STOCKTON,CA—Havehome prices fully recovered from the declines suffered during theGreat Recession, or are they still struggling to make it back tothe peaks they reached before the crisis? Despite Stockton metrohome prices climbing some 82.91% from crisis-era lows, it is one of10 US metropolitan areas that still has the furthest to go toachieve full recovery, as prices in the metro were still 39.08%below boom-era peak values in the third quarter of 2016, accordingto HSH.com.
Stocktonis one of the areas with the largest recovery gaps. Areas withhigher peak deltas are Bakersfield, CA and Las Vegas. Whether ornot a specific home is now above or is still below the value whenit was purchased depends on when it was purchased.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
