The Los Angeles real estate market fluctuates by neighborhood.  Last year, more affluent neighborhoods were hanging on to higher values, but the stats are catching up with them. Homeowners with higher incomes can apparently hold on longer; but ultimately no matter which neighborhood, homeowners are going to be pay the depreciation piper.



The number of active listings (inventory) is down in Glendale and La Crescenta, but up in La Canada. Days on market (the number of days it takes to sell) is up in all three communities.  The number of vacant homes are down... perhaps because of the foreclosure moratorium.