Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
Tuesday, January 08, 2008
R.E. Prices down 11.7% YOY
Thanks to Peter Viles and his LALAND blog for this statistic. Apparently, Dataquick has measured sales data and homes in the area are now selling for 11.7% less than they did at this time last year. From a boots-on-the-ground perspective, that sounds about right. Didn't UCLA's Anderson Biz School predict a 12% drop in prices for 2007 at the beginning of last year?
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