L.A. real estate news and insights.
Carl from the ‘Walking Dead,’ actor Chandler Riggs's LA home, hits the market.
This CA Farmhouse has 5 bed/5 bath, over 2,607 sq. ft. of living space, and is on a 6,301 sq. ft. lot.
The remodeled home features a separate downstairs 2 bed/2 bath guest suite that has potential income opportunity.
Asking price: $2,195,000
Text me for a tour at 818-445-7953.
According to the results of a survey from Consumer Affairs, if you call one of these five cities home, you might want to prepare for your home’s value to take a tumble in the year ahead.
1) Austin, Texas
2) Atlanta
3) Bakersfield, California
4) Los Angeles
5) Albuquerque, New Mexico
Coming in at number four, 23% of those polled believe Los Angeles is the city most likely to see housing prices drop.
As of October, the median listing home price in Los Angeles was $999,000 at $649 per square foot, up 5.2% year-over-year. The median home sold price was $915,000, with homes selling after a median 62 days on the market.
Prices have decreased slightly since July, down from a median listing price of $1 million at $654 per square foot. But the drops can especially be seen in the median sale prices in L.A. — down from $948,000 in the summer. And homes are lingering on the market for nearly two weeks longer, compared to 49 days in July.
If prices drop as much as 15% from the summer’s numbers, that would lower the median listing price to $850,000 — a decrease of $150,000.
