The Week in Price Cuts

By Dave Fratello | March 10th, 2016

It's Spring, and everyone knows to expect more listings.

What you maybe didn't expect was to see so many price cuts this early.

In the 7-day period ending Thursday afternoon, 10 new listings came to market in Manhattan Beach, but 15 homes for sale made price cuts.

One of those cuts was on 221 Homer (4br/4ba, 2500 sqft.), new construction with views.

Homer officially listed March 2 and $100K cut on March 9th, to $4.850M – just one week in.

In fact, 7 of the 15 listings making price cuts this week did so in their first month on the market here.

It's sound strategy. Don't hang around while more inventory is coming out.

By our count Thursday, 27 of the 85 listings on the market in Manhattan Beach have taken price cuts at some point: 31%

Below is a list of all the other 14 out of 15 listings to take cuts in just the last week. These are sorted by newest listings first. As always, click on any address to see more on each property:

624 30th (5br/3ba, 2600 sqft.) cut $100K to $2.750M.

1408 15th (4br/4ba, 2600 sqft.) cut $80K to $2.149M.

724 29th (4br/4ba, 3400 sqft.) cut $155K to $3.295M.

225 John (5br/5ba, 4480 sqft.) cut $400K to $6.995M.

1812 Agnes (4800 sqft. lot) cut $146K to $2.549M – and made a deal.

1406 15th (4br/4ba, 2500 sqft.) cut $94K to $2.029M.

873 11th (4br/4ba, 3500 sqft.) cut $160K to $3.599M.

2409 Poinsettia (4br/5ba, 3550 sqft.) cut $300K to $3.199M.

2908 Manhattan Ave. (3br/4ba, 3350 sqft.) cut $401K to $6.299M.

201 Larsson (4br/4ba, 4000 sqft.) cut $50K to $3.199M.

652 Rosecrans (6br/6ba, 4730 sqft.) cut $150K to $2.599M.

509 5th (3br/3ba, 2450 sqft.) cut $200K to $3.299M.

873 9th (5br/5ba, 5100 sqft.) cut $200K to $4.499M.

1304 Lynngrove (5br/6ba, 3750 sqft.) cut $101K to $2.799M.

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Further reading: For our look at other listings that have been around a while that recent made price cuts, see "Long-Toothed Price-Choppers."

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