2009 Real Estate Guide
real estate
Home price trends in Los Angeles

City-by-city price comps
Los Angeles
Give this city an Oscar -- for affordability. That's happened as unemployment has topped 10 percent and construction levels have dwindled. John Burns Real Estate Consulting reports a four-year supply of lots and an eight-month supply of homes. East of Los Angeles, Riverside/San Bernardino is among the 10 markets where Local Market Monitor expects the worst performance in home price this year, and it's home to the third-highest number of foreclosures in the United States last year.
Median price end of 2008:$354,300
Median price end of 2007:$516,600
Percent change:-31.4%
Projected change through Q3 2009:-32.1%
Affordability rating:1.5
Foreclosures in 2008:
(1 for every 35 households)
Foreclosures in 2007:
(1 for every 74 households)
Change in foreclosures:113.5%
Expected to hit bottom:Q3 2010
Percent drop needed to reach bottom:-53%
Current rate comparison
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Price trends
Q1 2008 national median price: $196,100
Q2 2008 national median price: $206,400
Q3 2008 national median price: $200,400
Q4 2008 national median price: $180,100
Q1 2008 local median price: $459,400
Q2 2008 local median price: $418,900
Q3 2008 local median price: $390,600
Q4 2008 local median price: $354,300

 Back to the 40-city chart overview.


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