DataQuick's November stats show more of the same. Los Angeles County (above) volume for November was down 46% from November 2006. Median price was essentially flat at $499K from October's $500K, and down 3% from October 2006. Note the graph above highlights in yellow the second quarter of each year, historically the highest volume and largest price rise. Below are median prices for four southern California counties.
Tuesday, December 18, 2007
DataQuick November
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5 comments:
logically the flood of foreclosures should create some volume - but so far i don't see transaction volume - when will the ton of forclosure sales hit these charts ?
You know, if you look closely at the Data Quik data, it shows prices are well up, not down, in westside neighborhoods....the bubble is still a bubble in rich parts of town, such as the Westside..it is middle class parts of town getting whacked.....
Hey benny... I see you posted the same thing at curbed. It's still OCT data... but keep up the good work, I'm sure if you keep at it, the global financial markets will suddenly realize it's just negative thinking causing all these problems and housing can resume it's upward climb forever!
benny has a right to state what he sees
the facts are that the 90402 is not down a lot yet
YET
let's stand back and watch it happen
I noticed that la county median had been consistently below sd. Recently it shot above, while sd dropped. What's going on with la? It makes me think the bubble is much bigger there and they are due for a more sharp decline.
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