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

‘Deflategate’ judge to rule soon after Brady, NFL talks fail

tombrady

The National Football League and its players union failed to reach a settlement in their dispute over New England quarterback Tom Brady's four-game "Deflategate" suspension despite weeks of talks.

in Entertainment, Sports

Hulk Hogan begs forgiveness, wants back in WWE

22-overlay16

The wrestling icon is pleading with fans for their forgiveness after he was caught on tape using a racial slur, insisting the controversial comments were made at the "lowest point" of his life.

in Sports

Ronda Rousey wants you to have a ‘knockout’ breakfast

20-overlay15

The MMA champion has teamed up with fast-food chain Carl's Jr. to pitch their latest breakfast creation.

in National

Arctic chills, messy energy politics await Obama in Alaska

16-overlay16

Shrinking glaciers, Arctic temperatures and a mix of messy energy politics await President Barack Obama as he begins his historic trip to Alaska.

in National

As Common Core results trickle in, initial goals unfulfilled

commoncore

Overall scores are higher than expected, though below what many parents may be accustomed to seeing.