A record number of million-dollar homes were sold in the San Francisco Bay Area during the second quarter, a research firm said Thursday, another sign that affording a place to live is a growing challenge for anyone who isn’t tied to the booming technology economy.
In his Bubble Watch blog post, Jed Kolko writes that while national prices among the top 100 markets are 3% undervalued, that’s not the case in most California markets. All three Bay Area Cities included in the survey, San Jose (6th most overvalued), Oakland (7th) and San Francisco (10th). The value determination is found by comparing current prices with historic values, income and rents.
A research firm says San Francisco Bay area home prices cooled last month as inventories grew and investor interest declined.
A research firm says home sales soared in the San Francisco Bay area last month as more expensive properties drew strong interest from buyers.
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.