Beach Cities maps of distress

I fixed the RealtyTrac foreclosure map link in the sidebar. You can click it here (for some reason only IE works on my machines).

When the map comes up, you'll see a note that says Too many properties on map. Use the + and - tools in the upper left corner to zoom in and out.

To the left you'll also see a map key. Just keep in mind that R=resale and F=for sale by owner do not necessarily imply financial distress. It's the remaining symbols that, in my opinion, are more interesting.

Here's a map of my neighborhood in extreme north Redondo. My favorite section of north Redondo, the TRW Tract, is just a few blocks east of me. The boundary between Redondo Beach and Lawndale is Inglewood Avenue, and you can see even on that thin sliver of Lawndale that the symbols are much thicker east of Inglewood Avenue. Compared to Lawndale, there is relatively little financial distress - but it is increasingly popping up.

It's a shame there is no Hermosa Beach bubble blogger. So I'll post this distress map of Hermosa, which encompasses a northern portion of south Redondo. The triangular section bounded by Ripley Avenue-190th, Pacific Coast Highway, and Artesia Blvd has a greater distress density than Hermosa (west of PCH).

And here's Manhattan Beach. There is a smattering of distress activity. There is a gated community north of Marine that I have never set foot in - notice I have that labeled, as there are two distressed properties in there.

Here's El Segundo, with a similar smattering of activity.

Now for comparison, look at the distress density in a portion of Lawndale.

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Housing bulls were telling us not long ago that property values would never decline more than 10-15% in the beach cities (read the comments in the link). Well we've sliced through that level. I've seen a few properties sell in excess of 20% markdown from the peak, and I see inventory with even greater price reductions.

As this decline is still young, I'll try and repost pictures periodically.