It’s no secret that San Francisco is home to some of the prices real estate in America, but closer look at what’s out there shows that you can now spend more than a quarter of a million a year just renting a home for your family.
DataQuick said Wednesday that the median sales price for new and existing houses and condominiums reached $579,000 in March, up 7 percent from $540,000 the previous month and up 23 percent from $470,000 in March 2013. It is the 24th straight annual increase and the highest level since December 2007.
A research firm reports that home prices in the San Francisco Bay area registered a sixth straight annual increase last month.
Trulia Inc.’s shares jumped about 30 percent in their debut on the New York Stock Exchange.
DataQuick said Friday that nearly 8,600 new and existing houses and condominiums were sold in the nine-county region last month, up more than 14 percent from the same period last year.
The foreclosure picture across the U.S. and the Bay Area is showing signs of improvement according to foreclosure database Realty Trac.
A research firm says home prices across much of the San Francisco Bay area are leveling off as March sales hit their highest point in five years.
A new report indicates that the total loss in Oakland home values driven by the foreclosure crisis could reach $12 billion by the end of next year.
The Bay Area’s median home price fell more than 9 percent last month to $372,000 from $410,000 in May 2010, the region’s sharpest year-over-year drop in nearly two years.