Home prices are rising nearly everywhere. Not in Hollywood
6 months ago

Home prices are rising nearly everywhere. Not in Hollywood

LA Times  

A house for sale on Lemon Grove Avenue went into escrow after a $50,000 price drop. “People are looking for refuge.” Duarte, the Hilton & Hyland agent with the Lemon Grove Avenue listing, said some people felt the nearby area wasn’t that safe, but he didn’t know why. “There’s just a lot of gentrification.” The Los Angeles Homeless Services Authority does not currently break down how many people are living on the streets by community, citing concerns over accuracy. There’s “a lot less investor money being deployed,” said Dan Sanchez, a real estate agent with Engel & Volkers. “I don’t see the impact of homelessness.” On Lemon Grove Avenue, the seller of the remodeled 1920s house had luck after reducing the $875,000 asking price to $825,000.

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