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Article: California Luxury Home Values Move Lower.
- Article from:
- PR Newswire
- Article date:
- May 19, 2008
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Copyright informationCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Los Angeles, San Diego and San Francisco All Drop For Second Straight Quarter
SAN FRANCISCO, May 19 /PRNewswire/ -- Luxury home prices in Los Angeles, San Diego and San Francisco all posted modest declines in the first quarter of 2008, according to the First Republic Prestige Home Index(TM) by First Republic Bank, a leading provider of private banking, private business banking and wealth management services.
In the quarter ended March 30, 2008, the Index indicated the following:
-- Los Angeles area values decreased 2.2% from the fourth quarter of 2007
and 3.7% from the first quarter of 2007. The average luxury home in
Los Angeles is now $2.35 million.
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