40% year-over-year price declines in some L.A. ZIPs

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Bookmark this link: It lets you look up median sales prices and year-over-year percentage change by ZIP Code in Southern California.

I ran some numbers on ZIP Codes with the biggest year-over-year declines in median price paid. Here’s a partial list of the 40%-and-more club:

ZIP Code Location May ’07 May ’08 % change
90059 Los Angeles $410,000 $197,500 -51.8%
90002 Los Angeles $400,363 $207,500 -48.2%
93550 Palmdale $315,000 $170,000 -46.0%
90222 Compton $360,000 $200,000 -44.4%
90534 Lancaster $275,000 $154,750 -43.7%
90041 Los Angeles $670,000 $377,000 -43.7%
91040 Sunland $680,000 $386,000 -43.2%
91042 Tujunga $619,000 $355,000 -42.6%

Source: DataQuick Information Systems

Caveat: A lack of market activity, or a change in the composition of homes sold, in a single month sometimes leads to wide fluctuations in median sales prices.

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