

4,273,331
Unfortunately, I think the devastation and loss of life will be more of a factor than home pricing.
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
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Paul S. Henderson, REA...
Tacoma, WA
1,263,106
I can't imagine any other scenario than prices dropping dramatically as the area could be partially destroyed. I believe home construction has improved dramatically in earthquake prone areas, but as you said, they are overdue.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Paul S. Henderson, REA...
Tacoma, WA
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Robert Vegas Bob Swetz
Las Vegas, NV
2,401,291
Home values and prices in the Bay Area in Northern California are at a all time (inflated high) ;o/
And all it's going to take is a serious Earth Quake to put these home values into check and bring them back down.
And Vegas Bob is talking a "Serious Earth Quake" and please don't say they've been saying this for years because the Bay Area has been overdue for quite some time ...
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Nina Hollander, Broker
Charlotte, NC
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Robert Vegas Bob Swetz
Las Vegas, NV
1,014,838
Depends - there was one several years ago and S.F. / Oakland bounced back very strong
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Jessie Cochran
Panama City, FL
2,448,781
Interesting question and I love the debate going on here
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Nina Hollander, Broker
Charlotte, NC
3,988,144
I believe there would be a spike in inventory and as a result propery values would decline.
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Robert Vegas Bob Swetz
Las Vegas, NV
3,764,591
There was a great article about that a few months ago in The New Yorker. It was amazing, well-written. The seismologists are more concerned about Washington and Oregon, in large part because of the soil type. Here's a link to the article.
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Nina Hollander, Broker
Charlotte, NC
5,205,781
Perhaps in the short term but I think the matter would be rather complex, depending on amount of damage and where. I hope I am not around to find out the reality
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Nina Hollander, Broker
Charlotte, NC
77,119
2,234,865
It's difficult to say what might happen. There are some very interesting and well thought out answers.
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Nina Hollander, Broker
Charlotte, NC
1,643,579
They went up! I lived through many and survived the 1989 quake, which was the biggest of my lifetime, bridges fell and houses fell down hillsides and or sank into the landfill. Prices went up, up and away!
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Nina Hollander, Broker
Charlotte, NC
1,466,257
Robert Vegas Bob Swetz What homes!
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Nina Hollander, Broker
Charlotte, NC
5,774,106
There was one a few years ago (1989), and parts of the bridge was broken. Some of the properties near there had a better water view because the bridge was gone. When they rebuilt it they kept it that way, and their values went up....
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Nina Hollander, Broker
Charlotte, NC
3,448,581
Only time may answer that question. I hope I am not around to see it.
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Nina Hollander, Broker
Charlotte, NC
5,293,200
97,916
The comments so far all talk about the earthquake. According to the New Yorker article (thanks to Patricia Kennedy for the link in her comment) the Big Earthquake that is overdue will be 9 on the Richter scale, and cause a Tsunami. I may remember incorrectly, but I think it said everything for the first 300 or so vertical feet will be awash with debris, including cars, bridges and buildings that didn't stand up to the wave coming in. The land prices will drop and then skyrocket, but the recovery time for clearing all that extra tsunami mess before infrastructure can be re-created will surely slow recovery down, and this assumes no further aftershocks to cause further damage.......... so many unknowns, so much misery, no potable water for miles, no food, enormous amounts of debris and rotting things, and perhaps fire from burst pipelines. Three hundred vertical feet scoured by a massive wave is a lot of coast. This will cause a lot of change......
2,719,053
Unless it's an apocalyptic nightmare where the coastline moves inland (or farther out), there will be market instability until the infrastructure (roads, communication, water, sewer, etc.) is repaired and reusable.
The market would then see a resurgence, possibly even a lot of investors moving in to take advantage.
1,546,934
I'd say prices would go in both directions. Devestated areas would drop and prices for remaining homes could skyrocket because now there is additional demand from those that lost their homes.
5,585,039
232,119
It's happened before, during the 1989 world series - I imagine the same thing would happen - they'd rebuild and the prices would go up yet again
8,244,231
5,566,036
May it never happen! Some homes may appreciate if they are now waterfront!
4,796,313
4,434,277
3,074,716
1,618,024
They would devalue and people would sell. Then, market returns where new sellers selling at high point of market.
5,396,458
I would guess initially there would be a decline in prices, but they would go back up again. California has had many quakes north and south and it doesn't seem to have affected home values over the long run.
4,322,295
Robert Vegas Bob Swetz - if nothing much happens to the homes, they will go up!
1,525,616
2,443,346
6,774,263
I suspect that supply and demand would step in and drive the prices up to make up for the homes that where destroyed.
1,231,903
Probably a lot more impact than major snowstorm in northeast. (I live in Lake Erie snowbelt)
425,113
Already is shortage of housing. 8 Point earthquake takes down the Marina and any homes on sandy soil. After the 4 week emergency: contractor prices soar for repairs of masonry, permits take 2 years for new houses rather than 1 year, houses standing increase in value. People buy earthquake insurance when it becomes available. Earthquake coverage has huge deductable sometimes $20- 30000 ( about cost to rebuild chimney in Bay Area which is what falls down in a 6 -7 point earthquake)
2,874,398
Mother nature would reclaim what is rightfully hers and those that were once high, will be made low. Tragic resetting of all circumstances
5,184,314
Out in California, they're gonna have some warm weather tomorrow, gang wars, and some *very* overpriced real estate. Up in the Pacific Northwest, as you can see, they're gonna have some very, very tall trees.