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Luxury Home Values Rise In The Third Quarter (First Republic Bank)

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(Source: First Republic Bank) SAN FRANCISCO, Nov. 20, 2013 /PRNewswire/ -- Luxury home values increased in San Francisco, Los Angeles and San Diego in the third quarter of 2013 compared to a year ago, according to the First Republic Prestige Home Index™ by First Republic Bank, a leading private bank and wealth management company. In the third quarter of 2013, the Index indicated the following: San Francisco Bay Area values climbed 10.4% from the third quarter of 2012 and 1.9% from the second quarter of 2013. The average luxury home in San Francisco is $3.0 million. Los Angeles area values rose 14.0% from the third quarter a year ago and 6.7% from the second quarter of 2013. The average...

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