San Francisco sells record million-dollar homes

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Updated: 7/31 12:55 pm

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.

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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