SAN FRANCISCO (CBS SF) – The median price for homes sold last month in the San Francisco Bay Area was a new record, according to data from CoreLogic, a market research firm.
The price rose to $850,000, up $20,000 from the previous peak set in March.READ MORE: UPDATE: Atmospheric River Crashes Onshore; Flood Warning Issued For Napa, Sonoma Counties
Year-over-year, the median home price is up $100,000 or 13.3 percent.UPDATE: Streets Flood in San Rafael, Mill Valley as Wild Storm Lashes Bay Area
CoreLogic analyst Andrew LePage said while the area has experienced strong gains in home prices, part of the increase was due to a shift in the mix of homes sold.
LePage said a higher share of sales occurred in mid- to high-priced areas.MORE NEWS: Stephen Curry Reaches 5,000 Assists, Warriors Beat Kings 119-107
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