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The eppraisal index for Los Angeles, California, which tracks the median sale price of homes in the area, states that the median sales price for single family residences in June 2008 has decreased by 1% to $430,000 from May 2008.

Los Angeles, CA
Los Angeles (IPA: /l`E^sAÝndE'TlTs/) is the largest city in the state of California and the second largest in the United States.[1] Often abbreviated as L.A. it is rated an alpha world city having an estimated population of 3.8Aÿmillion[2] and spanning over 469.1Aÿsquare miles (1 215.0AÿkmAý) in Southern California. Additionally the Los Angeles metropolitan area is home to nearly 12.9 million[3] people who hail from all over the globe and speak 224 different languages. Los Angeles is the seat... Continue reading on Wikipedia...

In a year-over-year comparison of median sales price fluctuations of single-family homes, the Los Angeles-Long Beach-Glendale, CA metro area ranks 8 out of 28 metro areas in California based on decrease of 4.4 % in home values. When compared at a national level, the Los Angeles-Long Beach-Glendale, CA metro area ranks 164 out of 195. See National Rankings

The index trending graph reveals the change in the median sales price during the past 12 months for Los Angeles, California. This graph shows that in the past 12 months, the median sales price of homes has decreased overall by $155,000.

The sales price graph displays how real estate sales prices are distributed in Los Angeles, California. For example, the highest percentage of homes sold in June 2008 sold for above $860,000 , 24% of all sales. If you are looking to purchase a house in a specific price range, this graph can help you determine what percentage of homes in Los Angeles, California may fall within this range. It can also be useful if you are a seller and are trying to figure out what price range most homes are sold for. It can give an indication if the market is receptive to purchases in the range your home value falls in.

This site uses data obtained from numerous public sources. Some areas of the country provide us with different levels of information. It is presented on an 'as is, as available' basis. This site makes no warranties, expressed or implied without limitation, to the information provided, nor is responsible for any errors or omissions. This valuation is NOT an appraisal. User acknowledges that this product is a technology report, a product of an automated valuation technology analysis. This information is compiled from public documents and is not guaranteed. No human interaction or inspection goes into the final results and analysis.