Down again, darn it.
Median home sales prices plunged further during August in Stanislaus, San Joaquin and Merced counties and throughout most of California.
As usual, the housing meltdown was worst in the Northern San Joaquin Valley, according to MDA DataQuick sales statistics released Thursday.
Stanislaus County median sales prices fell to $185,000 in August. That's a one-year drop of 41.3 percent. Even more depressing, it's 53.3 percent below what homes were selling for at the building boom's December 2005 peak.
Stanislaus prices haven't been this low since the spring of 2002. Six years of appreciation have been wiped out.
Blame foreclosures for the price drops. The Northern San Joaquin Valley continues to be the fore- closure capital of the universe.
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