No. 8 Oakland-Fremont-Hayward, Calif.

Change in Condo Price (2007:Q2-2008:Q2): -17.5%
Median Condo Price: $377,000

While the Bay Area condo market has remained stronger throughout the dive, it still had its share of new developments built during the boom, leading to lower prices today. "It’s not as severe as other parts of California," says Appleton-Young.