The LA Times on Wednesday was all raves about LA-area real estate markets where prices have now surpassed their previous bubble-era heights. (See the Times story here.) Money quote:
Across the region, home prices remain far below their peaks despite an explosive run-up in the first half of 2013. But nominal prices in some affluent neighborhoods have entered uncharted waters.... Sales have tumbled overall, but they continue to climb in wealthy communities.
That sounded familiar, until we got deeper into the story – and Manhattan Beach got no mention at all.
Which cities made the cut?
Arcadia. Mar Vista. Temple City. Irvine. (Pictured.) And 8 more.
Only Venice popped off the page as a coastal market widely known to be hot. The buzz around "Silicon……