We missed the boat on this last week, so we're starting off this week with some big price chops. This week we feature L.A. homes priced between $500,000 and $1 million. Of the homes we looked at, the following three had the greatest price slashes.
6124 S. Le Doux Rd.
Original List Price: $1.1 million
Sale Price: $830,000
Percent Reduction: 24.5%
The house has been on the market for almost a year and the realtor still hasn't gotten around to taking a picture of it? We're not buying that story. Something about this makes us suspect that this seller is (a) crazy (b) selling a sh*tbox (c) delusional.
3836 Oak Hill Avenue
Original List Price: $1,299 million
Sale Price: $995,000
Percent Reduction: 23.4%
You just can't sell a McMansion for what you used to be able to, even if it is in Monterey Hills. Doh!
4532 Avacado St.
Original List Price: $1.159 million
Sale Price: $899,000
Percent Reduction: 22.4%
We understand that the market was pretty wacky not so long ago, but there must have been a lot of crack rocks smoked when the sellers decided on the original list price. Maybe those classy iron bars are bejeweled with diamonds.
All listings from Zip Realty.