Southern California Real Estate

According to figures recently released by TRW REDI Property Data, average home prices in the Southern California six-county region fell by just over 1% in the month of April, compared to a year earlier, while the number of homes sold was also down by about 8%. The average price of new homes fell 5.2%, while the price of existing homes fell 0.8%. The number of new homes sold fell 5.7%, and the number of existing homes sold fell more than 18%. The data reflects the continuing depressed Southern California housing market, according to TRW.

Average Prices All Homes

Percent Region April, ’92 April, ’91 change Los Angeles 249,337 251,179 - 0.7 Orange 249,906 247,941 0.8 Riverside 161,664 154,024 4.9 San Bernardino 138,178 143,863 - 3.9 Ventura 233,807 240,784 - 2.9 San Diego 206,030 210,976 - 2.3 Southern California 217,815 220,896 - 1.4

Number of Homes Sold

Percent Region April, ’92 April, ’91 change Los Angeles 6,789 7,712 - 11.9 Orange 2,956 3,390 - 12.8 Riverside 2,050 2,186 - 6.2 San Bernardino 2,175 2,255 - 3.5 Ventura 789 776 1.7 San Diego 2,661 2,566 3.7 Southern California 17,420 18,885 - 7.7

Source: TRW REDI Property Data