San Francisco area has gained about 36 percent over the last two decades, according Bloomberg Businessweek.
Check out these statistics:
1990 Price: $433,030 ($259,300 in 1990 dollars)
2010 Price: $588,900
Change in Real Dollars: +36 percent
Population: 4,317,853
Year Home Prices Peaked: 2007
San Francisco housing prices rose in the 1990s during the tech boom. In the past decade, the fastest growth occurred in 2004 and 2005, when nominal prices increased by 15 percent and 11.5 percent, respectively. In 2007, prices peaked at $847,873 (in 2010 dollars). While prices are now 30.5 percent below peak, they remain well above 1990 rates and have been increasing recently. In third-quarter 2010, the nominal median sale price was up 9.4 percent year-on-year, according to data from the NAR.
Tags: Arroyo Grande, California, Realtor, San Luis Obispo
