September 2012. From a recent article in the San Francisco Business Times by Mark Calvey: "Luxury home values in the Bay Area and other key California cities are chalking up their biggest gains since the housing boom went bust in the last decade.
Bay Area luxury home values soared 6.6 percent in the second quarter, the biggest year-over-year gain since the first quarter of 2006.
And Bay Area luxury home values rose 2.9 percent from the first quarter of 2012. The average luxury home in San Francisco is now $2.67 million, according to the First Republic Prestige Home Index produced by First Republic Bank
and Fiserv CSW Inc. (NASDAQ: FISV)."
For more information on the San Francisco luxury home market, see the Market Updates section for our Luxury Home Report.