I’m not going to lecture you about how real estate is a long-term investment. And how Buyers now are seeking a home first and an investment second. You’re all smart enough to know that.

It always helps, though, to see the truth of it borne out with real data:

San Francisco Home Appreciation and Depreciation Since 1995

Those dying to feast on additional statistics on percentage declines and dollar per square foot as of April 15, 2009 can grab more information here.

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Hotsheet Statistics for the Past 2-Weeks: SF Houses, Condos & TICs(compared to the previous 2-week period) 

New Listings:                     315 – slightly up from 306 Back-on-Market:               64 – slightly down from 67 Price Reductions:            207 – substantially down from 273

Went Contingent:           171 – down from 185

Contingent REO:                 7 – down from 11

Went Pending:                 164 – up from 151

Sold:                                  104 – down from 133

Sold REO:                             9 – down from 20  

Expired/Withdrawn:      131 – substantially down from 199

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