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

Pacquiao knocked Algieri down 6 times, dominates

Pacquiao Bradley News Conference

Pacquiao gets a signature win that should put to rest the idea he's declining and maybe even set up a fight next year with Floyd Mayweather Jr.

in Sports

Oklahoma’s Perine runs for record 427 yards & Top 25 scoreboard

football genric image

Oklahoma freshman Samaje Perine set a major college record by running for 427 yards in a driving rainstorm, scoring five touchdowns and leading the No. 23 Sooners over Kansas 44-7 Saturday.

in Entertainment

This weekend in entertainment history

elvis

A look at the Hollywood headlines that went down in history.

in Sports

Wizards hand Cavaliers 3rd straight loss

Washington Wizards' John Wall (2) in action during the second half of game 2 of the Eastern Conference semifinal NBA basketball playoff series against the Indiana Pacers Wednesday, May 7, 2014, in Indianapolis. Indiana defeated Washington 86-82.

The hustling Washington Wizards clamped down for a 91-78 win over LeBron James and the mostly flatfooted Cleveland Cavaliers.

in Sports

Judge denies sports betting in New Jersey

gavel laying

A federal judge says New Jersey cannot partially lift a prohibition on sports betting in an effort to boost the state's struggling horse racing and casino industries.

Bellingham Traffic