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 1406 Laurel Avenue BD/BA 5br/6ba SQFT 4552 sqft LOT 5992 PRICE $3,950,000 $PSF $868 DOM 108 DOM START $ $4,195,000 START 08/13/20
Address 2605 Alma Avenue 2 BD/BA 3br/3ba SQFT 1392 sqft LOT 2708 PRICE $1,775,000 $PSF $1,275 DOM 68 DOM START $ $1,829,000 START 09/22/20
Address 17 W Malaga Place BD/BA 3br/3ba SQFT 2016 sqft LOT 3044 PRICE $1,575,000 $PSF $781 DOM 40 DOM START $ $1,600,000 START 10/20/20
Address 3607 Bayview Drive BD/BA 3br/2ba SQFT 1725 sqft LOT 1745 PRICE $2,250,000 $PSF $1,304 DOM 53 DOM START $ $2,499,000 START 10/07/20
Address 4216 The Strand BD/BA 5br/6ba SQFT 3825 sqft LOT 3510 PRICE $6,795,000 $PSF $1,776 DOM 45 DOM START $ $7,249,000 START 10/15/20
Address 633 11th Street BD/BA 5br/6ba SQFT 5200 sqft LOT 5664 PRICE $6,750,000 $PSF $1,298 DOM 51 DOM START $ $6,950,000 START 10/09/20
Address 1631 22nd Street BD/BA 3br/2ba SQFT 1224 sqft LOT 4982 PRICE $1,799,500 $PSF $1,470 DOM 90 DOM START $ $1,849,000 START 08/31/20
Address 12 Dover Place BD/BA 3br/3ba SQFT 1891 sqft LOT 2605 PRICE $1,619,000 $PSF $856 DOM 53 DOM START $ $1,679,000 START 10/07/20
Address 612 Anderson Street BD/BA 3br/3ba SQFT 1707 sqft LOT 3250 PRICE $2,488,000 $PSF $1,458 DOM 33 DOM START $ $2,574,888 START 10/27/20
Address 101 Highland Avenue BD/BA 4br/4ba SQFT 2050 sqft LOT 2699 PRICE $2,949,000 $PSF $1,439 DOM 100 DOM START $ $2,999,000 START 08/21/20
Address 333 21st Place BD/BA 3br/4ba SQFT 1813 sqft LOT 2694 PRICE $2,600,000 $PSF $1,434 DOM 72 DOM START $ $2,795,000 START 09/18/20
Address 501 36th Pl (aka 500 Rosecrans Av) BD/BA 2br/1ba SQFT 892 sqft LOT 2951 PRICE $1,369,000 $PSF $1,535 DOM 92 DOM START $ $1,399,000 START 08/28/20
Address 1315 8th Street BD/BA 4br/3ba SQFT 3293 sqft LOT 7562 PRICE $2,695,000 $PSF $818 DOM 50 DOM START $ $2,845,000 START 10/10/20
Address 3212 Maple Avenue BD/BA 5br/5ba SQFT 3440 sqft LOT 4638 PRICE $3,299,000 $PSF $959 DOM 58 DOM START $ $3,449,000 START 10/02/20
Address 577 31st Street BD/BA 5br/6ba SQFT 4369 sqft LOT 5025 PRICE $4,299,000 $PSF $984 DOM 198 DOM START $ $4,479,000 START 05/15/20
Address 224 Shell Street BD/BA 4br/3ba SQFT 1736 sqft LOT 1351 PRICE $2,199,000 $PSF $1,267 DOM 221 DOM START $ $2,595,000 START 04/06/20
Address 1320 12th Street 2 BD/BA 2br/2ba SQFT 1257 sqft LOT 7019 PRICE $899,000 $PSF $715 DOM 82 DOM START $ $950,000 START 09/08/20
Address 4114 The Strand BD/BA 4br/6ba SQFT 2250 sqft LOT 3507 PRICE $4,750,000 $PSF $2,111 DOM 100 DOM START $ $5,495,000 START 08/21/20

(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 462 27th Street BD/BA 3br/3ba SQFT 2395 sqft LOT 2693 PRICE $3,100,000 $PSF $1,294 DOM 62 DOM START $ $3,250,000 START 09/28/20
Address 720 Manhattan Beach Boulevard BD/BA 2br/3ba SQFT 1853 sqft LOT 9993 PRICE $1,950,000 $PSF $1,052 DOM 10 DOM START $ $1,950,000 START 11/19/20
Address 1808 Elm Avenue BD/BA 5br/4ba SQFT 3099 sqft LOT 4480 PRICE $2,895,000 $PSF $934 DOM 16 DOM START $ $2,895,000 START 11/13/20
Address 3516 Pacific Avenue BD/BA 5br/4ba SQFT 3231 sqft LOT 4480 PRICE $2,599,000 $PSF $804 DOM 52 DOM START $ $2,650,000 START 10/08/20
