I guess the question is what are you comparing it to? Values and prices coincide with desirable areas because of schools, locations, weather, proximity to work and so forth. The areas mentioned above have the best schools, weather and so forth, so that is the reason why the prices are higher than Pleasant Hill or Concord or even San Ramon, which are the neighboring cities in your question. If you look at the stats, even those areas have come down a lot since the crest of the market, but will always be desired areas to live. If people did not want to live in those areas, then the prices would come down drastically, like Antioch and other areas similar have.