Wednesday, December 30, 2009

October S&P/Case-Shiller

Yeah, I know, pretty little posting here lately because I've been way busy. But after 2009 ends tomorrow I'll do year-end charts and sales detail to bring things up to date.

In yesterday's October 2009 S&P/Case-Shiller the uptick flattened even more. Overall Los Angeles (including Orange County) was up only 0.30% from September (compared with 0.85% from August and 1.6% from July), now down 38.5% from its September 2006 peak, at October 2003 levels. The national (orange line, their original 10-city Composite) index is down 29.8% from its peak in June 2006.

As I noted last month, the Low, Middle, and High tiers are no longer available without registration and were last reported here with the August update. The left column on the chart is peak to bottom; the right is peak to current month.

Finally, here is the updated Los Angeles Case-Shiller index scaled with the Los Angeles DataQuick median price history (normalized Case-Shiller's January 2000 = 100).

Tuesday, December 8, 2009

New low north of Montana

Here's a new low in prices north of Montana. Yes, it is next to the parking lot behind the corner businesses at 11th and Montana, and the interior photos are definitely "before," but this 3 bed / 1 bath 1,559 SF house at 723 11th St. is only asking $1,300K! So far no takers in the 5 days since it was listed 12/3/09.

"Least expensive R-1 zoned 7,500 sq. ft. lot plus 3 bedroom house, North of Montana. Yes, it is adjacent to a public parking lot, but there is plenty of light and breeze because of this. There is a large entry hall and dining area that help this home be used for entertaining. Expand and remodel this house or rebuild. Opportunity to be North of Montana."