Posted by Connie Gohata on Tuesday, September 19, 2017
Under: Buying
It depends on where you are looking - I was looking around Los Angeles, in the different parts of mid and west LA - I'm just amazed at how much these small homes are going for in price - not the $400K's - they are in the $600Ks to $800Ks - like they were made of gold. Some, in fact most of these were in the bread and butter neighborhoods, not the up and coming executive neighborhoods - so who, on a bread and butter salary can afford to live in these homes?
My home, in OC, is a 5 bedroom/3 bath home in the city of Cypress, CA - and it is fairly large. I think right now, the value of my home is around $780K. But in LA, $780K will get you a so-so home in a crowded neighborhood, 3 bed 2 bath, maybe 1500 sf. I guess the lesson is that location is the key and that people will pay the price to live in the neighborhood of their choice - choice meaning - near work, school, shopping, entertainment, and recreation.
If you want a sample of prices with maps, I can supply that for you! Give me a shout out (in an email or text) - conniegohata@gmail.com or 714-553-9146 text. Yes, you can also call me!
In : Buying
Tags:
prices "home value" buying selling
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