More than Eastside 40 property owners cut their asking prices during the past week as part of some year-end discounting. The price cuts range from a $100,000 chop on one of the new Echo Park homes designed by Barbara Bestor to the third reduction on properties in East L.A. and Glassell Park. Here’s a sample of some of the reductions:
- Will the third cut be the charm for this 3-bedroom East L.A. home? It’s now down to $340,000 – a 14% drop since it was listed at the end of July.
- A Glassell Park Traditional also just took its third reduction, a big $50,000 chop that brings the asking price down to $749,000.
- The price tag on a three-bedroom home in the Barbara Bestor designed Blackbirds development in Echo Park drops by $100,000, bringing the home below the $1 million mark to $995,000.
More price cuts by neighborhood:
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