Address 125 8th Street BD/BA 5br/6ba SQFT 4083 sqft LOT 2681 PRICE $7,995,000 $PSF $1,958 DOM 194 DOM START $ $8,495,000 START 05/19/20
Address 653 26th Street BD/BA 5br/5ba SQFT 3500 sqft LOT 5120 PRICE $3,500,000 $PSF $1,000 DOM 51 DOM START $ $3,650,000 START 10/09/20
Address 1417 9th Street BD/BA 3br/2ba SQFT 2280 sqft LOT 7501 PRICE $1,790,000 $PSF $785 DOM 5 DOM START $ $1,790,000 START 11/18/20
Address 648 29th Street BD/BA 5br/4ba SQFT 3539 sqft LOT 4805 PRICE $3,390,000 $PSF $958 DOM 25 DOM START $ $3,499,000 START 11/04/20
Address 440 6th Street BD/BA 6br/6ba SQFT 4144 sqft LOT 2695 PRICE $5,300,000 $PSF $1,279 DOM 11 DOM START $ $5,300,000 START 11/18/20
Address 216 36th Street BD/BA 2br/2ba SQFT 1020 sqft LOT 1070 PRICE $1,599,000 $PSF $1,568 DOM 115 DOM START $ $1,799,000 START 07/27/20
Address 3601 Laurel Avenue BD/BA 3br/2ba SQFT 1530 sqft LOT 5412 PRICE $1,950,000 $PSF $1,275 DOM 93 DOM START $ $2,295,000 START 07/15/20
Address 420 31st Street BD/BA 5br/6ba SQFT 4502 sqft LOT 2699 PRICE $4,750,000 $PSF $1,055 DOM 11 DOM START $ $4,750,000 START 11/18/20
Address 1721 8th Street BD/BA 6br/6ba SQFT 4581 sqft LOT 8750 PRICE $4,485,000 $PSF $979 DOM 17 DOM START $ $4,485,000 START 11/12/20
Address 2612 N Poinsettia Avenue BD/BA 5br/5ba SQFT 3244 sqft LOT 4450 PRICE $2,799,000 $PSF $863 DOM 137 DOM START $ $3,150,000 START 07/13/20
Address 1336 2nd Street BD/BA 3br/2ba SQFT 1223 sqft LOT 5001 PRICE $1,650,000 $PSF $1,349 DOM 2 DOM START $ $1,650,000 START 11/13/20
Address 17 Cordoba Court BD/BA 2br/2ba SQFT 1465 sqft LOT 2236 PRICE $1,199,999 $PSF $819 DOM 32 DOM START $ $1,279,000 START 10/15/20
Address 1300 12th Street A BD/BA 2br/3ba SQFT 1190 sqft LOT 11928 PRICE $1,199,000 $PSF $1,008 DOM 22 DOM START $ $1,199,000 START 11/07/20
Address 429 20th Street BD/BA 3br/2ba SQFT 1779 sqft LOT 2695 PRICE $3,199,000 $PSF $1,798 DOM 20 DOM START $ $3,199,000 START 11/09/20
Address 1400 21st Street BD/BA 6br/5ba SQFT 4562 sqft LOT 7443 PRICE $3,885,000 $PSF $852 DOM 14 DOM START $ $3,885,000 START 10/30/20
Address 1405 Oak Avenue BD/BA 4br/4ba SQFT 3114 sqft LOT 4203 PRICE $3,095,000 $PSF $994 DOM 26 DOM START $ $3,095,000 START 11/03/20
Address 1208 The Strand B BD/BA 2br/2ba SQFT 1190 sqft LOT 3317 PRICE $4,499,000 $PSF $3,781 DOM 6 DOM START $ $4,499,000 START 11/06/20
Address 308 3rd Street BD/BA 4br/4ba SQFT 2675 sqft LOT 3328 PRICE $4,495,000 $PSF $1,680 DOM 36 DOM START $ $4,495,000 START 10/24/20
Address 2004 Manzanita Lane BD/BA 5br/4ba SQFT 3062 sqft LOT 5398 PRICE $2,585,000 $PSF $844 DOM 38 DOM START $ $2,599,000 START 10/22/20
Address 531 13th Street BD/BA 4br/2ba SQFT 1925 sqft LOT 2102 PRICE $2,499,000 $PSF $1,298 DOM 145 DOM START $ $3,000,000 START 06/18/20
Address 520 13th Street BD/BA 4br/6ba SQFT 3550 sqft LOT 3000 PRICE $5,745,000 $PSF $1,618 DOM 66 DOM START $ $5,995,000 START 09/24/20
Address 936 8th Street BD/BA 7br/8ba SQFT 6692 sqft LOT 6502 PRICE $7,600,000 $PSF $1,136 DOM 73 DOM START $ $8,000,000 START 09/17/20
