L.A. home prices down 19.4%, back to March ’05 levels

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More on today’s DataQuick report on April home sales in Southern California: Median sales prices in Los Angeles have fallen 20.9% from peak levels, 19.4% over the past year, and have now rolled back to March 2005 levels, according to DataQuick’s analysis.

The level of 12-month trailing sales in the L.A. market (the column at right below) continues to plummet, and is now running 40% below year-ago levels. Trailing 12-month sales provided a good overview of market activity;

Month L.A. median sales price y/y change 12-month L.A. sales total

June 04 $414,000 32.3% 127,027
Jan. 07 $520,000 6.0% 108,755
Feb 07 $528,000 8.0% 107,966
Mar 07 $540,000 6.0% 105,514
Apr 07 $540,000 6.0% 103,450
May 07 $550,000 7.0% 100,160
Jun 07 $545,000 5.0% 96,513
Jul 07 $547,500 5.0% 94,478
Aug 07 $550,000 6.0% 90,985
Sept 07 $525,000 1.2% 86,610
Oct 07 $500,000 -3.8% 82,527
Nov 07 $499,000 -3.5% 78,712
Dec 07 $470,000 -10.5% 74,663
Jan 08 $458,000 -11.9% 71,256
Feb 08 $460,000 -12.9% 68,424
Mar 08 $440,000 -18.5% 64,334
Apr 08 $435,000 -19.4% 62,125

Note: June 2004 stats are added to show peak levels of 12-month L.A. sales and y/y change in median sales prices.
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