Thursday, November 14, 2013

Contra Costa has suffered steepest home-price drop among large U.S. counties - Capitol Report - MarketWatch

Contra Costa has suffered steepest home-price drop among large U.S. counties - MarketWatch
Among the most populous U.S. counties, Contra Costa County in Northern California saw the largest drop in home values in recent years, according to government data released Thursday.
Contra Costa County’s median property value during the 2010-to-2012 period was about $392,900, down $141,500, 0r 26%, from a median of $534,400 over the 2007-to-2009 period, according to U.S. Census Bureau data. Those results compare with a U.S. drop of about $17,300, or 9%, to $174,600 over the same time period.
Among the country’s 50 counties with the largest populations, eight of the top 10 price drops were in California counties. California, of course, is the most populous U.S. state and home to numerous communities that were hit particularly hard when the housing bubble burst. The two non-California counties in the top 10 were Miami–Dade County in Florida and Nevada’s Clark County, of which Las Vegas is the county seat.

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