The November median home sale price in Los Angeles County dropped 1.5 percent to $325,000, according to the latest information from the California Association of Realtors. On the statewide data, C.A.R. President Beth L. Peerce says: "We are encouraged by November's sales increase, but realize a more sustained recovery is being hampered by the distressed market." The data shows that looking at statewide figures, it's taking longer to sell a home than it did a year ago. [CAR Press Release]
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Built in 1910, the house sits on a lush property that includes a recording studio out back.
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