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If you want to buy a home in San Francisco, you better have $1 million to spend. At least.
A whopping 81 percent of the homes in the metro San Francisco area cost $1 million or more, according to a new report from the housing website Trulia. That’s an increase of 13.7 percent since October 2017.
Trulia ranked 100 US metro areas by how quickly they are adding million-dollar homes, year-over-year. San Francisco didn’t come out on top of that ranking — its Bay Area neighbor San Jose just edged it out for the No. 1 spot with a 14.2 percent year-over-year increase in million-dollar homes.
But San Francisco tops the list of cities when it comes to the highest percentage of million-dollar homes overall in 2018.
In San Jose, 70 percent of the housing stock is valued at $1 million or more, good for second place, and in yet another Bay Area city, Oakland, 31 percent of homes are worth more than $1 million. From there, the list drops off sharply, with no other metro area topping 20 percent.
Read more at New York Post
he West Coast really is the best coast — especially when it comes to real estate priced in the nine-figure range.
In the Bel Air enclave of Los Angeles, the 10-plus-acre estate of late billionaire A. Jerrold Perenchio — who died in 2017 at 86, and was at one time the chairman and CEO of Spanish-language network Univision — has hit the market for a sky-high $245 million.
Not only does that mighty price make it the most expensive home for sale in the City of Angels, but it also makes the property take the crown for the priciest home for sale in America, according to the Los Angeles Times See more at New York Post
Breaking News from KOMO News
SEATTLE – The Seattle City Council repealed a controversial “head tax” on the city’s biggest businesses Tuesday after a revolt by Amazon and other large employers that balked at bearing such a large financial burden to help solve Seattle’s homelessness crisis.
The final vote was seven to two to repeal the tax.
The vote came during a special council meeting attended by a packed, vocal crowd that spoke on both sides of the issue during a lengthy public comment period.
Economists forecasted 190,000 additional nonfarm payrolls, with the unemployment rate holding steady at 3.9 percen
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