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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Archie Meeties who wrote (125642)	5/28/2008 12:42:39 AM
From: Jim McMannis	Respond to of 306849

Over Year, SD Prices Down 20.5 Percent voiceofsandiego.org San Diego County home prices dropped 20.5 percent year-over-year and 25.4 percent from the November 2005 peak, according to the Standard & Poor's/Case-Shiller March 2008 home price index released this morning. The index showed the largest and most rapid declines in homes priced less than $392,045. But prices continued a significant downward trend in the highest tier -- those homes selling for more than $588,222. Here's the tier breakdown: Lowest tier (Homes priced lower than $392,045): Prices fell 28.9 percent year-over-year and 33.9 percent from this tier's peak in June 2006. Middle tier (Homes priced between $392,045 and $588,222): Prices fell 21.5 percent compared to March 2007 and 27.8 percent from this tier's peak in November 2005. Highest tier (Over $588,222): Prices fell 13.3 percent year-over-year and 18 percent from this tier's peak in June 2006. The index measures price changes on the same houses over the years. It doesn't track condos or new homes. San Diego's price declines contributed to a record plunge for the national index. From the Standard & Poor's press release: