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This is actually extremely deceiving. The "9 county Bay Area" prices dropped considerably. This is definitely true. This includes Costra Contra County (MANY foreclosures), Oakland, Sonoma (big drop), etc.
SF alone went up something like 4% in the past year.
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Well, if the SF Chronicle is correct, I stand corrected. SF down 11.3%.
http://www.sfgate.com/cgi-bin/articl...QRVS.DTL&tsp=1