93% of Homes in Southland Lost Value Since ’90

Want to see how the value of your home has fared in the three-year-long real estate downturn? The chart at the end of this story should help, but be warned--it’s not a pretty sight, unless you live, for example, in Compton or Corona del Mar.

There are 3.7 million houses in Southern California, located in 267 identifiable communities. Of those areas, 93%, or 249 communities, experienced price drops over the past three years, according to Dataquick Information Systems, which provides the Real Estate section with its price and sales data on Sundays.

The median drop in home values throughout the Southland was 12.9% over three years, Dataquick President Michael T. Ela said.

To measure the decline in value, Dataquick compared the median price per square foot of resale houses for last July and for July, 1990.

Using the price per square foot is one of the simplest and most accurate ways to look at housing prices, Ela said.

“When you use a year-over-year median price, more high-end home sales in a community will pull up the median,” he said, “and more entry-level sales tug the median down. That’s the effect of what we call the ‘market mix.’ ”

By using the square-foot price, the more-expensive houses won’t have a disproportionate influence on the median price in an area, nor will less-expensive homes, Ela said. (The median price means that half the homes sold for more and half for less the median.)

Of the seven Southland counties, Ventura County has been the hardest hit, with a 17.4% median drop over three years. Next was Los Angeles County, with a 16.9% decline. Then came Riverside, 12.9%; Orange, 12.4%; Santa Barbara, 11.2%; San Diego, 8.5%, and San Bernardino, 2.4%.

Expensive communities have seen the steepest declines, Ela said. Homes in Beverly Hills, for example, were going for $434.37 per square foot three years ago. Today they cost $287.55, a decline of 33.8%.

And three years ago, Beverly Hills was the Southland’s priciest area; now it’s No. 4 behind Rolling Hills, Corona del Mar and Pacific Palisades. (Interestingly, Corona del Mar, unlike most expensive areas, actually rose in value 2.9% over the past three years.)

Curious about the other communities where home prices went up? Here they are:

In Los Angeles County--Compton, Huntington Park and Redondo Beach; Orange County--Corona del Mar; San Diego County--Borrego Springs, Coronado, National City and San Ysidro; in Riverside and Bernardino--Barstow, Fawnskin, Idyllwild, Indian Wells, Loma Linda, Lucerne Valley, Palm Springs, Running Springs, Twenty-Nine Palms and Twin Peaks.

