LA condo prices nosedive by 6% — the lowest in 12 years
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Read the original article: https://nypost.com/2026/04/28/real-estate/bottom-falls-out-of-socal-condo-market…
fact_checkFact-Check Results
8 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.
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Single Source
7
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Corroborated
1
“The median home sale price in February for a condo in the six major counties came it at $656,000, according to data obtained by the Pasadena Star News from the real estate property tracking site ATTOM.”
CORROBORATED
Multiple web search results cite the median condo sale price in the six local counties as $656,000 for February, referencing data from Attom and Pasadena Star News.
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— February home sales statistics from real estate tracker Attom showed a median condo sale price of $656,000 for the six local counties.
https://www.ocregister.com/2026/04/27/southern-california-co…
https://www.ocregister.com/2026/04/27/southern-california-co…
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— The median home sale price in February for a condo in the six major counties came it at $656,000, according to data obtained by the Pasadena Star News from the real estate property tracking site ...
https://www.msn.com/en-us/money/realestate/la-condo-prices-n…
https://www.msn.com/en-us/money/realestate/la-condo-prices-n…
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— The median price for a Southern California home was $823,000 in February, or $3,000 below the region's all-time high reached last May. Home prices have ticked up for the past 13 years, Attom ...
https://therealdeal.com/la/2025/04/18/socal-home-sales-stall…
https://therealdeal.com/la/2025/04/18/socal-home-sales-stall…
“That price is down by 6% compared to last year when condos hit a peak of $699,000, according to the outlet.”
SINGLE SOURCE
The claim states the price was down 6% compared to a peak of $699,000. While the web search results confirm a 6% decline (e.g., 'Southern California condo prices fall 6%'), none of the available evidence sources provide the specific previous year's peak value of $699,000 to confirm the calculation or the peak itself. The other sources discuss different price changes or locations.
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wikipedia
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— February is the second month of the year in the Julian and Gregorian calendars. The month has 28 days in common years and 29 in leap years, with the 29th day being called the leap day. February is the…
https://en.wikipedia.org/wiki/February
https://en.wikipedia.org/wiki/February
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wikipedia
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— February 29 is known as a leap day (or "leap year day"), which is periodically added as the last day of the month to the Julian and Gregorian calendars, as an intercalary date, to create leap years. I…
https://en.wikipedia.org/wiki/February_29
https://en.wikipedia.org/wiki/February_29
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wikipedia
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— The February Revolution (Russian: Февральская революция), known in Soviet historiography as the February Bourgeois Democratic Revolution, and sometimes as the March Revolution, was the first of two re…
https://en.wikipedia.org/wiki/February_Revolution
https://en.wikipedia.org/wiki/February_Revolution
+ 3 more evidence sources
“The price plummet also shows the biggest drop for condos in the area-over a 12-month span-since February 2012, the report noted.”
SINGLE SOURCE
The claim asserts that the current price drop is the largest decline over a 12-month span since February 2012. While some web results mention significant declines (e.g., 'lowest in 12 years'), none of the provided evidence sources contain the specific historical benchmark date of February 2012 to verify this claim.
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wikipedia
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— Justin Tyler Berfield (born February 25, 1986) is an American writer, producer and actor. He is known for his portrayals of Reese on the family sitcom Malcolm in the Middle (2000–2006) and Ross Malloy…
https://en.wikipedia.org/wiki/Justin_Berfield
https://en.wikipedia.org/wiki/Justin_Berfield
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wikipedia
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— February is the second month of the year in the Julian and Gregorian calendars. The month has 28 days in common years and 29 in leap years, with the 29th day being called the leap day. February is the…
https://en.wikipedia.org/wiki/February
https://en.wikipedia.org/wiki/February
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wikipedia
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— The February Revolution (Russian: Февральская революция), known in Soviet historiography as the February Bourgeois Democratic Revolution, and sometimes as the March Revolution, was the first of two re…
https://en.wikipedia.org/wiki/February_Revolution
https://en.wikipedia.org/wiki/February_Revolution
+ 3 more evidence sources
“The median condo price in March fell 4.5% in LA, compared to single family homes where the price was down 1.8% compared to the previous year, per the report.”
SINGLE SOURCE
The claim specifies two precise percentage drops for March (condos down 4.5%, single-family homes down 1.8%). The web search results provide general market trends and price changes for different months and years (e.g., 'Median List Price: $394,933 (March 31, 2026)' or 'In early March, median list prices were up 4.4% annually on average'), but do not contain the specific 4.5% and 1.8% figures for March.
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— In early March, median list prices were up 4.4% annually on average. In the first half of April they were up just under 1%. That's the slowest growth in seven years. "Although prices are still rising …
https://www.cnbc.com/2020/04/20/these-markets-could-see-the-…
https://www.cnbc.com/2020/04/20/these-markets-could-see-the-…
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— Median home prices fell 1.3% year-over-year in August, Realtor.com said.For-sale inventory hit the highest level since May 2020, helping push prices lower.Here are the 10 metro areas that saw the bigg…
https://www.businessinsider.com/10-us-cities-metros-housing-…
https://www.businessinsider.com/10-us-cities-metros-housing-…
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— The average home value in United States is $366,019, up 0.4% over the past year. Learn more about the United States housing market and real estate trends.Median Sale Price: $354,667 (February 28, 2026…
https://www.zillow.com/home-values/102001/united-states/
https://www.zillow.com/home-values/102001/united-states/
“Year over year condo prices have declined for ten consecutive months in Los Angeles, a 4% monthly average decline,” Homes.com shared with The Post.”
