This article illustrates that San Clemente real estate continues to hold on strong not only on a county or state level, but also on a national level when compared to the Standard & Poor's/Case-Shiller 20-city housing index.  This index for the month of July showed a decrease in home prices of 16% for the 12 month period.  During this same period as noted in one of our previous blogs, "San Clemente Real Estate Market Performance - July 2008 vs July 2007" San Clemente home prices declined only 9.36% for the same period.  This clearly illustrates that real estate markets are highly localized as San Clemente real estate has declined about half of what this 20-city index has.

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