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 Weird

Foiled by a hat

Police

A man evading police almost got away - if it wasn't for his lost hat.

in Trending, Viral Videos

TODAY’S MUST SEE: ‘Game of Thrones: The Musical’

15-overlay6

Coldplay teams up with the cast of "Game of Thrones" for a hilarious musical version of the hit HBO show to help raise money for Red Nose Day.

in Viral Videos

Mom shames daughter for inappropriate Facebook profile

16-overlay5

After Val Starks found her 13-year-old daughter's secret profile - posing in her bra and claiming to be 19 - she set the record straight and the video has gone viral.

in Music

Tom DeLonge launches record label

tomdelonge

The rocker is also working on a new album.

in Sports, Viral Videos

WATCH: Stephen Curry’s daughter steals the show

16-overlay4

The NBA MVP mixes a post-game interview with "take your daughter to work day."