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 National

Police seek motive in fatal Washington state school shooting

mp

Authorities are seeking a motive as to why a high school student shot dead a female classmate and wounded four others.

in National

Making headlines this week

AP977488553978

A look at some of this week's biggest newsmakers.

in National

Student opens fire in high school north of Seattle

People embrace in front of school busses at a church, Friday, Oct. 24, 2014, where students were taken to be reunited with parents following a shooting at Marysville Pilchuck High School in Marysville, Wash.

A student opened fire at his Washington state high school on Friday, killing one person, and wounding at least four others.

in National

Evenflo recalls infant seats to fix sticky buckles

evenflo

More than 200,000 rear-facing car seats are being recalled.

in Local

Man Jailed For Columbine-Style Threat Against Frontier

Schauer

A 19-year-old Sunderland man is behind bars after threatening to commit a mass shooting at Frontier Regional School