LA Market has followed SD but, perhaps it is making up for lost time. 2 markets in particular, Bel Air and Marina del Rey, both high end, are just about DITW (Dead In The Water) with only 5 and 4 sales respectively. I was out looking at property today and it was SIGN WARS out there. I think the Realtors are getting desperate and increasing signage, thinking that will make a difference. Ha ! The only houses selling, are priced below market period. Even then I wouldn’t touch one. It appears a viscous cycle is starting where they start undercutting one another to make a sale. Its just beginning to get brutal here on the Westside. Bring it….