LOS ANGELES COUNTY

City July, ’90 July, ’93 % price per price per chng. sq. foot sq. foot Acton $135.81 $113.39 -16.5% Agoura $169.91 $135.69 -20.1% Agoura Hills $164.77 $140.89 -14.5% Alhambra $179.23 $155.76 -13.1% Altadena $169.96 $147.29 -13.3% Arcadia $208.74 $178.26 -14.6% Arleta $142.79 $119.27 -16.5% Artesia $165.24 $151.52 -8.3% Azusa $136.27 $124.27 -8.8% Baldwin Park $137.62 $122.42 -11.0% Bell $160.66 $142.73 -11.2% Bell Gardens $135.91 $121.99 -10.2% Bellflower $150.61 $131.07 -13.0% Beverly Hills $434.47 $287.55 -33.8% Burbank $193.86 $161.01 -16.9% Calabasas $172.07 $139.58 -18.9% Canoga Park $148.90 $115.66 -22.3% Canyon Cntry $148.01 $123.12 -16.8% Carson $145.14 $119.29 -17.8% Castaic $141.67 $116.35 -17.9% Cerritos $172.32 $141.29 -18.0% Chatsworth $159.98 $125.75 -21.4% Claremont $131.50 $117.76 -10.4% Compton $101.55 $105.93 4.3% Covina $141.73 $126.88 -10.5% Culver City $226.27 $178.71 -21.0% Diamond Bar $147.76 $122.79 -16.9% Downey $165.13 $144.82 -12.3% Duarte $154.89 $131.43 -15.1% El Monte $155.73 $130.24 -16.4% El Segundo $216.11 $181.18 -16.2% Encino $226.68 $168.38 -25.7% Gardena $156.66 $140.02 -10.6% Glendale $212.09 $162.22 -23.5% Glendora $149.87 $131.53 -12.2% Granada Hills $158.46 $122.69 -22.6% Hacienda Hgts $154.36 $127.17 -17.6% Harbor City $181.75 $138.61 -23.7% Hawthorne $205.20 $139.13 -32.2% Hermosa Bch $285.11 $186.99 -34.4% Huntington Pk $138.83 $147.41 6.2% Inglewood $128.55 $123.05 -4.3% La Canada Flnt. $271.76 $216.17 -20.5% La Crescenta $231.64 $174.41 -24.7% La Habra $209.54 $145.00 -30.8% La Mirada $146.80 $131.41 -10.5% La Puente $135.00 $120.83 -10.5% La Verne $144.21 $120.83 -16.2% Lakewood $170.90 $140.12 -18.0% Lancaster $88.91 $68.21 -23.3% Lawndale $167.47 $154.93 -7.5% Littlerock $98.50 $77.03 -21.8% Lomita $218.11 $150.50 -31.0% Long Beach $168.20 $141.53 -15.9% Los Angeles $147.73 $142.72 -3.4% Lynwood $129.40 $126.76 -2.0% Malibu $350.47 $243.71 -30.5% Manhattn Bch $265.64 $244.13 -8.1% Maywood $164.93 $146.87 -10.9% Mission Hills $135.79 $116.91 -13.9% Monrovia $167.13 $150.64 -9.9% Montebello $155.89 $137.29 -11.9% Monterey Pk $172.52 $157.57 -8.7% Newhall $148.39 $131.48 -11.4% North Hills $148.15 $113.33 -23.5% N. Hollywood $175.09 $142.97 -18.3% Northridge $163.66 $128.95 -21.2% Norwalk $146.64 $136.64 -6.8% P. Palisades $399.63 $307.05 -23.2% Pacoima $133.02 $118.18 -11.2% Palmdale $93.66 $72.24 -22.9% P.V. Est. $321.99 $247.24 -23.2% Panorama Cty $162.40 $134.62 -17.1% Paramount $143.96 $139.52 -3.1% Pasadena $199.61 $162.67 -18.5% Pico Rivera $146.26 $141.60 -3.2% Pomona $110.25 $97.56 -11.5% Quartz Hill $96.74 $75.99 -21.4% Rancho P.V. $262.62 $201.16 -23.4% Redondo Bch $193.66 $200.00 3.3% Reseda $156.15 $123.43 -21.0% Rolling Hills, Ests $360.32 $337.43 -6.4% Rosemead $174.97 $143.93 -17.7% Rowland Hgts $150.93 $124.67 -17.4% San Dimas $145.30 $119.19 -18.0% San Fernando $142.33 $122.08 -14.2% San Gabriel $183.74 $169.53 -7.7% San Marino $296.60 $237.34 -20.0% San Pedro $225.53 $160.13 -29.0% Santa Clarita $135.47 $122.77 -9.4% Santa Fe Sprng $140.10 $139.34 -0.5% Santa Monica $349.31 $283.70 -18.8% Saugus $139.39 $124.58 -10.6% Sherman Oaks $236.78 $173.14 -26.9% Sierra Madre $241.99 $181.16 -25.1% South Gate $156.07 $146.36 -6.2% So. Pasadena $225.70 $171.97 -23.8% Studio City $251.91 $205.83 -18.3% Sun Valley $160.17 $123.96 -22.6% Sunland $166.42 $135.93 -18.3% Sylmar $142.78 $115.92 -18.8% Tarzana $227.50 $155.37 -31.7% Temple City $184.40 $162.27 -12.0% Torrance $217.69 $171.23 -21.3% Tujunga $179.52 $131.15 -26.9% Valencia $154.28 $127.53 -17.3% Van Nuys $166.12 $123.86 -25.4% Venice $302.48 $209.70 -30.7% Walnut $158.24 $133.89 -15.4% West Covina $142.38 $121.00 -15.0% West Hills $161.12 $127.76 -20.7% W. Hollywood $264.58 $237.86 -10.1% Westlake Vl $175.72 $152.04 -13.5% Whittier $149.31 $133.57 -10.5% Wilmington $135.77 $113.86 -16.1% Woodland Hlls $183.14 $136.98 -25.2% Countywide $161.76 $138.87 -16.9%

