Case-Shiller: Spring Arrives in OC as Home Prices Inch Up

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:

April 2011
Month to Month: Up 0.3%
Year to Year: Down 2.1%
Prices at this level in: September 2003
Peak month: September 2006
Change from Peak: Down 38.6% in 55 months
Low Tier: Under $300,411
Mid Tier: $300,411 to $487,182
Hi Tier: Over $487,182

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: Spring Arrives in LA as Home Prices Inch Up