Completing statistics for the end of 2011, the October S&P/Case-Shiller, is continuing down in both Los Angeles and the 10-city Composite. Los Angeles is down 39.6% from its September 2006 peak, at September 2003 levels. The national (orange line, their original 10-city Composite) index is down 31.9% from its peak in June 2006. The Low, Middle, and High tiers are also graphed. The left column on the chart is peak to bottom; the right is peak to current month.
The DataQuick numbers for November also show an overall downtrend. Los Angeles County's median was at $308K, down 424.0% from its peak in August 2007. That left Los Angeles County at May 2003, Orange County prices at April 2003, Ventura County at February 2003, and San Diego County at May 2002.
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). The Case-Shiller data is a month older and a three-month average.
Friday, December 30, 2011
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