From the latimes.com, and featured at CR:

http://www.latimes.com/business/realestate/la-fi-luxury-foreclosures-20100829,0,479624,full.story

“The number of homes in the $1-million-and-up market that have become bank owned has tripled during the last three years in Los Angeles County, and the trend has shown little sign of slowing.”

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What about San Diego County? On Foreclosureradar.com you can search by approximate value, here are the number of detached properties over $1,000,000 that were foreclosed in SD County for the entire year:

2007 = 74

2008 = 103

2009 = 162

2010 = 126 so far.

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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