LA home prices have decreased 7.6% from their 2022 peak prices

Researchers at Black Knight Inc, a technology company that analyzes mortgage lending data across the United States, found that home prices in six California cities have decreased from their 2022 peak prices.

Those cities were: San Francisco, San Jose, Sacramento, San Diego, Los Angeles, and Riverside.

This is where home prices have fallen the most in the US:

1. San Francisco: 13% price decrease

2. San Jose: -12.7% price decrease

3. Seattle, Washington: 11.3% price decrease

4. Phoenix, Arizona: 10.5% price decrease

5. Austin, Texas: 9.7% price decrease

6. Las Vegas, Nevada: 9.3% price decrease

7. Sacramento: 9.3% price decrease

8. San Diego: 8.6% price decrease

9. Los Angeles: 7.6% price decrease

10. Salt Lake City, Utah: 6.9% price decrease

11. Denver, Colorado: 6.9% price decrease

12. Riverside: 6.8% price decrease

13. Raleigh, North Carolina: 6.3% price decrease

14. Portland, Oregon: 6.1% price decrease

This unique, hillside home in Sherman Oaks is perfect for nature lovers!

Here is the most unique home for sale in Sherman Oaks.

Asking price: $8,500,000

This home has 5 bed/7 bath, 5,649 sq. ft. of living space, and is on a 38,000 sq. ft. lot.

The gated home features a separate guest wing with a kitchen, a gym/yoga studio, and a detached guest house.

The grounds include a pool, hot tub, waterfalls, a running stream, and a Koi pond under the house.

Call me for more info at 818-445-7953.