Skip to content
Subscriber Only
Business
Pursuits

San Francisco Area Home Prices Near Record as Sales Surge

Updated on

Homes in the San Francisco Bay area sold last month at the fastest pace in almost nine years and prices approached a record as growing consumer confidence, historically low mortgage rates and job growth propelled sales.

A total of 9,386 new and existing houses and condominiums changed hands in nine Northern California counties, up 16 percent from a year earlier and the most for any month since August 2006, CoreLogic Inc. said in a report Friday. The median price was $660,000, up 6.8 percent from a year earlier and 0.8 percent below the peak of $665,000 reached in June and July of 2007, according to the Irvine, California-based real estate information service.