Well, it really depends upon the Condo and the location. Real Estate is down all over, although some areas less then others. Real Estate is local, and Culver City is a good area.
Some of the real advantages to buying now is the Tax Credits and the Interest rates. I'm sure your Realtor has done a CMA for you, that should give you the answers you need regarding the price and whether or not it is fair for the property in question.
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