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 4.6M, with a total workforce of 2.3M. The labor market grew by 155,500 jobs over the past year, up by 6.8%. The median household income in San Francisco is $115,820, 5.4% lower than last year and 71.5% above the national average of $67,521.
In the housing market, total permits issued totaled 11,819 over the last twelve months, up 8.9% year-over-year. San Francisco has 112 active new home projects on the market, 11.1% fewer than the 126 from last year. The average list price in the market is $1,273,940, 35.1% higher than last year and 182.7% above the national average. Over the last three months, new home contracts decreased by 40.5% to 903. Antioch and Fremont had the highest concentration of the new home contracts in the San Francisco market.