SINGLE SOURCE
The claim specifies that year-over-year condo prices have declined for ten consecutive months with a 4% monthly average decline, citing Homes.com. While web search results discuss falling home prices and declines in various markets, none of the provided evidence sources corroborate the specific statistic of 'ten consecutive months' or the '4% monthly average decline' attributed to Homes.com.
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wikipedia
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— Los Angeles (LA) is the most populous city in the U.S. state of California, and the commercial, financial, and cultural center of Southern California. With an estimated 3.88 million residents within t…
https://en.wikipedia.org/wiki/Los_Angeles
https://en.wikipedia.org/wiki/Los_Angeles
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wikipedia
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— The Los Angeles Lakers are an American professional basketball team based in Los Angeles. The Lakers compete in the National Basketball Association (NBA) as a member of the Pacific Division of the Wes…
https://en.wikipedia.org/wiki/Los_Angeles_Lakers
https://en.wikipedia.org/wiki/Los_Angeles_Lakers
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wikipedia
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— Los Feliz (; Spanish for "The Féliz (family)", Latin American Spanish pronunciation: [los ˌfeˈlis]) is a hillside neighborhood in the greater Hollywood area of Los Angeles, California, abutting Hollyw…
https://en.wikipedia.org/wiki/Los_Feliz,_Los_Angeles
https://en.wikipedia.org/wiki/Los_Feliz,_Los_Angeles
+ 3 more evidence sources
“According to its latest report, there was a 17.7% jump in growth in LA condo inventory compared to single family homes year over year, which could be a contributing factor to the price cuts.”
SINGLE SOURCE
The claim states that LA condo inventory saw a 17.7% year-over-year growth compared to single-family homes. While one web search result mentions condo inventory growth ('condo inventories in the county grew by 40.8% over the year') and another mentions inventory comparison ('growth in LA condo inventory is way up compared to sing'), none of the provided evidence sources contain the specific, comparative figure of 17.7% year-over-year growth.
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wikipedia
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— "Around the World (La La La La La)" is the debut single of German-based international Eurodance group ATC (an abbreviation of "A Touch of Class"). The song is a cover of the Russian hit "Pesenka" by R…
https://en.wikipedia.org/wiki/Around_the_World_(La_La_La_La_…
https://en.wikipedia.org/wiki/Around_the_World_(La_La_La_La_…
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wikipedia
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— LA most frequently refers to Los Angeles, the second most populous city in the United States of America.
La, LA, or L.A. may also refer to:
https://en.wikipedia.org/wiki/La
https://en.wikipedia.org/wiki/La
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wikipedia
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— Los Angeles (LA) is the most populous city in the U.S. state of California, and the commercial, financial, and cultural center of Southern California. With an estimated 3.88 million residents within t…
https://en.wikipedia.org/wiki/Los_Angeles
https://en.wikipedia.org/wiki/Los_Angeles
+ 3 more evidence sources
“Condo sales remained flat, compared to 2025, while sales for single family homes rose 2.7%, per Homes.com.”
SINGLE SOURCE
The claim specifies that condo sales remained flat compared to 2025, and single-family home sales rose 2.7%, citing Homes.com. The evidence provided is general real estate information (Zillow, general market trends) but does not contain the specific sales figures or the comparison to the year 2025.
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web search
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— Search millions of for-sale and rental listings, compare Zestimate® home values and connect with local professionals.
https://www.zillow.com/
https://www.zillow.com/
travel_explore
web search
NEUTRAL
— Demand for single-family rental homes is showing no sign of easing up, and that is pushing rents through the roof.
https://www.cnbc.com/2021/10/19/single-family-rents-are-surg…
https://www.cnbc.com/2021/10/19/single-family-rents-are-surg…
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— --- apartments for sale Urgent sale Low Budget houses Hmda plots for sale in Hyderabad Open plots for sale in Hyderabad Plots on emi basis in Hyderabad Agriculture land for sale Commercial property in…
https://www.youtube.com/watch?v=_tf_WcZ3irk
https://www.youtube.com/watch?v=_tf_WcZ3irk
“Condo prices are currently down 3.5% year-over-year and on their 27 consecutive month of decline, according to Realtor.com data previously shared with The Post.”
SINGLE SOURCE
The claim specifies that condo prices are down 3.5% year-over-year and have been declining for 27 consecutive months, citing Realtor.com data. While web search results mention Realtor.com and declining prices, none of the provided evidence sources contain the specific statistics of '3.5% year-over-year' or '27 consecutive months' to verify the claim.
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— Realtor.com gets all it’s data from the Realtors, not through a third party, because the organization is actually run by the National Association of Realtors. So this is good stuff. Jonathan Smoke, re…
https://daltxrealestate.com/realtor-com-rates-dallas-fourth-…
https://daltxrealestate.com/realtor-com-rates-dallas-fourth-…
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— All-cash transactions down year-over-year.New Realtor.com® Report: Renting is More Affordable than Buying Across All 50 Major U.S. Metros — and the Savings Gap Could Be A Path to Homeownership.
https://rei-ink.com/home-sales-profits-fell-below-45-percent…
https://rei-ink.com/home-sales-profits-fell-below-45-percent…
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— Excluding distressed sales, CoreLogic’s year-over-year increase for September is forecast at 12.2%, and the month-over-month estimate is forecast to rise by 0.7%. The company’s CEO noted: After a stro…
https://247wallst.com/housing/2013/10/01/home-prices-rise-ag…
https://247wallst.com/housing/2013/10/01/home-prices-rise-ag…
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Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.