San Diego Home Prices Doing Better than Other Cities

San Diego County home prices have fallen less than than all but two other metropolitan areas over the past year, according to the closely watched Standard & Poor’s Case-Shiller Home Price Index for October that was released Tuesday.

That’s an improvement from fifth or sixth place in the last few months.

San Diego prices were down 2.4 percent from a year earlier, with only Denver and Dallas down less, 0.1 percent and 0.6 percent respectively. San Diego home prices rose 0.4 percent from September to October, behind Phoenix’s 1.3 percent and San Francisco’s 1.2 percent boost.
The national index for 20 metro areas stood at 146.58, unchanged from September and down 7.3 percent from October 2008. The index, set at 100 in January 2000 for all areas, is based on paired-sales data of single-family resale homes.

Index Chairman David Blitzer took note of San Diego’s improvement, noting it had seen six consecutive months of improvement, compared with San Francisco’s seven and five each for Los Angeles and Phoenix.