Most expensive US Listing gets $50 million price cut

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Traditionally on the North Shore buyers like to have a property under agreement by July 4 to ensure that they can move and be in place for the start of the school year.

After July 4, therefore, it is not unusual to see price cuts or, as we like to call them, price adjustments. But probably not on the scale of the $50 million cut on a property in Los Angeles. On the other hand the “adjusted” price is still a cool $195 million. Yeah, I always thought $245 million was a bit rich. $195 million – that’s so much more affordable. I wonder if there is an Open House today?

Click on the link for a description of the property from Mansion Global: US most expensive listing

Los Angeles mansion

Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®

Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com

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