Las Vegas has joined The Real Estate Bloggers 50 Percent Club. That is my informal index of real estate markets that are down in the Case Shiller Report from July 2006, my nominal top of the market.

Detroit, Los Angeles, Miami, San Diego, San Francisco, and Tampa are now down over 40 percent from July, 2006 property values. Charlotte is the only market place not down double digits, down only 6.8%.

The declines for the 20 city index are 19% year over year and 7.5% since the 4^th quarter. We have hopes that the anecdotal upturn in the market for this spring will affect this widely publicized index.

Metro Area      Mar09 Feb09-Mar09  Mar08-09 Jul06-Mar09 

Atlanta         104.89    -1.7%     -15.7%     -22.2%
Boston          145.83    -2.0%     - 8.0%     -18.0%
Charlotte       119.3      0.3%     - 9.3%     - 6.8%
Chicago         122.34    -3.1%     -18.6%     -27.0%
Cleveland       96.86     -0.9%     - 9.0%     -21.6%
Dallas          112.38     0.0%     - 5.6%     -10.4%
Denver          120.35     0.1%     - 5.5%     -14.2%
Detroit         70.98     -4.9%     -25.7%     -42.4%
Las Vegas       116.44    -3.8%     -31.2%     -50.3%
Los Angeles     160.88    -1.4%     -22.3%     -41.3%
Miami           148.87    -3.5%     -28.7%     -46.5%
Minneapolis     109.12    -6.1%     -23.3%     -36.1%
New York        173.35    -2.5%     -11.8%     -19.5%
Phoenix         106.83    -4.5%     -36.0%     -53.0%
Portland        147.68    -2.1%     -15.3%     -17.8%
San Diego       144.56    -1.5%     -22.0%     -42.0%
San Francisco   117.77    -2.2%     -30.1%     -45.9%
Seattle         149.03    -2.0%     -16.4%     -17.2%
Tampa           141.37    -2.7%     -22.4%     -40.6%
Washington      166.01    -1.2%     -18.4%     -33.6%

Related posts:

1. Case Shiller Report For February 2009 Bleeds Red, Phoenix Down 50%
2. Case Shiller June 2009 Report is Full of Good News!!!
3. Case Shiller Report For May 2009 – Real Estate Looking Better
4. Case Shiller January 200 Report Shows Declines in Housing Speeding Up
5. NAR 1st Quarter 2009 Numbers Sobering But There Are Silver Linings In Them