San Francisco Bay Area sells record number of million-dollar homes in sign of …

e5b4d CAJC301 730 2014 131317 high San Francisco Bay Area sells record number of million dollar homes in sign of ...

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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, 2014. In the souped-up world of San Francisco real estate, where the median selling price for homes and condominiums hit seven figures for the first time last month, the cool million that would fetch a mansion on a few acres elsewhere will now barely cover the cost of an 800-square foot starter home that needs work and may or may not include private parking. (AP Photo/Jeff Chiu)

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.

Article source: http://www.brandonsun.com/world/breaking-news/san-francisco-bay-area-sells-record-number-of-million-dollar-homes-in-sign-of-technology-boom-269411001.html?thx=y

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