View Full Version : We're #49 Housing Value Loss



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!

gmwise
05-24-2009, 11:52 PM
I lived in San Diego, and we had a fourplex we sold.
Now its less then the land was worth before we built it.

possumfritter
06-09-2009, 03:40 PM
gmwise...where in SD? I lived in Tierasantta right before I joined the AF.

And karried...as the native of SF that I am..ya gotta be missing SF? Fisherman's Wharf? Real Sourdough Bread? The Irish Pubs? And all those to die for Italian Restaurants? Not to mention just the people watching down at Pier 39 or Golden Gate. And of course the Chinese Restaurants!!!!

Karried
06-09-2009, 06:32 PM
oh possumfritter, you have no idea. I can't hear a Journey song without bursting into tears.

But, I lived south of SF .. San Jose and even further south of SJ for the last 15 years before moving to OK.

But, that didn't stop me from hitting the coasts as much as I could.

ugh.. can't even think about it some days.. it makes me too homesick and sad.

PennyQuilts
06-09-2009, 07:29 PM
I feel for you on the homesickness. It is a bit like grief mixed with hope that someday, you'll feel like you are home, again.

Jesseda
06-15-2009, 11:49 AM
hey karried i lived in newark, miss the area, but not the traffic, i like sd better my sister lives in allied gardens and i love it out there