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

Illinois Basketball Museum to Open in Pontiac

basketball

A museum dedicated to Illinois basketball glory will open to fans by 2016.

in Local

Effingham Cross Draws Nearly 10k Visitors

cross_crossroads

9,479 people visited the Cross at the Crossroads.

in Local

Illinois Threatens to Withhold Funds if School Districts Don’t Test

Student Testing

Chicago Public Schools have already declined to offer the PARCC assessment tests.

in Local

Springfield Teen Taken Charged in Tuttle Murder

policetape2

A 16 year old Springfield youth has been charged with First Degree Murder in Tuttle's death.

in Local

Durbin Introduces Bill to End Cuban Travel Ban

durbin

The travel ban has been in effect since 1960, ostensibly as a way to prevent Americans from supporting the Castro communist regime.