I just saw this on BusinessWeek’s real estate blog. It’s a graph compiled using the Standard & Poor’s/Case-Shiller home price index data for the 20 cities studies in the national index.
Bespoke Investment Group created the graph, which lines up the 20 cities in order by the size of their markets’ drop from the peak. San Diego’s decline is fourth-deepest, with the 30 percent drop I wrote about earlier this week. It comes in after Phoenix, Las Vegas and Miami.
The red bars in the middle represent the drops in the national indexes — the 10-city and 20-city indexes.
In my story last week about downtown condos, I included some details about the Miami and Phoenix downtown cores, next to which San Diego’s sizable stock of new unsold condos absolutely pales.