San Diego Housing Market News and Analysis
Case shiller on zip code basis
User Forum Topic
Submitted by Eugene on December 25, 2007 - 2:46pm
Yesterday I was bored enough to download home resale data from http://users.ixpres.com/~gtriphan/ and try to run Case-Shiller algorithm on it.
Here's what I get for October
San Diego average: 17% off the peak
North coast (west of 5 and north of 8): 8% off the peak
Northeast SD (RB, RP, Poway, Scripps Ranch): 13% off the peak
Clairemont, Linda Vista, Serra Mesa : 17% off the peak
Southeast (Lemon Grove, Eastlake, Otay Ranch): 23% off the peak
Unless the decline stops or slows down, harder-hit areas will be down to 2002 prices before the end of 2008.
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