San Francisco Bay Area sells record number of million-dollar homes in sign of technology boom
SAN FRANCISCO – 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 there is a growing challenge for anyone who isn’t tied to the technology economy.
CoreLogic DataQuick said Thursday that more than 5,700 homes sold for at least $1 million from April through June, the highest since the California firm began collecting data in 1988. More than 1,100 homes sold for at least $2 million in the 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.
News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community? Create a free account to comment on stories, ask questions, and join meaningful discussions on our new site.
Leave a Reply
You must be logged in to post a comment.