September 18, 2014
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 Thursday 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.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.