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San Francisco, California

Listing price: $1,198,000
Bedrooms: 4
Bathrooms: 2 full, 1 half
Size of home/lot: 2,200 / 4,303 sq ft

$1 million+ market*
Homes for sale: 597
Median size: 2,297 sq ft
Median time on market: 48 days

Local perspective:
The San Francisco market has seen an up-tick in buying activity across all price ranges compared to 2009, partly as a result of the federal homebuyer tax credit, which expired in April. The market is seeing a “promising” recovery, although prices and activity are still not back to “normalcy.”

Entry-level homes currently represent the hottest segment of the market and this strength is expected to continue into 2011, although buyers continue to demand high affordability. Realtors expect the overall market to remain stable, although summer buying is expected to give a clearer outlook on the rest of the year.

Photos and listing: Michelle Payne & Kathy Murphy, Coldwell Banker Residential Brokerage San Francisco || *Listings as they appear on Zillow.com