[size=18]CA prices down a WHOPPING 40%-50% [/size]

Many analysts suggest another 15% drop in values in the next year!!

This is pretty typical in the areas most hard hit in CA. I myself had a few homes in the "Central Valley" that doubled in value in a short period of time (3 years) and we sold in late 05. THANK GOD!

I will try to go back and link to this site that shows hundreds of these figures.

Here is an example:

Sacramento- High end Area- Custom Home

Total Loss: $407,600 Percent Loss: 40.7%
Asking Price: $594,900
Bedrooms:6 Baths: 4 Sq. feet:5600

Listing History:
Down 45.9% from $1,100,000 On 2006-09-16
Down 12.4% from $679,000 On 2007-06-23

Days on market: 518
# of Times Listed: 3

Previous Sales:
Sold on 2006-04-28 for $1,002,500
____________________________________

Total Loss: $341,Percent Loss: 49.4%
Asking Price: $350,000
Bedrooms:4 Baths: 3 Sq. feet:3052

Listing History:
Down 32.7% from $520,000 On 2007-09-15
Down 29.9% from $499,000 On 2007-12-08
Up 16.7% from $300,000 On 2008-01-12

Days on market: 154
# of Times Listed: 2

Previous Sales:
Sold on 2005-11-29 for $691,500