Maralee Grantham's Blog

Sunday, December 13, 2009

Always your best investment Westside properties

I receive so many calls from people in Chicago and Philadelphia and e mails from people in Hong Kong wanting to buy foreclosures in California.
They want to be on the Ocean and or have a direct Ocean view.
Recently I did a study through the new Martket Metrics analysis: For all west side of Los Angeles cities the decrease in price for homes was down 16%.
This is more of a reflection of the frenzied run up in late 2005 -2006 rather than any recession.
It wtill holds true no matter where you go in the United States. No area holds it price like this area.
Even in the 1974 downturn, prices in the Westside communities bounced back.

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