Case-Shiller: Summer Ends Early for Orange County Home Prices

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:

August 2011
Month to Month: Down 0.4%
Year to Year: Down 3.5%
Prices at this level in: October 2003
Peak month: September 2006
Change from Peak: Down 38.2% in 59 months
Low Tier: Under $302,800
Mid Tier: $302,800 to $498,018
Hi Tier: Over $498,018

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 Ends Early for Los Angeles Home Prices