What’s Going on in Playa Vista?
Saturday, 22nd September 2007
I’m noticing new listings at or below what the previous owner paid. Yikes. Maybe owning an overpriced box on land over pockets of methane gas is less attractive in a sliding housing market?
A 70K loss
An 80K loss
It just goes to show that stats showing the median going up or staying the same are skewed – because these are 10% drops or more.
How about some in other overpriced areas:
Here is a 70 K loss before agent fees:
And here is a 75K haircut. Be sure to note on all these just how many days they have been on the market.
