A recent article in a San Francisco paper, The Examiner caught my attention with its title - "In San Francisco Real Estate, $1M won't buy much" not knowing if it is an indicator that California has fully recovered from housing bust of 2008, or if it is just to impress on ordinary employees that San Francisco housing is only for the rich. My further reading of the article from this link, http://tinyurl.com/lk8lzuk made me realize that because of robust technology in the Silicon Valley and the overall healthy economy of the Bay Area, it is no wonder that San Francisco has enviable higher median and average sales prices in California. 
Browsing at my company's Coldwell Banker website -http://tinyurl.com/mcjvb56 there are presently 1,125 homes on sale in San Francisco topped by a whopping $27,000,000 price tag on a Pacific Heights mansion, which is our Broker exclusive listing.
Per Trulia's Summary of San Francisco's market trend:
"The median sales price for homes in San Francisco CA for May 14 to Aug 14 was $975,000. This represents an increase of 3.7%, or $35,000, compared to the prior quarter and an increase of 16.3% compared to the prior year. Sales prices have appreciated 40.3% over the last 5 years in San Francisco.
The average listing price for San Francisco homes for sale on Trulia was $1,390,636 for the week ending Aug 20, which represents an increase of 5.6%, or $74,208, compared to the prior week and an increase of 3.8%, or $50,617, compared to the week ending Jul 30. Average price per square foot for San Francisco CA was $875, an increase of 17.1% compared to the same period last year. Popular neighborhoods in San Francisco include Noe Valley, SoMa, Pacific Heights, South Beach, Nob Hill, and Bayview."
Looking at the graph below, the upward trend started in the early 2012 and is steadily rising, much like those in the East Bay.
Come to San Francisco and you would surely leave your heart.
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