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Re: Home Values going down the toliet? said by HappyBunny:I am just biding my time and then will buy my first home... Ditto, I'm watching the prices, it's almost time. Condo prices are finally going down to correct pricing. Seen drops of $50k on a $450k home, talk about inflation.
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 81399672Premium
join:2006-05-17
Los Angeles, CA
kudos:2 | said by nightdesigns:said by HappyBunny:I am just biding my time and then will buy my first home... Ditto, I'm watching the prices, it's almost time. Condo prices are finally going down to correct pricing. Seen drops of $50k on a $450k home, talk about inflation. not sure what area you seen a house that cost 450k but in san fernando valley you not going to find a house for 450k in a good neighborhood
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i am not a lawyer but I do play one on tv |
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 dogmaXYZPremium
join:2002-08-15
Boulder City, NV
kudos:1
2 edits | www.realtor.com shows 163 properties currently listed in North Hollywood between $550K and $450K. These include both Condos and SFR's.
There are 50 Condos and SFR's listed in Woodland Hills, Canoga Park, and Calabasas today under $550K.
I choose $550K as an up-limit because these are all asking prices in a buyers market. I would bet 5 of these sell for 10% less than asking...if they sell at all this year.
ziprealty.com list 223 homes for sale in Burbank (at any price) as of 2/28/07. 3 years ago, 2/28/04 there were 34 homes for sale in Burbank. This simply illustrates supply/demand, which you and I have agreed is a law.
Ylen, I know Calabasas is a gang-infested, high-crime area with a shitty school system that you may not label as "good"  , but there are homes one can buy today at $450K. |
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81399672Premium
join:2006-05-17
Los Angeles, CA
kudos:2 | yes you can buy a condo for 550k, i can even buy one that is new but then i also know 3kqft that recently sold for 1+ mil (about 20 of the houses) so it all depends what you looking for. I usually look at houses with sqft around 2k+
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i am not a lawyer but I do play one on tv |
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