Home prices in Pico-Robertson are down about 25% from 2006 highs. Overall, real estate in this neighborhood has held up pretty well as more people seek to move in.
Rents dipped in the 2008 recession, about 5%, but have overall stayed close to even the past five years. The high-end rents have dropped a tad but the rest are unchanged.
That’s what I’m hearing from people who buy, sell and rent real estate here.