Where were we one year ago & where are we today? I have been keeping statistics for over a year. 

One year real estate comparison:

Glendale 
4/29/2008
221 homes ranging from $299,000 - $3,295,000
averaging 73 days on the market
73 of the homes are vacant
14 (of the 221 listings) are subject to lender's approval of a short pay off
AS OF 5/1/2007
186 homes ranging from $419,900 - $3,750,000
averaging 57 days on the market

La Canada
4/29/2008
90 homes available in La Canada (91011 zip code) ranging in price from $699,000 -$7,600,000
averaging 73 days on the market
Of the 89 listings, 19 are vacant and 4 are listed subject to lender's approval of short pay off 
17 homes are available under $1,000,000
AS OF 5/1/2007
79 homes available in La Canada (91011 zip code) ranging in price from $745,000 - $4,995,000
averaging 47 days on the market
10 homes are available under $1,000,000.

La Crescenta, 91214
4/29/2008
74 homes available ranging from $399,000 - $1,700,000
averaging 61 days on the market
22 of these listings are vacant
3 of the (74 listings) are subject to lender's approval of short pay off
AS OF 5/1/2007
96 homes available ranging from $470,000- $1,699,000
averaging 44 days on the market
Note inventory decreasing in La Crescenta...

Are there opportunities for Los Angeles home buyers? Absolutely!