Pricing trends in Ladera are pretty flat when compared with last year. After a flurry of listing activity early in the year, the pace of new listings has settled down more towards the 1-2 listings per month range.
What seems to be a little different than last year is the number of homes coming on that are "tired." It feels to me like this year has seen a dearth of nicely updated homes hitting the market. The big exception to this is 880 La Mesa (pending with a list price of $2.98M). If you take out this listing, then the average list price drops substantially.
As for the home with the most potential right now, 415 Conil ($1.995M) is dated inside, but it is a big 3 bedroom at over 3000 square feet and has tremendous views and a fair bit of flat land. It sold for $2M even back in February and my understanding is that the buyers never moved in.
Of course, if you are looking in the $2.3M range, you may want to check out the options in Westridge (PV). There have been several listings in the low $2s on an acre plus, many with views. You won't get the same neighborhood feel as Ladera, but you generally get more land, privacy, etc.
Back to Ladera, I haven't seen prices actually drop. The decision to purchase is likely to be more driven by what is available. You may wait 6 months for "your house" or it may come on the market tomorrow.
Disclaimer: I'm a Ladera resident and love it!
Feel free to contact me if you'd like more information.