What is leading to the increase in value/sale in zip code 90008? How will that continue?

Asked by Bjoern P Petersen, Pasadena, CA Fri Jan 30, 2009

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Lezlie Brazil, Agent, Culver City, CA
Sat Jan 31, 2009
Hi Bjoern,

Here are statistics for the area:

Single family homes are selling at a median price of $241,600 vs. $455,000 nearly a year ago. Condos are $300,000 vs. $242,000.

Keep in mind, there are many REOs and Short Sales in the area which is bringing down single family home values. On the other hand, the new Bedford Parc & Promenade development is helping condo values rise.

Please contact me if you need any additional information.

Lezlie Brazil
Keller Williams Realty
T 310-991-4263
F 310-861-0207
E lezliebrazil@kw.com
Web Reference:  http://www.lezliebrazil.com
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