Home price trends in San Francisco

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for

City-by-city price comps
San Francisco

Don’t send sellers to Alcatraz yet. The city on the bay has a better housing market than other parts of California, says Celia Chen, senior director of housing market research at Moody’s Economy.com. “That housing market certainly has been falling but not to the same extent as some of the harder-hit areas,” she says. Home prices are still 39 percent higher than equilibrium, according to Local Market Monitor.

Median price end of 2008: $487,100
Median price end of 2007: $778,000
Percent change: -37.4%
Projected change through Q3 2009: -20.4%
Affordability rating: 2.0
Foreclosures in 2008:
(1 for every 102 households)
Foreclosures in 2007:
(1 for every 209 households)
Change in foreclosures: 105.7%
Expected to hit bottom: Q4 2009
Percent drop needed to reach bottom: -27%
Current rate comparison
» Click here to view the Top 40 map.
Price trends
Q1 2008 national median price: $196,100
Q2 2008 national median price: $206,400
Q3 2008 national median price: $200,400
Q4 2008 national median price: $180,100
Q1 2008 local median price: $701,700
Q2 2008 local median price: $684,900
Q3 2008 local median price: $615,700
Q4 2008 local median price: $487,100

 Back to the 40-city chart overview.