Redeem now A six-floor house in San Francisco has had its price slashed by $10 million in three years.It sold for $20 million in January 2020 and then sold again for $10 million in November.Home values in San Francisco have been sinking in the last year after reaching a peak in April 2022. .inline-newsletter-signup.loading { width: 100%; max-width: 640px; margin: 0 auto; visibility: hidden; } In January 2020, a six-floor house in San Francisco was sold for $20 million. In November, it changed hands again — but this time, it went for half the price.The four-bedroom house on 2626 Larkin Street has eight bathrooms, a five-car garage, and a guest apartment, according to its listing on Zillow.On November 9, it was sold for $10 million, the listing shows. In January 2020, the same house was sold for $20 million, as Rohin Dhar, a real-estate investor and San Francisco resident, first highlighted on X.Zillow records show the home was listed for $20 million in October 2022. Its price was knocked down three times to just under $10 million over the course of the next year. The owner of the home during this period was Leslie Stretch, then-CEO of the customer-service company Medallia, The Real Deal reported.The outlet reported that the 10,000-square-foot house was built in 2013 and was one of the Russian Hill neighborhood's most expensive homes, with a roof deck and a $1 million chandelier.It also comes with a media room, a wine room, an elevator, and a helix staircase, according to Zillow.Zillow did not list the person who bought the property for $10 million in November. Tax records from this year show the property was assessed at a total value of $21 million. The city's housing market has been suffering a recent slump.San Francisco median housing prices fell at some of the fastest rates in the US earlier this year, down from a peak of about $1.6 million in April 2022 to $1.2 million in January, Redfin found.The market has since picked up again, but prices in the city were still reported to be down 5% year-on-year in November, with homeowners losing an average of $223 a day, Business Insider's James Faris reported.Home prices have been slashed across the US over the last year, but San Francisco is often a poster child for the decline because property there is notoriously expensive. This story has been updated. .content-lock-lock .hidden { display: none; } Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Watch: Why Hong Kong is the most expensive housing market in the world