What Do San Francisco’s Year End Prices Say About 2011 Real Estate Market?

With December upon us, we look back at 2010 to assess San Francisco’s real estate market, not only to see what was, but to predict what will be.

Online brokerage Redfin has released its final quarter data, among it this graph showing the price San Francisco properties commanded per square foot.

The graph, which correlates to single family homes only (no condo data) shows a general downward trend since 2009. We can’t be shocked, since the same trend is mirrored throughout the U.S. and a good portion of the rest of the world. However, what many people still find amazing is the how high, even after coming down steadily for over a year, San Francisco median prices still are.

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