This graph show the median and the average price for residential properties in the San Francisco City and County from 1993 to 2008. Below that is a graph of the median prices each month of 2009.

I’m not going to draw conclusions but let the numbers speak for themselves. The median price is where it was in 2004 City wide. The neighborhoods are all different. For example Miraloma Park is only down 6% from the peak in July 2007 and the Sunset is down 10% from 2007.