Unencumbered by the thought process!

Is you guess a home in Elk Grove - you would be correct. Four years ago the average price per square foot was $250.00 for a single family home in the zip code 95758. Today, that same home has a price per square foot of $135.00. Thats a loss of $115.00 per square foot.

Let's do the math:

1,000 square foot home x $250 = $250,000 (4 years ago)

1,000 square foot home x $135 = $135,000 (today)

Loss in value = $115,000 or $28,750 per year or $78 per day.