[ex-Texan]

Then prices have fallen even more than I suggested after my trip down to So-Cal in March, 2007. In March, I suggested house prices had fallen 15% to 25%. Pretty standard sized three bedroom, two bath houses in Calabasas and Encino had fallen about 25%. Houses in Encino average over $ 850,000 and Calabasas prices are much higher.

I lived down there from 1992 - 2000, so i know the area very well. Here is a typical house in Glendale, CA where I lived for about one year:

$ 767,000 Glendale Home -- Featured on CraigsList

[pierstroll]

You're giving me specific examples. I am giving you the statewide average and telling you there are plenty of homes which do not fit your earlier statement. In fact most are not what you stated.

That was my only point and you are either ignoring it because I pointed out your exaggeration or you don't understand basic stat.

If you want to have a pissing match about who knows the California market better, let the unzipping begin.

[stephenjohnbanker]

Tat house was 250,000 just a few years ago : )

[Toddsterpatriot]

Here is a typical house in Glendale, CA where I lived for about one year:

$ 767,000 Glendale Home -- Featured on CraigsList

Sale History

Sale History & Tax Info

Sale History
09/21/2006:	$630,000
11/03/2005:	$510,000
No other sale data is available

Tax Information

Tax Assessment History

	2004	2005	2006
Total property tax paid:	$636	$642	$5,610
Assessed value bldgs:	$24,128	$100,000	$100,000
Assessed value land:	+ $31,715	+ $410,000	+ $410,000
Total assessed value:	= $55,843	= $510,000	= $510,000

Zestimate Information

• Zestimate: $654,158
• 30-day change: $2,263
• Value Range: $595,284 - $758,823
• Last updated: 07/18/2007

Zestimate™ Ranking

This home at $654,158 is valued higher than:	(Median Zestimate) What's a Zindex? The Zindex is Zillow's Housing Index and is the median Zestimate™ for a given geographic area on a given day. Learn more
• 47% of homes in 91206 ZIP code	$670,539
• 42% of homes in Glendale	$701,365
• 63% of homes in Los Angeles County	$567,541
• 69% of homes in CA state	$513,869
• 89% of homes in United States	$253,666

Historical Value Trends display options

Historical Value Trends

• Show as:
• %
• $
• % annualized

Past:	This home	91206	Glendale	Los Angeles	CA	US
30 days	0.3%	0.8%	-0.2%	-0.5%	-0.4%	0.6%
1 year	16.1%	3.7%	0.1%	-1.3%	-4.5%	-4.2%
5 years	231.0%	152.7%	165.4%	181.4%	132.3%	69.5%
10 years	451.1%	266.0%	272.3%	283.1%	249.4%	121.5%
Since last sale (09/21/2006)	17.8%	4.8%	1.0%	-1.2%	-4.4%	-6.2%
30 days	$2,263	$5,544	-$1,724	-$2,805	-$2,185	$1,585
1 year	$90,736	$23,652	$706	-$7,334	-$24,178	-$11,178
5 years	$456,510	$405,139	$437,135	$365,856	$292,695	$103,990
10 years	$535,462	$487,319	$512,974	$419,408	$366,813	$139,169
Since last sale (09/21/2006)

Wow! Asking $137,000 more than they paid in September of 2006 is proof that real estate is crashing in that area.

[BureaucratusMaximus]

$ 767,000 Glendale Home -- Featured on CraigsList

Wow, 1200sq feet for $700k.