I'm seeing GRMs as high as 25. Though 16-18 is more the norm. West of Lincoln is a different ball game than elsewhere. In SIlverlake for example one can get half of that, with just as strong a rental market. However, my clients like most people love the intrinsic value of the beaches. These areas are more immune to extreme downside market fluctuations, as was seen by the past recession.... more
Jean, the most accurate way is to pay for an "appraisor" to give you a "retrospective appraisal", the information will include all resource data, not just the Multiple Listing Service data.
Coldwell Banker Beverly Hills-South