FS: House in Beverly Hills, 90210
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Registered User
Joined: Aug 2003
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From: Los Angeles
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had 1-2 people per week looking. everyone seems to like it but no offers yet. market is sloooooow but seems to be holding pretty firm around here. only takes one right buyer.
Registered User
Joined: Apr 2005
Posts: 544
From: Austin, TX
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It's definitely slowing down. I feel lucky to have sold my Topanga home in June, right before the mortgage meltdown. We bought in Malibu on a home that had been sitting for 6 months and got a 25% reduction on the original list price so we swooped in. It will prob take at least 3-5 months in this market above the 2M range to sell.
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Registered User
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From: Los Angeles
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It's definitely slowing down. I feel lucky to have sold my Topanga home in June, right before the mortgage meltdown. We bought in Malibu on a home that had been sitting for 6 months and got a 25% reduction on the original list price so we swooped in. It will prob take at least 3-5 months in this market above the 2M range to sell.
Former Vendor
Joined: Oct 2003
Posts: 12,355
From: NYC
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Steve, the luxury goods market is terrible. I have 2 people per day "buying" my Gallardo yet no one seems to have the money to actually pay for it...LOL
I had a lawyer from NY ask me questions for 30 minutes the other day only to say "I'll let you know, not sure I'm ready to spend $100K on a car"...Hahaha
I didn't have the heart to burst his bubble.
I had a lawyer from NY ask me questions for 30 minutes the other day only to say "I'll let you know, not sure I'm ready to spend $100K on a car"...Hahaha
I didn't have the heart to burst his bubble.
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Joined: Apr 2006
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From: LA
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The market is indeed slow and not only with homes - rentals are also suffering above what i believe to be a very specific price point.
I am looking to buy another place right now in the 700-900k range and have put it on hold for 6-9 months unless i find something that meets all of my requirements obviously.
Best of luck Steve,
Josh.
I am looking to buy another place right now in the 700-900k range and have put it on hold for 6-9 months unless i find something that meets all of my requirements obviously.
Best of luck Steve,
Josh.
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Joined: Nov 2005
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From: South FL
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A month back I saw quite an interesting show on either NBC or CNN (sorry don't remember). They mentioned that Florida and California got hit the hardest in regards to the mortgage crisis. They also mentioned that in the two named states the prices will drop another 30%-50% in the next 5-8 month however I am still not for certain that they were talking about the entire house market or only the Condos. The interesting part was that Bend, Oregon had the highest increase of value all over the US for this and last year.
Flo
Flo
LOL
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hey guys. the market has obviously totally slowed down. Although not in a hurry financially (thank god) I am really itching to move and starting to feel trapped. If you know anyone interested, I'd like to arrange a private sale (save commissions) and am willing to let it go considerably under market. I'm happy to pay anyone who brings a deal to the table a nice fee as well.