Case-Shiller: OC-Area Home Price Losses Increase in February

Let’s check in on the S&P/Case-Shiller Home Price Indices (HPI). Here’s a summary of the latest data for the Los Angeles area, which includes LA and Orange Counties:

February 2011
Month to Month: Down 1.0%
Year to Year: Down 2.1%
Prices at this level in: September 2003
Peak month: September 2006
Change from Peak: Down 38.6% in 53 months
Low Tier: Under $302,281
Mid Tier: $302,281 to $491,853
Hi Tier: Over $491,853

Since Case-Shiller lumps LA and Orange Counties together, I won’t repeat everything I wrote on the LA Sweet Digs blog. For more analysis and some graphs of the LA Case-Shiller data, check out my post over there: Case-Shiller: LA-Area Home Price Losses Increase in February