Look at this gem from

[bsrsharma]

Look at this gem from Richmond, CA (bay area)

$99K for a 1000 sqft shack and no takers! that is 76% off peak.

http://www.trulia.com/homes/California/Richmond/sold/541884-339-Market-Ave-Richmond-CA-94801#sold_data

has the sales history. (from patrick.net)