Southern California home prices are flat in May as sales fall

Last weekend, an agent working with Suleiman held an open house at a three-bedroom home in Westlake. An investor last year paid $550,000 for the house, located just 70 feet from the 101 Freeway. As of Sunday afternoon, the agent said about 15 groups of people had strolled through the 1908 property that was revamped “from the ground up” and listed at $899,000. Marketing materials for the house cite new plumbing, a new foundation, new roof and “rain barrels for water conservation.”

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