COVID economy falters, but Bay Area luxury home sales boom

COVID economy falters, but Bay Area luxury home sales boom

3 years ago
Anonymous $hYN7Hy7o7J

https://www.siliconvalley.com/2021/03/25/covid-economy-falters-but-bay-area-luxury-home-sales-boom/

Sales of Bay Area luxury homes have surged during the COVID-19 pandemic, even as the economic upheaval has left thousands unemployed and many more families months behind in rent.

The number of Bay Area homes selling for twice a county’s median home value has skyrocketed during the pandemic in 3 of the 5 core counties, according to a Zillow analysis for the Bay Area News Group. Only San Francisco, suddenly bereft of urban amenities and charm, saw a substantial decline in luxury home sales compared to 2019.