2009 is history and the deflation of the real estate bubble is now far enough behind us that we can begin to get a little perspective. With the closing of the books on the 2009 real estate year we can now see which cities performed the best in several categories.
Check out the tables for details of all 25 cities for which I’ve produced the analysis. Also, check out the pdf attachment below for charts showing each of the 24 city’s individual performance over the past 10 years. The pdf takes a little while to download and it doesn’t display an hourglass to let you know it is working, so you’ll need to be patient to access it.
Top 5 Cities for Least Price Decline After The Peak:
Single Family Homes:
Hillsborough -9%
Foster City -10%
Burlingame & Portola Valley Tied -12%
Cupertino, Mountain View & San Jose -13%
Condominiums & Townhouses:
Cupertino -7%
Belmont -8%
Palo Alto, Mountain View & San Jose Tied -11%
Top 5 Cities for Highest Net Price Increase Past 10 Years:
Single Family Homes:
Burlingame 81%
Palo Alto 78%
Foster City, Mountain View, San Jose Tied 71%
Condominiums & Townhouses:
East Palo Alto 91%
Palo Alto 82%
Cupertino 80%
Mountain View, San Jose Tied 76%
Top 5 Cities for Greatest Decline from Peak:
Single Family Homes:
East Palo Alto -60%
Woodside -35%
Redwood City -30%
Los Altos Hills -27%
La Honda -26%
Condominiums & Townhomes:
Redwood City -35%
East Palo Alto -32%
Saratoga -28%
Burlingame -26%
San Mateo -20%
