Content about First Republic Bank

August 21, 2013

According to the First Republic Prestige Home Index issued by First Republic Bank, luxury home values in certain niche California markets experienced strong growth in the second quarter.

In the San Francisco Bay Area, values were up 10.9% year-over-year, as well as 5.0% since the first quarter. Los Angeles homes rose 6.1% since 2012's second quarter, as well as 3.3% since last quarter. In the San Diego region, values were up 8.0% on a year-ago basis and 4.9% since last quarter.