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I’m sure Rich will do his usual analysis, but here are some quick nunmbers.
The media is still hoping for a quick turn around as evidenced by boasting of the rise in April new home sales despite another drop in prices.
San Diego -2.6% drop from Feb-Mar -20.5% drop from a year ago -6% drop in the 1st quarter -25.9% since peak
LA -3.6% drop from Feb-Mar -21.72% drop from a year ago -8% drop in the 1st quarter -24.4% since peak
SF -3.5% drop from Feb-Mar -20.23% drop from a year ago -11% drop in the 1st quarter -22.89% since peak
Composite 20 -2.1% drop from Feb-Mar -14.35% drop from a year ago -7% drop in the 1st quarter -16.6% since peak
Here’s the tiered info.
LA Low Month -6.67% Year -30.02% Peak -30.8%
Mid Month -3.43% Year -24.25% Peak -26.7%
High Month -2.32% Year -15.43% Peak -18.5%
SD Mid Month -3.38% Year -28.86% Peak -33.2%
Med Month -2.27% Year -21.47% Peak -27.7%
High Month 1.22% Year 13.31% Peak 17.9%
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