Just yesterday MBC noted that Tree Section builder/sellers seem reluctant to cut their prices in reaction to a slowdown in that segment.
The sellers of a new Sand Section home have finally gotten over the same sort of hesitation and made a real move.
A nice view home at 2816 Manhattan Ave. went up for sale on Labor…
Just yesterday MBC noted that Tree Section builder/sellers
seem reluctant to cut their prices in reaction to a slowdown in that segment.
The sellers of a new Sand Section home have finally gotten over the same sort of hesitation and made a real move.
A nice view home at
2816 Manhattan Ave. went up for sale on Labor Day last year.
The listing started near $3m (well, 2.899) and there it remained for almost 8 months.
Why would it linger so? The listing calls the home "fantastic," "magnificent" and "wonderful."
It's located on "one of the most prestigious blocks in manhattan beach sand," the listing says (and MBC tends to agree). "[T]his home will amaze your most discerning buyer."
The home is nice, but apparently the price was not. In eight months on market, you had to see some lowballs come in – $2.3m to $2.5m might be expected – but the sellers wouldn't go there.
Finally they began to move. Within the last 2 weeks, $100k was chopped off the top.
Today, on its 245th day on the market, 2816 Manhattan has
dropped another $200k to $2.599m. That's 10%+ off the original price.
Finally, the sellers are communicating that they know they got the price wrong, they're willing to move, and you should come talk to them.
It's almost enough to make you forgive the bogus re-listing they did to hide the pricing history.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of August 14th, 2024 at 8:36am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.