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

12 hours ago in Viral Videos

Will Ferrell wants to be the new animal expert on ‘The Late Show’

15-overlay-7

Stephen Colbert's "The Late Show" doesn’t have an animal expert yet, so why shouldn’t it be Will Ferrell?

17 hours ago in Entertainment

The pouting male models are back for ‘Zoolander 2’

25-overlay-1

Derek and Hansel are back.

17 hours ago in Entertainment

TV producers may start making you wait for new shows online

hulu

Cord-cutters beware: You might have to wait longer for new TV.

18 hours ago in Music

Peter Cetera turns down Chicago Hall of Fame induction

petercetera

Cetera quit the band in 1985 but fans were hoping for a reunion this spring.

18 hours ago in Music

Billy Gibbons starring in reality TV series

billygibbons

The ZZ Top star is headed to TV in a series about restoring classic cars.