At all price points, you notice that buyers aren't necessarily paying what sellers are asking these days.
Indeed, some sellers shot so high, it took a long time and deep cuts to get their homes sold. Here's a selection of closed sales where the final toll was much lower than the start price:
1201 Oak (2br/4ba, 2170 sqft.) is something of a duplex in a challenged location near MB Blvd. and across from commercial properties.
That's not to say that the inspired Craftsman-style home lacked charm, but it's hardly a "down the middle" mainstream house. It was owned by singer-songwriter Graham Nash (as famously noted in this LA Times story, among other media).
The listing began in March at $2.350M, and you could reasonably say: Why?
There were 2 sizable price……