Archive for the 'real city of genius' Category

The mid-tier correction in California housing – Burbank California shadow inventory three times the size of non-distressed MLS inventory.


The living bubble cities of California – Pasadena property falls over 50 percent in 7 years. 27 foreclosures listed on MLS while 553 properties remain in the shadow inventory. $1.8 million multi-property sale to $330,000?


Real County of Genius – Ventura County meets the housing correction. A mid-tier market with a median home price of $370,000 down from the $627,000 peak of 2006. Thousand Oaks and Newbury Park. Prime mid-tier examples of the correction.


The anatomy of a housing bubble city – Pasadena California home prices expanded from $220,000 to $662,000 from 2000 to 2007. Why housing prices will correct in mid-tier California cities over the next few years.


Real City of Genius – The Westside of Los Angeles. Three short sales in Palms, Santa Monica, and Culver City. $100k to $300k in discounts in prime Southern California locations. Short sales still too expensive even with large discounts


Real City of Genius – Substitution effect – Culver City real estate inventory highest since 2008 as median square price declines. Selling bigger homes for less and condo sales dominate.


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