Quote:
Originally Posted by danparker276
Prices have already dropped 10%. Probably if you really bargin it down 15%, so 30% is not that far away. I just see some of those 2 bedrooms for 1.2-1.4mil as way overpriced.
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I have been watching the MLS for Downtown LA and I have not found more than 1 or 2 downward prices changes in South Park for a 2 bedroom in the last 3-4 months. That's not to say that the closing price hasn't dropped some, maybe 10%. I have seen a few drops at Eastern and more at 1100 Wilshire but not for Elleven, Luma or Skylofts. I think the Eastern and 1100 Wilshire drops were based on appeal and location more than a downward market.
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