Sales by Zip

Here are the latest sales numbers by Zip Code from Data Quick. I have stripped out the desert areas and other outlying areas leaving only the main population centers. As you can see the year to year decline is averaging just over $30% with many of the areas well over 40% and a few are even over 50%. Since the median prices were still going up until late summer last year I expect the year over year declines to also continue going up. I think by winter this year there will be a lot more 50% off zip codes than there are now.

DataQuick also had this to say about March sales in California.

A total of 24,565 new and resale houses and condos were sold statewide last month. That makes it the slowest March in DataQuick's records, which go back to 1988. Sales were up 19.8 percent from 20,513 in February and down 38.3 percent from 39,811 for March last year. (march sales usually rise 40% from Feb sales)

Of the homes sold in March, 38.4 percent were foreclosure resales.

The median price paid for a home last month was $358,000, down 4.0 percent from $373,000 for the month before, and down 26.0 percent from $484,000 for March a year ago when the median peaked.

RIVERSIDE CO		SFR	Price	% chg	$ S/F
County		1,748	$290	-30.10%	$143
Banning	92220	25	$205	-26.10%	$146
Beaumont	92223	37	$246	-27.60%	$126
Canyon Lake	92587	15	$275	-53.20%	$142
Corona	92879	25	$315	-36.10%	$202
Corona	92880	70	$393	-30.30%	$143
Corona	92881	29	$407	-22.80%	$171
Corona	92882	36	$400	-27.10%	$184
Corona	92883	45	$350	-26.70%	$169
Hemet	92543	11	$135	-48.90%	$123
Hemet	92544	31	$200	-32.90%	$116
Hemet	92545	46	$225	-28.30%	$109
Idyllwild	92549	11	$264	-23.60%	$295
Lake Elsinore	92530	33	$249	-31.00%	$137
Lake Elsinore	92532	29	$325	-31.40%	$108
Menifee	92584	52	$260	-30.10%	$127
Mira Loma	91752	18	$405	-22.10%	$140
Moreno Valley	92551	22	$225	-35.50%	$127
Moreno Valley	92553	47	$180	-49.30%	$133
Moreno Valley	92555	41	$285	-37.40%	$111
Moreno Valley	92557	37	$240	-36.80%	$135
Murrieta	92562	71	$336	-31.60%	$126
Murrieta	92563	76	$310	-31.10%	$119
Norco	92860	13	$540	-12.20%	$197
Perris	92570	17	$239	-39.70%	$114
Perris	92571	50	$212	-41.00%	$108
Riverside	92501	9	$246	-48.00%	$166
Riverside	92503	42	$265	-36.90%	$176
Riverside	92504	31	$259	-27.80%	$169
Riverside	92505	19	$330	-19.50%	$167
Riverside	92506	27	$225	-50.80%	$185
Riverside	92507	19	$284	-25.90%	$179
Riverside	92508	29	$362	-22.10%	$152
Riverside	92509	31	$284	-34.50%	$182
San Jacinto	92582	12	$235	-40.10%	$93
San Jacinto	92583	31	$195	-35.50%	$107
Temecula	92591	31	$315	-39.10%	$149
Temecula	92592	83	$361	-22.70%	$143
Wildomar	92595	21	$305	-26.10%	$125
Winchester	92596	27	$290	-35.60%	$122
SAN BERDU
Apple Valley	92307	34	$208	-34.80%	$123
Apple Valley	92308	28	$225	-19.60%	$115
Bloomington	92316	9	$250	-36.30%	$201
Chino	91710	29	$390	-21.70%	$218
Chino Hills	91709	36	$515	-14.30%	$248
Colton	92324	23	$250	-33.10%	$181
Fontana	92335	20	$261	-33.90%	$203
Fontana	92336	66	$340	-27.90%	$170
Fontana	92337	23	$282	-31.40%	$159
Forest Falls	92339	2	$194	-22.50%	$202
Grand Terrace	92313	5	$280	-20.50%	$149
Hesperia	92344	30	$238	-38.00%	$97
Hesperia	92345	56	$184	-39.20%	$114
Highlands	92346	30	$290	-28.10%	$163
Loma Linda	92354	6	$306	-31.90%	$222
Montclair	91763	11	$297	-28.90%	$177
Ontario	91761	11	$306	-32.70%	$193
Ontario	91762	8	$263	-32.70%	$176
Ontario	91764	15	$258	-35.00%	$231
Rancho Cucamonga	91701	16	$426	-9.90%	$216
Rancho Cucamonga	91730	26	$353	-25.90%	$226
Rancho Cucamonga	91737	15	$547	-19.30%	$202
Rancho Cucamonga	91739	32	$483	-25.80%	$187
Redlands	92373	14	$385	-18.90%	$207
Redlands	92374	24	$310	-18.40%	$184
Rialto	92376	38	$210	-41.70%	$156
Rialto	92377	14	$285	-30.50%	$143
San Bernardino	92404	32	$194	-38.10%	$161
San Bernardino	92405	16	$195	-37.30%	$170
San Bernardino	92407	28	$209	-39.00%	$151
San Bernardino	92408	2	$213	-42.50%	$148
San Bernardino	92410	12	$147	-47.20%	$144
San Bernardino	92411	10	$160	-42.90%	$176
Upland	91784	13	$527	-21.90%	$230
Upland	91786	13	$388	-18.40%	$247
Victorville	92392	56	$207	-35.20%	$100
Victorville	92394	19	$194	-32.10%	$95
Victorville	92395	24	$192	-29.50%	$111
Wrightwood	92397	4	$318	6.50%	$289
Yucaipa	92399	34	$280	-20.10%	$183

There was some bad news in the LA Times about employment in the IE. I did not think the employment numbers were this high in the IE but it’s looking rather bleak.

SACRAMENTO -- California's unemployment rate hit 6.2% in March, the highest level in almost four years, spurred by a continuing downturn in construction and financial activities.

Unemployment is up 1.2 percentage points from a year earlier, with 229,000 more Californians looking for work than in March 2007.

Since then, the job outlook has darkened as a largely housing-related slowdown has cut into the net worth of consumers, forcing them to cut back spending, economists said.

Tightfisted consumers have made life difficult for John Rodriguez. Two months ago, he lost his job at a furniture warehouse store that closed because of a lack of customers.

The rise in unemployment affected all of Southern California, with the worst effects in the Inland Empire. The rate in the Riverside-San Bernardino-Ontario area rose to 7.1%.