Karried
05-22-2009, 04:04 PM
Housing Downturn Update: We May Have Reached Bottom, But Not Everywhere | Newgeography.com (http://www.newgeography.com/content/00810-housing-downturn-update-we-may-have-reached-bottom-but-not-everywhere?ref=patrick.net)
Median House Price Loss: Metropolitan Areas Over 1,000,000 Population
RankMetropolitan Area
Median House Price % Loss from 2000-2008 Peak
Median House Price Loss from 2000-2008 Peak
1 Riverside-San Bernardino, CA-57.7%$235,600 2 Sacramento, CA-56.5%$219,600 3 San Francisco, CA-52.5%$444,800 4 Phoenix, AZ-51.9%$139,200 5 Cleveland, OH-51.5%$74,300 6 Las Vegas, NV-51.3%$163,800 7 Los Angeles, CA-48.8%$289,400 8 San Jose, CA-48.0%$415,000 9 San Diego, CA-47.5%$291,900 10 Miami-West Palm Beach, FL-47.3%$185,200 11 Orlando, FL-43.1%$117,200 12 Tampa-St. Petersburg, FL-42.2%$98,800 13 Washington, DC-VA-MD-WV-37.3%$165,900 14 St. Louis, MO-IL-35.8%$56,300 15 Chicago, IL-35.2%$100,900 16 Atlanta, GA-34.4%$60,600 17 Memphis, TN-MS-AR-34.0%$49,400 18 Providence, RI-MA-33.6%$102,600 19 Boston, MA-NH-32.5%$140,200 20 Cincinnati, OH-KY-IN-28.6%$42,600 21 Richmond, VA-27.9%$66,800 22 Indianapolis, IN-26.6%$34,300 23 Minneapolis-St. Paul, MN-WI-25.9%$60,800 24 Columbus, OH-24.5%$38,400 25 Denver, CO-24.1%$61,200 26 Birmingham, AL-23.2%$39,300 27 Jacksonville, FL-22.4%$44,600 28 Charlotte, NC-SC-22.1%$48,700 29 New York, NY-NJ-PA-21.9%$104,700 30 Virginia Beach-Norfolk, VA-21.2%$54,000 31 Kansas City, MO-KS-20.4%$32,400 32 Seattle, WA-20.1%$79,500 33 Pittsburgh, PA-19.0%$24,300 34 Hartford, CT-17.7%$47,800 35 Portland, OR-WA-17.0%$51,100 36 Baltimore, MD-16.3%$47,900 37 New Orleans, LA-15.6%$27,800 38 Philadelphia, PA-NJ-DE-MD-15.2%$37,000 39 Louisville, KY-IN-15.1%$21,500 40 Rochester, NY-14.5%$18,000 41 Houston, TX-13.6%$21,800 42 Dallas-Fort Worth, TX-13.5%$21,100 43 Buffalo, NY-13.1% $15,000 44 Milwaukee, WI-12.1% $27,800 45 Salt Lake City, UT-6.7% $16,500 46 San Antonio, TX-6.2% $9,800 47 Austin, TX-6.1% $11,900 48 Raleigh, NC-5.3% $12,600
#49 Oklahoma City, OK-3.3%$4,500
This is really ironic. I moved to OK in 2002 from the San Francisco Bay Area.. right after I moved, I watched in shock as the house I just sold kept going up, up and up in value... and the house I just bought here in Edmond remained pretty stable.. very slow yet steady growth and nothing like the huge rise in CA values.
All of our friends kept saying , 'wow, our houses have appreciated so much! .. are you sorry you moved? And at the time, yeah, I was really sad to think I had picked the wrong time to move.
Long story short, as indicated in the charts, what goes up must come down..... the house I sold in 2002 is now below what I sold it for... and somone bought it a few years ago for about 200K more than what it is worth now...(damn, I just wish I would have sold it at that time...lol). Hard to time the market!
Median House Price Loss: Metropolitan Areas Over 1,000,000 Population
RankMetropolitan Area
Median House Price % Loss from 2000-2008 Peak
Median House Price Loss from 2000-2008 Peak
1 Riverside-San Bernardino, CA-57.7%$235,600 2 Sacramento, CA-56.5%$219,600 3 San Francisco, CA-52.5%$444,800 4 Phoenix, AZ-51.9%$139,200 5 Cleveland, OH-51.5%$74,300 6 Las Vegas, NV-51.3%$163,800 7 Los Angeles, CA-48.8%$289,400 8 San Jose, CA-48.0%$415,000 9 San Diego, CA-47.5%$291,900 10 Miami-West Palm Beach, FL-47.3%$185,200 11 Orlando, FL-43.1%$117,200 12 Tampa-St. Petersburg, FL-42.2%$98,800 13 Washington, DC-VA-MD-WV-37.3%$165,900 14 St. Louis, MO-IL-35.8%$56,300 15 Chicago, IL-35.2%$100,900 16 Atlanta, GA-34.4%$60,600 17 Memphis, TN-MS-AR-34.0%$49,400 18 Providence, RI-MA-33.6%$102,600 19 Boston, MA-NH-32.5%$140,200 20 Cincinnati, OH-KY-IN-28.6%$42,600 21 Richmond, VA-27.9%$66,800 22 Indianapolis, IN-26.6%$34,300 23 Minneapolis-St. Paul, MN-WI-25.9%$60,800 24 Columbus, OH-24.5%$38,400 25 Denver, CO-24.1%$61,200 26 Birmingham, AL-23.2%$39,300 27 Jacksonville, FL-22.4%$44,600 28 Charlotte, NC-SC-22.1%$48,700 29 New York, NY-NJ-PA-21.9%$104,700 30 Virginia Beach-Norfolk, VA-21.2%$54,000 31 Kansas City, MO-KS-20.4%$32,400 32 Seattle, WA-20.1%$79,500 33 Pittsburgh, PA-19.0%$24,300 34 Hartford, CT-17.7%$47,800 35 Portland, OR-WA-17.0%$51,100 36 Baltimore, MD-16.3%$47,900 37 New Orleans, LA-15.6%$27,800 38 Philadelphia, PA-NJ-DE-MD-15.2%$37,000 39 Louisville, KY-IN-15.1%$21,500 40 Rochester, NY-14.5%$18,000 41 Houston, TX-13.6%$21,800 42 Dallas-Fort Worth, TX-13.5%$21,100 43 Buffalo, NY-13.1% $15,000 44 Milwaukee, WI-12.1% $27,800 45 Salt Lake City, UT-6.7% $16,500 46 San Antonio, TX-6.2% $9,800 47 Austin, TX-6.1% $11,900 48 Raleigh, NC-5.3% $12,600
#49 Oklahoma City, OK-3.3%$4,500
This is really ironic. I moved to OK in 2002 from the San Francisco Bay Area.. right after I moved, I watched in shock as the house I just sold kept going up, up and up in value... and the house I just bought here in Edmond remained pretty stable.. very slow yet steady growth and nothing like the huge rise in CA values.
All of our friends kept saying , 'wow, our houses have appreciated so much! .. are you sorry you moved? And at the time, yeah, I was really sad to think I had picked the wrong time to move.
Long story short, as indicated in the charts, what goes up must come down..... the house I sold in 2002 is now below what I sold it for... and somone bought it a few years ago for about 200K more than what it is worth now...(damn, I just wish I would have sold it at that time...lol). Hard to time the market!