Address 444 34th Street BD/BA 4br/3ba SQFT 2812 sqft LOT 2694 PRICE $2,799,000 $PSF $995 DOM 75 DOM START $ $2,998,000 START 09/15/20
Address 307 Anderson Street BD/BA 5br/5ba SQFT 4738 sqft LOT 6500 PRICE $4,795,000 $PSF $1,012 DOM 2 DOM START $ $4,795,000 START 11/04/20
Address 641 27th Street BD/BA 2br/1ba SQFT 935 sqft LOT 4800 PRICE $2,239,000 $PSF $2,395 DOM 51 DOM START $ $2,349,000 START 09/17/20
Address 315 24th Street BD/BA 3br/4ba SQFT 2009 sqft LOT 2696 PRICE $3,199,000 $PSF $1,592 DOM 52 DOM START $ $3,199,000 START 10/08/20
Address 317 8th Street BD/BA 3br/3ba SQFT 1892 sqft LOT 2695 PRICE $3,499,000 $PSF $1,849 DOM 29 DOM START $ $3,499,000 START 10/31/20
Address 219 Aviation Place BD/BA 3br/3ba SQFT 1646 sqft LOT 59679 PRICE $1,025,000 $PSF $623 DOM 2 DOM START $ $1,025,000 START 10/29/20
Address 716 Manhattan Avenue BD/BA 3br/3ba SQFT 2298 sqft LOT 1665 PRICE $3,950,000 $PSF $1,719 DOM 4 DOM START $ $3,950,000 START 10/30/20
Address 748 Manhattan Beach Boulevard B BD/BA 3br/3ba SQFT 1407 sqft LOT 6426 PRICE $1,610,000 $PSF $1,144 DOM 120 DOM START $ $1,649,000 START 07/03/20
Address 1712 N Meadows Avenue BD/BA 5br/5ba SQFT 3531 sqft LOT 5600 PRICE $3,450,000 $PSF $977 DOM 58 DOM START $ $3,450,000 START 09/29/20
Address 1202 Tennyson Street 6 BD/BA 3br/3ba SQFT 1755 sqft LOT 13120 PRICE $1,149,000 $PSF $655 DOM 5 DOM START $ $1,149,000 START 10/20/20
Address 4021 Crest Drive BD/BA 2br/3ba SQFT 1450 sqft LOT 7213 PRICE $1,849,000 $PSF $1,275 DOM 38 DOM START $ $1,849,000 START 10/22/20
Address 51 Sausalito Circle BD/BA 3br/3ba SQFT 1820 sqft LOT 2754 PRICE $1,825,000 $PSF $1,003 DOM 53 DOM START $ $1,825,000 START 10/07/20
Address 1208 Tennyson Street 8 BD/BA 3br/3ba SQFT 1755 sqft LOT 12917 PRICE $1,099,000 $PSF $626 DOM 12 DOM START $ $1,099,000 START 10/16/20
Address 621 36th Street BD/BA 2br/2ba SQFT 1128 sqft LOT 5404 PRICE $1,850,000 $PSF $1,640 DOM 36 DOM START $ $1,850,000 START 09/21/20
Address 309 20th Place BD/BA 3br/2ba SQFT 1816 sqft LOT 2701 PRICE $2,325,000 $PSF $1,280 DOM 3 DOM START $ $2,325,000 START 10/21/20
Address 3309 Vista Drive BD/BA 3br/2ba SQFT 1686 sqft LOT 1769 PRICE $1,899,000 $PSF $1,126 DOM 8 DOM START $ $1,899,000 START 10/15/20
Address 412 8th Street BD/BA 5br/6ba SQFT 4424 sqft LOT 2707 PRICE $6,349,000 $PSF $1,435 DOM 92 DOM START $ $6,349,000 START 07/23/20
Address 1447 Manhattan Beach Boulevard E BD/BA 3br/3ba SQFT 1469 sqft LOT 5506 PRICE $995,000 $PSF $677 DOM 48 DOM START $ $995,000 START 10/12/20
Address 3412 Maple Avenue BD/BA 4br/3ba SQFT 2385 sqft LOT 4603 PRICE $2,295,000 $PSF $962 DOM 72 DOM START $ $2,395,000 START 08/04/20
Address 2113 Chestnut Avenue BD/BA 5br/6ba SQFT 3564 sqft LOT 5003 PRICE $3,000,000 $PSF $842 DOM 13 DOM START $ $3,000,000 START 09/21/20
Address 2101 Chestnut Avenue BD/BA 3br/2ba SQFT 1744 sqft LOT 4996 PRICE $1,985,000 $PSF $1,138 DOM 5 DOM START $ $1,985,000 START 10/09/20
Address 2201 N Valley Drive BD/BA 3br/1ba SQFT 936 sqft LOT 4401 PRICE $1,599,000 $PSF $1,708 DOM 82 DOM START $ $1,599,000 START 09/08/20

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