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.

Local Headlines

in Local

Federal Fugitives Being Sought

Al Sharairei s

Two federal fugitives are being sought in an Iowa court non appearance...

in Local

CHI West Okoboji Apartments Remodeled

chiapart

There are 1,2, and 3 bedroom options available for $595, $495 and $386...

in Local

Lake Park Field Fire

fireback

Firefighters remained on scene for over an hour Tuesday...

in Local

Sheldon Man Arrested For Burglaries

News Arrest1240 1

Sheldon Police recently seized numerous items from the home of 27-year-old Travis Staab...

in Local

Spencer Council Approves Home Base Iowa Agreement

News CitySpencer1240

A meeting is set for November 20th from 11-12 at the municipal golf course...