Real Estate Prices Have Dropped About 20% In Pico-Robertson Since 2007

Based on anecdotes from real estate agents, I’ve learned that condos that sold for $600,000 in the Pico-Robertson area in 2007 now go for about $520,000.

On the other hand, rents have not decreased. They’ve been going up steadily over the past four years as more people switch from owning a home to renting. Thus, there’s more demand for rentals and prices go up.

I’ve also noticed the odd home boarded up around the community. I assume that is because of foreclosure.

I cover real estate, refinance and mortgages at the following blog:

August 9, 2011

August 7, 2011

August 4, 2011

August 3, 2011

About Luke Ford

Raised a Seventh-Day Adventist at Avondale College in Australia, Luke Ford moved to California in 1977. He graduated from Placer High School in 1984, reported the news at KAHI/KHYL radio for three years, attended Sierra College and UCLA, was largely bedridden by Chronic Fatigue Syndrome for six years, and converted to Judaism in 1993. From 1997-2007, Luke made his living from blogging. Living by Beverly Hills (, he now teaches the Alexander Technique (moving the way the body likes to move). Lessons cost $100 each and last about 45 minutes. In 2011, Luke completed a three-year teaching course at the Alexander Training Institute of Los Angeles. His personal Alexander Technique website is Luke is the author of five books, including: » The Producers: Profiles in Frustration » Yesterday’s News Tomorrow: Inside American Jewish Journalism
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