My neighborhood was in the $600K range back in 2006, now its in the $400K range, down 30% from the peak. Check out the latest percentages from the so-called DQ NEWS.... a reliable source, ALL DOWN..... SOCAL DOWN 23%.... OUCH! :shock: :oops: THESE ARE SEVERE PRICE DECLINES, AND NO END IN SIGHT... 2008 has proven to be a HORRIBLE year for real estate.
All homes Apr-07 Apr-08 % Chng Apr-07 Apr-08 % Chng
Los Angeles 7,225 5,016 -30.6% $540,000 $435,000 -19.40%
Orange 2,682 2,166 -19.2% $629,000 $500,000 -20.50%
Riverside 2,987 3,186 6.7% $409,000 $295,000 -27.90%
San Bernardino 2,049 1,667 -18.6% $370,000 $265,000 -28.40%
San Diego 3,436 2,809 -18.2% $490,000 $400,000 -18.40%
Ventura 890 771 -13.4% $572,000 $445,000 -22.20%
SoCal 19,269 15,615 -19.0% $505,000 $385,000 -23.80%