It's quite dramatic. The bay area housing still rose up to 2008 July level. See Mercury News on 1/16/2013 below or here.
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In a further sign of the
housing market's revival, the median price of existing single-family Bay
Area homes in December jumped nearly 24 percent from a year ago on
modestly improved sales, according to a report Wednesday.
The median price paid in the nine-county Bay Area hit $470,000, up from $380,000 in December 2011. The last time it rose at a
faster rate was in May 2010, when it increased nearly 29 percent, LePage
said, adding that the median price in December was the highest it has
been for any month since July 2008, when it was $485,000.
The median price rose about
22 percent to $650,000 in San Mateo County, 21 percent to $602,500 in
Santa Clara County, 23 percent to $449,000 in Alameda County and 29
percent to $330,000 in Contra Costa County.
The most the Bay Area's
median price has ever been was in July 2007, when it hit $738,500. That
was just before the housing market collapsed, plunging the price to a
low of $295,000 in March 2009.
Please check the whole article here.
