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

Storms kill 8 in Texas, Oklahoma; Houston largely underwater

flood

By Anna Driver HOUSTON (Reuters) – Torrential rains have killed at least eight people in Texas and Oklahoma, including two…

in Entertainment, Sports

World Series of Poker starts this week with new events

worldseriesofpoker

The annual set of 68 tournaments at the Rio Hotel & Casino that rewards millions of dollars to the best card sharks starts Wednesday.

in Sports

Twins keep rolling

twins

Not many baseball fans expected the Minnesota Twins to be playoff contenders through Memorial Day, especially after their 1-6 start.

in Sports

Brady appeal to pass deadline

robertkraft

Tom Brady's appeal won't be heard by Wednesday's 10-day deadline.

in Sports

Tuesday’s Sports Minute

warriors

A look at some of the big sports stories making headlines today, Tuesday, May 26.