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Home value after 2008 Earth quake?

In Chino Hills, after 2008 earth quake, did home price went down? or does it discourage buyer to buy their new home in this area?
  • December 07 2013 - Chino Hills
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Answers (2)

Its generally thought that So Cal earthquake do NOT deter buyers in the market. I haven't seen anyone make a solid argument the earthquakes give any type of long term value loss.

1994 Northridge quake pushed DOWN values that were already tanking, but the bottom in the SFV was in 1995. In 1996 values were taking off again. Great time to buy a home was right after the quake.

  • December 07 2013
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Profile picture for aracz
Hi Vanni,

Perhaps a local appraiser could both give you a general opinion if they remember that time frame, and also research Specific price changes around that time. It may be hard to distinguish what may be due to earthquake reasons and recessionary trends in 2008.

All the best,

Arpad
  • December 07 2013
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