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.

Latest Headlines

in Entertainment

Leaked Sony emails reveal Idris Elba in line for ‘Bond’

Fresh
idriselba

A leaked Sony email named British actor Idris Elba as the frontrunner to replace Daniel Craig as James Bond.

in Entertainment

Sarah Jessica Parker eyes return to small screen

Fresh
sarahjessicaparker

The "Sex and the City" star could be heading back to HBO.

in Music

Jack White hid records in recliners

Fresh
jackwhite

It just might pay to rip apart your couch.

in Entertainment, National

Obama: Sony hack not an act of war

Fresh
interview

President Barack Obama says the massive hacking was not an act of war but instead was cyber-vandalism.

in Viral Videos

One-man band entertains Seattle airport passengers

Fresh
23-overlay2

This guy will brighten the day of even the most beleaguered traveler.