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The Biggest Price Losers #001

Are the days of real estate windfalls over? Probably not, but now those egregiously overpriced shacks are only somewhat overpriced. With the “cooling” of the real estate market, we begin a new feature here on Curbed LA: Biggest Price Losers. We’ll be finding those overpriced homes that have endured the greatest price “corrections.” This week we feature L.A. homes priced over $1 million. Of the homes we looked at, the following three had the greatest price slashes.


3700 Mandeville Canyon Road
Original List Price: $2.395 million
Sale Price: $1.6 million
Percent Reduction: 33%
WIth a price slash of $795,000, these sellers may have set their sights a bit to high for this 4 bedroom ranch. Welcome to reality.


2240 24th St.
Original List Price: $2.138 million
Sale Price: $1.688 million
Percent Reduction: 21%
Well, you have to admire the ambition of these sellers for trying to cash in on a house that is probably a starter in most other markets. Looks like they missed that boat.


922 Masselin Ave.
Original List Price: $1.595 million
Sale Price: $1.295 million
Percent Reduction: 19%
This looks like a fire sale to us. After 130 days on the market, the sellers may be having a bit of nostalgia for Real Estate Market '04.

All listings from Zip Realty.