Tag Archives: condo prices

Only New York condo prices did not weaken as the third quarter ended

September 2011 data for the S&P/Case-Shiller Home Price Indices were released on Tuesday November 29th and we saw declines in condo prices in four of the metro areas – Boston, Chicago, Los Angeles and San Francisco. The Boston index reported the largest decline in September versus August, down 1.4%; but, San Francisco was not far […]

California condo markets weaken further in August 2011

August 2011 data for the S&P/Case-Shiller Home Price Indices were released on Tuesday October 25th and we saw further weakening in condo prices in the California metro areas. The LA index reported a decline of 0.7% in condo prices in August versus July, and the San Francisco index fell by 0.2%. The Boston index fell […]

California condo markets see prices falling

With the September 27th release of July 2011 data for the S&P/Case-Shiller Home Price Indices we saw further weakening in condo prices in the California metro areas. The LA index reported no change in condo prices in July versus June, and the San Francisco index fell by 1.1%. As previously noted, this is occurring during […]

Weakening condo prices in California

With the August 30th release of June 2011 data for the S&P/Case-Shiller Home Price Indices we saw declines in condo prices in the Los Angeles and San Francisco areas. The LA index reported an average condo price decline of 0.5% in June versus May and the San Francisco index fell by 0.8%. This is occurring […]

Seasonal weakness seen in some condo markets in May

Since we are in a seasonally strong period for home prices, it was a bit of a surprise to see condo prices fall in three of the five condo markets we cover with the S&P/Case-Shiller Condo Prices Indices. Data through May 2011 showed declines in condo prices in Los Angeles (-0.1%), New York (-0.8%) and […]

Like single-family home prices, condos saw an April seasonal boost

Data through April 2011 showed increases in condo prices in most of the markets covered by the S&P/Case-Shiller Condo Price indices. Four of the five condo markets were up in April over March – all four by more than 1.5%.  Los Angeles, however, recorded a new cycle low with the release of April 2011 data […]

What Next: S&P/Case-Shiller Indices Next Tuesday

Last month’s report, for March 2011, confirmed that housing prices are headed down and that some cities have broken below the lows set in 2009.  As we approach the report for April due out on Tuesday June 28th at 9 AM, here’s a look at some recent data and comments which might give a hint […]

Condo markets largely mimicking home prices

Three of the five condo markets followed by the S&P/Case-Shiller home prices indices recorded new cycle lows with the release of March 2011 data.  Boston, Chicago and Los Angeles fell to new lows, with the markets now down 18.1%, 36.3% and 38.5% versus their respective peaks. Chicago has been the hardest hit in recent months.  […]

Chicago’s condo market is the weakest among five major MSAs

With the April 28th release of February 2011 data for the S&P/Case-Shiller Home Price Indices, we saw a significant fall in condo prices in the Chicago area.  The index reported an average condo price decline of 3.1% in February versus January.  The data look worse if you view the market over the prior six months […]

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