California condo prices crash by up to 40% in some areas

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Condo owners in parts of California are slashing asking prices by as much as 40 percent for their properties listed for sale on Zillow, according to data available on the real estate marketplace app.

As of Wednesday morning, there were a total of 8,476 condos listed for sale on Zillow across all of California. Of these, 1,973 have had their initial asking price reduced by sellers. A majority of these price reductions on condos were focused around San Francisco, San Jose and Los Angeles.

Vacation rental investor Rohin Dhar, who routinely posts on social media about the most dramatic price drops in the market, shared the listing for a San Francisco condo which saw its asking price drastically plunge in the past few years.

https://www.newsweek.com/california-condo-prices-crash-40-some-areas-1908388?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1717588386

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