Monday, August 30, 2010

Real estate prices "stickier" in top tier SF neighborhoods

In a sign of the uneven toll the housing downturn has taken on San Francisco homeowners, home values in some of the city's poorer neighborhoods have fallen more steeply than in tonier areas. Median home values fell most sharply in Bayview and Visitacion Valley on the city's southeast fringe, dropping 36% and 28%, respectively, in June from four years earlier, according to real-estate website Zillow.com. The declines were less dramatic in more affluent neighborhoods such as Glen Park and Pacific Heights, where median home values dropped 7% and 6% over the same period.
SOURCE: WSJ

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