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Local Home Prices Dropping at Slower Rate

San Diego County home values declined 0.1% between March and April, compared with a 1.5% decline between February and March. For the last year, San Diego home values are down 20%, according to the Standard & Poor's/Case-Shiller home indexes, released this morning (June 30). Seven cities experienced a year-on-year decline larger than San Diego's 20. That's more than it has been in some time. Yearly prices plunged 35.3% in Phoenix, 32.2% in Las Vegas, and 28% in San Francisco. All told, the 20-city composite, which includes San Diego, dropped 18.1% over the last year, compared with a 18.7% yearly decline for March. S&P economist David M. Blitzer says the pace of decline in residential real estate slowed in April, but he cautioned. "we are entering the seasonally strong period in the housing market, so it will take some time to determine if a recovery is really here."

San Diego home values are now down 42.3% from their all-time high in November of 2005.

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San Diego County home values declined 0.1% between March and April, compared with a 1.5% decline between February and March. For the last year, San Diego home values are down 20%, according to the Standard & Poor's/Case-Shiller home indexes, released this morning (June 30). Seven cities experienced a year-on-year decline larger than San Diego's 20. That's more than it has been in some time. Yearly prices plunged 35.3% in Phoenix, 32.2% in Las Vegas, and 28% in San Francisco. All told, the 20-city composite, which includes San Diego, dropped 18.1% over the last year, compared with a 18.7% yearly decline for March. S&P economist David M. Blitzer says the pace of decline in residential real estate slowed in April, but he cautioned. "we are entering the seasonally strong period in the housing market, so it will take some time to determine if a recovery is really here."

San Diego home values are now down 42.3% from their all-time high in November of 2005.

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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