LA real estate
fromLos Angeles Times
18 hours agoWhy L.A. condo sales have slumped to a 20-year low
Condo sales in Los Angeles hit a 20-year low as high mortgage rates, rising HOA fees, and regulatory liability deter buyers and developers.
Updated for modern living, this remodeled home in Highland Park has stayed true to its 1930s Spanish Revival beginnings. The open living and dining room features a brick fireplace and the original hardwood floors. A courtyard sits off the master bedroom.
In October, home prices fell slightly from the month before, with a median listing price of $1,237,000. The number of listings on the market remained practically unchanged from last month, but it is a bigger decrease than normal for this time of the year in Los Angeles, and homes are also selling slower than at the same time last year.