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Economy

Mapping the Incredible Spread of Million-Dollar Homes Across San Francisco

96 percent of homes in the city’s Westwood Park neighborhood cost $1 million or more.
Million-dollar-housing creeps across San Francisco and adjacent areas, 2012-2016.
Million-dollar-housing creeps across San Francisco and adjacent areas, 2012-2016.Trulia

More than half of the homes in San Francisco cost $1 million or more. While million-dollar-housing creep is happening nationwide, it’s nowhere more prevalent than in San Francisco, San Jose, and Oakland.

The rise of “Billionaire’s Bay” is a distressing wake-up call from Trulia chief economist Ralph McLaughlin, who has charted recent growth in seven-figure homes across the 100 largest metros. There’s no comparison: Between 2012 and 2016, the percentage of $1 million+ homes in San Francisco grew a gobsmacking 37.8 percent, rising to represent 57.4 percent of the homes in the city.