October home prices: Granada Hills, anyone?
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Since the October MDA DataQuick median home prices and sales figures are out, just for grins, let’s take a look at how prices stack up in some of the ZIP Codes with the greatest number of sales in the context of the last several year-end total figures. Perhaps there’s something to be gleaned from a quick check of where we’re at in parts of L.A. County.
For example, here’s where things stand in Granada Hills 91344 for single-family home sales.
Year/Number sold/Median/Price percent change from previous year
2002 849 $310,000 17.0%
2003 926 $375,000 21.0%
2004 837 $480,000 27.9%
2005 786 $575,000 19.8%
2006 703 $605,000 4.5%
2007 464 $595,000 -1.7%
Where we’re at as of October 2008, compared with October 2007.
Oct.* 74 $413,000 -39.3%
It’s an incomplete picture until we get two more months of figures and the comparable year-end totals, but it gives you an idea of how far prices have dropped for a given area. The number of homes sold are really too small to bother doing such a rundown for most L.A. County ZIP Codes, but give a shout if there’s someplace you are particularly interested in, and I’ll see if it makes sense to compile it.
UPDATE: *Sorry for the confusion, that’s Oct. 2008.
-- Lauren Beale
Thoughts? Comments?
Redfin. Credit: Elite REO Services
