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:
May 2011
Month to Month: Up 0.5%
Year to Year: Down 3.2%
Prices at this level in: October 2003
Peak month: September 2006
Change from Peak: Down 38.3% in 56 months
Low Tier: Under $301,073
Mid Tier: $301,073 to $489,946
Hi Tier: Over $489,946
Month to Month: Up 0.5%
Year to Year: Down 3.2%
Prices at this level in: October 2003
Peak month: September 2006
Change from Peak: Down 38.3% in 56 months
Low Tier: Under $301,073
Mid Tier: $301,073 to $489,946
Hi Tier: Over $489,946
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: A Bit of Spring for Los Angeles Home Prices