News

In San Fran, a million won’t buy you much

In San Fran, a million won’t buy you much

COST OF LIVING: George Limperis, a Realtor with Paragon Real Estate Group, smiles while walking through the kitchen of a property in the Noe Valley neighborhood in San Francisco, Wednesday, July 30. The median selling price for homes and condominiums hit seven figures for the first time last month. Photo: Associated Press

SAN FRANCISCO (AP) — A research firm says a record number of million-dollar homes were sold in the San Francisco Bay Area during the second quarter, another sign that affording a place to live is a growing challenge for anyone who isn’t tied to the technology economy.

CoreLogic DataQuick said that more than 5,700 homes sold for at least $1 million from April through June, the highest since the Irvine, California-based firm began collecting data in 1988.

More than 1,100 homes sold for at least $2 million in the nine-county region, also a record.

Santa Clara County, in the heart of Silicon Valley, and the city of San Francisco set records for million-dollar sales.

Prices are highest in San Francisco, where the median sales price hit $1 million last month.

Recent Headlines

53 mins ago in Entertainment

Today in entertainment history: May 24

Fresh
paulgray16127583420372

A walk down Hollywood's memory lane.

14 hours ago in Viral Videos

Bernie and Hillary walk into a bar

11-overlay-11

The Democratic presidential candidates reminisce about their time running against each other in the primary.

15 hours ago in Entertainment

Angelina Jolie, the college professor

jolie202987710507

The "Tomb Raider" star is becoming a visiting professor for a new one-year master's course at the London School of Economics.