In 2006, I represented the seller on their sale of this mid-century condo on Central in Glendale.  It was a 2+ den, 2 bath spacious unit, with what I like to refer to as “good bones”.  Yes, it was a fixer, but with fabulous potential. The unit was listed for $429,000 and sold for $430,000.  Those were the days… The buyer was a local Realtor (he’s no longer a local Realtor, not sure what happened to him). 

 In June of 2009, the same unit resold as a foreclosure for $330,000.  A 23% decrease. The interesting factlet is that three years later the bank owner hired my brother-in-law, Joe Harb to sell the same unit that I sold in  2006.  How is that for a real estate coincidence?