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Double-Digit Luxury Home Gains In San Fran

SAN FRANCISCO-A recent report from the First Republic Bank shows that San Francisco Bay Area home values climb high thanks for foreign buyers and tech money.

By Natalie Dolce | Updated on February 26, 2014

SAN FRANCISCO-Luxury home values increased in San Francisco, Los Angeles and San Diego in the fourth quarter of 2013 compared to a year ago, according to the First Republic Prestige Home Index by First Republic Bank.

Katherine August-deWilde, president and COO of First Republic Bank, says that “Market conditions in California’s luxury communities continue to be very strong. Limited inventory, robust demand and low interest rates are driving prices higher.”

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