Pico-Lowell Real Estate Market Continues Weakness in Price Cuts

Sales in the Pico-Lowell market fell to one home sold over the past 30 days. In addition, the number of sellers reducing their listing price is still in the midst of a downward trend with two price reductions in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price dropped to $300,000 over the latest reporting period for Pico-Lowell, down from $394,000. Pico-Lowell is a strong buyer's market, thanks to a big nine months of inventory to choose from and a pullback in sales.

You never know when the perfect home may come in the market so take a look at the new listings in Pico-Lowell:

$430K   $399K   $789K  

Get started right now by checking out Pico-Lowell homes for sale or reviewing Pico-Lowell real estate trends.

Demographic facts for Pico-Lowell:

  • The median age of all homes is 48.
  • The job growth rating in this area is 63. (Scale: 1 = Worst, 100 = Best)
  • This area has an average school expenditure per student of $4,945. ($5,691 = national average)

Data reported through 10/13/2016

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Roman Realtors
Snapped 4 homes in this area

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