I read an article about a home in Eagle Rock. It’s your basic old house with pink bathrooms and a galley kitchen. Eagle rock has nice amenities and if I remember correct many areas have access to decent public schools.
Listed for $699k and sold for $981K! 40 fucking percent over asking? Funny enough the final sale price of $980,888 is a clue to a Chinese buyer as the number 88 is believed to be a sign of good luck.
The redfin estimate is only $780K and my guess is that appraisal was near the list price. This is wrong on all fronts.
So even though I write about El Segundo, know that this is happening all over the country.