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 Local

Votes expected Tuesday on New York budget bills

Fresh
state leg

Controversial budget proposals expected to get plenty of debate for Tuesday votes in Senate, Assembly

in Local

NYSUT calls on parents to opt children out of standardized tests

school2

Call came as teachers' union continued criticism of governor's education reforms

in Local

Ithaca lawmaker sounds alarm on Cascadilla Boat Club

cayuga lake

An Ithaca city lawmaker is raising concerns about the Cascadilla Boat Club and its long-held use of the Cascadilla Boat House.

in Local

Rep. Reed stands by statement on Cornell-ISIS video

Congressman Tom Reed

The authenticity of the video has been called into question, both by Cornell President David Skorton and by various media sources.

in Sports, Viral Videos

David Beckham for ‘D&J Briefs’

21-overlay5

It's underwear for a man with a great body ... and David Beckham.