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PriceChopper: Cottage Enclave in Hollywood

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As the first-time buyer surge continues, agents are doing everything they can to move as much property before November 30th. Since most first-timers are pre-approved up to a cool half million, look for prices on entry homes to continue dropping below $500,000 in the coming months. Case and point: this little Hollywood cottage. Originally listed in March at $575,000, the price was lowered in May to $549,000 and as of today will be listed at $499,000. From the listing: "Adorable gated home on a large lot. New windows installed in 2007. The following were installed new in 2003 - woodburning fplc w/mantle, hardwood floors & landscaping.?Zoning may allow you to build up to 3 units on lot (verify w/city)."--Haily Zaki
· Housing Market Upswing til December? [Curbed LA]
· 844 N RIDGEWOOD Pl [Redfin]