Tuesday, January 25, 2011

Portland Home Values: Case-Shiller November Numbers

Portland hits a new low. And I am now ready to declare my relative optimism (that home values would end the year not much worse then when they started) too optimistic. Portland homes lost, on average, 7% of their value from November of 2009 to November of 2010. And since near in neighborhoods like mine have not done quite so badly, the suburban areas must be especially bad.

Anyway, here are the numbers as compiled by the Wall Street Journal:


Home Prices, by Metro Area


Metro Area   November 2010   Change from October   Year-over-year change  ↓
Atlanta100.67-2.5%-7.9%
Chicago119.57-2.2%-7.6%
Detroit67.26-2.7%-7.1%
Portland139.92-1.6%-7.0%
Phoenix104.85-1.1%-6.4%
Seattle141.57-1.1%-4.7%
Cleveland100.12-2.0%-4.4%
Minneapolis118.8-2.1%-4.4%
Charlotte113.61-0.4%-4.3%
Dallas114.88-1.1%-4.2%
Tampa134.05-0.8%-4.0%
Las Vegas100.59-0.4%-3.5%
Miami143.81-0.2%-3.5%
Denver125.02-1.2%-2.5%
New York169.75-1.0%-1.7%
Boston152.76-1.0%-0.8%
San Francisco137.23-1.2%0.4%
Los Angeles173.28-0.4%2.1%
San Diego160.080.1%2.6%
Washington185.42-0.1%3.5%
Source: Standard & Poor’s and FiservData

1 comment:

Ben Price said...

The slide will continue for at least another year.