I was poking around the Data Quick site looking at last months sales by zip code when I noticed most of the zips had larger declines than the reported numbers (20% for Riverside and 19% for San berdu). Looking at the chart I could see that the Condo numbers helped make the median price decline look a little better than it would have been. I still cannot figure out how they came up with the last number they reported. No matter what I do with the numbers from this chart I cannot come up with the numbers they reported earlier in the week.
The actual number for year over year price drop for SFRs (houses) are,
Riverside down 23% from 2007
San Berdu down 25% from 2007
It's amazing some of the declines, for example
Canyon Lake -51%!
There are so many zips with declines of 30% to 40% that they are not even worth mentioning. Take a look at the chart for yourself, it's stunning.
The Median Price numbers also don't match what has been reported and I'm a little puzzled as to why that would be. Here are the Median Price numbers according to the sales by Zip Code Report
Riverside is down to $315k (the other reports said $331k)
San Berdu is down to $279k (the other report said $298k)