L.A.’s Westside succumbs as housing goes south

[CA renter]

Here in North County, I am finally starting to see some real price movement, too, especially in the past three months or so.

We’ll see how that spring selling season goes. Sales have been pretty strong, all things considered, but I think that is 100% due to the falling prices.

We’ve been tracking various zips in North County and following some mid-high end zips in L.A. for years. The high end is definitely cracking.

[JAS]

I live in the Valley (Sherman Oaks) up in LA. While prices have come down quite a bit, it still seems prices are 20-25% overpriced.

Here are two examples of 2bedroom condo sales history/current asking from Redfin:

4425 Whitsett Ave #208 – Studio City, CA
Jan 31, 2009 Listed $479,000
Oct 08, 2004 Sold $392,000
Nov 06, 2000 Sold $174,000

4189 Vineland Ave #122 – Studio City, CA
Dec 03, 2008 Listed $465,000
Sep 21, 2000 Sold $158,000
Oct 13, 1993 Sold $103,000

[JAS]

I live in the Valley (Sherman Oaks) up in LA. While prices have come down quite a bit, it still seems prices are 20-25% overpriced.

Here are two examples of 2bedroom condo sales history/current asking from Redfin:

4425 Whitsett Ave #208 – Studio City, CA
Jan 31, 2009 Listed $479,000
Oct 08, 2004 Sold $392,000
Nov 06, 2000 Sold $174,000

4189 Vineland Ave #122 – Studio City, CA
Dec 03, 2008 Listed $465,000
Sep 21, 2000 Sold $158,000
Oct 13, 1993 Sold $103,000

[JAS]

I live in the Valley (Sherman Oaks) up in LA. While prices have come down quite a bit, it still seems prices are 20-25% overpriced.

Here are two examples of 2bedroom condo sales history/current asking from Redfin:

4425 Whitsett Ave #208 – Studio City, CA
Jan 31, 2009 Listed $479,000
Oct 08, 2004 Sold $392,000
Nov 06, 2000 Sold $174,000

4189 Vineland Ave #122 – Studio City, CA
Dec 03, 2008 Listed $465,000
Sep 21, 2000 Sold $158,000
Oct 13, 1993 Sold $103,000

[JAS]

I live in the Valley (Sherman Oaks) up in LA. While prices have come down quite a bit, it still seems prices are 20-25% overpriced.

Here are two examples of 2bedroom condo sales history/current asking from Redfin:

4425 Whitsett Ave #208 – Studio City, CA
Jan 31, 2009 Listed $479,000
Oct 08, 2004 Sold $392,000
Nov 06, 2000 Sold $174,000

4189 Vineland Ave #122 – Studio City, CA
Dec 03, 2008 Listed $465,000
Sep 21, 2000 Sold $158,000
Oct 13, 1993 Sold $103,000

[JAS]

I live in the Valley (Sherman Oaks) up in LA. While prices have come down quite a bit, it still seems prices are 20-25% overpriced.

Here are two examples of 2bedroom condo sales history/current asking from Redfin:

4425 Whitsett Ave #208 – Studio City, CA
Jan 31, 2009 Listed $479,000
Oct 08, 2004 Sold $392,000
Nov 06, 2000 Sold $174,000

4189 Vineland Ave #122 – Studio City, CA
Dec 03, 2008 Listed $465,000
Sep 21, 2000 Sold $158,000
Oct 13, 1993 Sold $103,000

[Author]

Posts