Quote:
Originally posted by SoCal911SC
Is is a different market in LA?
The last 2 sales of houses in my neighborhood in Irvine have been after months of sitting on the market, and at prices lower than last year's sales of the same model.
The houses in the $900K range have been sitting for months. I know one for $900 that has been sitting for almost a year. One for $1.4 has been sitting for well over a year.
I am involved in a matter where someone is selling a house in OC, they got one offer, but it was $100K below asking. There hasn't been a ton of interest. This is in the $850-950K range in Mission Viego. I know of a couple of other sales in Laguna Niguel that are +$100K below last year's sales, too.
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Let me know when things go soft in Santa Barbara. My bags are packed.