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Article: Luxury Values Remain Stable in San Francisco; Los Angeles and San Diego Values Continue to Fall.
- Article from:
- PR Newswire
- Article date:
- August 25, 2008
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San Diego Values Down 7.8% Compared To Year Ago
SAN FRANCISCO, Aug. 25 /PRNewswire/ -- Luxury home prices remained flat in San Francisco in the second quarter of 2008 compared to a year ago, but Los Angeles and San Diego continued to decline, 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 June 30, 2008, the Index indicated the following:
-- Los Angeles area values increased 1% from the first quarter of 2008, but fell 3.8% from the second quarter of 2007. The average luxury home in Los Angeles is ...