Tuesday, July 7, 2009

Bel~Air graces the pages of Forbes Magazine

Bel~Air got a mention in Forbes Magazine this week -- to bad it was in an article entitled "America's Fastest-Failing Neighborhoods." As it turns out, it is not as bad as it could have been:

"If you live in the leafy, mansion-filled Bel Air neighborhood of Los Angeles, where sales prices have declined 31% at the median to $1.5 million, you're probably comforted by the fact that you don't live in Glassell Park in East L.A. In that part of town, buyers counting on neighborhood improvement when they bought in the fringe area have seen median sales prices plummet 50% to $225,000 in the last year."