| In its 4th quarter report of 2006, the real estate | | | | 11.84 % |
| information site estimates the home value trends for | | | | 2. San Luis Obispo-Atascadero-Paso Robles, California, |
| the U.S. and 75 metropolitan areas. According to the | | | | with a depreciation rate of 11.35 % |
| data from home values are now declining slightly on a | | | | 3. Punta Gorda, Florida, with a depreciation rate of |
| year-over-year basis for the first time in a decade | | | | 9.23 % |
| after years of appreciation. | | | | 4. Sarasota-Bradenton, Florida, with a depreciation |
| Zillow's home value data goes back to 1997 and | | | | rate of 8.99 % |
| reveals the depreciation of home value rates at 0.48 | | | | 5. Greenville-Spartanburg-Anderson, South Carolina, |
| % year-over-year at the national level. The | | | | with a depreciation rate of 8.73 % |
| depreciation in home value every quarter is at 4.77 | | | | The Zillow national report also includes the top five |
| %. Zillow's appreciation rate is based on the value of | | | | most expensive and least expensive metro areas |
| all homes in an area, including those that were sold. | | | | measured by the Zindex home value indicator. |
| Although there is a fall in the over-all home price | | | | The top 5 metro areas that are most expensive are: |
| growth, areas such as Seattle and Portland are | | | | 1. San Francisco-Oakland-San Jose, California at |
| experiencing a surge in home values at good | | | | $684,459 |
| appreciation rates. Besides national home values, the | | | | 2. Salinas, California at $654,503 |
| report also presents comprehensive data on local | | | | 3. Santa Barbara-Santa Maria-Lompoc, California at |
| market price growth and decline in 75 metropolitan | | | | $627,323 |
| areas. The Zillow report gives detailed data on home | | | | 4. Honolulu, Hawaii at $626,452 |
| value changes for counties, cities, neighborhoods and | | | | 5. Los Angeles-Riverside-Orange County, California at |
| ZIP codes in U.S.A. | | | | $545,409 |
| The top 5 metro areas with the highest price | | | | The top 5 metro areas that are the least expensive |
| growth, year-over-year, are: | | | | are: |
| 1. Lakeland-Winter Haven, Florida, with an appreciation | | | | 1. Davenport-Moline-Rock Island, IA-IL at $86,201 |
| rate of 25.88 % | | | | 2. Peoria-Pekin, Illinois at $91,984 |
| 2. Yuma, Arizona, with an appreciation rate of 25.66 | | | | 3. Greenville-Spartanburg-Anderson, South Carolina at |
| % | | | | $96,508 |
| 3. Myrtle Beach, South Carolina, with an appreciation | | | | 4. Tulsa, Oklahoma at $97,186 |
| rate of 21.24 % | | | | 5. Dayton-Springfield, Ohio at $103,729 |
| 4. Flagstaff, Arizona, with an appreciation rate of | | | | Even within these markets, there are hot and cold |
| 19.02 % | | | | housing segments of the community. Be sure to seek |
| 5. Ocala, Florida with an appreciation rate of 17.56 % | | | | out the services of a local real estate agent, who |
| The 5 metropolitan areas that have the most | | | | can advise you about local market conditions that |
| declining home values, year-over-year, are: | | | | impact the price of homes, condos and other types |
| 1. Panama City, Florida, with a depreciation rate of | | | | of real estate. |