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What’s Going on in Playa Vista?

I’m noticing new listings at or below what the previous owner paid. Yikes. Maybe owning an overpriced box on land over pockets of methane gas is less attractive in a sliding housing market?

A 70K loss

75k loss playa vista.jpg

An 80K loss

80k loss playa vista.jpg

It just goes to show that stats showing the median going up or staying the same are skewed – because these are 10% drops or more.

How about some in other overpriced areas:

Here is a 70 K loss before agent fees:

70 k loss.jpg

And here is a 75K haircut. Be sure to note on all these just how many days they have been on the market.

75 k price cut.jpg

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