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San Diego existing single family home prices in June dropped 24.2 percent from a year earlier, according to the Standard & Poor's/Case-Shiller Home Price Indices, revealed this morning (Aug. 26). San Diego was 5th worst among the 20 largest metro areas in yearly decline. The worst was Las Vegas with a 28.6 percent drop, followed by Miami (minus 28.3%), Phoenix (-27.9%), Los Angeles (-25.3%) and San Diego. Overall, the composite of the 20 largest cities was down 15.9 percent for the 12 months. Prices in none of the 20 metro areas were up. San Diego prices peaked in November of 2005. The index is now down 29.94 percent from that peak or, rounded off, 30 percent.
San Diego existing single family home prices in June dropped 24.2 percent from a year earlier, according to the Standard & Poor's/Case-Shiller Home Price Indices, revealed this morning (Aug. 26). San Diego was 5th worst among the 20 largest metro areas in yearly decline. The worst was Las Vegas with a 28.6 percent drop, followed by Miami (minus 28.3%), Phoenix (-27.9%), Los Angeles (-25.3%) and San Diego. Overall, the composite of the 20 largest cities was down 15.9 percent for the 12 months. Prices in none of the 20 metro areas were up. San Diego prices peaked in November of 2005. The index is now down 29.94 percent from that peak or, rounded off, 30 percent.