Home prices around the U.S. appreciated enormously in the first seven years of the decade, but declines over the last two years now dominate the headlines. But which markets showed the biggest early gains and largest recent dip? According to analysis by Nielsen Claritas of 254 counties with populations of a 250K or more found that counties in California and Florida dominated both categories.
Top 10 Counties with the Highest Percentage Decrease in Median Home Value from 2007-09
|Rank||County||% Change from 2000-07||%Change 2007-09|
|1||Merced Cty, CA||192.0%||-37.6%|
|2||San Joaquin Cty, CA||185.9%||-36.1%|
|3||Stanislaus Cty, CA||189.4%||-32.6%|
|4||San Bernardino Cty, CA||210.0%||-31.1%|
|5||Riverside Cty, CA||201.0%||-30.4%|
|6||Sacramento Cty, CA||162.6%||-29.8%|
|7||Monterey Cty, CA||158.5%||-29.0%|
|8||Lee Cty, FL||149.3%||-28.4%|
|9||Solano Cty, CA||174.1%||-28.0%|
|10||Placer Cty, CA||131.7%||-26.9%|
|Source: Nielsen Claritas, 2009|
Of the next ten counties, all were located in California or California, except for Pinal County, Arizona and Clark County, Nevada.
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