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Copyright © 2011 by the first tuesday Journal Online - firsttuesdayjournal.com;
P.O. Box 20069, Riverside, CA 92516

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California tiered home pricing

By • Jan 31st, 2012 • Category: Charts

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Housing prices in November 2011 remained level or dropped by 1-2 index points in all three home-pricing tiers in California’s three largest cities, according to the Case-Shiller price indexes (shown below). Pricing for high-tier homes has remained mostly flat and weak throughout 2010 and 2011, after a brief “dead cat bounce” rise in mid-2009. Average pricing for mid- and low-tier homes has dropped consistently since mid-2010. Pricing was at its lowest in early-2009, but it remains low now, and  shows none of the dramatic sustained falls of 2007-2008 or the rises of the early 2000s.  The trend for the future will be more of the same: a bumpy plateau in prices that will last well into 2016.

Charts are updated monthly. There is a two-month lag in reported data.

Chart last updated 1/31/12

Chart last updated 1/31/12

November 2011 October 2011 November 2010
Low Tier
155
154
163
Mid Tier
151
154
160
High Tier
151
152
158

Chart last updated 1/31/12

Chart last updated 1/31/12

November 2011 October 2011 November 2010
Low Tier
159 159 168
Mid Tier
167 167 177
High Tier
165 167 174

Chart last updated 1/31/12

Chart last updated 1/31/12

November 2011 October 2011 November 2010
Low Tier
109 109 118
Mid Tier
129 131 141
High Tier
142 143 145

Chart last updated 1/31/12

Chart last updated 1/31/12

November 2011 October 2011 November 2010
Low Tier
141 141 150
Mid Tier
149 151 159
High Tier
153 154 159

The above charts track sales price fluctuations of single family residence (SFR) resales in California’s three largest cities. Each city’s sales prices are organized by price tier, giving a clearer picture of how price movement in each tier of the market has developed over time.

To understand the “big picture” of the disparity between low-, middle-, and high-tier sales fluctuations, look to the Standard & Poor’s/Case-Shiller home price index as the authority. The index is an invaluable source of information and price comparisons for California’s three major cities and the state as a whole.

The above charts track changes in specific tiers by property values on a sale, thus displaying how different ranges of house prices in the market perform in comparison to one another. [For a different measure of the housing market’s health, the number of homes sold, see the first tuesday Market Chart, Home sales volume and price peaks.]

Read More first tuesday Analysis
last updated August 2011

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California tiered home pricing, 1.0 out of 5 based on 1 rating There are currently no comments highlighted. - ft

Copyright © 2011 by the first tuesday Journal Online - firsttuesdayjournal.com;
P.O. Box 20069, Riverside, CA 92516

Readers are encouraged to reproduce and/or distribute this article.

Copyright © 2011 by first tuesday Realty Publications, Inc. Readers are encouraged to reprint or distribute this information with credit given to the first tuesday Journal Online — P.O. Box 20069, Riverside, CA 92516.

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is a licensed real estate agent and handles first tuesday's Market Charts.
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2 Responses »

  1. I’d love to see these adjusted for inflation. Then the prices today would likely be somewhere below the 1990 peak.

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  2. these are adjusted for inflation, unless you think the inflation rate was 0% from 1989 to 1999.

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