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Prices of San Diego existing family homes plummeted 20.5 in March from a year ago, according the Case-Shiller index, published by Standard & Poor's. San Diego prices are down 25.9 percent from the peak in November of 2005. Over the last year, San Diego is fifth worst among the 20 cities whose prices are measured. Las Vegas was the worst with a decline of 25.9 percent; Miami was down 24.6; Phoenix down 23.0 and Los Angeles down 21.7. Of the 20 major cities, prices in 19 declined. The decline for all 20 markets was 14.4 percent, and 14.1 percent for the first quarter. By contrast, the biggest one-year decline in the 1990-1991 housing recession was 2.8 percent.
Prices of San Diego existing family homes plummeted 20.5 in March from a year ago, according the Case-Shiller index, published by Standard & Poor's. San Diego prices are down 25.9 percent from the peak in November of 2005. Over the last year, San Diego is fifth worst among the 20 cities whose prices are measured. Las Vegas was the worst with a decline of 25.9 percent; Miami was down 24.6; Phoenix down 23.0 and Los Angeles down 21.7. Of the 20 major cities, prices in 19 declined. The decline for all 20 markets was 14.4 percent, and 14.1 percent for the first quarter. By contrast, the biggest one-year decline in the 1990-1991 housing recession was 2.8 percent.