Robert Selna at The Chronicle wrote a good piece today on condo resale prices. I spoke with Robert late last week for the article (thanks for the quote!), and we both concluded that it seems like the condo market in San Francisco has hit its bottom.
I think the biggest insight you can glean from the story is the fact that condo prices seem to be where they were in 2004. So sellers, if your current list price is well above the comparative sales for a similar unit in 2004—and no buyers have stepped forward—you might want to revisit your asking price.