San Francisco: Prices Drop on Telegraph Hill

For millionaires it must always be a good time to enter the housing market. After all, they can still afford a home when prices are high, and now that they're low again, million-dollar bargains abound. Recent price drops in San Francisco's Telegraph Hill make the area worth looking at again.

I recently wrote about a stunning condo for sale in the Telegraph Hill neighborhood that had its price drop by 5 percent. Now I've found a single-family home in the same hilltop neighborhood that has dropped nearly 11 percent in price --- from $3,350,000 to $2,995,000.