San Fernando Valley getting whacked

[LA_Renter]

I know this blog focuses on San Diego but I just came across this graph for the San Fernando Valley. I have to admit it took me by surprise. I didn’t realize sales had basically fallen off a cliff to this degree.

http://www.srar.com/Revised_SFV_statistics_page/Single_Family_Sales_Annual_%20&_by_Month_1984_2002.pdf

Sales for Single Family homes during April and May were the lowest recorded ever dating back to 1984. They were substantially below April/May sales during the infamous downturn of 90 – 93. Wow! This thing is really starting to hit in LA, finally.

[Anonymous]

Wow, those April and May numbers, compared to historicals, are almost unbelievably low.

[Anonymous]

Wow, those April and May numbers, compared to historicals, are almost unbelievably low.

[cashman]

Funny, the LA Times just had an article a couple of weeks ago on how good the market is in Encino, how prices keep rising. Just shows you again, how bogus the media reporting is.

[cashman]

Funny, the LA Times just had an article a couple of weeks ago on how good the market is in Encino, how prices keep rising. Just shows you again, how bogus the media reporting is.

[Author]

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