.,  in Los Angeles, CA

Where is the least hit and most likley to rebound market in your opinion?

Asked by ., Los Angeles, CA Mon Jan 5, 2009

Get advice from experts instantly. Looking for factual data that can be supported. People are going to come back and start buying again .. . .maybe? Whats the location or increasing values of your homes? Give and get advice from those in the know.

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I love Ladera Ranch. But it's one of the OC's communities hit the hardest by the downturn in our residential real estate market is Ladera Ranch.

Most of the people at Ladera who bought homes there between 2004 and 2006 paid 20% or less down for these new homes. Those folks have lost most or all of their equity.

The market at Ladera is now started to move in a positive way, with most sales of entry level, or bank owned and distressed homes, leading the way.

However, because of large number of distressed properties at Ladera and those with no equity, and the large number of homes for sale, we expect that area to be down for two to four years before the market has absorbed what's necessary for a truly healthy start.

Harrison K. Long, Explore Group properties, Coldwell Banker Previews, Irvine, CA.

For a good home and property search site check out
0 votes Thank Flag Link Sun Jan 18, 2009
San Francisco without a doubt. Median down only 20% for the year and no new land to build on. When money becomes available prices will start to move back up and probably quickly due to the limited supply and constant demand of the best and brightest wanting to live here.
0 votes Thank Flag Link Tue Jan 6, 2009
Jed Lane, Real Estate Pro in San Francisco, CA
I agree with Bill...it all comes back to the old adage 'location, location, location'! Here in the Laguna Beach and Newport area I've noticed that those who haven't been able to afford an oceanfront community in the past are online and out and about checking Open Houses, etc. It's definitely a good time to buy with the mortgage rates down and housing prices down.
0 votes Thank Flag Link Mon Jan 5, 2009
Without a doubt, the least hit and most likely to rebound are Newport Beach waterfront homes.

While we are in a serious buyers market, prices are slumping and inventory is abundant, waterfront properties are scarce by comparison. Prices for these types of properties which include bayfront and oceanfront Newport Beach homes for sale have fallen but not as much as properties not on the waterfont.

Many of the sellers are in "Cash" positions and are not in a bind to sell. The market for these properties remains strong. The problem with selling waterfront homes today lies with both buyer and sellers - buyers are convinced the prices will continue to fall and sellers are, in many cases, unrealistic about the asking price.

Newport Beach waterfront homes will be the first to recover because they are, by comparison, harder to come by. Suppy and demand. Buyers come to Newport Beach from all over the world looking to own property here. When the economic dark skies begin to clear Newport Beach waterfront homes will be among the first to see the sun.

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0 votes Thank Flag Link Mon Jan 5, 2009
DEFINATELY not anywhere in Florida! BUT, the good news with Florida is that it just might be the first place to start rebounding since we got hit sooo early in the game.
0 votes Thank Flag Link Mon Jan 5, 2009
Our feeling is that the least effected and first to rebound will be beach communities and vacation areas because of their desirability.
0 votes Thank Flag Link Mon Jan 5, 2009
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