Hello! I've lived continuously in Redondo Beach (the beach cities of Los Angeles) since 1995, and briefly in 1989-1990. During that time I watched a lot of old homes get torn down and Taj Mahalominiums get built in the area, with bubble prices to match. I actually started collecting housing price data in 2001-2002 but it wasn't until late 2005 I started blogging about this area. I'm doing my best to capture the local real estate bubble and ensuing fizzle.
The Case-Shiller index was released for September 2007.
According to the index, Los Angeles area median home price was down -7.0% from September 2006, and down -1.3% from August 2007. To learn more about the Case-Shiller methodology, visit Macromarkets.
posted by bearmaster at 6:35 AM
Economic grizzly bear. Visit me at Beartopia, and find links to my sibling bubble bloggers at my housing education page. At the beginning of each month this blog publishes zip code charts of real estate dollar volume for the LAX area, data provided by Melissa Data (who gets it from Home Data). I publish a preliminary statistics report around the 2nd week, with data coming from my own estimates and sales data provided by Zillow and by Manhattan Beach Reporter. The 3rd week each month I chart DataQuick's median price data for beach city zip codes. Other measures of market action are published week 4, with most data provided courtesy of Shorewood. If you live in the South Bay/LAX area and want to adopt a dog, please consider adopting one from the Carson animal shelter.
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| 90045 | 90245 | 90254 | 90266 | 90274 |
| 90275 | 90277 | 90278 | 90292 | 90293 |
| 90045 | 90245 | 90254 | 90260 | 90266 |
| 90274 | 90275 | 90277 | 90278 | 90292 |
1 Comments:
Here is the Peter Hong story discussing the Case-Shiller Index for September.
L.A., O.C. prices fall sharply
Take note: $3 billion revenue shortfall in state coffers expected in 2008. I think that shortfall will grow. What's the Governator gonna do?!?
Also: the CEO of D.R. Horton said at an industry conference in Las Vegas that 2008 is going to be worse for the industry than 2007. Just when you think it can't get worse..it does.
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