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Sellers in some of California’s biggest cities are slashing the price of their homes listed for sale on Zillow, according to the latest data on the real estate marketplace’s app
Read more: How to Sell Your Home
One site shows 15 per cent of all properties listed in the state had price reductions, aimed at attracting hesitant buyers.
As of Thursday morning, there were a total of 83,093 properties—including single- and multi-family homes, townhomes, apartments, condos and lots—in California listed by agents on Zillow, and 3,822 listed by owners and others. Of these, 13,311 listed by agents and 319 listed by owners had a price reduction—roughly 15 percent of all homes for sale in the Golden State.
But the rate of properties for sale with a price reduction was even higher in some of California’s major cities, including Los Angeles, San Francisco, Oakland, San Diego and Sacramento.
Mario Tama/Getty Images
In Los Angeles, one of the most expensive housing markets in the entire country, there were a total of 6,039 properties listed for sale on Zillow, 971 of which had a price reduction. That’s about 16 percent of all homes for sale in the metropolis.
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In another very expensive city, San Francisco, there were 1,358 homes listed for sale on Zillow as of Thursday morning, 216 of which had a price reduction—nearly 16 percent of the total.
In Oakland, a city which has seen an increase of violent crime and other felonies in 2023, there were 888 properties for sale on Zillow, 158 of which had a price reduction—about 18 percent of the total. In San Diego, the percentage of homes for sale with a price reduction was 19 percent, for 286 out of 1,494 listed on Zillow.
In Sacramento, 21 percent of all homes listed for sale on Zillow had a price reduction as of Thursday, for a total of 183 out of 859.
These are the top five cities in California with the largest number of homes for sale and the number of homes with a price reduction. But not all these cities’ housing markets are facing the same situation. In some of these cities, house prices are dropping year-over-year; in others, they’re climbing.
In Los Angeles, the median sale price of a home, according to Redfin, was $970,000 in March, down 1.5 percent from a year earlier. In Oakland, it was $840,000, down 7.7 percent from March 2023.
In San Francisco, the median sale price of a home was $1,415,000 in March, up 4.8 percent year-over-year. In San Diego, it was $931,000, up 6.5 percent from March 2023, while in Sacramento it was $502,500, up 10.2 percent compared to a year earlier.
Read more: Find the Lowest Rates From Top Mortgage Lenders
At the state level, prices are increasing, mainly due to a historic shortage of homes. According to Redfin, the median sale price in California was $816,800 in March, up 10.1 percent from a year earlier.
Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.
Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.
California traveled to Louisville, Ky., in search of a statement win against the No. 14 Louisville Cardinals (7-2, 4-2 ACC), and the Golden Bears (6-4, 3-3 ACC) pulled out all the stops Saturday evening to earn the upset, 29-26, in overtime.
On the first play of the game, California quarterback Jaron-Keawe Sagapolutele threw a lateral to his slot receiver, Jacob de Jesus, who then connected with Trond Grizzell on a deep 27-yard pass. While the Golden Bears would not score on the drive, their fast and aggressive play early on silenced much of the 51,381 in attendance.
California out-gained Louisville in total yards and offensive plays throughout the entire game. The Golden Bears never once trailed the nationally ranked Cardinals by more than one score, despite entering the game as three-score underdogs, according to many sportsbooks’ odds.
Sagapolutele earned the game-winning touchdown in overtime with a nail-biting throw on fourth down. California’s first-year signal-caller found his favorite target of the evening, de Jesus, who brought in the three-yard reception to close out the game.
De Jesus had a game-high 157 receiving yards and hauled in 16 of 23 passes in which he was targeted. His 16 receptions tie Geoff McArthur’s school record for receptions by a receiver in a single game.
In his post-game press conference, Louisville head coach Jeff Brohm praised de Jesus, calling him California’s “best player.”
“… Even at the end, to allow their best player to be one-on-one for an easy throw in the corner… you know, we need to coach better; we need to play better,” Coach Brohm said.
Sagapolutele completed 30 out of 47 passes attempted and racked up 323 passing yards—both career highs. In addition to the game-decider, the quarterback threw his first touchdown of the game in the first quarter, a 20-yard bomb to tight end Landon Morris.
The last time California beat a nationally ranked, top-25 team was on Dec. 5, 2020, when the Golden Bears upset the No. 20 Oregon Ducks, 21-17, for their first win in the 2020 college football season.
With the win, California is now eligible for a post-season bowl bid.
CALIFORNIA (AZFamily) — The mother of a missing California girl has been arrested on charges unrelated to her daughter’s disappearance, but the child still has yet to be found.
FBI Los Angeles announced that 40-year-old Ashlee Buzzard was taken into custody on Friday. However, the whereabouts of her daughter, 9-year-old Melodee Buzzard, remain unknown.
Melodee and Ashlee reportedly went on a road trip as far as Nebraska in a rental white Chevrolet Malibu last month, detectives say. Federal authorities say Melodee and her mother may have passed through Interstate 15 in Littlefield, Arizona while on the drive.
Detectives say Ashlee was arrested for a recent incident where she allegedly prevented a victim from leaving against their will. Authorities say this crime is not connected to the ongoing search for Melodee.
“Although this arrest occurred during the course of the missing person investigation, it is not directly related to Melodee’s disappearance. Sheriff’s detectives remain fully focused on locating Melodee and confirming her safety,” FBI Los Angeles said in a statement.
Ashlee was booked for a felony charge of false imprisonment. She is being held at a jail in Santa Maria, California, with bail set at $100,000.
Melodee was photographed at a rental car agency on Oct. 7, wearing a wig and a hoodie.
The young girl has brown eyes and brown, curly hair that may be straightened or covered with a dark wig. She is between four and four-and-a-half feet tall, weighing between 60 and 100 pounds.
Anyone with information about Melodee is asked to contact detectives at (805) 681-4150 or submit an anonymous tip at (805) 681-4171.
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A Carmichael home that was originally designed to be California’s official Governor’s Mansion is now up for sale.
The mid-century modern home, located at 2300 California Avenue, was built in 1975 after being commissioned by Ronald and Nancy Reagan to replace the aging governor’s mansion at 16th and H streets in Sacramento.
By the time construction was finished, Reagan had already left office. His successor, Jerry Brown, declined to move in – famously dismissing the Carmichael residence as the “Taj Mahal.”
No California governor ever called the mansion home, with the property being sold to a private citizen in 1983.
A time capsule installed at the property recognizes the home’s history. The capsule is scheduled to be opened on July 4, 2076.
Now, as of Oct. 16, the Carmichael home has hit the market with a list price of $7.5 million. The property spans 4.3 acres that overlook the American River, with the home featuring a total of 8 bedrooms, 8 bathrooms, and 2 half bathrooms.
“You can really feel the history here,” said realtor Hattie Coleman in a statement.
The Carmichael home last sold in 2004 for $4.1 million.
The East Sacramento home Reagan lived in for much of his time as California governor was designated as a historic landmark in 2024.
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