San Francisco Bay Area home prices fell 41 percent in April from a year earlier as foreclosures accounted for almost half of all sales, MDA DataQuick.
The median price dropped to $304,000 from $518,000 a year earlier. That’s 54 percent below the peak reached two years ago, the San Diego-based research company said today in a statement. percent increase from April 2008.
This is for all you who said “it would never be as bad here as your Central Valley junkers”
