San Francisco home and condo values jumped in the first quarter of 2013 according to the latest S&P/Case-Shiller Home Price Index. According to the Index, single-family home prices in the San Francisco MSA rose 3.9% from February to March 2013. Up 22.2% year-over-year, the San Francisco Index remains 29.5% below a May 2006 peak.
On a month-over-month basis, prices jumped across all 
three San Francisco price tiers.
The bottom third (under $397,383 at the time of acquisition) gained 2.6% from February to March (up 25.7% YOY); the middle third gained 4.6% from February to March (up 23.5% YOY); and the top third (over $697,398 at the time of acquisition) gained 3.5% from February to March, up 15.1% year-over-year versus up 12.9% in February.
According to the Index, single-family home values for the bottom third of the market in the San Francisco MSA are back to March 2001 levels (51% below an August 2006 peak); the middle third is back to January 2004 levels (29% below a May 2006 peak); and the top third is back to just below October 2004 levels, 17% below an August 2007 peak.