The Market in Southern Caifornial Now

Now in Our Market


-Prices are 30 to 40% off peak levels
-Inventory is at the lowest level in many years so sellers have great opportunities
-Westside distressed properties account for only 13% of totals currently
-Currently highest volume sales are $3mm and above
-$1mm and below uncertain job security, lower equity
-People are selling for good reasons, “Triple D’s” debt, death, divorce
-San Diego which dropped like a rock is now in a stable recovery
-More than 40% are cash transactions
-Santa Monica is the hottest market among other reasons, Metro Line is due


2011 May be the year of the lament, “I wish I had bought in 2011”.