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The median price for all So. Cal homes combined last month was $250,000- This is down 10.1% from $278,000 in December- and down a whopping 39.8% from January 2008 when the median price was $415,000. All total Southern California is down 50.5% from it's peak of $505,000. (DataQuick)
As you can see we are nearing a realistic price range ...