Mar 8 2012
The City – San Francisco remains most overpriced region in California. Bay Area home values down 41 percent from May 2006 peak. 10 years to get to the peak 1996 to 2006. 10 years to bottom out 2006 to 2016.
People seem to think that simply having a good tech industry and a trendy scene warrants an entire region with many millions of people bidding on extremely old properties for whatever a bank will lend them. I don’t say this with enthusiasm or any kind of bravado but the Bay Area has the most overpriced [...]
Apr 13 2010
Los Angeles County has 2,205 Homes that are valued at $1 Million or More in Shadow Inventory. MLS Only Lists 32 Foreclosures with a Price Tag of $1 Million or Higher.
Million dollar home sales in the state continue to fall. In 2009 California saw 18,621 homes sell with a price tag of over $1 million. That is a far cry from 2005 when over 54,000 homes sold with a price of $1 million or more. But one thing that is rarely mentioned is this massive [...]