ORANGE COUNTY

City July, ’90 July, ’93 % price per price per chng. sq. foot sq. foot Anaheim $141.26 $124.05 -12.2% Brea $144.72 $124.10 -14.3% Buena Park $146.39 $130.17 -11.1% Capistrano Bch $188.76 $134.41 -28.8% Corona Del Mar $312.65 $321.84 2.9% Costa Mesa $166.91 $138.43 -17.1% Coto De Caza $140.93 $132.89 -5.7% Cypress $154.32 $133.97 -13.2% Dana Point $173.24 $150.91 -12.9% El Toro $137.53 $122.53 -10.9% Fountain Valley $154.05 $131.53 -14.6% Fullerton $152.43 $136.34 -10.6% Garden Grove $144.48 $127.05 -12.1% Huntington Bch $170.66 $151.46 -11.3% Irvine $163.38 $147.45 -9.7% Laguna Beach $304.99 $276.39 -9.4% Laguna Hills $137.10 $121.76 -11.2% Laguna Niguel $153.63 $130.66 -15.0% La Habra $143.16 $132.29 -7.6% La Palma $150.26 $122.09 -18.7% Los Alamitos $207.28 $175.01 -15.6% Mission Viejo $142.66 $120.92 -15.2% Newport Beach $273.58 $234.17 -14.4% Orange $148.01 $132.45 -10.5% Placentia $135.33 $119.31 -11.8% R. Snta Mrg. $127.19 $118.63 -6.7% San Clemente $159.95 $137.62 -14.0% S.Juan Cap. $147.39 $123.85 -16.0% Santa Ana $151.05 $129.73 -14.1% Seal Beach $217.70 $166.67 -23.4% Stanton $128.37 $120.65 -6.0% Trabuco Cnyn $129.04 $113.99 -11.7% Tustin $150.47 $122.44 -18.6% Villa Park $182.68 $154.74 -15.3% Westminster $151.08 $132.01 -12.6% Yorba Linda $147.48 $133.31 -9.6% Countywide $150.76 $132.15 -12.4%

SAN DIEGO COUNTY

City July, ’90 July, ’93 % price per price per chng. sq. foot sq. foot Alpine $121.51 $105.79 -12.9% Bonita $125.61 $120.07 -4.4% Borrego Sprng $74.18 $92.28 24.4% Carlsbad $140.10 $122.24 -12.8% Chula Vista $123.29 $114.59 -7.1% Coronado $224.79 $232.27 3.3% Del Mar $234.92 $197.37 -16.0% El Cajon $118.60 $113.38 -4.4% Encinitas $157.13 $130.19 -17.1% Escondido $118.10 $103.69 -12.2% Fallbrook $127.39 $103.95 -18.4% Imperial Beach $127.67 $118.45 -7.2% Jamul $129.58 $113.17 -12.7% La Jolla $269.04 $226.17 -15.9% Lakeside $114.51 $111.03 -3.0% La Mesa $127.13 $115.48 -9.2% Lemon Grove $109.98 $101.27 -7.9% National City $101.54 $106.59 5.0% Oceanside $113.71 $97.22 -14.5% Poway $131.26 $122.65 -6.6% Ramona $108.26 $99.52 -8.1% Rncho Snta Fe $240.60 $201.80 -16.1% San Diego $132.15 $121.33 -8.2% San Marcos $122.38 $104.01 -15.0% Santee $120.17 $113.41 -5.6% San Ysidro $93.29 $101.92 9.2% Solana Beach $190.49 $174.88 -8.2% Spring Valley $109.67 $100.03 -8.8% Valley Center $132.45 $117.36 -11.4% Vista $117.45 $99.02 -15.7% Countywide $124.45 $113.39 -8.5%

