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

in Sports, Viral Videos

Marshawn Lynch doesn’t want to get fined

23-overlay5

The Seattle Seahawks running back has a goal for Media Day.

in Viral Videos

School announces snow day with ‘Let It Go’ parody

22-overlay5

Who needs robocalls when you can declare school closures through song?

in Entertainment

Benedict Cumberbatch apologizes for ‘colored’ remark

Benedict Cumberbatch attends a special screening of "The Imitation Game" at the DGA Theater on Monday, Nov. 10, 2014, in Los Angeles.

Benedict Cumberbatch is "devastated" after realizing he caused offense during a chat about diversity on Tavis Smiley's late-night show.

in Sports, Viral Videos

Marshawn Lynch holds an “awesomer” press conference

23-overlay4

"You don't feel in beast mode. It feels you."

in Music

Peter Frampton, Gibson copy his beloved guitar

peterframpton

It wasn't just any guitar, but Frampton's absolute favorite, and the one he played on "Frampton Comes Alive."