With all the news reporting about the housing market meltdown, I had to know more specifically about what's going on in SF proper. Here's what I found.
"Every other Bay Area County has seen a drop in median sales price except for San Francisco, which still shows a 3% increase year over year. However, the January 08 SF median price of $790k has decreased from prices achieved in April – November of 2007. The peak was in May 07 at $840,000."
January 2008 SF House & Condo Sales Statistics from SF Realtor
http://www.highrises.com/blog/san-francisco/for-the-statistic-hungry/
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