Los Angeles area Home Prices Stable

According to an article based on the Case Shiller index for May 2012, the property values in Los Angeles are slightly higher as of April.  The index shows that prices have adjusted to their 2003 levels and appear to be trending higher.

Case Shilling May 2012 Los Angeles

Case Shilling Index for Los Angeles, May 2012
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As you can see from the chart, the so-called “bubble” has adjusted in the Los Angeles market and has been steady over the past several years.

After several months of slightly declining values, preceded by rising prices, the prices show a modest gain.

Case Shilling for Los Angeles, San Diego and San Francisco

Case Shilling for Los Angeles, San Diego and San Francisco
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Other nearby cities also shown.  San Diego and San Francisco are showing the same trends of stabilizing prices.

In another article (click on the link  to read the entire article)  the study shows that nine cities faced a decline while the rest of the 20 cities studied increased.

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