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Is the San Francisco Real Estate Market really bad?

Take a look at this single family home in the Bernal Heights neighborhood of San Francisco. It was sold in Aug 2015 for $1,250,000 for over asking back in August 2015 and now, is listed for $1,575,000 after enduring a $75,000 price cut. Thiat would average to a measly 2.8% YOY price gain.

submitted by /u/Succulent_Rain
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source https://www.reddit.com/r/RealEstate/comments/1gw9u7h/is_the_san_francisco_real_estate_market_really_bad/

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