price cuts

Found 164 blog entries about price cuts.

People want to sell their homes. They know the Manhattan Beach market has been white-hot for as long as anyone can remember. (Well, 3-4 years, but how long can you remember?)

So they try for the most money they can. And then reality intervenes.

Here's more proof that the market in general, and 2016's market, in particular, doesn't look like those go-go days when you could simply name a number and people would be lining up at the door to offer more.

This list of recent sales with notable price cuts simply comes from sales so far in the month of October:

933 9th Street Manhattan Beach CA933 9th (4br/3ba, 3950 sqft.) is a Hill Section home on a big (7500 sqft.) downsloping lot that was built in the 1980s.

There have been updates since, with a glam polished-stone floor,…

Here we were just saying last month that "[a]uctions are fun. Auctions are interesting."

710 Manhattan Beach Boulevard Manhattan Beach CAThere was one coming up for a condo at 710 MB Blvd.(3br/3ba, 1675 sqft.). On Saturday, they were going to auction it off. (See "Auctions Aren't Always Distress Calls.")

But no.

Because the "luxury auction" was much more in the discretion of the seller. By setting what they thought to be a low "come-on" start price of $1.475M, they planned to draw a bunch of offers and sell for more.

Now the whole gambit is postponed.

Instead of sorting through bids on Saturday, they cut the price $100K to $1.375M and extended the time for the "auction" to take place.

Now it will be Oct. 22. Probably.

Are buyers feeling the need to rush?

They're not really doing…

Sometimes, sellers make mistakes.

Especially in a market like this one, where sellers can look back at a few years' worth of upward pricing momentum, see underlying strength in the market and the buyer pool, and get fixated on nabbing that big number that they always hoped their home might be worth.

Then reality intervenes. If there are no buyers at your dream price, the question becomes: Are we really sellers?

200 38th Street Manhattan Beach CAAt 200 38th St. (3br/4ba, 1800 sqft.), a modern-style TH with nice views in El Porto, it looks like the sellers are answering, "Yes, actually, we'd like to be sellers."

You'll see in the property details here on MBC that the CDOM ("combined days on market") count is 89 as of this morning, even while this is a "new" listing as of

Inventory in the Tree Section is 50% higher than last year now, 30 listings versus 19 in mid-August 2015, and sales have been a bit sluggish.

But we wanted to call attention to a couple that have made deals recently.

747 18th Street Manhattan Beach CA747 18th (5br/4ba, 3625 sqft.) is one that was surely compelling, and was surely going to be selling. It would be only a matter of time and price.

This Spanish-inspired mid-80s house is at least adjacent to a great location, within sight of American Martyrs school and just one block off of leafy Laurel Ave. (The garage and 2br are on Pacific at stretch that can get busy around school and commuter times.)

The sellers moved out and commenced a quick refresher/remodel, meant to somewhat update the house – new master bath, new carpet…

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