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 February 2008.
According to the index, the Los Angeles area median home price was down -19.4% from February 2007, and down -4.3% from January 2008.
To view the full report, visit Standard and Poors (PDF file). S&P's home price website is here.
posted by bearmaster at 7:28 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 |
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