This is what the victims of California’s Realtor mafia look like.
After a year of looking for a house in the San Fernando Valley, Elizabeth Coipel-Liverman and her husband Daniel Liverman could only find “overpriced fixer-uppers in bad neighborhoods.” Now, the Chatsworth couple is turning to Ventura County to find their dream home.
“We don’t want to pay a half million dollars for a dumpy house in the Valley,” Daniel Liverman, 40, said, adding that he and his wife are aiming to buy a house in the $600,000 to $700,000 range. “I don’t want to live in a crappy neighborhood and send my children to a crappy school. That’s why we’re looking for a house in Ventura County.”
The Livermans are among many home buyers who have struggled to find affordable homes in a sizzling San Fernando Valley market, where home prices skyrocketed to record highs in 2017 according to the Los Angeles Daily News.
In the Valley, the median price of a single-family home at the end of 2017 jumped to $675,500, a 13.4 percent rise from a year ago. The price shattered the prior record of $671,500, reached in March, according the Southland Regional Associated of Realtors. It’s the highest price since the pre-recession housing bubble.