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: Trailers, RVs, Shed Burned at Industrial Yard in Oakland
Year-over-year, the median home price is up $100,000 or 13.3 percent.Santa Clara Officials Open COVID-19 Vaccination Clinic At Local Farm
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: Four Arrested, Guns Seized During San Jose Saturday Night Sideshow Crackdown
© Copyright 2018 CBS Broadcasting Inc. and Bay City News Service. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.