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:
July 2011
Month to Month: Up 0.2%
Year to Year: Down 3.5%
Prices at this level in: October 2003
Peak month: September 2006
Change from Peak: Down 37.9% in 58 months
Low Tier: Under $303,331
Mid Tier: $303,331 to $496,849
Hi Tier: Over $496,849
Month to Month: Up 0.2%
Year to Year: Down 3.5%
Prices at this level in: October 2003
Peak month: September 2006
Change from Peak: Down 37.9% in 58 months
Low Tier: Under $303,331
Mid Tier: $303,331 to $496,849
Hi Tier: Over $496,849
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: Summer is Kind to Los Angeles Home Prices
