Oops, just re-read through the post and see you are just outside Culver City, so ignore my school comment. However, the seasonal trends strongly favor the March – July timeframe in So Cal for home sales.
I see lots of price reductions in Culver City and surroundings. We looked in this area in June 2005 and saw nothing in the quality Culver City areas such as Carlson Park, Vet’s Park, Lindbergh Park under about 850K. WHat are the prices today ? about the same.
IMO, you will start seeing Y-O-Y price decreases in this area by this time next year. LA-Westside has been about 1 year behind San Diego in real estate trends for the last 5 years or so that I have been watching it.
