Median Bay Area Home Price Reaches Another Record; Up 13% In A Year
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.
Year-over-year, the median home price is up $100,000 or 13.3 percent.
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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.
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