Southern California Home Prices Drop 5.2% on Foreclosure Sales
The median paid for houses and condominiums was $280,000 in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties, down from $295,500 in September 2010
33% Foreclosures o f all home sales
Almost one in three transactions involved a foreclosure, while one in five was a short sale, where the contract price is less than the amount owed.