SD Home Prices Down 30% in Last Year, but That's Better than Bay Area, LA, Other Markets Did
San Diego home prices dropped 30% in the last year, according to data from the Center for American Progress. The county was 16th on the plunge list, but some major Western markets did worse: San Francisco, 4th worst, -43%; Silicon Valley (San Jose-Santa Clara), 5th, -42%; Phoenix, 6th, -42%; Riverside, 8th, -40%; Las Vegas, 9th, -37%; Sacramento, 10th, -35%; and L.A., 11th, -34%. The metro areas with the biggest plunges were Cape Coral-Ft. Myers, Fla., 1st, -59%; Saginaw, Michigan, 2nd, -54%, and Akron, Ohio, 3rd, -48%.So ya wanna buy a cheap house? The median price in Saginaw is $30,300 and in Akron $50,100. The median in SD County is $323,200. In Silicon Valley the median is $450,000. According to Case-Shiller data, SD prices have come down more than 40 percent since peaking in late 2005.
More like this:
- House poor, data rich — April 16, 2015
- SD housing outperforms most metro areas in third quarter — Oct. 23, 2012
- Median SD Home Values Fourth Highest — Jan. 10, 2012
- SD Traffic Congestion Down 46.9% Last Year, Second Biggest U.S. Drop — Feb. 26, 2009
- County Home Prices Continue to Decline Among Steepest in the Nation — Nov. 25, 2008