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

Daily fantasy sports land in gambling industry crosshairs

Fresh
yahoofantasy

Each year millions of Americans draft virtual sports teams online and enter real-money competitions that last only a few hours.

in Local

Gillibrand tours Ithaca startup works, holds business roundtable

Fresh
gillibrand

The New York senator held discussions with the owners of startup business ventures in Ithaca Monday.

in Local

TECH MINUTE: Cornell professor discusses possibilities of photonics

photonics

WHCU's Kyle Robertson speaks with Cornell physics professor Frank Wise on the science of photonics.

in Local

Cortland firefighters respond to multiple fire reports

fire

Cortland fire crews responded to two different fire reports in the early morning hours Monday.

in Local

Identity of man in Sayre police standoff Friday confirmed

crime2

33-year-old Justin Holloway was involved in a nearly 10-hour standoff with police Friday.