10 Markets with Highest Drop in Home Values

 

California dominates the list of metro areas with the largest percentage of decline in home values since 2006 (6 of the 10 metro areas which lost substantial home values were in the sunny State of California).  Florida metro area’s encompassed 2  cities on the list and the remaining are located in Arizona and Nevada.  The Boise-Nampa Metro area is fortunately not “on the list”.

The declines in estimated values varied from 67% to 55% while the estimated value decline ranges from $383,000-$125,000.

1)  Merced, CA

Value Difference (percentage):  -67%, Value Difference (dollars):  -$222,220

2)  Modesto, CA

Value Difference (percentage):  -63%, Value Difference (dollars):  -$223,800

3)  Stockton, CA

Value Difference (percentage):  -62.9%, Value Difference (dollars):  -$253,975

4)  Las Vegas, NV

Value Difference (percentage):  -61%, Value Difference (dollars):  -$186,000

5)  Vallejo, CA

Value Difference (percentage):  -59%, Value Difference (dollars):  -$277,550

6)  Salinas, CA

Value Difference (percentage):  -57.5%, Value Difference (dollars):  -$382,115

7)  Daytona Beach, FL

Value Difference (percentage):  -56.8%, Value Difference (dollars):  -$125,243

8)  Bakersfield, CA

Value Difference (percentage):  -56%, Value Difference (dollars):  -$153,741

9)  Fort Myers, FL

Value Difference (percentage):  -56%, Value Difference (dollars):  -$162,097

10)  Phoenix, AZ

Value Difference (percentage):  -55.6%, Value Difference (dollars):  -$154,000