Archive for the 'Keeping up with the Joneses' Category

Bargain hunting in Beverly Hills and the 90210 zip code – A place for under $500,000 in the 90210? When the housing crash hits aspirational neighborhoods.

Glamorous foreclosures – Beverly Hills foreclosure and short sales – $4 million Beverly Hills foreclosure goes for a second round and $2 million short sale.

Rental roulette on the west coast. California foreclosures are up 22 percent from Q4 of 2010 to Q1 of 2011. Santa Monica buy versus rent example. Rent for $5,500 a month or buy at $1,950,000.

Pasadena $2.4 million short sale and the Dual Income, No Kids growth from 2000. Have younger professionals shifted housing priorities because of the economy and inflated home prices?

Corona del Mar enters real estate correction – sub-$1 million short sale goes below 2003 sales price. $4 million of visible distressed real estate but $53 million in shadow inventory for tiny Corona del Mar.

Beverly Hills short sale selling for $2.15 million and below the $3.3 million in loans. Beverly Hills has 3 foreclosures listed on the MLS but 107 are currently active.

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