Uncommon Knowledge
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California
California house prices slashed in multiple cities
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.
Read more: What Is a Mortgage? Types & How They Work
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.
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The process of curating the edit, she explains, was more about a feeling than rigid criteria. “I love that nature dictated the way each architect designed these homes,” she says. “The landscapes are a little less manicured, a little more natural, but then the architecture is a bit more modern.”
A native Angeleno, it’s obvious why Kayne is an unofficial spokesperson for California. But her love of gardens and homes, specifically, is something she traces to her mother. “She’s like a sponge,” Kayne says, “and she’s always learning and evolving and soaking up as much as possible.” During her childhood, Kayne was “dragged” along on art and garden tours. “At first, I was like, these are so boring, but I realize now it really sparked something in me. I think my love of landscapes is because she exposed me to them at such a young age.”
Jim Olson’s home in Longbranch, Washington.Photo: Courtesy of Michael P.H. Clifford
In Pacific Natural Everywhere, a home on the shores of Washington’s Puget Sound—the images of which are published exclusively in this story—punctuates the central theme of the book: simple, beautifully restrained architecture is the best frame, and nature is the best picture. The property in question belongs to Jim Olson of legendary architecture firm Olson Kundig. “There was nowhere you could turn in the house where you weren’t looking out to this picturesque view,” she says, adding that it was an honor to feature homes by prominent architects in the book. “Their lives’ work is creating beautiful spaces for other people, but then to see how they create their own spaces—whether it’s Vincent Van Duysen’s in Portugal, Marmol Radziner’s in Los Angeles, or Jim Olson’s in Longbranch—it was just a very cool part of the process.”
Jim Olson’s home overlooking the shores of Puget Sound.Photo: Courtesy of Michael P.H. Clifford
Walls of glass blur the distinction between indoors and out.Photo: Courtesy of Michael P.H. Clifford
Kate Hudson is gearing up for the 2028 Summer Olympics in Los Angeles. The actress and musician appeared in a new promo video for the forthcoming games, performing the Mamas & the Papas’ 1963 song “California Dreamin’.”
In the clip, which aired on NBC as the Milan Cortina Olympics came to a close last night, Hudson gives a soulful rendition of the classic tune. It showcases images of athletes likely to figure prominently in the 2028 games alongside images of Los Angeles.
Hudson posted the video on Instagram, writing “Built on California dreams, powered by Olympic and Paralympic champions.”
The Los Angeles Summer Olympics, dubbed LA28, will be held in Los Angeles July 14 to 30, 2028. The games were originally teased at the culmination of the 2024 Paris Summer Olympics. Billie Eilish, Red Hot Chili Peppers, Snoop Dogg, and H.E.R. were among the performers for the energetic Olympics closing ceremony that year to help usher in the future Los Angeles edition.
The 2024 closing ceremony also featured a stunt from actor Tom Cruise, who rappelled down the stadium in Paris, shook hands with athletes, grabbed the Olympics flag, attached it to the back of his motorcycle, and drove off. In a pre-recorded segment, Cruise then attached the Olympics logo to the Hollywood sign. The ceremony shifted venues from Paris to Venice Beach, with a performance of “The Next Episode” from Snoop Dogg and Dre. Dre.
This year’s winter Olympics showcased some of the greatest athletes in the world and many extraordinary displays of sportsmanship, including a memorable gold medal win from U.S. figure skater Alysa Liu.
Hudson appeared at the 2026 BAFTA Awards last night as a nominee for Best Leading Actress for her performance in Song Sung Blue. She lost to Jessie Buckley for Hamnet, but is also nominated for the Oscar for Best Actress. She recently told Rolling Stone that shifting her focus to music is the “best decision” she’s ever made.
“The latter half of my life, it’s that moment where you actually look at what you’re putting out creatively and if you’re satisfied with it, and [ask] as a creative, ‘Am I happy with everything I’ve left if I died today?’” she said. “My answer was a big no. Not that I haven’t done things that I’m proud of, but I didn’t feel like my output was as authentic or honest as it could be.… I was shocked at what came back at me [after the album]. I was not expecting women to come up to me and be like, ‘I’ve always wanted to do this thing in my forties. And you doing this makes me feel like I can do anything I want.’ I feel like I’m just getting started.”
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