8 California Homes With Price Cuts

CALIFORNIA — The value of California homes is declining. Even in pricey Silicon Valley, values peaked earlier this year. Certified appraiser Bob Thompson of Reese, Thompson & Associates located in Campbell said Wednesday that he's seen a drop of 10 to 15 percent on homes appraised by his company.

So who's ready to deal? Plenty of sellers around California Patch communities are dropping the asking price on their homes. From mansions to humble cottages, here are 8 homes with price cuts.

Eva Longoria Cuts $1.3M From Her Hilltop Mansion Listing

This A-lister home just got an A-list price cut.

Half Million Dollar Price Cut On Palatial Berkeley Home

The San Francisco Chronicle called this home "Berkeley's Hearst Castle." No one appears interested in living in a castle any more.

Price Drop Makes This Redondo Beach 3-Bedroom A Steal

This home boasts coastal living charm on the outside, with a completely remodeled interior on the inside.

Temecula Wine Country Estate Is Your Next Dream Home

Plus, the price was just reduced by $20,000.

Price Reduced On 2-Bedroom Bungalow Near Downtown Livermore

The home has vintage appeal and is updated throughout.

Beautiful Beverly Hills Condo Just Got A Price Drop

This two-bedroom condo located on a quaint, quit street boasts a fireplace, laundry room and wet bar.

Price Reduced On Martinez 3-Bedroom Home In Desirable Area

The two-story, Spanish-style home has been on the market for 40 days and is being sold "as is."

Price Reduced In Arcadia $3 Million Family Home

This gorgeous home has just reduced its price for the 4th time, a whopping $650,000 drop from the original asking.

All photos via realtor.com