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The Bay Area is also home to some of the world’s finest wine country, including Napa Valley and Sonoma, plus waterfront towns, dramatic beaches, and the tech-savvy southern end of the bay known as the Silicon Valley, where lunchtime ideas at Google, Facebook, and Apple, turn into the next brilliant innovation.
San Francisco's population is 4.7M, with a total workforce of 2.5M. The labor market grew by 16,700 jobs over the past year, up by 0.7%. The median household income in San Francisco is $111,700, 3.5% higher than last year and 76.8% above the national average of $63,179.In the housing market, total permits issued totaled 12,192 over the last twelve months, down -24.2% year-over-year. San Francisco has 140 active new home projects on the market, 13.0% fewer than the 161 from last year. The average list price in the market is $828,842, 29.4% lower than last year and 157.9% above the national average. Over the last three months, new home contracts increased by 7.8% to 1,042. Dublin and San Francisco had the highest concentration of the new home contracts in the San Francisco market.
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