RIVERSIDE AND SAN BERNARDINO COUNTIES

City July, ’90 July, ’93 % price per price per chng. sq. foot sq. foot Alta Loma $114.92 $98.99 -13.9% Apple Valley $70.58 $65.22 -7.6% Banning $78.95 $71.68 -9.2% Barstow $47.88 $54.89 14.6% Beaumont $80.91 $77.68 -4.0% Big Bear City $92.05 $80.88 -12.1% Big Bear Lake $103.30 $101.40 -1.8% Bloomington $89.27 $87.30 -2.2% Blythe $55.16 $48.02 -12.9% Canyon Lake $104.94 $84.89 -19.1% Cathedral City $79.62 $67.39 -15.4% Chino $120.25 $106.44 -11.5% Colton $88.77 $79.27 -10.7% Corona $110.71 $92.51 -16.4% Crestline $91.25 $88.66 -2.8% Des. Hot Sprng $59.56 $59.19 -0.6% Fawnskin $90.55 $114.29 26.2% Fontana $98.80 $86.40 -12.6% Grand Terrace $90.36 $86.67 -4.1% Helendale $77.61 $73.64 -5.1% Hemet $81.26 $67.64 -16.8% Hesperia $74.69 $62.70 -16.1% Highland $85.14 $80.65 -5.3% Idyllwild $112.95 $122.00 8.0% Indian Wells $171.85 $199.42 16.0% Indio $74.49 $70.05 -6.0% Joshua Tree $52.99 $46.99 -11.3% Lk Arrowhead $113.85 $100.97 -11.3% Lake Elsinore $96.09 $77.32 -19.5% La Quinta $75.41 $73.51 -2.5% Loma Linda $88.96 $93.68 5.3% Lucerne Valley $50.77 $53.76 5.9% Mentone $81.17 $80.13 -1.3% Mira Loma $111.11 $96.53 -13.1% Montclair $102.21 $94.47 -7.6% Moreno Valley $90.11 $76.79 -14.8% Morongo Valley $55.99 $52.08 -7.0% Murrieta $94.08 $78.83 -16.2% Needles $58.00 $44.35 -23.5% Norco $118.49 $95.41 -19.5% Nuevo $88.77 $81.44 -8.3% Ontario $110.89 $97.94 -11.7% Palm Desert $98.50 $91.75 -6.9% Palm Springs $89.23 $89.80 0.6% Perris $90.91 $75.36 -17.1% Phelan $82.15 $78.88 -4.0% R. Cucamonga $116.08 $102.86 -11.4% Rancho Mirage $179.94 $130.99 -27.2% Redlands $99.94 $92.67 -7.3% Rialto $87.60 $78.17 -10.8% Riverside $98.40 $87.27 -11.3% Running Sprng $85.16 $87.09 2.3% San Bernardino $79.07 $73.10 -7.6% San Jacinto $79.79 $69.44 -13.0% San Moritz $95.66 $85.03 -11.1% Sugarloaf $83.04 $79.06 -4.8% Sun City $88.01 $75.21 -14.5% Temecula $98.10 $82.08 -16.3% 29 Palms $46.13 $49.02 6.3% Twin Peaks $87.33 $90.85 4.0% Upland $122.58 $104.55 -14.7% Victorville $69.26 $64.32 -7.1% Wildomar $80.72 $75.49 -6.5% Wrightwood $123.76 $108.61 -12.2% Yucaipa $91.48 $85.50 -6.5% Yucca Valley $54.78 $53.80 -1.8% Riverside County $88.77 $77.32 -12.9% S. Bernardino Co. $87.60 $85.50 -2.4%

SANTA BARBARA AND VENTURA COUNTIES

City July, ’90 July, ’93 % price per price per chng. sq. foot sq. foot Agoura $163.25 $142.32 -12.8% Camarillo $157.07 $131.99 -16.0% Carpinteria $218.91 $185.25 -15.4% Fillmore $130.95 $106.48 -18.7% Goleta $176.89 $164.90 -6.8% Lompoc $107.65 $94.20 -12.5% Moorpark $139.50 $112.26 -19.5% Newbury Park $152.22 $121.80 -20.0% Oak View $156.65 $140.58 -10.3% Ojai $177.98 $144.51 -18.8% Oxnard $141.30 $119.74 -15.3% Port Hueneme $152.89 $116.07 -24.1% Santa Barbara $230.70 $207.10 -10.2% Santa Maria $104.86 $91.36 -12.9% Santa Paula $148.58 $114.29 -23.1% Simi Valley $143.92 $117.91 -18.1% Thousand Oks $153.14 $130.98 -14.5% Ventura $154.75 $130.29 -15.8% Westlake Vll $170.48 $153.16 -10.2% Snt. Barbara Co. $156.34 $142.81 -11.2% Ventura County $155.70 $128.72 -17.4%