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Median sales prices have fallen for San Francisco condominiums because of short sales and discounted foreclosures in recent month that were previously out of reach for many new condo buyers. The market has been in turmoil since end of 2007.

The prices real estate have fallen significantly in the bay area, according to one real estate information service the price have fallen as much as 6.7 percent. The average sales price of San Francisco condominiums were at $629,000 in November of 2007 but now it has declined to $375,000 down 44.4 percent.

This is causing a frenzy among buyers of condominiums that were prices out of the market in the last few years. San Francisco condos are in location where many of the areas top restaurants, bars, and entertainments are in downtown. Downtown offers unique urban living with excitement of a big city. It is much better than renting an apartment, which was better options when the prices were high, but with decline of prices it is making it more affordable for those with cash.

The average sale price of San Francisco condominiums is between $400,000 to over a $1,000,000. In recent years many new condo developments have gone up in places like Sea Cliff, Sunset, and St Francis Wood.

These condos are also an good investment opportunities for those who are interested in real estate in top areas of California. San Francisco offer great weather all year around and offer many places to visit within short distance like Lake Tahoe.

High rise San Francisco condominiums are bright side of the market in the area south of the Market, where luxurious condominiums abound. Even in this recession, selling a penthouses and luxury condominiums have been no problems to brokers, especially those in upper part of the building, where price continues to climb 15 to 20 percent. Less commute times are causing many executives to buy these condos.