This took me 5 minutes to find. Model match sales on the same street
2007 – $575K
2009 – $440K
That almost a 25% haircut and I probably didn’t find homes that sold at the absolute top and absolute bottom so the max drop 2007-2009 probably approached 30% in that neighborhood.
[quote=sdrealtor]
Im not saying prices didnt go down, we all know they did. But the stats are heavily skewed by a changing mix that make it look far more sever than what actually happened on the streets.[/quote]
Home prices did drop drastically from 2007 to 2009 no matter how realtors want to spin it! I know talking about that will lose realtors a few home sales right now since prices are again at a peak, but San Diego has seen some drastic home value declines in the not-too-distant past. And prices will drop again! It may be in 3 years, 5 years, 10 years or more, but prices will certainly drop again at some point. A 30-40% drop is probably a once-in-a-lifetime event, but there will be other significant drops.
And the op on this thread was just dead wrong. Dead wrong.
[img_assist|nid=27518|title=Model Match 2007-2009 Price Decline|desc=|link=node|align=left|width=466|height=260]
