Tracking L.A. home prices and sales

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A quick follow-up on today’s DataQuick numbers. As you can see below, the year-over-year percentage decline in median prices paid in Los Angeles hit a new peak in June, down 23.9% from June 2007. The trailing 12-month sales total for L.A. County hit a new low and is running 54% below 2004 levels.

Read more about the DataQuick numbers here (Annette Haddad on the spike in sales in the Inland Empire), and here (Peter Hong on the overall numbers for Southern California).

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
May 08 $422,000 -23.3% 60,144
June 08 $415,000 -23.9% 58,242

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

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