Flickr/photosteve101 Real estate markets in California dominate a list of metro areas with the steepest percentage-based decline in home values over the past five years. Data prepared by online real estate valuation and search company Zillow -- based on the company's home-value estimates and its Zillow Home Value Index, which is generated from those value estimates -- reveals that six of the 10 metros with the most severe 5-year fall in value are in California, while two are in Florida and the other markets are in Arizona and Nevada. The five-year declines in estimated value range from 67.6 percent to 55.6 percent, while the estimated dollar-value declines range from to $382,115 to $125,243.See related report: "10 metros with greatest 5-year gain in real estate value...
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