New Numbers out today from S&P – these are the numbers for price changes in August. Twas a bad month for SoCal. San Diego was down 1.28% and LA was down 1.06% for the month. YOY, San Diego is down 8.32%, while LA is down 5.75%. I am sure Rich will be posting a more authoritative post at some point, but I believe that these August numbers still don’t reflect most of the summer credit crunch, which should be reflected more in the September data.
Just for reference, the typical August Case-Shiller price change from 1986-2006 was +.71% for SD and +.86% for LA. Using the Case-Shiller data, August is the fifth strongest month for San Diego. So, this really puts the -1.28% change for SD in an even worse light.
