Price reductions have decreased in the Lakeview Terrace market, reaching a low that hasn't been seen since January. With the market tightening, there were 14 homes sold over the last 30 days. During the same time frame, North Hollywood county had the most of any other close-by neighborhood with 48 price reductions. Furthermore, a six-week downward trend in new listings is expected to continue over the coming weeks. Potential buyers should note that prices are coming down in Lakeview Terrace, and for this period the median sales price slid from $565,000 to $548,500. With just three months of inventory available and sales going up, Lakeview Terrace is a seller's market.
You never know when the perfect home may come in the market so take a look at the new listings in Lakeview Terrace: