Archive for the 'southern-california-housing' Category

Shadow inventory grows in Southern California – Huntington Beach foreclosure with $1.4 million in loans and no payments made in a year. Auction scheduled for end of March in a mid-tier Southern California beach city.


Double bubble California properties – Mar Vista home sells for less than 1989 peak price and on pace for three lost decades. Culver City condo listed for half of 1989 peak price.


Rancho Palos Verdes and Palos Verdes Estates welcome the California housing crash – From $1.75 million to $1 million in an elite market. MLS has 1 listed foreclosure yet 200 homes are in some stage of foreclosure in Rancho Palos Verdes. A $4.7 million loan made on a $1.5 million home sale in 2003.


Culver City real estate example of a mid-tier city tipping over into correction. Average income $77,000 yet most MLS listed homes selling for $700,000 or more. Few foreclosures selling for 33 percent below MLS non-distressed properties.


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