Westside Story

Yeah... 1135 Berkeley has chased this market downward for two full years now. I bet those offers of $1.8 million look good now. $1.4 is about right now. I'm seriously thinking $1.1 by the time the sellers really want to leave. 1001 Stanford is quite lovely, but I think $1,995,000 is excessive. $1.6 is realistic but might not get interest now and $1.4 would sell it tomorrow. 1024 Princeton is smoking something serious $1,499,000 was top of market for a teardown LAST summer. $1.2 is my guess now- again $1.1 by the time the sellers decide thay want to move on.

There have been some intriguing REO properties (if anyone says "propertunities" within the range of my throwing arm, watch out) creeping into the neighborhoods we are looking in... Unfortunately the game has been tossed awry by the lack of trust in the market. Super jumbo loans are difficult to find- even if you have cash in hand and income. When you do find a loan, the rates are rapidly approaching the levels I remember from the 80's Sigh. There's a house on Gretna Green in Brentwood that I love, love, love. Another on Via de La Paz- and not a chance that either of those properties will close unless I can scrounge up cash to buy them outright.