,164 DOM 290 DOM START $ $8,000,000 START 02/17/22

(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 1826 10th Street BD/BA 3br/2ba SQFT 1712 sqft LOT 7880 PRICE $1,995,000 $PSF $1,165 DOM 18 DOM START $ $1,995,000 START 11/16/22
Address 1646 Nelson Avenue BD/BA 5br/4ba SQFT 2876 sqft LOT 7499 PRICE $2,490,000 $PSF $866 DOM 44 DOM START $ $2,799,000 START 10/21/22
Address 23 Malaga Place West BD/BA 3br/3ba SQFT 2206 sqft LOT 5168 PRICE $2,295,000 $PSF $1,040 DOM 12 DOM START $ $2,295,000 START 11/22/22
Address 3616 Elm Avenue BD/BA 3br/2ba SQFT 1714 sqft LOT 4854 PRICE $1,599,999 $PSF $933 DOM 15 DOM START $ $1,599,999 START 11/10/22
Address 3004 Oak Avenue BD/BA 3br/2ba SQFT 1794 sqft LOT 4480 PRICE $2,199,000 $PSF $1,226 DOM 7 DOM START $ $2,199,000 START 11/10/22
Address 1305 Faymont Avenue BD/BA 2br/1ba SQFT 884 sqft LOT 5426 PRICE $1,500,000 $PSF $1,697 DOM 45 DOM START $ $1,500,000 START 10/03/22
Address 1717 8th St BD/BA 6br/6ba SQFT 4501 sqft LOT 7496 PRICE $3,999,998 $PSF $889 DOM 59 DOM START $ $4,250,000 START 10/06/22
Address 2704 Laurel Avenue BD/BA 4br/4ba SQFT 3200 sqft LOT 4644 PRICE $3,150,000 $PSF $984 DOM 60 DOM START $ $3,299,000 START 10/05/22
Address 1301 19th Street BD/BA 4br/2ba SQFT 1358 sqft LOT 5836 PRICE $1,799,000 $PSF $1,325 DOM 13 DOM START $ $1,849,000 START 10/27/22
Address 3201 Highland Avenue BD/BA 3br/2ba SQFT 1500 sqft LOT 1356 PRICE $2,200,000 $PSF $1,467 DOM 9 DOM START $ $2,200,000 START 10/28/22
Address 444 35th Street BD/BA 2br/2ba SQFT 1026 sqft LOT 2699 PRICE $2,530,000 $PSF $2,466 DOM 19 DOM START $ $2,530,000 START 10/14/22
Address 1509 Chestnut Avenue BD/BA 2br/2ba SQFT 1452 sqft LOT 4909 PRICE $1,495,000 $PSF $1,030 DOM 6 DOM START $ $1,495,000 START 10/27/22
Address 1747 2nd Street BD/BA 3br/2ba SQFT 1442 sqft LOT 6628 PRICE $2,195,000 $PSF $1,522 DOM 109 DOM START $ $2,395,000 START 07/11/22
Address 1446 23rd Street BD/BA 3br/2ba SQFT 1175 sqft LOT 7495 PRICE $1,999,000 $PSF $1,701 DOM 48 DOM START $ $2,399,000 START 09/06/22
Address 1531 5th Street BD/BA 4br/6ba SQFT 4663 sqft LOT 7507 PRICE $4,399,000 $PSF $943 DOM 14 DOM START $ $4,399,000 START 10/05/22
Address 817 Pacific Avenue BD/BA 3br/2ba SQFT 1510 sqft LOT 6254 PRICE $5,499,000 $PSF $3,642 DOM 206 DOM START $ $6,050,000 START 05/12/22
Address 34 Bermuda Ct BD/BA 3br/3ba SQFT 2077 sqft LOT 3163 PRICE $1,799,000 $PSF $866 DOM 47 DOM START $ $1,925,000 START 06/15/22
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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