Press Releases

Los Angeles Area Home Appreciation Remained Flat in Third Quarter, Says Zillow.com™ Home Values Report

While quarter-over-quarter appreciation shows little activity, year-over-year appreciation outpaces national rates

Nov 7, 2006

Los Angeles – November 8, 2006—During the third quarter of 2006, home values in the Los Angeles metropolitan area (Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties) remained flat relative to the second quarter, according to Zillow.com. On a year-over-year basis, the area’s Zindex™ home value indicator appreciated by 7.3 percent to $555,391, compared to a national appreciation rate of five percent. The Zindex is Zillow’s measure of the median value of all homes in the area (not just those that sold). On a county-by-county basis, San Bernardino County experienced the most appreciation in the metropolitan region, with 11.7 percent year-over-year Zindex growth. Slowest appreciation was in Ventura County, with 4.8 percent appreciation year-over-year. Los Angeles, Riverside and Orange Counties all showed Q3 year-over-year appreciation rates higher than the national rate of 5 percent. “The 7.3 percent Zindex change in the third quarter for the Los Angeles metro area was a marked slowdown from the 13.6 percent in the second quarter. Moreover, the Zindex was basically unmoved on a sequential quarterly basis, showing LA price appreciation basically flat,


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